Member Info for Spiritefan

5-6p

Hopefully! 150,000 @ 2p about 9.20.

DMS - Stena Forth has been contracted to Tullow for drilling off Suriname, according to recent press release, so we can cross that one off the list of possibles. IceMax appears to remain firm favourite.

Zebra, as stated in the RNS, today’s issue of options were from those agreed by a massive majority at the 2019 AGM. The strike price was set at that time. So for people to be surprised when the options have now been issued is in itself surprising.

Excellent point with relevant research and information to support the statement.

JBT I’ve filtered her(?) a long time ago....

Agree with JTK. I bought 97000 at 11.23.31 @2.089 to round up my free “CERP Arbitrage” shares. Happy to await further news in next 3 months.

Ibiza, as commented by a LTH earlier, the BPC Board is Not known for information overload! They have been advised that this is frustrating for us, but they issue RNS’s only when there is a legal necessity to do so, or a significant event. They did issue several prior to lockdown relating to procurement of drilling equipment and some posters criticised them for their alleged triviality. I’m sure there will be updates very soon, starting with payment due to Stena in 3 weeks.

They should do. I sold 700k bpc to fund 1m Cerp so expecting 803,000 new bpc shares today. I’ve just checked my account and cerp shares showing nil value but no sign of new shares yet.

Apologies: .”.. over the years.”

Caribbean Oil. Active in many other regions Over the regions. Big discovery off Mexico about 3 years ago.

Jim, a question was asked at end of AGM as to whether the merger would result in cheaper finance costs for Perserverance. Eytan didn’t give a specific response but Simon commented that the spread of assets would remove some barriers to such discussions.

IK - will miss your wit and incisive contributions. Why not make it across to IoM for next year’s AGM? I can guarantee a warm welcome! Stay safe! SF.

A point that was made this morning and why I voted “no”. If additional options are for new (CERP) employees who will have no part to play in Perserverance then the strike price should be higher.

If we don’t think price will exceed 2.8 not much point in holding shares here!

They weren’t free shares, they came at a cost of 2.8p. More expensive than opening price today. However, it was suggested at the meeting that a higher price would be more appropriate.

Hi Razorman, I’m a LTH here and have recently bought into CERP. The funding is in place, latest announcements indicate facilities of up to $45m have been arranged. It is hoped an element of these might be renegotiated prior to drill. Contract with Stena is signed and large payment due early September.

Just joined the ranks here with 1m, fully paid for by selling 700k Bpc. I’ll be voting yes to merger from both sides! Gla

Jim - we may disagree on a few things but that’s an excellent post. Good luck to all, no matter if you intend to vote yes or no.

Jim, obviously you have your views that I respect. Imo, the Board have overcome various obstacles to get us where we are, I.e. on the verge of spudding first well. You may have forgotten the CEO took 90% of his salary in share options for 16 months when cash was tight and wrote off $2 m of pension entitlements. To drop him at this stage would be a very poor response. Even football managers are shown more loyalty!