Member Info for ShouldveSold

RE: Piers
You came back :,)

I was a big fan of Leo. He came across very personable and met & engaged with Share holders at AGMs & presentations.
I understand because of Covid its impossible now and Zoom is the only way. But I am yet to see a side Potter that I like. The jury is still out on him being a good CEO.

I have just recalled StarChild also titled a post Penny Has Dropped a few days ago. Oops. Unconscious plagiarism (._.) Honest mistake.

Ah haa......Reading StarChild's post this morning, I'm pretty certain I now understand why you guys have chosen which side of the fence to stand on. Where as I am still sitting on the fence.

*1. ….‘In the event of a discovery arising from [Percy-1] a separate CPR exercise will be undertaken.’ ….*(please read the whole paragraph)

So; some of you are classing the discovery of a W.P.S as an actual oil discovery and thats why you see it as successful, because the well encountered oil, ergo: Oil Discovery. And referencing [1] assume a CPR is being done on P#1. 
*slaps forehead*

{I do understand StarChild doesn't speak for everyone and you all have your own opinions}
(Paragraphs from RNS)"Whilst the well encountered oil, indicated from LWD (Logging while drilling) tools, gas chromatography and mud logs, commercial volumes of oil have not been proven at this well."
The validation of a competent seal, good reservoir quality, charge and the presence of oil **points to significant hydrocarbon potential remaining in various [independent,] untested play systems and structures within BPC's extensive acreage**
I think I get it now.

So because the well drilled through the majority of the target structure and it encountered the presence of oil. You guys are classing that an outright discovery regardless of commericality or OIP.

The W.P.S means bread crumbs and some of you believe all BPC has to do is follow them to find the commercial deposit & the analysis of the data is doing just that. Mapping the bread crumbs...

Have I got that right? 

RE: Harryoffdock

Optimism is permitted here. Please make your way to the camp on my left and I shall put a couple of sausages on the barbie for ya.

RE: Harryoffdock
Yea, maybe he's waiting for the 6 IT Wells to go into full production so we have the highest numbers possible.

I trying to guesstimate as to where current daily productions rates are.
The January the RNS stated 500bpd had been achieved in December but did not confirm 500bpd was being achieved every day.

The work over rig boys are no longer getting tea breaks and so I presume their efforts have been included in the 500bpd peak figure. So lets say a conservative estimate of 400+ per day.
I read from the Predator news that they only have projected estimates of circa 350bpd from the initial 3 Wells.
3 additional Wells are currently being Swab tested. (as of Feb 15th)
It doesn't say when the first 3 Wells will be put into production nor the following 3 Wells.
So current BPC daily production could be as low as circa 400bpd. It could also be as high as 1000bpd.

I am interested to hear what you guys think it could be.

N.B
I'm not a fan of the way Potter writes these RNS's. It reads as if he likes highlighting how crap CERP was run by Leo & how much better the company is running now he is Top Dog. I also noted the "Logging Whilst Drilling" paragraph about P#1. So he does have the data lol sneaky little scallywag.

RE: 21alpha

You don't have any opinion on it? Or any thoughts on where it could be?

RE: 21alpha

What's you opinion on BPC 's current daily production?

RE: 21alpha

I believe its called Plausible deniability.

RE: 21alpha

I understand there is a hierarchy here and you need to be a member of the old guard for people respect you.
I accept that I am the new kid on the block & some of the old guard have decided to group together and throw tomatoes at me and point & laugh at every message I post because I think differently.
It doesn't phase me. Its water off a ducks back.

If you want make valid points and base your argument by explaining your opinion, I will debate with you and explain why I disagree.
If you want to crack jokes, l'll crack jokes back. I have a sense of humor.
If you are making decisions today based on what your Sgt Major told you in 1979, ok, I accept that.
If you just want to stick to trolling, I'm ok with that too.

RE: 21alpha

I tapped on your username and scrolled through 3 pages of nothing but trolling. There is 1 post on page 2 in which your state an actual opinion that "the oil is there". But that it.
I think 3 pages of trolling is enough evidence to support my accusation.

RE: 21alpha

I will add that I haven't read a single post from you that contributes to the topics or adds any point of view or value. Its all trolling and insults with no explanation.

RE: 21alpha

Just for that, I'm not gonna bbq any sausages for your camp.

I'm just going to put flag in the ground here between the two camps and say;

•I want BPC to find oil. Thats why I'm invested.
•I wanted P#1 to be commercial.
•I want BPC to announce a JV free carry & target for P#2
•I will be happy when Saffron is generating enough cash flow to pay for P#2 if BPC doesn't get a free carry.
•If BPC decide there will not be a P#2 because its not in the best interest of the business. I am ok with that.
•When I initially started investing many moons ago, I needed a fairytale to buy into, to believe in. Now I use sound rationale and base my opinions on investing lessons I have learned.
An RNS outlining the promise of things to come doesn't always lead to success. Projects can fail. Disasters can happen. Deals can fall apart. Investments can be lost and never recovered.

Thankfully BPC have Saffron and producing Wells in T&T. Even without the Bahamas we have the Suriname discovery. So even though the share price is in the basement, I am 100% certain we won't see this SP level again.

RE: Tiburn

This thought just popped into my head. " A W.P.S is a smoking gun". Its evidence a bullet has been fired. Where that bullet landed or whether it can be recovered does not change the fact the gun is smoking.
Is that a fair assessment? Or a silly summation?

RE: Tiburn

Lol I did say that. What I understood from my debate with StarChild is that for correct conditions for oil to be produced, a W.P.S must be in place.

RE: Tiburn

I had the W.P.S debate with Starchild, which cemented my stance. I believe we both settled on the opinion that just because a W.P.S is confirmed. It doesn't mean commercial quantities of oil can be found or flowed.
Feel free to read that debate.

RE: 21alpha

So we are agreed? I am a Wally because I don't agree with you beliefs, not for any other reason.

You can't have someone on your team who doesn't follow your orders or questions your logic I guess.
I'm ok with not being on your team.