Member Info for Starchild

In just over a week we will know if the merger has been approved by both sets of shareholders. If approved, in my opinion the BPC SP will significantly increase and the CERP SP will mirror the BPC one at around 75-80% of the BPC price. (based on 1 CERP share conversion in August equalling 1 BPC share @ 80.3%.)

I believe the market cap/SP will substantially increase for the following reasons:
1. The markets like stability.
2. Private investors who got spooked may wish to return.
3. Institutional investors may want some of the action for the long-term. Separately BPC is too risky and CERP too small. The merged entity is in the goldilocks zone.
4. The merged entity will have funding options far superior to the currently available highly diluting CLNs. Today these CLNs are the ‘worst case’ benchmark to raise capital for the Bahamas Persv-1 drill. Refer to my post 9/7 at 3am re the BPC email.
5. The company will likely have access to corporate financing such as bonds and non-convertible loans using combined assets as security. A secured mortgage/loan for 3-5 years is much better than a CLN which triggers the regular selling of shares in a short time window.
6. BPC engineering expertise could increase productivity in CERP assets.
7. Leo Koot will join the BoD. As I’ve stated before, there is a possibility Leo will become CEO after Simon Potter retires (eventually) a billionaire.
8. A farm-in will still be on the cards.

I also believe the SP will SURGE as news-flow leading to spud is released over the next few months. (refer to proactive presentation Feb 2020). Even more so with jam on the butter, if (a) news relating to CERP assets is positive, (b) PoO increases to the +/- $50/b range, and (c) positive Covid-19 developments.

These are just my opinions based on documented research and observations. DYOR and get independent advice. Always click on the prior postings of someone on a forum. I am a long-term holder in BPC since 2014 and more recently CERP. I am not a day trader.

Have a great day

Starchild

Investo123. Here's how it works although get advice other than me. Persons with direct market access (excluding auto trades based on algorithms) spend a tiny amount of £££ to spook unsophisticated retail investors who do not have a 2nd level console to buy or sell thinking price is going up or down. Get a 2nd level console and real-time prices to see the game played. You will also know when sells are actually buys and visa versa.

Starchild

Key ‘back to basics’ questions/observations:
1. Why would the CERP BoD unanimously vote for the merger and themselves out of a job? And potentially worse, to be paid one year’s severance in BPC shares?
2. CERP BoD were advised by VSA Capital Limited as to the financial terms of the [BPC/CERP] Merger. In the proposed merger RNS 11/6, ‘VSA consider the terms of the Merger to be fair and reasonable.' Yet on March 31 2020: ....'We [VSA Capital] reiterate our [CERP] Buy recommendation and target price of 21.6p/sh'. ...source: https://www.proactiveinvestors.co.uk/companies/news/916212/vsa-capital-market-movers---columbus-energy-resources-916212.html . VSA Capital are a very reputable international company https://vsacapital.com/people/ and NOT a pump and dump boiler room outfit, seducing investors with a CERP outlook of 21.6p and within a few weeks recommending a merger TEMPORARILY valuing the SP at nearly 90% less!
3. Why would a pension fund (Mersey) and investment institution (J Finn) declare >1% holding in BPC? They could have bought a few thousand shares less and stayed under the radar.

Why? Why? Why? Because they believe in the merger, believe it will happen and believe a combined BPC/CERP will have access to capital markets/bonds/JVs to guarantee the drill for Perv-1 WILL happen without massive future share dilution. And they still believe despite no RNSs as yet. Today BPC is too risky and CERP too small but this will change after the merger. It means we (BPC) get our massive Bahamas billion dollar drill and we (CERP) get capital to find more oil in CERP acreage.

I too believe the merger is an excellent visionary move, despite no RNS (as yet) spelling out funding options. But don’t listen to my opinions as stated in my posts on this BB since 11/6, listen to theirs if you so wish. It’s up to you. DYOR.

