Member Info for Proselenes

Sealed bids in the latest oil and gas lease sale on the North Slope have to be in by 4pm Alaskan time today with results published first thing next Wednesday , 13th January .

Obvious that PANR are bidding for nearby licenses and thats why they have not updated on the other two zones as yet.....

Once the bidding is over, the news flow will come thick and fast.

Here are two relevant links FYI .

https://dog.dnr.alaska.gov/Documents/Leasing/SaleDocuments/NorthSlope/2021W/2020-12-7_Tract_Map_North_Slope.pdf

https://dog.dnr.alaska.gov/Documents/Leasing/SaleDocuments/BeaufortSea/2021W/2020-11-20_Public_Notice_Winter_2021.pdf

.

............The judicial review hearing is set for February 17 and 18...................

https://thenassauguardian.com/bpc-can-continue-drilling-but-judge-grants-leave-for-judicial-review/

.

Nice post by the NGC on their Facebook page.

Best buddies........NGC and Touchstone....... :)

https://i.ibb.co/pbW51tH/NGC.jpg

adv11. It does.

You must fill it in and send to your bank.

https://www.irs.gov/pub/irs-pdf/fw8ben.pdf

Make sure you make a complaint and keep pursuing it.............at most should be 15% tax.

Exactly what I am doing......sitting, waiting. Not selling any........keep topping up as and when.

This is a LTBH..........all being well in 24 months this will make lots of people very very rich, provided they can resist the temptation to trade and sell........and keep holding.

Not sure.......looking at the seismic lines they are doing, it might be that lower Mid-Miocine gas target that is Steelhead.

Not conclusive.......have to wait for XM or Paul to detail it.......most likely Paul in the upcoming presentation on the 14th Jan.

Looks like it might be the next drill after Royston, if it is I will be glad. That big Cretaceous target could be oil (or gas) and drilling it makes sure that if a takeover comes, at least its been drilled. Would hate to leave a potential 200 or 300 million barrel oil target not drilled.................. Lets see if it is.

Photo in the below link of what I think will be Royston and the new "Steelhead" drill locations.

https://i.ibb.co/ZKSqGvY/stee.jpg

.

6th Jan would be the 10th business day.......... so if no RNS by 7th Jan morning then its not been used.

I have a massive holding in TXP.

This is their gas in the Ortiore license area in Eastern Trinidad. Its nothing to do with the small little oil wells in the South West (like CERP had and now BPC has).

TXP is a proper company.........they are massively undervalued and have risen for me 500% in 2020.......and might do another 300% to 500% in 2021............do not compare to CERP/BPC.........there is no comparison !!!!!!!

I am fine........just watching the total load of tosh being posted by the rampers.

:)

The deep was to be tested first..............I wonder.................

BPC booked in to present on 28th Jan. Link below.

I expect either a presentation which details what went wrong........or one which is all about success.......or the most likely......... a technical success but not commercial........

Expect a drilling results RNS earlier that week, if not before....could be anytime now.......everyday from Monday onwards could be the day the news comes.............. Most likely imo a 25th of 26th Jan RNS with drilling and logging results.

https://www.proactiveinvestors.co.uk/register/event_details/314

.

Dont forget to register........... TXP one of the companies presenting. Registration link below.

https://event.webinarjam.com/register/900/oyy2gswy5

Thursday 14th January from 6pm UK time.

There is a misunderstanding as well that "its oil all the way".................it is not. In the reservoir formation will be parts that may have good porosity and permeability, and there will areas with poor porosity and permeability. If you drill into an area with poor porosity and poor permeability you will have a technical success if there is oil there.........but it will not flow and so will be a commercial failure.

Then you have types of oil......... if its very viscous or if its high wax content or high sulfur content again it might be noncommercial.

That 35% GCoS (Pg) just refers only to finding some oil, or some type, of some quantity, in a trap.

Your failing to understand what a 35% GCoS (Pg) is.

Its a 35% chance of finding some form of hydrocarbon, in some quantity during drilling.

It does not refer to size..................they have a 35% chance of finding 150 barrels of oil as well as 35% chance of finding 700 million barrels.................. its a technical measure only. They could find 5 million barrels and the well is a technical success.......but a commercial failure.

brynjon, the drill will drill to TD, regardless of whether they find oil, gas, water, dust..........unless they lose the hole.

They will have LWD but LWD cannot determine liquid types...........as unlucky shareholders found out on DES when "oil turned to water".

They will have to run wireline logs and do fluid sampling. I know people talk about flat spots, but such things happen with gas to water......fizz water.....etc... and so its no surety of oil.

Also, the quicker they finish the well, the lower the cost...........less day rate.........

Generally when a company says 40 to 60 days......... that means 40 days to finish wire line logs and have results. The extra 20 days is for any flow tests and more extensive testing in the even of an oil discovery.

The well spud on 20th Dec.

Should be circa 33 days to drill to TD and a few more to allow for wireline logging and fluid sampling.

They should be at TD around 22nd Jan and should have completed wireline by 25th or 26th Jan.

That is if things go to plan...........they could finish much quicker than that...........or if they run into well bore issues, longer.

But I would expect the dates I have put above to be correct estimates. So around 3 weeks to news at the longest imo.

Brynjon

You will know the result within 3 weeks imo.

BPC already booked a presentation slot with Proactive end of Jan. Will either be a story explaining how it all went wrong.... Or one celebrating success.... Or most likely how it was inconclusive and another drill needed in the future thanks to positive but not commercial signs.....

Not long to wait.

No response ?

Again, what I post on here is purely my opinion. It has no effect on the drilling, the drilling result, BPC as a company.....it has not effect at all. Its just my opinion.

This is a discussion board, for discussing opinions. I have said, for the sake of any BPC shareholder I hope that BPC does strike oil and everyone is happy. That would be great. I dont think its likely, but hey, if it happens then brilliant.

So again, I ask.

What are you SCARED OF ?

Already answered that, but to do so again.

I have been following BPC ever since it was a RHPS tip over a decade ago.

I have traded it very well, making quite a lot on it. However, for me, its always been about the story, the yarn.........not the end cold hard reality of drilling. I will not buy BPC ahead of any drilling result. No way. If they strike oil then I might buy in and trade the spike and sell before the fall back happens yes. But I will not be buying before the end result is announced as the risks are just too high.

As I have followed BPC for many many years, I have an interest in how things pan out and I will post on BPC if I want to.

Are the rules of this bulletin board that only rampers can post ? Only positive and no balance ? Only shareholders ?

No, its an open bulletin board for anyone with any views or opinions.

What are you SCARED OF ?

Trying to manipulate a bulletin board to only positive views is the work of rampers. if you are happy in your investment, you have done your own research, you are aware of all the risks.........what are you scared of ? What frightens you ?

If your research is so good you are sure of a positive outcome, you wont care what anyone writes.........that can have no effect on the outcome.................

The fact you are so concerned about what anyone writes kind of suggests you have no intention of being holding BPC shares for the drilling result ????? Else, what are you worried and scared about ?

And if you want to refer to the Petroleum Act 2016 as many attempt to do, have a read.

https://eh.gov.bs/wp-content/uploads/2016/10/Petroleum-Act-2016.pdf

.