Member Info for Prospect-

molokai, I forget who those folks are that look at astrology charts and seem to have good success. Perhaps, you've heard of them...

"Our ReNAV of ~7.20-7.60p per share (risked) adds the following: (1)the risked value of two exploration wells on the South Western Peninsula targeting 10 mmbbl each. Our unrisked NAV for these total wells is 1.76p per share (0.53p risked NAV with a 30% chance of success). (2)a potential 8 mmbbl additional recoverable volumes at Goudron. Taking into account historical production, 2P reserves and 2C resources, the additional volumes would imply only 8% recovery factor on 200 mmbbl oil in place and less than 4% on the 450 mmbbl estimated in previous CPR. Our unrisked NAV for these resources is 0.82-0.94p per share based on a NPV10%-12.5% (0.41-0.47p per share risked). (3)the risked value of the 770 mmbbl Perseverance prospect. We have taken the cautious view that, given balance sheet constraints, BPC will not be able to realize the full value of the asset in a success case as the company would have to sell a stake in the licences to bring a partner. Netting-off funding costs, we are therefore assuming the unfunded, unrisked NAV of the project at only 25% of the unrisked NAV of the project with development funding in place. We have attributed a 25% chance of success to the Perseverance well. Even under these very conservative assumptions, our unrisked NAV is ~17.00p per share (~4.30p per share risked). A success case would also unlock additional value by de-risking >2 bnbbl."

I'm not the analyst on that paper speak to Stephane Foucaud

www(dot)research-tree(dot)com/research/auctus-advisors/auctus-on-friday-11-12-2020/72_7264ebdb-fcfa-43b8-b3c0-c59931735331

www(dot)research-tree(dot)com

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https://*********************/research/auctus-advisors/auctus-on-friday-11-12-2020/72_7264ebdb-fcfa-43b8-b3c0-c59931735331

394,939 that's the population of the Bahamas. In 1955 is was only 88,631. Say, a multiple of 4.5 times.

9,890,402 that's the population of the UAE. In 1955 it was only 79,578. Say, a multiple of 124 times.

UAE found Oil first. Even with a massively increased population the Bahamas got left well behind with their tourism and fishing didn't cut the mustard.

I guess if we hit a duster the Bahamas will go bust.

It's closer to Cuba than Bahamas roughly as the crow flies 250 odd miles

Icemax already in Bahamas waters Just north of Dunmore Town

"The Government of The Bahamas is exercising its legitimate, sovereign right to establish if the nation of The Bahamas has its own commercial hydrocarbon resource. ..."

You have to wonder what the environmentalists know that the Government of the Bahamas dose not know? Could it be the fear of discovering billions of barrels of oil. Why else try to stop the drill?

In essence, everyone knows there is commercial oil down there otherwise why all the fuss? The environmentalist want to bankrupt the Bahamas.

If it would be easy and plain sailing there wouldn't be any worth in it. The harder it gets the more you ought to be convinced that there is value to be had.

Good to see progress made my IceMax

To many sh*ts on this forum. Sure you ALL agree.

The GDP value of Bahamas represents 0.01 percent of the world economy.
Bahamas Balance of Trade at -449.90 BSD Million.
Bahamas Corruption Index at 64.00 Points.
Bahamas Corruption Rank at 29.00.
Bahamas Current Account at -739.80 BSD Million.
Moody’s Cuts Bahamas to ‘Ba2’.
S&P Cuts Bahamas to ‘BB-’.

This country can do with Oil.

Source: https://tradingeconomics.com/bahamas/gdp

£2.35 take that as a good omen. Peter Turnquest is a soothsayer forecasting the likely sp going forwards. Beats "voodoo" technical analysis charting.

ETA for Stena IceMax arrival to Freeport is 15th December.

https://www.vesselfinder.com/vessels/STENA-ICEMAX-IMO-9517575-MMSI-235092459

Good luck on x42 though strong indications that dilution is planned. Watching this and need a larger margin of safety before dipping in. Past performance no guarantee of future performance springs to mind. GLA.

Here's more hypocrisy from Greenpeace's Rainbow Warrior...

"As if that’s not bad enough, both the superstructure and the spars of the boat are made of aluminium, which according to the Commonwealth Scientific Industrial Research Organisation (CSIRO), is the most GHG-intensive metal to manufacture. Of course, Greenpeace is philosophically opposed to aluminium, mounting campaigns against its use and manufacture, but is ultimately -like everyone else – reliant on it. Furthermore, the paint, rubber, seals and almost every other part of the boat is made possible by petroleum products. Every night the crew sit down in a galley with food prepared on a gas stove. Notice the trend emerging here?"

"Greenpeace is quick to boast the Rainbow Warrior III is ‘as sustainable as possible,’ despite the fact that it is still, ultimately, reliant on fossil fuels. It’s engine, a Volvo Penta D65A MT 1850 HP, is a diesel-electric motor that uses fuel at the rate of 206 g/kWh of power as Greenpeace activists cruise it all over the world to protest the very resource its dependent on. This hypocrisy has been widely noted and the public record is rife with photos of the ship being refuelled by oil companies, including BP, which has often borne the brunt of Greenpeace’s campaigns."

From linked article....