Member Info for Spiritefan

Not sure if this but lack of Columbus personnel on the Board (just 1 non-Exec) indicates BPC calling the shots. The RNS release by Columbus in April (6467) indicates impact of COVID whereas we locked down without any real financial Stress. I think Columbus was looking for a way out which if correct, is good new for us .

I think Potter is a very canny operator. Yes it’s taken a long time to get to where we are but despite the many and varied obstacles thrown at the project, he and Eytan have got us to a position where drilling is in sight. This is a speculative play in Uruguay but at a peanut cost, which we can afford to pay because we’ve got the funding for Perserverance sorted.

We’re getting closer to the first well every day!

Starchild, I think one thing we can all agree on is the option of buying in at 2.5p has gone. Great analysis of OMJ(D).

The key phrase in Oil Man Dim’s latest missive is “The special trading course explains all about how to do this.” This is a sales pitch. As Bonum has identified, he’s normally spectacularly wrong about BPC, not least when he announced it would be impossible to raise more funds the day before the Bahamian investor doubled its investment. He fails to understand that if oil is discovered, the means to the end will be irrelevant.

The 87p figure originated on the old II board which was ruined by a mixture of New technology and dubious posters. Many moved to this Board and/or to the FB group, but the 87p party In the Bahamas invites remain available to all !

Possibly, but I’ve only been a shareholder since 9am yesterday and it all seems pretty good to me! Have a good weekend all!

Just made my first purchase here. Had to pay 3.25p for 100k.

Thanks Bonum. Very interesting video.

Bonum/ PetrolInvestor, I’m a LTH at BPC but have seen MATD mentioned and been reading up. Can you advise status of the drilling programme for 2020? I’m also looking for 2019 annual statement. I’m likely to be putting my toe in the water tomorrow- seems an exciting prospect! Be grateful for any assistance SF.

IK - I must have missed this. Am I eligible??? Your friend SF.

I’m a LTH here and have bought a significant number since March to lower my avg. On June 1st we had an RNS ( but not shown on LSE!!) detailing results, issuance of additional shares and future plans. Shares shot up again after big rise previous week. Now they are going down. Some will be making short term profits and good luck to them. However, the fundamentals haven’t changed and as I still believe in the project and the Board I will buy more at circa 2.5p when funds permit.

Large write up in Business Section of the Times today, pages 42-43. An extremely hard working and successful family. The Group generated £1.2 billion of revenues in 2019.

Laallee, nice response mate!

Careful mate! I’ve just finished strimming the garden here on wonderful IoM and having first of Several cold ones. Sky and sea are blue, bbq tonight and all is well in the world! I’d love to send u a photo to dispel your image. You’re right about housing costs tho! What a day!

Starchild- don’t forget the Isle of Man, where conveniently, BPC is registered. In addition to no CGT or IHT, there is a 0% Corporate Income Tax!

Starchild, excellent post which makes perfect sense. Thanks for sharing this excellent research and conclusions. There is speculation that failure to reach a deal with previous cash strapped rig provider was that BPC had to pay significant amounts upfront. Clearly the new deal with Stena is much better and provides additional opportunities for cooperation that go way beyond drilling a well. Thanks for sharing.

Don’t forget that some of the financing options are dependent upon the sp being +2p. Expect a stream of RNS’s to boost confidence ahead of payment of $2m in September.

Which shows how oil has lost favour recently, as we.now have a signed contract and the finance in place, although more favourable terms are still an option. A lot of PI’s chasing Bio-tech stocks and appetite for oil exploration has waned due to economic uncertainties. I’ve made a bit out of AVCT but I will be selling and buying more BPC. The next payment of $2 million will trigger a jump and I’m anticipating a gradual rise through the summer months to a 7/8p pre-drill price. GLA, exciting times!

Trek - I’m curious too. Your post got me into AVCT so I’m in your debt but surely we now have more options than previously was the case?