Member Info for ShareScare

This week up over 2%
This Month up over 18%
last 12 months up over 39%

Of course worse if you got in bad, better if you got in under 2p

Merry Christmas and a prosperous new year

Eggchaser the CPR irked me too, but I have now taken the view, that it was due in mid November but was not promised to be released in a RNS. Maybe they have kept it up their sleeve ? Or it might not be as good as anticipated.
The CPR perhaps is a backstop in what has been a hectic 2 weeks

Phijeer, I agree with the SC statement but honestly believe it was not meant maliciously. But indeed was the catalyst for the BB debacle.
I also believe this legal challenge is going nowhere now, apart from a possible temp injunction, and I would add to that if GP are involved their capital is worth more than 3X BPCs MC so I would not fully discount them having the $$ required to hand.
The bigger question with that is are they willing to go broke pursuing such a suit.

As usual great post

"Share price performance"
Up over 2% this week
Up over 18% this month

Money in the bank 1% after 12 months

http://re-negotiate.org/features/bahamian-prmarketing-professionals-are-demanding-that-as-diane-phillips-cavorts-with-louis-bacon-and-his-save-the-bays-political-group-to-give-our-beloved-bahamas-a-bad-name-internationally-she-mus/?fbclid=IwAR1PuxeuARuJmItRTlThVA_ONUee2Z-HTJ-7bQLk_yj0kSYJ_FiwtCU3J0U

NB post of the day

Willi they have been saying it for a couple of weeks now, nothing has changed, other than Harry temperament

Mark just to be clear, I do not think they are drilling. Possibly there for repairs as claimed. My reply to CC was to show the rigs are stationed off the coast at 8 mile point.

Phijeer Q1 2021 All your dreams may come true

Carscoffee they are there, also can be seen from google earth

https://bahamaspress.com/an-oil-rig-arrives-at-eight-mile-rock-grand-bahama/

I find it hard to converse with Irene because I do not know his/her back story.
I have not been attacked by them and have not attacked them.
But I have seen the many posts where that is the case between IK and lots of posters.

I do not like to make assumptions about a poster but I do run scenarios through my head. The reason being trying to get an understanding without having any facts. I wondered if IK was a LTH maybe as far back as CERPS ? I surmised that could be possible and perhaps IK got their fingers burnt ? Maybe not, maybe a more recent (than 10 years) acquisition of BPC shares.
I did speak to one guy who got in at 20p and you can imagine how he feels today. I mean its also possible IK has never and will never hold any BPC, that did cross my mind but seems the most ludicrous of the possibilities as that would be a lot of energy to waste on a BB.
Anyway I am not interested in other peoples opinion of IK, I would rather get the truth from the horses mouth so to speak, because then conversing could take place with a better knowledge of where IK is coming from

· BPC's geotechnical risk mitigation strategy for the drilling and evaluation of the Perseverance #1 well seeks to effectively de-risk each of the pre-drill risk elements - top seal, reservoir quality, oil quality and source rock presence/maturity. However, as previously noted, the primary objective of the well is to establish the presence and distribution of hydrocarbons throughout the targeted reservoirs.



· Accordingly, BPC has developed a comprehensive formation evaluation plan that prioritises the measurement, logging and acquisition programme to fit this core objective. Considerable attention has been placed on the reliability, robustness and configuration of the Measurement While Drilling (MWD) / Logging While Drilling (LWD) tool. This includes redundancy/duplication in the data gathering processes, and planning for tool assembly in all potential hole sizes. High bandwidth recording will be maintained downhole at all time to be retrieved at each trip/bit run to provide real-time drilling results.



· In the normal course of drilling, a full suite of logging and measurement while drilling logs (gamma-resistivity, sonic density and neutron) will be acquired, thereby providing formation data and a synthetic seismogram (sonic-density), both of which will be used to calibrate real time well data to identified seismic markers to correlate the reservoir targets and age each of the penetrated horizons. In all instances, formation evaluation while drilling (FEWD) tools will gather data on temperature, formation pressures, porosity (including fractures), oil and water saturations and total thickness of the potential hydrocarbon bearing reservoirs regardless of outcome - further augmented by a wide range of wireline logging and sampling should results while drilling be merited.

· The comprehensive formation evaluation data retrieved from Perseverance #1 can be utilised to update the pre-drill volumetric estimates in a successful outcome scenario.

It would not be so bad if he/she/it posted facts.
Share price is actually up over 2% this week
And up over 20% this month.

Yes PH, I have always looked at this as a binary share. 2 simple outcomes either we win or we lose, but a win would be huge.
They have done all they needed to do, the work put in is admirable. I just do not believe that this BOD would be willing to take this HUGE gamble if they were not confident so that is good enough for me.

Around 20 days to spud, drill results due early 2021

Buy and hold

Derisks the drill

https://www.lse.co.uk/rns/BPC/perseverance-1-cost-estimate-and-funding-update-b1jof123gltx7ug.html

https://www.yumpu.com/en/document/read/64836057/bahamas-petroleum-company-investec-buy

DBC surprised not to see KIST on that list, they will moon.

And be sure to thumbs down the video and leave a factual comment

Prospect, if he turns out to be right, I am moving to the Bahamas and having his babies :)