Starchild
(PS: I’m a LTH since 2014. If I sold up now, I would still make a large capital gain but have chosen to stay on board for the mega spud.
xxx

The day Bully1985 gets on board is the day the share price is low enough for him to decide to buy until the next time he decides to sell followed by FAKE NEWS. Repeat previous. This guy should in my opinion be banned and prosecuted.

Armatrading: thanks for the link of the actual presentation. I listened again this morning and a few notes/opinions presented below.
I think the bubbly Christine Corrado did a very professional job hosting the event. In her intro to the BPC presentation, I found her reference to ‘frisky action on BPC BBs’ interesting. Had I been the host, I would have used the expression. ‘constant negativity on the LSE BBs, led by a handful of persons bombarding the forum with fake news and fear, for short selling purposes.’

I thought Eytan did a great job in the time available and under the legal constraints he was under. Key points:
1. CLN funding rescheduled and available.
2. Uruguay potential huge. Less than $1m obligation to spend over next 4 years to get initial tech intel.
3. Multiple catalysts for news over next 24 months (9-24 CERP). [Day traders think about this, you could make a fortune over next 2 years playing long/short, if the merger happens!]
4. The slide point, ‘A business attractive to institutional / LONGER-TERM CAPITAL sources’, re-enforced my opinion the CLNs may never have to be drawn upon in full, if at all.
5. One of Eytan’s 4 roles is to get institutional investors over next few months. [ Remember he has solid CFO experience as well as ‘marketing’. CFOs tend to be a bit nerdy, he is not and a very good presenter]
6. Bahamas project robust even at $30 PoO and profitable even if only 200mbboe are found.
7. Funding strategy in place, however less expensive alternative sources of funding will be a possibility post-merger and discussions have taken place.
8. Farm-out still a possibility. Eytan implied there is more than one potential partner interested.

Watch again to glean your own opinions compared to mine: https://youtu.be/ltxAmE9vxX4?t=5746

Starchild
xxx

Willec, yes. See my commentary in my post first thing this morning below after I listened to it again

Willec, you are not missing anything. There is a handful of persons trying to lower the SP by bombarding the CERP and BPC BB with negative posts. That's all. They don't care at what cost to others or persons pension funds. It's about making a few bucks at other people's expense. Hold the faith.

Starchild

Bonum under alleged different aliases has been bombarding the BPC and CERP forums with FAKE news and allegedly misleading posts in an attempt to derail a planned merger and is shorting our shares since approx. 12th June.

It is alleged based on where he is posting today and the similarity of style content he is currently BeObjective. However, it is alleged he has been……..
Bonum
MANTAS
Ironside1
CBCB1

Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.

Feedback about this poster welcome. If you agree share forums should be regulated from de-rampers or rampers that post absurd claims, please post on BPC forum.

Starchild

There is a small group of persons on this forum who consistently speak negatively about the merger, the BoD, and at times the company. They appear to be delighted when the SP twitches downwards. Some have even openly questioned the integrity and honesty of the BPC BoD. They have done so………..
1. Despite both BoDs (BPC and CERP) unanimously voting for the merger.
2. Despite a recent excellent BPC presentation explaining the strategy in full which practically discloses how funding will take place without spelling it out for dimwits. Watch https://www.bpcplc.com/videos-interviews/ (26 mins top left of page)
3. Despite the opinion of ‘Malcy’ (Malcolm Graham-Wood) considered a global expert (29m-33m)… https://total-market-solutions.com/2020/07/06/malcy-talks-oil-gas-xxi/
4. Despite a financial investment institution (J Finn), a public pension fund (Mersey) and a HNWI who all invested in BPC and undoubtedly have access to the cream of investment advisors. They do NOT appear to have concerns about massive SHARE DILUTION!!!
This SMALL anti-merger group purports to know better than the all the above and has repeatedly questioned whether BPC has funding for the billion dollar drill, with demands the BoD proves it. My opinions some based on indisputable facts are as follows:
1. Fact 1: One person in this hardcore group cannot be trusted as he has openly admitted to manipulating this BB for personal gain. How he can show his face on this forum I don’t know. Personally I would be deeply ashamed.
2. Fact 2: One person in this hardcore group was banned from this forum since 21/6 by LSE for allegedly spreading FAKE news and causing disruption by bombarding this forum with allegedly dishonest posts. This person may be the subject of court action, however I don’t know.
3. Many shareholders including myself would welcome more news, however if none is forthcoming prior to the vote due to legal reasons, I am not going to throw my toys from the pram like a spoilt brat. I trust the BoD and if I didn’t I would sell up.
4. I suspect some in the hardcore group have allegedly selfish reasons for their anti-merger stance and are trying to talk the SP down because they have few or no shares.
Key takeaways:
(1) Make your own decision on the YES or NO vote, however ALWAYS do your own research or speak to an expert who has NO conflict of interest. Always assume any poster here (including me) has a selfish conflict of interest.
(2) If you have few or no shares in BPC, and bad mouthing the company on this BB for selfish gain……P+55 off.

