Member Info for Private_Investor

Possible. ..yes. probable. ...no. conditions required. ...deal structured such that the deal to drill is on 1 of 5 license areas only. The well proves to be commercially viable and the retained bpc share generates an income sufficient to support independent drilling of other license areas....and these to be commercially viable. If all of that comes to pass multiple pounds per share is possible. Like everyone else here i will have top sliced long before. Taking a risk with less than 12 months net income of value is acceptable to me. If we jump 10 fold that risk profile gets sketchy. Make it 30 fold and it is a step to far for me.

pending EA statement? or lack of EA statement, as that would suggest there were no additional questions.

In short the value of the data is whatever someone is prepared to pay for it. Today the value is 250k per month less the value attributed to anonymity. The cost to BPC to acquire the data is not relevant. The value someone else places on it can be higher or lower. If nobody decided that they wanted to engage because of either what they saw in the data or the political stand point of the Bahamas then the value is zero. If the license is allowed to lapse and is re sold by the government at a future date the BPC archive may have some value but the company will not be a going concern. If on the other hand this major or any other major strike a deal with BPC it will take into consideration the potential value of the oil, the probability of finding oil that is commercially viable and a nod to BPC in the production of the data. At that point the data value is insignificant against the potential deposit value. The biggest risk to BPC lth is that the major sees a straight acquisition of BPC as better value than a JV. If we go that way i see 10x share price today as maximum value to lth. A fraction of the value if we strike a good JV and hit a strong oil deposit. I post as a lth who prior to the spike from 1p to 3p was building a second pot for trading. My plan was to double my total holding, half to hold in the bottom draw half to trade the historic bpc price volatility. I did not want to risk trading my existing pot for fear of being locked out when news landed. I am in now till the end play for BPC whatever that may be.

5 million. 5k gbp. Not in this share. 25k gbp if you caught the bottom.

I think this is really big news. I try not to predict, ramp, deramp or make any kind of recommendation where shares on aim are concerned. I try to encourage balanced views. To that end if anyone on the bb can offer me a negative slant on this appointment please do as i am guilty of only seeing it through rose tinted glasses at the moment.

I am not sure if it still stands but the board previously had an incentive package at 32.5p This is going back a few years so may have been superceded.

Not looking for shell to buy us on the cheap. Just looking for a balance view. If you were ceo of the major oiler do you pay x million for the farm in deal or do you pay y million for the full business. Right now we have huge unproven potential, however the sp and therefore mcap remain low relative to the potential. It makes sense for any major to consider risk v reward on full t/o. Where is fair value? 4x mcap? 10x mcap? 100x mcap? I don't pretend to have an answer. Preferred outcome from a BPC lth holder pov is to stay in as farm in, i think there is better shareholder value there. Just not convinced that is in the best interests of the major who are also accountable to shareholders. I like many invested here on the strength of Mr Burns view. I would like to see him proven correct.

As a holder of Shell amongst other oilers. (We all like a divi check) i would be disappointed if they pay over the odds for a BPC farm in when it could be better value to go with the t/o approach. Why pay 200m plus for a company with an mcap of 50 - 60m Imho Dyor Take all posts with a pinch of salt. Always consider the position of the poster. Some want a rise long term and will stay in till the end. Some want a rise short term to make a quick buck. Some want a dip to buy more. Some want a dip to close a short. Me...i want a brew and a quiet beach. GLA.

sunday, welcome to the club. Now if a few more LTH can make it past b/e happy days.