Member Info for Private_Investor

To balance out yesterday.

BPC are delighted to announce the appointment of a new CEO.
Greta Thunberg is looking forward to her new role. According to sources from The Daily Mash Greta plans to take the well funded BPC in a new direction with more focus on environmental protection.

For those who have not had the pleasure of reading The Daily Mash it is worth a look online (NSFW)

I also started with nothing. I have most of it left. Some I lost along the way.
But I like to think of the losses as paid for learnings.

I am living proof that sometimes you only need to get lucky once to change your world.
I did not earn vast wealth through the employment of others, I did not build a business for myself. I worked hard, saved what I could, invested when I could and got lucky on a couple of occasions.
I am not saying that BPC will change the world. All investors are different, but BPC at least has the potential to change the world for some people.
Where will the SP be 6 months from now, 2 years from now, 5 years from now?
No idea.
However, it has a genuine possibility of being 10's of times where it is today.
a few k here could be 10 years off a mortgage term.
10k here could be retirement earlier than planned.
Flip side, we could drill, find nothing of interest and lose it all.
So only put in what you can afford to lose.
As an earlier poster pointed out whoever dropped in for 2m shares today could get out on friday with the SP up just 1p and have the cash back out and a brand new car, a VW Golf for example. Can it rise 1p in a week? if history is anything to go by it can.
best of luck to all, if the 2m trader is a poster it doesn't have to be a golf.

PI, p-i, P_I, pie, I'll take any, i am not precious.

I think 90% plus of lth are more than comfortable with SP doing whatever it does short term. A few day traders about at the moment, to be expected with recent SP volatility.

The BPC journey has been a blast.
Painful lessons along the way.
Highs, and lows from day to day.
Friends well met, virtual to date.
Party beckons, sandwiches await.
Hold your shares to join the cast.

Welsh,

I am not an expert in the area of production flow rates and it is not a post critical of you.

I would be interested to hear from an informed poster on the productivity rates per operating platform once in production.
Given the potential size of the prize I would expect multiple wells will be in play if the numbers play out. Our deal with BG is scaled against production targets, they will want the revenue just as much as BPC will.

Gives an interesting view on potential future valuation potential for bpc if those prospective resources become firm assets.

the news that will make it really fly .....
well confirms OIP far exceeded upper estimates...

back then I was a holder but not a poster over on iii.
it was a decent site back then.

(have you worked out how many days at 70% before things just get silly and we are all billionaires? It takes less than you think - day 22 anyone with over 500k shares. the mind boggles)

scratch that, I have just worked out what the divorce settlement would be.

Even if Mrs P_I was the most committed wife ever temptation might set in at those levels.

Laallee is that really too much to ask?
24 days of that and I will bow out with a smile a foot wide

Oh Laallee.
£5.00.
Your posts have made me smile this week, thank you.

I know your post was tongue in cheek but can you imagine the party of BB members if we were snaffled by one of the big boys at £5.00
We would need to change venue to somewhere more helicopter friendly.

Oh Laallee.
I want that to be true.

Not sure I would agree that BPC was in a better place in July 2018. The share price yes, but we are far closer to a drill today than we were then.

We await confirmation that a licence extension has been granted because of the impact from coronavirus. If it is given then expect a step up in SP.
Then there we can start to get excited about the string of RNS releases around drilling.

As soon as they start to happen I expect the SP from July 2018 to be matched at the very least.

Parp. I get those Russian Bride emails every now and then.
I thought it was just a scam.

I am now assured they are all real and will look to trade in Mrs P_I.
If only there was an autotrader type outlet for wives with 1 careful owner....

The english, the british in general, are no different to anyone else.
They do not mind following orders if they either like the rule and agree with it, or dislike the rule, but have trust that it is in place for the right reasons.
With the governments both in the UK and overseas having proven themselves to not always be trustworthy it becomes more difficult for the people to follow blindly what they are told.

I do not know enough about dutch politics to know how credible they have proven themselves to be. I do follow british politics from a distance. I am not sure I would trust many of them to run a bath let alone a country.

A couple of reasons why I am not a big fan of trying to compare death rates between countries.

Do we know that all countries are recording deaths and case count the same way? Death with covid 19 is different from death from covid 19 for example.

Even if we knew that all measures were common at this stage we do not know how virus transmission is influenced. Is the rate of transfer the same in a hot dry climate as a cold humid one?

Not sure how constructive comparison is if it is used to suggest different approaches may have had different results, the scientists were conflicted in how best to tackle the issue and it probably wasn't a one size fits all approach.

Looking back on what we could/should have done is always done with 20/20 hindsight. I should have sold all equities before the virus took hold...I should have invested heavily in Amazon 20 years ago...

When I look back I try to test decisions based on what I knew or thought I knew at the time, if we take BPC, in Jan/Feb we expected to be drilling now.
I didn't know what global impact covid was going to have. I would have made the same decision. Hold.

Lockdown, we have been pretty good. However if Dutch's theory of limited exposure proves to be the most effective way of building immunity our isolation will prove to have been a bad choice.

As always stay safe, stay well.
Try to be positive in the things you say and do, it goes a long way.

To be out over the weekend.
Nothing to do with BPC.
Just reminiscing about the good old days when we were all younger and had more freedom.

And there was me thinking TW was one of the good ones...
If I subscribed to Tripe Weekly or whatever other Turd Water publications are out there I would drop them like a well oiled eel.

If, and I am not for legal reasons saying that there is any proof, but if there was any, it would be nice to think the powers that be would use the few teeth they have to squash manipulative, malevolent miscreants like bugs.
It must be tempting if that is your line of work to go after a big fish and set an example. Said an insider source at Trout World.

The US may have individuals with objections to the BPC oil fields going into production.
They could vote to object as a nation.
However their objections must surely be limited in nature, they could refuse to purchase oil produced in the Bahamas.
What impact does this have?
Global demand remains the same. BPC oil sold to a global market, higher production cost with shipping for BPC.

The US could impose sanctions.
The US looks like a bully. The global demand for oil remains BPC still sell oil.

The US buys the rights to oil in the Bahamas with the intention of not producing.
They still pay for the oil.

Naive maybe but....

IK
I admire your principles, a stance against an opportunity created out of a humanitarian disaster is to be lauded.
Well done sir.

I have continued my normal investment profile adding a few blue chip divi paying shares, but only the same cash flow in to the same share pots as before.

Personally had they suspended trading I would have lost no sleep as a result.
My one hope is that the national appreciation for our front line services continues and is financially recognised at the lower grades after this pandemic is consigned into history.

Can we add....Bond back catalogue to the outrageous cross ramping share list?
It is one I have had my eye on for a while, I have dabbled a little over the years but think social distance may be a good opportunity to put in a bit more commitment.

Glad to have the company and given confidence that I am not alone in this interesting opportunity IK.