Member Info for rossannan

Starchild

So you are still suggesting that I am lying about my 1M shares and my 250K shares’ worth of spread bets, with another side order of unpleasant insinuations about my mental health. I really didn’t think you were that kind of poster. One reason that I post under my own name is to remove any temptation to sling personal abuse at folk from behind the safety of an avatar. I am on here to discuss BPC, not to exchange personal insults with anonymous posters. You are now filtered.

smalltrader

I get it that you don’t agree with my take on BPC but you need to read what I have actually been posting. I have made it absolutely clear that I will be out long before the P1 drill result - the rationale behind my trade is based on the inevitable excitement ahead of the P1 drill result, not on the drill result itself (I am not interested in that kind of high risk / high reward gamble). The header is an homage to one of Starchild’s and highlights that I disagree quite profoundly with the store that he seems to set by the former CERP assets - particularly at current WTI.

What share price are you envisaging in the event that P1 is a duster?

xxxyyyzzz

Pretty much anything would be a step change on production of 400-450bopd. How many months away is a Saffron 2 drill result though, bearing in mind how torturous the progress towards the Saffron 1 drill result was (and that we were never even given the results from testing the remaining 3 intervals)? P1 may be quicker!

Ooi Ooi!

Significant?

EJ

Definitely worth bearing with.

nlondon1234

“The real question is why do folk bother with bulletin boards like this then?”

There are useful insights and facts to be gleaned from BBs and they also give you an opportunity to bounce your ideas off other posters. BBs can also give you an idea what the “groupthink” is at any given time and that can often help you with your trading decisions. Any posters who aren’t helping, you can just filter.

Starchild

“1. Why the constant negativity?
2. Why create a subject line so ridiculous and keep replying to it?

No sane person would bad-mouth their own shares!”

Two interesting questions and a very interesting observation.

Negativity? It is a long time since I felt so positive about a trade. It’s a near perfect setup - I’m confident of more than doubling my money with my spread bets at their 4.8p target and maybe doing even better with my real shares.

My subject line is, of course, an homage to your own “BPC 4p-5p per share (£200m market cap) even if Percy-1 is a duster? Here’s potentially how and why”.

As for the idea of no sane person bad-mouthing their own shares, we’re free on here to say whatever what we think. After all, what is going to deliver the return we’re looking for is the horse that we’ve bet on proving to be a thoroughbred rather than a nag. Any arguments in the stands will have no bearing on that outcome. Anyone who thinks otherwise is probably more likely than most to lose money because they are too focused on BB chatter and are failing to look closely or objectively enough at the bets they are making.

If a deal is about to be announced, it has been kept very quiet.

I guess that’s a year now since the last hearings. Unless the pandemic has affected their timescales, it could drop anytime, though early 2021 is probably as likely as late 2020.

Cheers guys - good luck to us all.

darientaylor

Agreed, patience should eventually be rewarded here - I certainly hope so - I have nearly 100,000 of these.

Any news about the arbitration lately?

No more hedge and figures that may therefore play a bit better in the market as 2021 goes on.

All very strange.

And US politics could make the next few weeks pretty volatile for WTI.

Starchild

“Furthermore, we know that Trafalgar dumping c100m in August caused the SP to temporarily collapse from 3.2p to 2p.”

It is important to reflect on the origins of that Trafalgar dump because it tells you a lot about how capital hungry the ex-CERP assets are and begs the question of how much capital they have consumed to date. It would also be worth your while having a look at the old CERP BB because at any given time there was always a ramper-in-chief with a shopping list of good things that might happen, most of which never did. Don’t be next in that unfortunate line.

LTID

That would be very nice.

TRP-BPC

Are you in this for the “on or before spud” trade or are you in it for the drill result? And is your timeframe for T&T significantly boosting production really only six months?

Ivyspivey

Good point.