Member Info for spike912

Pageofcups. You are wrong. All you have to do is refer to the facts within the interim accounts. See rns. There is not $6mil. This is false Liscences will not also be automatic. They have to be approved via the process. There is nothing “automatic” about it. Please back both commengs up with facts/rns etc

They are not funded until end of 2019. Re Major all this people saying they didn’t walk as it’s not in an rns....it is also not in an rns they stayed to negotiate and why are MQ seeming alternative options ifntye Major was still talking. Come on.

Came out of bagr sometime ago Scully, could see it would stagnate until they get revenue driving contracts but will be a good long term play imo

I think FRR will be a good bet Pommy. Been there 4 years now when things looked terrible a few months ago. Funny how things turn! Farn will be static even more so after director buying recently now in a lock in period. Problem is so many with potential and you can’t be in all, I’m just hoping one comes before FRR so I can add more there! Clon, oex, or bpc need to come good for me ideally

Pommy let’s just hope we share the joys of our wealth together on some of our shares ;-)

Did look at that Scully couple of days ago but money tied elsewhere, but keeping an eye in there for a buyout. Have a look at FRR (where I’m collecting). Compare that with bpc, no brainer, revenue producing, MOU signed with Baker Hughes, NDA with another super major but already drilling themselves and funding themselves. Exxon in the area at the minute, if they are announced it will go ballistic

Scully no ;-) I’m collecting in a company that’s pretty much sealed a deal with Exxon (under NDA), and Baker Hughes (MOU), and super Major announced soon now Baker Hughes are doing the drilling. Still sub 0.55p. Soon to rocket. Taken position in OEX ready for next weeks news. Win win over there very quickly imo but as ever dyor

Scully, Glad your back in profit you deserve it after your troubles here. I sold out at 2.1 months ago but taken a small position back today just in case we get a spike or news for a quick in and out Our Pharma I’ve come out of as it heavily into another 2 o&g companies (one been in for years another this week), which is expecting some serious news shortly and other will remain static for this year I feel I’ve taken my position out of farn for now but will be back at about the same level your looking at Still in matd, will come good just need patience. It’s a hard market out there at the moment. Fingers crossed this will come good soon

brynjon That’s my point. No one knows. You could flip your argument and say the rns also does not say they have stayed and continued negotiations without exclusivity. There is a spin both ways on it. If all comes down to a very poor rns and no explanation from the bod which is the minimum I would expect to be honest. There is no clue a Major is still there hence MQ are looking at other options (as per rns). What happened to the other two majors too....surely if it as of bpc doing the other majors who missed the exclusivities would have been chomping at the bit to get back in. Imo forget the major, they went, if they were talking we would have heard rather than the bod allowing the sp to plummet in the meantime. My opinion only but we all have our own and respect that

Scully. Sorry mate that was said rather tounge in cheek ;-) re huge general buys. See bpc has had a nice rise, hope your still in over there and our other pharm one

Nothing is ever a formality with bpc. VCB whilst I agree in parts we don’t not know why the major walked and was this due to poor or lack of data, risks too high, chance of success too low, not enough confidence to make it commercial? This comes back to my earlier point, with potter burying his head we do not even know if the area is viable!

Interesting....$3.1mil is as per interim post raise for MQ. Fact. I can not locate the rns that says they have funds until the end of 2019. Please point me that way

From 17th September RNS. “All legal proceedings have been withdrawn so, after normal consultations, the next stage is for the Petroleum Agreement to be sent to Cabinet for review” Question is how long this procedure takes, weeks, months, years. Not as if it’s going to number 10 in the UK, this is Ghana. Sadly I have a fear we may drift down until the deal is ratified, then it’s fireworks

Looks like everyone wants to hold any rise until end of next week....but it’s ok I can wait a week for a multi bag ;)

Scully calm down mate they are hardly huge ;) this will only fly on ratification imo

Neptune haha. I give up here, that’s why so many people lost so much here. Pure niavity and burying their head in sand. And as soon as someone has an opinion they are wrong and accused with the classics, “scaremongering” “not invested” “cheaper entry”.

Scaremongering? Hardly. It’s all there via rns and for people to see. There should have been an operations update by now, simple, and investor call. This is the norm with many oil and gas shares. Not too much to ask really is it, for an explanation of what went wrong with the major for everyone to loss 200% plus, and our current financial position. Too many people buying their head in the sand and looking through rose tinted glasses. Happily discuss what’s actually postive about bpc at the minute but there is nothing. No drilling, no money, no EA, liscence about to expire, no partner, no government backing, poor cpr and low cos when drilling off shore at high risk and high fund requirement. Without a major this will never be drilled. They have had long enough and spent long enough and what’s moved forward? The issue of the application to the EA and a bit of data room work which ultimately has led to nothing. Again happy to have a frank discussion on the above, but if your going to accuse of scaremongering at least have a debate and back it up with valid points and facts,

EA submitted 7 months ago. Wtf!

$3.1mil cash as of end of June. Take out MQ fee, legal costs etc associated with major and work gone into that, salaries, operating costs and no revenue. How long will that last? MQ will be taking a 6-7 figure fee for sure from that.

Jim. Yes we will. This was stated by potter himself! Feel free to point me in the direction I am wrong? Happy to be corrected but this was made very clear months ago. I haven’t asked for MQ to give an uodate, I’ve asked for the COMPANY! Given it’s been months a major deal failed and not a word as to why! Not a word on the EA, not a word on what plans the bod are working on...is this not a fair question to ask, as all other shares have these updates. My point is, we have had no update on anything and this is shocking imo. Trust me, the next update will be dilution rinse and repeat from the greedy board