Member Info for rossannan

Starchild

“I hope those that bombarded negativity which became a self-fulfilling prophecy are happy with themselves for hurting LTHs so much, especially ex-LGO/CERP holders who have been affected worse of all in the last 5 years by dilution.”

Are you seriously suggesting that sceptical BB posters are to blame?

Starchild

You should definitely have done a deep dive, or been less selective, when you compared TRIN to BPC.

“I have not analysed TRIN’s accounts in depth so do not know its tax position”. Forget about BPC sitting on an $85m T+T tax offset for the future. TRIN is sitting on one of $226.3m (as per the 2020 interims).

“And there’s one potential huge asset BPC has that TRIN does not: monetization of its Bahamas licenses. The market currently values this and Uruguay as zero.” I suspect the market may have its reasons for doing that. But Starchild, you missed out completely what TRIN has in the pipeline offshore. For example, just Google “Trinity” and “TGAL” or “Galeota” (or, these days, “Trinity” and “Echo”). What Trinity has offshore are proven assets and what it is working towards is their development. Not exploration, not appraisal. Development. No wishful thinking required.

And if you do want something more speculative than that, just Google “Trinity” and “Cairn Energy” and “Jubilee”.

I’m guessing mid May, but could be earlier.

willec

So Saffron is now producing more than its initial 25-50bopd? Can you provide a link to confirm that?

NellyB

You’re not far off the mark there.

willec

25-50 bopd initially, presumably less now, if anything. Are you serious?

willec?

(this offer expires at 4:30pm today)

(I’m happy to treat an S2 spud on or before 20th May as being mid May)

willec

I have £10 for the charity of your choice if Saffron is spud in mid May 2021, as long as you have £10 for the charity of my choice should it spud later. Deal?

GG

Yes, but you then basically give us a list of assumptions. Assuming the worst can help you to protect your capital and past performance certainly encourages such assumptions in this case, but again let’s just wait for the RNS.

SvS

You’re welcome!

SvS

Apologies, it is undoubtedly tedious.

There are two things going on. First, I am calling in4cedros out for making stuff up about me urging a low ball placing:

“your sub 1p urging pre-drill (as a non-shareholding troll!)”

was how he put it. The last time I in fact called for a placing was when the CERP share price was over 4p (I wasn’t even posting when the share price was sliding down to or at the levels in4cedros is talking about).

The other aspect of this relates to his description of me as “a non-shareholding troll”. I’ve been clear that I don’t have shares in BPC and the fact that I live under a bridge is neither here nor there. So I am curious why in4cedros is well cagey about whether he had shares in CERP at the time of Saffron and whether he has shares in BPC now.

That’s it in a nutshell.

in4cedros

“the idea you just ‘gave up‘ on CERP and this meant you were no longer calling for a pre drill Placing wasn’t clear”

No, because you didn’t bother checking my posting history you have now been caught out making stuff up about me calling for a low ball placing.

“as a non shareholder taking so much interest in CERP”

I am interested, but not a shareholder, in quite a few companies. You never know when a company that you have previously researched is going to throw up an opportunity.

Why are you still refusing to say whether you had shares in CERP at the time of Saffron and whether you have shares in BPC now? You don’t have to be a shareholder to post about a company, not in my book anyway, but posters are usually happy to say one way or the other.

PipeDragger

But remember that TRIN will be in focus again next month when we get FY 2020.

BigBear2

The fact is that we don’t have the facts and that is what makes BPC uninvestable. I share neither Bohemia’s shortfall confidence nor Starchild’s irrational exuberance. My best guess is that when the BoD finally deign to clarify BPC’s financial position the current share price may prove to be just about right. But that is still largely speculation. There are basically these three takes on BPC and we know that one of them will prove to be right (though the odds are, as usual, stacked against Starchild’s), but we need to wait for the RNS.

in4cedros

“your sub 1p urging pre-drill (as a non-shareholding troll!)”

Sadly, the facts don’t fit your narrative.

As I explained before, when I started calling for a placing CERP still had gas in the tank and I was using CERP’s own figures to show the cash burn that meant it would not be long before Leo Koot had it running on empty.

But once it actually was running on empty and it was clear that Leo Koot wasn’t interested in proceeding with any margin of safety, I gave up on CERP and stopped posting.

This was towards the end of October 2019, when the share price was still over 4p. I did not post again until the end of April 2020 (to claim first prize in the Saffron drill result sweepstake).

Still, at least you were correct about me not having any shares in CERP at the time.

Did you have any shares in CERP at the time? I have asked you this a couple of times now, but you still haven’t answered.

And do you currently have shares in BPC? For the avoidance of doubt, I don’t.

in4cedros

How can you seriously suggest that the parlous financial state Leo Koot brought CERP to by running it on empty was anything other than detrimental to its shareholders?

Were you a CERP shareholder at the time of the merger?

Are you a BPC shareholder now?

No need for a dividend, just more of a sense of momentum.

That’s more like it.