Member Info for Private_Investor

No suggestion that any of the transferred shares have or have not been sold.
But if they have it does raise the possibility of trading on inside information.
I am sure the authorities will take a look if appropriate.

Agreed the drilled location was not the best prospect.
It was however the only one BPC had any chance of funding within the timescales.
I seem to remember way back when Noah was learning about canoes there was a BPC presentation that detailed the folds and structures it then outlined ballpark costs for drilling.
Even P#1 was revised - suggesting better location for depth and penetration etc, my suspicion is that cost and risk came in to play.
(Speculation on my part - just to be clear)

Funding required? Expect it to be higher than P#1.
Reevaluation of the seismic data alongside findings from drill data? How long?
If (really big if) existing producing wells can be brought up to 2.5k bopd in 12 months is it sustainable and profitable?
Do Bahamian government extend 2nd well obligations?
Does that help BPC at least in part self fund PERV#2.

do BPC walk away from the prospect of P#2 and look to make the best of the assets they acquired from CERP.

Lots of questions, be nice to get a business strategy update from the board soon.

If not the next RNS one very soon after.
Everyone needs hobnobs.

Objectively I think it is fair to say there are things the board did well, and things they didn't do so well.
Many called the CERP acquisition for what it was, a post P1 life raft.
Many opinions on the positive and negative of that, in hindsight it gives us another basket for our eggs.
The funding that was secured set many alarm bells off, the offloading of shares by funding partners was like adding in a spinal tap amp.

I would be interested to know what action if any has happened with the shares Leo transferred to his wife.
I assume none. If I am wrong then that is cause for the authorities to review.

So, we are now fully funded until someone eats the last hobnob?

Whilst I may hope that somewhere Potter has a hat with a rabbit hidden inside waiting for a grand entrance my expectations are that things will bumble along for a bit, we will get an RNS on new funding strategy and grand plans for T&T, Suriname and Uruguay. Not setting any expectations on Bahamian exploration going forward. If any happens I think if we are fortunate we will be a rear passenger, we won't be driving, we can't even change the station on the radio, hopefully we will not become the annoying little brat asking "are we there yet?" Every few seconds.

New venue for the shareholders gathering?

https://www.tripadvisor.co.uk/ShowUserReviews-g186338-d1155779-r158503057-Palace_Restaurant-London_England.html

The bar is firmly reset.

After all those years of waiting at least we have an answer.

Perv#1 was never the best prospect, it was however the best balanced risk on cost v COS.

So what now?

I heard a rumour that a regular poster was offering red or blue pills, put me down for a handful of each and wake me in the autumn.

I considered joining in briefly, but my OCD kicked in.
I like to keep it to round numbers of shares.
15k and change as a ripple would drive me to distraction.
Mrs P_I would have my gentleman spuds in a vice if I put through 6 trades of 3333.33 to keep the 333 theme and hold my share rounding.

If I am singing like a 14yr old Aled Jones later you all know why.

Share price and share price movements over the past few days are enough for me to conclude that whilst many people have assumptions on oil / no oil nobody has enough knowledge to wade in deep enough to trigger the stampede to buy or sell.

(With the possible exception of people who could be privy to inside information and we know that such people would never act on such knowledge)

((Or at least not directly and if they are smart enough to distance themselves from the trades they would not be at levels to trigger suspicions that could trace that distance))

Me, I increased my holding 300%, just on a nod and a wink from my mate Si Potter (no relation)
Ps I lied about increasing my holding, I am in deep enough for my pockets or Mrs P_I's liking. She would prefer an investment in yet another flipping handbag, one that requires a whole new wardrobe as the bag doesn't go with any of the existing little black dresses.

Original post removed - must have some sensitive readers.

A uk based oil minnow released an RNS today to confirm free flowing oil now in play.
I can't say who because that is the only possible justification for removing the previous post, but you are all bright enough to track them down.

Under normal conditions good news like this should see or at least be reasonable to expect it to see a significant SP uptick.
However at the time of the original post they were marginally positive before I grabbed a bit of lunch they had dropped below the line.

On that basis I am resetting my expectations for news of success on Perv#1 lower.

In jest, from 12p to 11.9p
In reality, my price estimates are of zero interest to other posters (or at least they should be because the clever people have done their own estimates and calculations. The others should seek professional advice before investing anywhere)

No posts since Dec 21st.
Missing your highly valued insight. Hope you are:
1. Ok, safe and well, watching from the sidelines.
Or
2. Ok, safe and well, grafting away on the icemax in an undisclosed location knowing undisclosed things.

I can confirm I am based on the cash position in my wallet today fully funded for my lifetime.
(Fact)

Caveat: as long as I peg out before I need to spend any money from my empty wallet. Water in the taps, food in the fridge and freezer. Milk is probably the first thing to run out of,brew may be affected but life can go on.
My best estimate is at least a few weeks.
I can now predict that I will be fully fully fully fully funded to P1 results.

Best wishes Leo in whatever circumstances you find yourself dropping out of BPC.
Hope all works out as best it can.

Could be something, could be nothing. Just be aware if this tickle is on speculation alone then what do we get on credible leak rumours or a positive RNS.
At some point if there is positive news flow this will go off like a bottle of pop stuffed full of mentos.

35% chance of success. So broadly a 1 in 3 chance.
As Harry points out this is per target.
Statistically they are not true independent and un related events but again for the sake of simplifying the numbers we will go with it.

9 or 10 target zones, each with a 1 in 3 chance of hitting oil.
A bit like flipping a coin 6 times trying to get it to land on tails.

Ok, for balance, if the target drill is into a column as devoid of oil as the pockets of some of our regular posters are of coins to flip the chances are zero.
If you want to flip a tail you need at least 1 coin to play the game.

How much is the meteorite worth?
Can we extract it?
It is either massive and therefore of huge scientific interest or the hardest substance ever discovered and therefore of huge scientific interest.
Win/win.

And once the science bods have got it out of the way (making us shareholders rich in the process) we either finish the drill or, as it is BPC and if not for bad luck we would have no luck at all, the meteorite is a new power source that makes the quest for oil and all other oil replacement products obsolete.

Another win in many ways.

U2.
I think if Bono was in anyway connected with BPC he is more likely to be a friend of the bays than a BPC ramper.

I was going to try and build in some pithy U2 lyric but my head is mush.

Focus on the beef.

Do not lose sight of what is in play here....
Roast rib of beef.
Horseradish.
Doorstep thick bread.
Rocket (although tested with lamb's lettuce or watercress and both proved acceptable)
Amarone.
Good company.
All post lockdown post results naturally.

Hold the front page, I have had an idea for a new tv game show.
A competition between positive and negative shareholders.

Rampers you will go on my first whistle.
Derampers you will go on my second whistle.

Harry, I second that view.
75% diluted with a major mot just on board but driving the agenda with all of the resources expertise and global influence would have been preferable to where we are today.

I reserve the right to reverse that view if the results of P#1 were announced as being at the top end of estimates.
But even then there will be additional funding required to get to production.