Member Info for ShouldveSold

I think its important to read between the lines & have realistic debates so one is prepared for an RNS like that and not pin hopes on a fairytale outcome. Unfortunately realistic debates get reported & removed.

Some may of been hoping for the W.P.S numbers detailing the volume of non commercial & types of HCs found to determine whether P#1 was actually a success or not. I don't know if that RNS provides those answers or if one now has more questions than answers.

It will be interesting to see the cost of the licence renewal. I admit the renewal came as a surprise to me. The new target area will hopefully yield better results. But I note the "drill or drop" caveat. I am not gonna post how I have interpreted that...lesson learned !

I suspect Farm In confidence has not shifted for some, for others maybe. I won't give my opinion on it.

On the upside, with the potential production increase targets & a buoyant oil price, BPC may generate enough cash flow to fund the Bahamas DoD obligations. They may not.
The large sells yesterday....no comment.

I thought 000.5p was the floor,. After that RNS, I am not certain that resistance will hold today, let's wait & see.

TMWSDI5S

Lots of conjecture, interpretation & opinion posting of what makes sense posts today from reading between the lines. Which is nice to see.

3 more range bound weeks to go imo.

This message will self destruct in 5 seconds.

Interesting;

That important debate which occurred yesterday has been completely erased. Even though I didn't violate any site forum rules.

Well I will not fight a battle out of pride that I know I have no chance of surviving.

This tickled me " No Tuck I’m not clutching at straws - can you show me a post where I said P1 was a success or a gusher or 12p by December?
No -? Because I have never said it - however my glass is half full as opposed to empty because of what I read in the RNS and how I interpreted the words.
It’s really that simple....."

So, interpretation & forming ones own opinion & posting here is ok for other posters. But its not ok for me. Noted.
Piers has now adopted "my style of posting" and is using it against others. Lol

RE: Deltalo

I don't understand why you are concerning yourself with how others invest. But if you enjoy that, cool.

To your point; I have never questioned anyones knowledge base. However others do question mine. Seems like a lot of unspoken rules here reserved for older members.
Reading everyone's opinion is great. I find it educational. I have learned few things in the little time I have been here.
Evidently posting an opinion must be scrutinised by a select few for it to hold weight.  *shrugs*

RE: Petrodollar

I think there are single digit posters that I have counted that can have an open debate on here without using casting aspersions.
When I say "casted out" I am specifically referring to strong opinionated posters.

I disagree that the P#1 topic is not touchy subject. I have personally been told to " move on from it". Interpreted that as " stop talking about it until we know whether it was a success or not". 
Evidently there are rules here on what we can and can't discuss. 

RE: Deltalo

Cheers buddy. I think Tiburn may have sent the FCA an email to investigate me for market manipulation.
I need all the support I can get (._.)

So l amend my previous post of disagreeing of very poor management. It has been poor.

RE: mrc

I don't disagree with anything you just said.

RE: Deltalo

Is that a "1" purchase code I see in recent trades.

RE: mrc

I disagree that its " very poor management".
The BOD today are very different from the BOD who chose to make investments in Tanz 10 years ago.
10 years ago Scirocco wasn't an energy company, it was "special purpose investment vehicle" loool what ever the hell that means.
Any CEO we have had since then, has had to try an turn an unmonetizable asset into a cash generating one. The problem is none of the investments NR had the possibility of maturing for 5+ years. If the Tanz gov were motivated and were committed it may have been a different story. Scirocco are locked into these non cash generating assets. The only way out is a Sale. That means Scirocco either has to take a loss and sell them cheap. Or hold onto them until the Tanz Gov are ready and a major/midcap can take ownership and generate cash immediately.

RE: mrc

Lol sounds like conspiracies & tin foil hats to me.
Maybe ftse100 stocks are a better place for you to invest in.

RE: mrc

I am assuming you are still choosing to invest in AIM stocks with this belief?

RE: Aimster

The way you write messages is as if you are the most intelligent person here and if anyone has a different opinion to you, they are dumb.
I would love for you to be able to just debate your point with sound reasoning. And when someone else argues the point and you learn something or it makes sense, or even if they highlight something you hadnt considered, acknowledge it. Even if you don't agree.

RE: burningdown1side

So if no matter who was managing the company, no BOD's have managed to get the business to work for 6-10 years what does that suggest to you?
• the every BOD of been incompetent?
•Or the assets are unworkable?

The company outlined the plan. Thats why we all chose to invest, because it sounded good. What nobody factored in is the time is would take or having to deal with the immovable Tanz Gov.

RE: willec

*correction*
"IMO the market has priced in a $130m in capital raises and capex, with ROI of 450bpd."

I meant an asset generating cash flow of 450bpd minus opex.

RE: willec

The jury is still out on Potter for me.
From what I have read & understood is; BPC inherited 100+ Wells from CERP, which already had established production rates of 220bpd with a peak of 517bpd.

Has he brought any value to those assets which Leo wasn't already providing? Or would have provided was he still here? IMO no.
Is he going to deliver results which has been outlined today? We shall see.
Would Leo have delivered if the merger didn't happen. Who knows? IMO he was a far more competent CEO and had a proven track record.
Potter doesn't have a record yet. I searched for his accomplishments and discoveries he has had in his career. I couldn't find anything. I don't understand how one gets a CEO role without a track record  :S

RE:mrc

No competent BOD or company in the world would pursue business model that didn't seek a return; whatever strategy they execute.
Helium is a vital commodity which is scarce. Having a deposit/field of a helium is a very valuable asset. But as I have debated on here; is dependent on route to market.
If the Rukwa field had a pipeline, a company would of bought Scirocco out long ago. Scirocco wouldn't of been able to buy a stake in HE1, because a major would have snatched it.
This is just a waiting game. Again NR made an investment in which an ROI was years away.

RE: mrc

Blimey, they are gonna skin you alive for that post.

RE:willec

I'm sure StarChild will post a message tomorrow morning which may answer this question for you.

RE: mrc

Regardless of guidance, we will have to wait for drill results which is over a 12months away.
Being as the helium is evidently freely seeping out of the ground, I doubt flow rates will be an issue. However for me this raises the question of a a reservoir seal, which could have negative consequences.