Member Info for rossannan

CarsCoffee

What absolute nonsense!

ZagEgypt

I doubt it will take that long. And give some credit to blissful for spotting it in the first place.

Petrodollar

“being on the wrong side of the trade is hazardous atm”

Are you saying that being long 2M shares or their equivalent is the wrong side of the trade?

ZagEgypt

So you think that the movements of the Rainbow Warrior are just a coincidence? Maybe it is in on its way to T&T so that Greenpeace can storm the beach at Bonasse and protest the drilling of the mighty Saffron 2!

“the Bahamas Defence Force and US Coastguard have been briefed on operating and safety preparations”

Interesting.

ZagEgypt

“zero factual information”

Fact: The Rainbow Warrior is heading to Las Palmas

Fact: Against this background - https://ourislandsourfuture.org/

As I have made clear it could all be a coincidence, but it doesn’t look like it, does it?

Great spot by blissful.

2020Vision

Winter sun apart, what business do you think the Rainbow Warrior could have in Las Palmas other than attempting to put a spoke in BPC’s wheel?

Looking at where the Rainbow Warrior is now it could easily arrive at Las Palmas tomorrow. As I said it could all just be a coincidence. Seems unlikely though.

Robbla

It might be a blockading exercise from the get go:

https://www.greenpeace.org/international/press-release/45015/greenpeace-continues-peaceful-blockade-despite-orders/

Or it could just be a coincidence. Time will tell.

...the chat has now been fixed. Fingers crossed, because it was getting a bit exasperating.

Petrodollar

I’m sure it would have topped the 250 if the chat hadn’t kept going down!

Tiburn

“The Geology doesnt change according to a share trade position - it just is.”

Spot on!

smalltrader

Real is exactly what I’m getting.

Tiburn

“One reservoir target - fair enough - chance is low.”

Yes, and that is BPC’s one chance to generate something spectacular in terms of shareholder value. If it does not come off and they want another go, there will have to be massive dilution.

Sroddy

No, you are wrong there, the CoS being quoted is not the chance of a best case scenario. You can see CoS figures of up to 35% in this presentation (page 10):

http://www.rns-pdf.londonstockexchange.com/rns/9823V_1-2020-8-12.pdf

The standard industry “chance of success” terminology is used, so as I said before success is measured by whether a commercial discovery is made (oil that is determined to be commercially viable for appraisal and development), which means that the chance of a best case discovery is significantly less than the CoS. If you are in any doubt about what “chance of success” means in the presentation you can contact BPC (info@bpcplc.com).

Of course the local rampers are not interested in these kind of distinctions and, as time goes on, we will be hearing how this one is different, how the CoS is in fact better than 35% but how BPC just can’t come out and say that (although we have already had the dangerous phrase “virtually a dead cert” used in a BPC video). This is the kind of nonsense that makes the pre-drill excitement trade such an absolute belter. The share price may be off a little this morning but that is probably just because the local rampers talked themselves into expecting an RNS first thing. There should be news soon enough and, rightly or wrongly, we will then be off to the races without a drill bit even touching the seabed.

mysteryguy

Could be. Could also be heading to 5p. Place your bets.

Sroddy

Failure can still involve an oil discovery - success is measured by whether a commercial discovery is made (oil that is determined to be commercially viable for appraisal and development). Crucially, this means that the chance of a best case discovery of the magnitude bandied about by the local rampers and, indeed, BPC is significantly less than the CoS.

The thread title “RE: Summary of research and opinions for newbies (as at 15/11/20)” suggests that a ramp is under construction. It is the predictability/inevitability of this that makes the pre-drill excitement trade such an absolute belter.

ZagEgypt

Exactly. As I said it was reversed about 20 minutes later. All this fiddling with the AIS device is basically wasting my notification credits.

TRP-BPC

“If go to 3p I will jump in maybe”

“Up to 9p/10p we go”

?