I am a LTH shareholder in BPC since 2014 and a CERP one since a few days ago. I STRONGLY recommend you watch/listen to the links above, rather than take my advice. Please click on my name to review my previous research and opinions.

Starchild

Bully1985 has been bombarding the BPC and CERP forums with FAKE news and allegedly misleading posts in an attempt to derail a planned merger and is shorting our shares. He freely admitted recently to having no shares in these companies until the SP substantially decreases. Click on my name for the evidence since 12/7 to back these allegations.

Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.

Feedback about Bully1985 welcome. If you agree share forums should be regulated from de-rampers or rampers that post absurd claims , please post on BPC forum.

Starchild

Bully1985 has been bombarding the BPC and CERP forums with FAKE news and allegedly misleading posts in an attempt to derail a planned merger and is shorting our shares. He freely admitted recently to having no shares in these companies until the SP substantially decreases. Click on my name for the evidence since 12/7 to back these allegations.

Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.

Feedback about Bully1985 welcome. If you agree share forums should be regulated from de-rampers or rampers that post absurd claims , please post on BPC forum.

Starchild

Bully1985 has been bombarding the BPC and CERP forums with FAKE news and allegedly misleading posts in an attempt to derail a planned merger and is shorting our shares. He freely admitted recently to having no shares in these companies until the SP substantially decreases. Click on my name for the evidence since 12/7 to back these allegations.

Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.

Feedback about Bully1985 welcome. If you agree share forums should be regulated from de-rampers or rampers that post absurd claims , please post on BPC forum.

Starchild

Bully1985 has been bombarding the BPC and CERP forums with FAKE news and allegedly misleading posts in an attempt to derail a planned merger and is shorting our shares. He freely admitted recently to having no shares in these companies until the SP substantially decreases. Click on my name for the evidence since 12/7 to back these allegations.

Always DYOR. Never trust apparent experts (including me), especially if they are shorting a stock by bombarding forums with page upon page of negative opinions. Who in their right mind would constantly talk a share price down in a company they invested in? Why would they spend many hours doing so? Is it out of public service as unpaid volunteers to help others or for their own manipulative objectives? Always click on the name of a poster and check the links and research s/he has provided. Better still get independent professional advice. I am starting a campaign by lobbying my many political contacts to get these forums regulated to avoid unsophisticated private investors who occasionally read BBs, getting fleeced.

Feedback about Bully1985 welcome. If you agree share forums should be regulated from de-rampers or rampers that post absurd claims , please post on BPC forum.

Starchild

IK, based on where he is posting today and the similarity of style content, I allege it is Bonum, .....ALIAS....
MANTAS
Ironside1
CBCB1
BeObjective

Extreme caution is advised, as whoever this person is, they are opening themselves up to legal action by the companies involved. I am quite sure they monitor forums.

Armatrading: thanks for the link of the actual presentation. I listened again this morning and a few notes/opinions presented below.
I think the bubbly Christine Corrado did a very professional job hosting the event. In her intro to the BPC presentation, I found her reference to ‘frisky action on BPC BBs’ interesting. Had I been the host, I would have used the expression. ‘constant negativity on the LSE BBs, led by a handful of persons bombarding the forum with fake news and fear, for short selling purposes.’

