Member Info for SPECIALIST1

I will continue with your education soon - Meanwhile count your blessings for you have SPECIALIST :)

I donot need to prove anything to anyone. Also apologies as I have to go out for a while so forgive my tardiness in correcting you as a might be busy for a while.

Nope. Each field instead of being 1 large field in a license area can be made up of clusters with less than 200m barrels in each. Also in an M&A a contract to proceed is not signed. They pay for exclusive access to the books during due diligence and to stop competitors getting involved. Here there is no interest in BPCs book - only the data they have so they pay for the exclusive rights during due diligence which like M&A can either lead to a deal or not. Same principle

... and no you cannot make that assumption. There might in totality be billions of barrels but it is also feasible that it is not economically viable as each field will have less than 200m barrels and therefore digging for each field makes it uneconomical to extract. Only post drill we wil know that which is why you sell 80% of your holding before the drilling is complete.

Grow up. Many M&A deals have exclusivity agreements and if you walk away you have to pay billions of dollar not $1m. One which had to pay was AT&T in the US to T-Mobile after the failure of the deal - billions I said they paid. - not $1M. It is a norm in exclusive talks. Are you guys serious???

As I said this was a great day to pick stock up on the cheap. Put your emotions aside and you too like me will see that a deal is coming. There is simply too much noise around and there is no way the government extends the license then goes on a marketing campaign for BPC in terms of drilling and the fact that all environmental concerns are being dealt with if they were not interested in participating and extracting the wealth under their shores. Let the ones who think it is going bust short the stock - support them verbally in their actions to short - note the price and then remind them at double figures before the end of Spring.

We are indeed very lucky today as I hope the rest of you got a chance to top up like me to the detriment of novice traders who are governed by fear. Remember, never allow the share price movements to govern your emotions. The movements here based on low volumes have got nothing to do with the facts that :

1) licences have been extended
2) BPC is in discussions with multiple majors for a farm in deal
3) BG is now open to drilling
4) the largest natural resource in Bahamas after water is OIl

Share price weakness has shaken the novices allowing us to pick up this stock before the deal is announced need on the cheap. This is a GREAT day for us all.

Why? You are going to end up with 5 farms.

Would expect a bounce here.

So shorting at 3.3. Notes!

Then you cannot afford to be out of this. However we do need an RNS at some stage.

Now let’s get this stock to Green for the day :)

Therefore nothing structural. Should stabalize.

Now it must hold or another lot of sellers will appear. If so we will test 3 again today but then that will turn into a buying opportunity even for the day in my view.

That is a surprisingly strong start. If it keeps then obviously most new buyers holding for the end game and a hugely positive signal. I am very pleasantly surprised at the moment.

Should go lower today - if it does not it is obviously a very positive sign but the news is out and most who wanted to act on it have done. Short term weakness - key to see the level new investors come in following the profit taking this morning. Anything over -10% is bad news.

Consolidation now. RNS for the next leg up.

I donot disagree with that. The dynamics now are at a far more advanced stage than they were last August. Absolutely right on your analysis or risk now vis-a-vis last summer :)

True but already known :). For stocks to move we need incremental data points. Old events irrelevant no matter how much comfort they provide.

As I said before there will be no rights issue of discussions are ongoing. They will never show weakness while in negotiations on the terms of a farm out deal and any advisor including light-weights such as Macquarie ( and you can be sure they are light-weights) know that. So, no there will be no rights issue and if thete is one in the future before a farm out deal you can be sure that all majors have walked away and forget about your investments here. It really is quite simple.