Member Info for Private_Investor

It has been confirmed that the alarmingly high number of posts on the LSE BPC chat page has caused a catastrophic crash.
Nigel from accounts was walking whilst texting and failed to see maureen from the IT service desk on her late afternoon tea run.

During the disciplinary hearing Nigel exclaimed it was not his fault he had been posting so many messages to the BPC bulletin board that the site had frozen for the 7th time in as many hours. He was exasperated that whilst the chat page was now working some 5 hours worth of posts had been deleted.

Time will tell I guess.

How does it play out?
I guess it depends on how much is born from a genuine will to prevent drilling and how much is sabre rattling.

Legal challenge disrupts proceedings. BPC call foul and have license extensions granted. One would assume that as part of the insurances in place there would be a segment on something like this to cover costs for delays.

At the same time as going through the proceedings BPC go on the charm offensive calling out the revenue potential to the people of the Bahamas (and play out highest reasonable estimates)
30 days of oil revenue funds a new school.
60 days a hospital.

Then play the every day lost now takes 5 days to recover...

If that fails then as Fatal calls out there have been justifiable reasons in the past for BPC to seek legal redress against the bahamian government - but that feels like the nuclear option. Licence fees taken not in good faith, expenses incurred to date. Block on alternative development for the duration of the exploitation licence period.
All the while neighbouring countries benefiting from oil revenues becoming more attractive destinations for tourists.

Look at the tourism disparity between Haiti and the Dominican republic to see how stark a difference money can make to tourism. Having been to both as beautiful and interesting as Haiti is I would return to the Dominican Republic with family, I am not so sure I would feel the same about Haiti.

Is tomorrow an RNS day or is the next one on Friday?

Ibiza28: I understand drilling Percv 1 as that has the best chance of success

Just a quick check, not sure if Perv#1 (Percy) was chosen as best chance of success or a balance of success vs cost.
There were other areas that looked to have higher risk/reward profile but I think to be as 'drill ready' as we are today we would have been closer to 8bn shares than 4bn.
I don't think BPC could have reasonably met the exploration well commitment without a farm-in partner going that way.

I think that is where some of the posts referencing 28bn barrel prospect come from.
If Perv#1 derisks the basin things could get very interesting.
BPC suddenly have options. One of those at least in part satisfies the sell out theory. Maybe a partial sell out option.
Sell out the proven license area with a view to return capital to shareholders alongside development of additional licenses both in Bahamian waters and T+T....and Uruguay. But I suspect that may be a lower priority than areas where the 3d seismic has been done and looks promising.

All just musings, no real knowledge, don't follow me my Sat Nav folds and has dog eared corners.

Captain, Rainbow Warrior is taking station at IceMax spud co ordinates, should we go to ramming speed?

Well our GPS was FUBAR so I needed something to pinpoint the location -and thanks to the great work undercover rainbow team. We are tethered to the warrior so burning minimal fuel.
I knew keeping George Zippy and Bungle on the payroll was a good idea.

Certificate- documents issued from one person or institution claiming to have knowledge validating the recipient has also demonstrated a grasp of the person or institutions understanding of the subject matter.

Invoice - no idea, something people in finance sit on for as long as possible?

Sharescare:
Competent Persons Report.

In laymans, someone who knows what they are waffling about.

P_I:
or a layman with a certificate and an invoice.?

I don't recall seeing a second extension to the force majeur dates before.
Fingers crossed it is not required but if Greenpeace are planning to disrupt it is nice to know we have a bit more time in the contingency bank.

Oultonmike...Can't see them dropping the Stena and CPR rns on the same day....

I guess it depends if the CPR is positive or not.
If the CPR is less than glowing getting it out at the same time as the positive news on IceMax might be a good play.

If the CPR is glowing but there is a delay or change on the IceMax it might soften the blow a tiny bit.

If both are negative get your tin hat ready.
If both are positive get your gladrags on and raise a glass.

So, LSE have banned BB voyeurism.
If you want to read the chat you must be logged in.

Could this 'new functionality' be the cause of the constant chat board failure or could it be a reaction to it?

Expect a few new posters in the days ahead, we know you've been watching us you dirty dirty peepers.

Now, whilst I remain positive on BPC and believe that the BOD are playing it straight there were posts suggesting not.
When we were in a pre covid world and the BOD claimed to be "weeks from drilling " I think that the claim was 3 weeks.

Several posters suggested in hindsight this could have been untrue.

Now we are again into the "weeks from drilling "timeframe what does the future hold if this proves not to be the case for the BOD?

I would suggest it is hard for the BOD to recover from and would justify a vote of no confidence.

With this in mind I remain convinced that we are as suggested weeks from drilling.

The sharp rises could start as early as tomorrow with a stena based RNS.

Turned red!
Interesting the bid and ask are still the same as when it was blue.

IK.
just noticed that both of Purvis posts are negative towards you.

Do you have a spurned lover on the BB?

Purvis.
As far as second posts go that is quite an attack on IK.
Is it safe to assume you have been here before under a different name?
Just curious.

IK - first message just to prove that being premature is contagious?

I must say this wait is almost as bad as the first time labour ward visit.
That also had a couple of false starts.

If this brings anywhere close to the same level of joy when the delivery time comes it will have been worth it.

BOOOOOOOOOOOOOOOOOM!!!!!

Premature?
Wouldn't be the first time but Usain Bolt became a world wide star for getting things done before anyone else.

Joking aside, at some point in the very near term the news flow will start and the SP will over react (as most do) there will then be a quick correction to the over reaction - chance for traders to play.

Note of caution there are several news events to come. As much as I would like to make a few extra £ trading the over shoot I would kick myself for being the wrong side when an RNS drops.

For me it is sit and hold, and try not to get carried away on speculation before the gun goes off.
It feels like we have been under starters orders for so long now.

Fingers crossed my pessimistic pre spud price will be passed soon and BPC will not throw a late spanner in the works.

If you farm out on a 50m prospect on 80-20 terms you give up 40m barrels potentially.
If you farm out on 500m prospect on 80 - 20 terms you give up 400m barrels potentially.

If you do not see BPC as a successful business getting this close to drilling the prospect we are sat on or the board as having done a great job getting us where we are over the past 10 years given the global economy in that time and the historic set backs in GOM for oil prospects then perhaps you have missed something?

BP.
Global economic collapse.
Fracking. Suppressing POO.
Global pandemic.

To get this far is a proven track record.
What comes next becomes a legacy.

In4cedros, I think that what Jim was getting at is that in the recent past BPC RNSs that have had a positive impact on SP have served as a precursor to passing round the begging bowl again.

To that end it could be that the subdued reaction to what was a very good RNS is more a reflection on board behaviour than on RNS content.

Either that or those that previously jumped in from the sidelines on previous RNS releases pushing up the SP are either no longer quick to buy, already hold a position, or have lost faith?

Out of interest for anyone looking for a great non medical laxative. Try my mother in law.
She irritates the **** out of me.

Sorry, on many levels, the language, the crude mother in law joke and the fact mine is one of the good ones.

But still made me chuckle like I was at a working mans club listening to bernard manning.

Keith

A dead cert.

If we first assume that cert is short for certainty.

If we now explore Python logic. The parrot.

We can the deduce that where BPC once had a certainty it now has in its place a dead certainty.
A certainty that is no more.

Just one for the derampers.

Still holding, still positive. Still think something is imminent, but that could just be the laxative shot in my hot chocolate.

I wonder if SP threw that one specific word in for his favourite BPC BB Bunny Harry?