Member Info for Robbla

https://www.rystadenergy.com/newsevents/news/press-releases/most-of-worlds-top-30-high-impact-wells-for-2020-seen-in-africa-and-the-americas/

perhaps he means start to TD in June....

BPC Homepage still has potter stating..

'The next 3 – 4 months will see the Company deliver on this obligation. Key news flow events will be announced related to rig and integrated well services delivery, environmental permits and data acquisition, provision of skilled people and funding. It is in this short timeframe, working on all four fronts, that will see drilling targeted for late 1Q2020'

Todays RNS

'The mutual fund initiative was set up with the straightforward goal of allowing Bahamian investors the opportunity to invest in the outcome of our potentially transformational exploration well, targeting 0.77bn to 1.44bn barrels of oil, which is to be drilled in the first half of 2020. An opportunity they would otherwise have effectively been precluded from.'

I would imagine that spud will be April time now.

I took the below from one of my earlier posts.

Early Q1: 4-5 weeks - EA Permit, Mutual Fund*(BDR);
Mid Q1: 6-9 weeks - CLN, Rig Contract, Well Services;
Late Q1: 9-12 weeks - Drill and operations.

Ish.
*We now have details of the Fund.

Potter has always said that the EA would be done early Q1... well, we're now mid Q1 so everything is shifting up which is why the CLN date moved.

I don't expect we'll hear much more prior to the CLN deadline, unless of course its not required for some reason.

Much better posts...

Im collecting a lot of info on rigs and equipment, just to better understand.

"The mutual fund initiative was set up with the straightforward goal of allowing Bahamian investors the opportunity to invest in the outcome of our potentially transformational exploration well, targeting 0.77bn to 1.44bn barrels of oil, which is to be drilled in the first half of 2020. An opportunity they would otherwise have effectively been precluded from.

Further, by offering this opportunity at a subscription price of 2p, potential Bahamian investors have been extended this opportunity under the same conditions as had recently applied to UK investors alike. Accordingly, the fund has and will continue to accomplish its objective, in creating a vehicle through which Bahamian investors can, should they so wish, participate now or in future in the fortunes of the Company.

I would emphasise for all shareholders' benefit that any funds raised from the Fund initiative, now and in the future, will be additive to our existing financial resources but are not essential to meeting the estimated costs of drilling, for which costs we have been implementing a staged, coordinated funding strategy, as previously communicated to the market."

£700k received.

Live and let live...? Just dont read them?

...there is just no way this wont be drilled by someone. Pressure is building and each RNS reduces the risk.

Next 3 weeks we'll surely know for sure and by whom.

...I've nohtnig to aopolgsie for. I jsut akesd a cuolpe of qeutsnois...

Find it odd that you couldnt find the Leno number either... when I found it within 30 seconds... possibly less.

Anyway, we'll see... tick-tock.

'fund is suppose to close 17:00 today, stateside time possibly'

Did you read the RNS? Or any of them for that matter?

If you did then you'd know it closed the 7th and the three day administrative is 17:00 EST.

You know what EST is right?

https://lenobahamas.com/index.php/contact

+1 242-396-3225

At the request of Leno, an administrative extension of the initial subscription period of 3 days has been implemented which will now end at 17:00 EST on Wednesday 12th February 2020.

RNS Tomorrow - 07:00

Volume the lowest its been in a few weeks.

What makes you thinks it (EA) cant be denied based on BPC not fulfilling their obligations?

If we (BPC) do fulfil and satisfy all criteria then EA will not be refused as long as there is not a moratorium in place by the government due to some man made or natural disaster.

400,000 population...60,000 of these are below the poverty line.

Rich get richer...

IMO its closed. I buzzed around the leno site a few weeks ago and the BPC 'offer' was easy to find.

If I do the same now... cant find it. Unless you have a direct link from the RNS and thats just information relating to the fund.

Is the fund open or not? RNS just advises extension for Admin. I assume its closed, otherwise it'll just be kicked down the road until its full.

Leno have around 20 full time staff, probably a subset will be working on the MF. They missed the deadline which is not ideal, we'll know why soon enough.