Member Info for Scully12345

Could go back up as quickly as it went down

It's 3.9p to buy here but I'll leave it due to cash burn

Big bounce past 50p looking like imo

No Investor not in IIP anymore, in FOOT now

Is this double bottom?

Relentless buying now at 32p full ask! Game in for a bounce? 31p is bottom. Well done anyone or bought at 31p (including me) if it bounces! Risky falling knife catch but might be profitable on AIM casino

Good luck Brainer

Loaded up for £18k here. Now waiting for the bounce imo. Should clear £5k profit today.

Just took some more at 31p

BezzyBushFire yes completely in agreement with you I too believe there are still discussions ongoing with the "major" and I too believe we will see a positive outcome in the s/p in the next few weeks / months. Indeed I've too acquired more shares since the last RNS. I too believe that had the talks stopped, the RNS would have said the talks have stopped. Imho gla dyor

Good morning happy investors, I've woken up with a spring in my step on this wonderful day and am feeling it's going to be a good day for our beloved BPC. Potential is huge here and nothing much has changed in terms of fundamentals. It is very very telling that we didn't reach anywhere near 1p which was the main fear that the derampers tried to trick us with. They said there would be much wailing and gnashing of teeth when the short squeeze comes. What's the downside risk here 1p? You reckon?? I reckon this is the bottom IMHO as any lower and the buys come flooding in. What's the upside potential 20p+ plus for me. It's a no brainer for me and anything below 2p now is a gifted price now IMHO. I know I'vd filled my boots. It should be a good Christmas this year if fhis multibags imo dyor gla

I've got a feeling we'll have another blue day!

Enjoy living in your little filter bubble DXB1 where only your opinion counts

Barnaby I would be going but I'm unavailable that day. I've read all of your views on this and respect your opinions. You're very open minded and don't go with the crowd...investors like you tend to do well. Was there a general consensus of which was the most porbable outcome or were all scenarios pretty equally weighted? No one favourite argument amongst you?

At the AGM the floor will be opened to the shareholder questions and some potentially uncomfortable ones could be presented.

It really does make sense to me that there would be no news because the original major, or a new super major, wouldn't want to break cover to jeopardise current negotiations with other parties as part of consortium based discussons. This is obviously a very senitive situation with some high profile parties involved. At least that's the theory. It could be that the major walked away because it saw the data and didn't like what it saw...but cmon the technicals have been independently audited right and are well within the parameters of what amy major would look for. They won't know anything else until it's drilled. So we know the major didn't walk away because of the technicals. It was the terms of deal couldn't be agreed (yet?), the table had to be opened up to others in a consortium arrangement to spread costs and mitigate risks, the major made a low ball offer and Macquarie Bank advised their client to reject, etc. The prize is potentially massive if this comes together and I think it will in the coming weeks. IMHO DYOR GLA

One of the deramping arguments that has been put forward is that the major didn't like the technicals. I refer you to the RNS from December 2017. The data has been externally audited and is as good as any major would want. The only way of proving commerciality is by drilling anyway. So that's that argument straight out of the window. "External technical audit conducted by Moyes & Co ("Moyes") indicates aggregate mean volumetrics assessed for the key structures in BPC's southern licences is a STOIIP of 8.3 billion barrels, with an upside of up to 28 billion barrels STOIIP. Moyes independently calculated the probability of success ("PoS") factors for each of the major reservoirs assessed, the majority of which were calculated in the 25 - 35% range."

I'm currently just really here for a trade but in terms of long term I think there could be a decent recovery play here but over what timescale and when would a dividend kick in to make this both a growth and income stock. That would be nice but there are better shares to invest in right now. Imho this could bounce to maximum 65p and very few are going to want to put money in above that figure with the recent memory thst it recovered from low 60s to mid 80s then dropped to 40s. It's a shocker really imo It may currently stand at 25% of the IPO price but that doesn't mean it wasn't overvalued on floatation. I reiterate strong buy at these levels though with possible 25% further downside. That's my view anyway but WTFDIK

Thanks onefineday yes I've set a limit of £22k and not going to get carried away though I think it's as safe as it gets on AIM casino.

Good evening all genuine holders - we've had no news since the RNS on the 24th so as they say - no news is good news! Plus the Bahamas newspapers are keeping unusually quiet. Have they been politely asked to hold out for the big breaking news of a consortium deal closer to the AGM? Add to this Shell's recent news about relocation of offices to the Bahamas - could they be the major? I think so. Is the AGM going to be the most transformational for BPC rather than the usual tickbox exercise? Remember on announcement of a deal this share could go in excess of 20p per share. That's a 10+ bagger from here. With Macquarie Bank on our side a low ball offer is not going to be accepted and they'll surely advise on the best deal for its shareholders. They're used to doing multi-billion £ deals and won't let that acreage go cheap. IMHO GLA DYOR