Top 4 posts last 24 hours25 Jan 2021 19:25
#1 Baroloboys "stop the chest beating"
This is my second post and response to this morning RNS.
It would appear that SP must of read my maiden post and verbatim used the principal point to update shareholders.This is my area and has been for 30 plus years.
You must do your own research and stop chest beating.
We are now day 37 of a projected 40/60 day TD
There is a particularly good reason why BPC wish to be a named party in the JR proceedings ( if they ever take place ) and that is simply this.
Koot in his merger interview discussed the fold b structure ,was the optimum test drill site with multiple multiple fractures.
BPC interest in the JR is not to recover costs, it is to assist the government in this joint venture which they now know is and has been a viable venture to date.why else would they want to be interested in an application ( which is nothing to do with bpc but is the environmental party action and that of the government)on day 37 if this is a duster ??? ( we all know there is some information in the technical room at this juncture yet to be disclosed )
The best of lawyers still have a duty to their clients and why pursue an interest? wasting unnecessary legal fees in something that is totally irrelevant to BPC,who were granted a certificate and environmental certification via an independent third party audit ??? Unless ...... there is a reason for future work ,development in this area involving BPC and the government moving forward.
The raising by BPC from LO . Simply put the company needed an extra 6-7 million to go into the Jurassic .
Again in line with the recent announcements, sovereign fund,stance on the JR and the timings to date tend to suggest to me in my opinion, there have been positive samples with conclusive evidence to permit the raising to enter the Jurassic whilst in situ.
Try look at the data and stop chest beating.
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#2 Carscoffee "Confidence"
I am still a believer in the fact that BPC would not have taken the Put from LO if they had no signs of oil from the early targets.
This fact triggered me to purchase an additional 10 million shares and I stick by it. Similarly the tweet would also lean towards a positive result.
The interview next week should be interesting and I think if it goes ahead we will learn a lot from the body language.
I am not one for speculation however I highly doubt that the BPC board would have gone forward with the financial deal with LO (which in my opinion will lead to bankruptcy in case of a duster) if they had not had early positive signs.
I may be wrong and the board may be risking any professional future by taking the funds however I find that unlikely.
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#3 Armatrading "insurance update"
https://ewnews.com/bpc-chief-slams-half-baked-insurance-policy-allegations
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