Member Info for Spiritefan

https://twitter.com/mylesmcnulty/status/1497227777896026116?s=21
BMN starting to attract real attention

Everyone keeps suggesting we're going to break through the 5p level but it never seems to happen...

Any option holder can exercise right to purchase shares at agreed price at any time. Nothing wrong with that.

.....and no debt.

Funding terms are much better than previous deals. Obviously it’s dependent on production from S2 commencing, that’s a given. As more wells come on stream this trend will continue.

Can’t buy under 9.1 now

Just bought another 20000. 17.6p cheapest , just clicked up a tad.

Thanks Mick, I was thinking more about the benefits to PRD. I’m invested in both.

Later today the outcome of BPC’s latest OO will be known and by opening bell tomorrow the placing for balance of shares on offer. Assuming it’s ok drilling of Saffron 2 on T&T commences on 26th. Does anyone know what if any consequences there are for PRD’s CO2 supply contract?

Bridgedogg, I think I get that but by advertising their support for OO the Directors have given confidence to the market today. What I don’t understand is why they released the extension of the closing date without the positives regarding Director purchases and the ongoing preparations for Saffron2. But wtfdik??

The whole point of an OO is to raise new money for the Company. If Directors bought shares in the market the money is of no benefit.

No , but I am a Spiritefan, (i.e. a supporter of Chesterfield FC) as opposed to a Spritefan ( i.e. a person who enjoys a tasteless carbonated drink) ????

Fatal, we have both been around this share for many years, including the old and now defunct II board. I assure you Starchild and Uncas are not the same person.

So have I.

I invested here a few months ago after being alerted by Petro on the BPC board. What’s happened to him?

Firstly, I think it’s poor that we find out via a newspaper and the Company has not made some form of statement. However, as I believe BPC has a watertight agreement re it’s licences, a court ruling will bring clarity to the situation, which will be to the benefit of farm in discussions and it’s quite feasible that this development has been influenced by a potential farm in partner.

BPC are +38% as I write and even MATD are having a good day!

I agree with Tuckman re the Bahamas. We gave it our best shot and hopefully the data gained will be of value. To commit significant funding in preference to developing other assets would, imo, be foolhardy.

Apologies- Zag! Typo.

Zak, let’s try and be factual. Simon Potter does not earn £1 million pa. His original contract was in the order of $1 million after he was hired by Alan Burns, a man who knew a bit about oil exploration. In 2016 when cash was tight, he deferred 90% of his salary and for 16 months worked for $100,000 pa, the balance being due in shares. In 2018, a new contract was agreed at $350,000 pa, at which time he wrote off $2m of deferred pension and other entitlements. This was clarified with shareholders present after the 2018 AGM. In lieu of salary he has accumulated a ton of options but if he makes money out of them so do us LTH’s.