Member Info for ShareScare

Roseanne "Too many people have put too many of their eggs in this basket. There are so many other opportunities out there. Spread your risk at the very least."

Do you have a citation ? Or did you just make that up ?

Do you have a link for that ?

Perseverance, persistence in doing something despite difficulty or delay in achieving success.
Mars, Roman God of war, most modern day wars have centered around oil resources.

https://mars.nasa.gov/resources/25473/perseverance-arrives-at-mars-feb-18-2021-mission-trailer/

Yes we all see "the pattern forming"

No mention of the false rumour from Bob Masters (Prolenses) about "LO dumping shares again"

They have been selling those shares every trading day since getting them, so to claim there is a sudden dumping of shares is a rumour the polar opposite of the one you site.
Or are damping rumours ok ?

If you lend me £10.00 right now I will give you £11.50 back in 4.7 seconds time

If you loan me an extra £5.00 I will give you £5.75 back in 4.3 seconds
I will also give you the option of giving me another £5.00 and will give you £5.75 back in 4.1 seconds.

Along with that offer I will give you a promissory note that may make many times its worth, I will allow you a full year to decide if you wish to take advantage of the promissory note that may net you millions in profit.

No thanks, said nobody ever.

"Overall, 8.3 - 28 bnbbl of oil in place has been mapped on various structures within the
3D seismic are of BPC’s four southern licences. Assuming a 25% to 40% recovery factor,
this implies 1.6 - 11 bnbbl recoverable resources. The focus is initially on the B North
segment of the 70 – 80 km long B structure with potentially over 2 bnbbl prospective
resources across the structure as a whole. This northern segment of the structure is
viewed as the lowest risk closure with a short distance migration from the adjacent source
kitchen and having a thick overlying sequence of deep marine shales forming an effective
top and lateral seal. The Perseverance #1 well, due to spud by end YE20, is targeting an
initial fold in the northern area of the B North structure with 0.77 bnbbl prospective
resources with an upside case of 1.4 bnbbl. A success would have positive impact on the
risking factor of the entire B structure. A rig has already been contracted and en-route to
the drill site; the well will be drilled in approximately 520 m of water depth. The well was
permitted in February 2020 and is independently estimated to have a chance of success
of 25-35%."

With a current MC of 94m not much in the great scheme of things

Anyone who gets in to any share based on a BB post needs their head read.

If someone knows someone called Geoff who knows someone who knows someone, I am happy to read about. I am happy to read about anything which is why I do not block people.

DYOR should be taken for granted on anything posted anywhere.

" then all of a sudden a miracle rumour "

The "miracle" rumour outdates everything on your list by at least 2 weeks

Have family in the Bahamas, but they don't mix with the right people

Only the same ones as have been posted here

Jdam, even if we hit 10 billion barrels of oil tomorrow, the deal will remain a bad deal, I guess they were in a pinch and did not have many other options but that does not change the fact it was a bad deal.

Jdam, "If it was April I don’t get why they would sell any mate."

They are a hedge fund, they have basically provided a loan with a 15% return guaranteed.
They have also been given warrants for 93,000,000, half at 3p and half at 4p which are good for 12 months.
They will sell the shares from the 2 agreements and still be able to gamble, using the warrants, if we wake up one morning and the SP is above 4p LO will exercise those warrants, they have the ultimate win win

All of you are wrong, they have millions in warrants at 3p and 4p that are good for 12 months so they already have their gambling stake, if the SP goes north of 3p or 4p they will take those warrants.
I would not mind being able to buy shares at 3p or 4p if the SP was much higher.

Plus the 187,500,000 if they make the call and another 90,000,000 in warrants good for 3p and 4p each.

CERP-84

"pursuant to the Call or Put, the reconciliation date for any potential future payment to the Investor by BPC is 16 April 2021."

No I read it as they have until April 16th to sell

Sysi, the number is not really the problem with the warrants. The call would be an additional 187,500,000 shares on top of the 140-150 million they still have. That is with the 15% guarantee and the will have until April 16th to get rid of them.
The warrants are good for 12 months and are 3p and 4p respectively and with the same terms attached ?

Harry agree, I suspect the next RNS will be LO TR1 over 3%

Icemax as far as I can work out the latest date they can make the call is Feb 12th, what I am not 100% sure about is whether or not they have until April 16th after taking the put or if they have to take the call as well. And I am not going to try figure it out as all the put and call stuff has to be spot on when discussing on here.