I thought Eytan did a great job in the time available and under the legal constraints he was under. Key points:
1. CLN funding rescheduled and available.
2. Uruguay potential huge. Less than $1m obligation to spend over next 4 years to get initial tech intel.
3. Multiple catalysts for news over next 24 months (9-24 CERP). [Day traders think about this, you could make a fortune over next 2 years playing long/short, if the merger happens!]
4. The slide point, ‘A business attractive to institutional / LONGER-TERM CAPITAL sources’, re-enforced my opinion the CLNs may never have to be drawn upon in full, if at all.
5. One of Eytan’s 4 roles is to get institutional investors over next few months. [ Remember he has solid CFO experience as well as ‘marketing’. CFOs tend to be a bit nerdy, he is not and a very good presenter]
6. Bahamas project robust even at $30 PoO and profitable even if only 200mbboe are found.
7. Funding strategy in place, however less expensive alternative sources of funding will be a possibility post-merger and discussions have taken place.
8. Farm-out still a possibility. Eytan implied there is more than one potential partner interested.

Watch again to glean your own opinions compared to mine: https://youtu.be/ltxAmE9vxX4?t=5746

Starchild
xxx

Armatrading: thanks for the link of the actual presentation. I listened again this morning and a few notes/opinions presented below.
I think the bubbly Christine Corrado did a very professional job hosting the event. In her intro to the BPC presentation, I found her reference to ‘frisky action on BPC BBs’ interesting. Had I been the host, I would have used the expression. ‘constant negativity on the LSE BBs, led by a handful of persons bombarding the forum with fake news and fear, for short selling purposes.’

I thought Eytan did a great job in the time available and under the legal constraints he was under. Key points:
1. CLN funding rescheduled and available.
2. Uruguay potential huge. Less than $1m obligation to spend over next 4 years to get initial tech intel.
3. Multiple catalysts for news over next 24 months (9-24 CERP). [Day traders think about this, you could make a fortune over next 2 years playing long/short, if the merger happens!]
4. The slide point, ‘A business attractive to institutional / LONGER-TERM CAPITAL sources’, re-enforced my opinion the CLNs may never have to be drawn upon in full, if at all.
5. One of Eytan’s 4 roles is to get institutional investors over next few months. [ Remember he has solid CFO experience as well as ‘marketing’. CFOs tend to be a bit nerdy, he is not and a very good presenter]
6. Bahamas project robust even at $30 PoO and profitable even if only 200mbboe are found.
7. Funding strategy in place, however less expensive alternative sources of funding will be a possibility post-merger and discussions have taken place.
8. Farm-out still a possibility. Eytan implied there is more than one potential partner interested.

Watch again to glean your own opinions compared to mine: https://youtu.be/ltxAmE9vxX4?t=5746

Starchild
xxx

Thebhoys: I have respected most of your posts. Sorry if my posts today annoyed you,Gloves are off. Watch next 2 days. I will play them at their own game, with post after post after post. Unless they cease and desist with conflict of interest cr+p for personal gain.

Starchild

Laloo: eh? Non compeno. obviously you are 'Jim the don't know' fan.

Jimtheknow: I don't need to defend myself but you do with your repeated cr+p. You have no facts other an opinion on your part that you know better than:
1. The unanimous opinion of 2 BODs
2. Malcy the oil oracle
3. the investment decisions of of a pension fund (Mersey)
4. the investment decisions of J Finn

I believe you do not know better than these respected institutions, and if you profess to do so, it is because you have a major conflict of interest so kindly get lost. Not interested to debate..

Starchild

Brynjon: I have always highly respected your posts and opinions. Fully accept you are doing your best to be peacemaker. My gloves are off and no more Mr nice guy. The BoDs cannot defend themselves without an RNS or interview so I'm leveling the playing field.

Laloo: I don't want or need your opinions. Have a nice day

Starchild