The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Koen
Thanks and no probs. The whole board of late has been the same repeated crap, Copy and pastes of context twisted to suit differing agendas. To us simple folk it is what it is, done my own DD, invested back in March have understood the risk and have added to my position as I've seen fit. Not taking food off the table by all means, then again have a sizeable investment I would prefer not to lose. I would be a relief one day to come on here and read discussions on BPC as a whole. After the results this may be the case Best of Luck
Koen
Thanks for clearing this up (although rather abruptly) Im to take it that regardless of depth various layers, reservoirs, traps etc that we may drill through the overall Cos in finding oil in this well is 35%. The 35% is based on 2.2 billion barrels.
Not being thick on this (ask me any advice on Construction I could help you out ).
Had always seen this as a gamble all AIM is, but either way as it stands at the moment someone is offering potential 10/1 odds on a 3 (35%) horse race on SP if we hit Oil. If we don't someone is covering my bet in other assets.
I clearly can't use this board as it was intended, Wish you all the best and suppose only time will tell. Will get back to my AML
Rossannan
Once again thanks, but to be honest really confused now. The holes being potential finds we can agree The size and balls landing in these holes the CoS we can agree. The amount of balls in each hole be the commercial success, we can agree. I just don't understand the 50-50 chance from the flipping of the coin, that must represent the people that want to drill (roll out the balls ) or those that don't want to drill (not roll out the balls )
Guess it's back to just reading up and drawing my opinion from there
Thanks again for your time
Rossannan
Once again Thanks for your reply and time you have taken in your explanation. I can only refer back though what I read in the CPR. Taking your example the flipping of the coin (roll out the golf balls or not ) this would resemble us drilling or not of which we have. The several holes and their sizes resembling the Target Levels and CoS of the ball going in (referring back to the Report)
Structure B (made up of stacked Reservoirs)
Top Cretaceous 26% CoS
Top Albion. 23% Cos
Top Aptian. 35% CoS
The Report does not take into account potential finds in Stratigraphic ,Tertiary traps nor Jurassic Sections. If we take BPC 2D - 3D logs we pass through numerous layers all with a potential.
So as the bucket of balls were rolled out on the 20th of Dec it looks promising that we would find balls in not all, but some of the holes.
Thanks again in clearing this up
Rossannan
Thanks for the reply. P12 refers to Albian/Aptian on one horizon only @ 25%-35%.
Yep read this Technical Report from Moyes a few times, and each time it reads the same, plus Potter indicated this by his dead cert remark. Both B and C structures are made up of stacked reservoirs each with a PoS of 25% to 35%. The depth we are drilling shall pass through several of these levels each with their own individual PoS, so with this the percentage would accumulate at each level, in comes the statement of Dead Cert of finding oil , what is left is at which level would give the best commercial success, Again I may be wrong only reading what is says in the report.
Happy New Year to all , the good, the bad, and the ugly .Talking of ugly, Titan mother of Selene, (Proselene or by Greek mythology Selenes ) Strange how as one left the other arrived full of the same.
All the best in the New year, and may it be of good health and wealth to all, at the end of the day we are all here for the same reason what differs is the way we go about it .All the Best
HL did exactly the same last week it auto corrects after a bit
Suppose your right.
Question as the Drill progresses obviously testing and results ongoing TH procedures in place,( general PI not knowing until drill testing complete). Do you think the Major that paid exclusivities money to the data room will be informed on a preferential agreement.
1980
Spot on. What was there to loose P1 well under way, other assets funded ready to commence. I for one won't be going to bed Mon night checking the alarm clock is set.
Hi
Not great at posting, but love the reading. Been here since March, plenty of ups and downs. I think the movement over the last few weeks says it all. You never know my small investment may turn into being able to order one of these by the end of 2021. Hope you all a very Merry Xmas Best of Luck
Tonsan if to me, Exactly today was terrific, Court matters now gone, all positive Merry Xmas
All things to one side, after another one or two of these home made Baileys I to may fall into the category, of being thick as I struggle putting words together. Not been on this board as long as some, but in that time felt that I have grown to know most of the regulars, be what ever their agenda, All have a great Xmas enjoying as best can (dependant on your location and restrictions) Another hurdle crossed the drill keeps turning, imagine the scenario BPC find oil, the courts decide against BG, BPC then looking at 2 bill compensation on the licences. JUST AINT GOING TO HAPPEN. MERRY XMAS best of luck.
sorry 1.80 p sell 3.00p buy
One the note of Tightened Spread.Is it just me or HL struggling 1.8p buy 3.0p sell
Cheers Harry
That may work for Part 1, but for Mr Potter to fulfil his lending strategy, he surely has to one way or the other make sure the SP is well North of 2.3p by Year end by way of positive PR .
Have a question on the recent funding agreement, please don't shoot me down.
On the time the funding agreement was drawn BPC SP was above that of 2.3p, shares would be issued to the investor at a rate of 2p to the value of £7.5 mil with a guaranteed return of 115% = 2.3p per share, that was part 1 or the agreement from 17th Dec. Parts 2 and 3 of the agreement to be drawn within 10 days of spud (20th Dec) allowed further optional funding of £2.75 mil x2 . Question is with the SP now falling under the guaranteed price of 2.3p and possibly lower than the share price of 2p (touch wood it don't ) how can parts 2 and 3 be considered, and after the 10 days that part 2 and 3 expire (NYE) it would be end of, have I misunderstood something. the investor could request repayment 60 days from spud, if his avg of shares sold does not give a return of 2.3p additional payments in shares is not acceptable. hope this makes sense.
All the moaning going on has anyone noticed the SP creeping back up
She’s on the turn will end blue today
16 out of 435 was this put to Congress, or just targeted from Florida