Member Info for Tex2374

I’ve got the torches ready.... can’t find my pitchfork though.

.....is that there is no news!!! Literally zero news to comment, debate, fall out over.

Zero, zip, zilch.

So every day the same arguments on both sides go round and round and round and round and round. 173 posts on a Sunday for a share where nothing has been reported in the media.

Let’s hope for all our sakes that something happens tomorrow to give one side or the other something new to argue over.

Loving some of the theories tonight though.....

Spot of wild turkey and a read of this board makes for an entertaining evening. Could be I regret it from a work perspective tomorrow, though :-)

Now let’s get back to the lynching.... LOL.

IBAB - the spike is coming. You can have my shares on the way up to the point.

Thanks Spiritefan.

@armatrading, yes the reality is we need #2 #3, it always worries me when there are govt authorisations required. :-(

I still hope a partner comes on board and takes any necessity to use the CLN away.

Yes, great plan. But not the one the company is working to. :-)

Instead of the £1 party. Maybe someone should organise the Christmas KFC party....... Just in case.

Hope so Chesh, because if SXX doesn’t work out KFC is the Tex Family Christmas dinner :-) :-)

Don’t worry IBAB once you buy in and we get the rerate people are talking about, you won’t have a mortgage.

We are shandy drinking southerns :-)

Fortunately, salaries are similar to house prices!

As for a £200 meal down south, KFC is the same price everywhere :-)

I can’t remember all the conditions of the notes. But I know several criteria are now satisfied.

What would people say are the risk conditions left to fulfil? I think there was an additional permit required??? (Could be wrong, just going from memory. ). Outside of that I thought the only risk was the investors backing out.

All looking pretty good from my perspective.

Rockierich, everything comes at a cost, I’m sure based on 2p and a tiny market cap there will still be lots of upside for everyone. Linton lists some good reason for a partner to be involved. This size of field is not going to be taken on by a sub $50m company. The funds required for ultimate development of the field will be massive BPC are not in a position to raise these, the risks would be huge, plus they clearly have no desire to do this.

BPC have no intention on developing this field on their own they have made this very clear. I just listened to the VOX interview in which they detail their plans clearly .

The below is from the OO RNS :

"I am pleased to advise shareholders of continued progress toward drilling an initial exploration well in The Bahamas during 2020. A farm-out remains our preferred funding option, and constructive discussions continue. At the same time, we are moving forward with additional components of a balanced funding strategy, so that we can deliver on drilling regardless of the outcome of these discussions“.

My interpretation is that this is so that they have relieved pressure by raising funds to de-risk the required license drill and in parallel can now continue farm in discussions without the license drill requirement hanging over their head.

Key piece is “regardless of these outcomes”. This indicates to me discussions are very advanced and there may be an agreement sought reasonably soon, but if there isn’t they still have the mechanism to hit the drill schedule.

All just in my view, we will hear about a deal either Nov or Dec. Definite upside here, but for me getting a major partner in place is key.

Let’s see, I could well be wrong (excuse the pun).

The company is extremely vocal around wanting a farm i, what would taking on a Partner post drill give us versus taking on one before?

Given where farm in discussions are I don’t see any difference, but I am probably missing something.

Are you assuming it would be a better deal basis?
Tex.

I think it will be before Christmas for that very reason. BPC now have greater leverage in their discussions because they have a route to fund the drill without a farm in. However, the reality is they need one to drive the proper level of exploration and are very clear that this route is their preference.

Just how I am thinking about it at the moment. I could be completely wrong.

Good luck at the horses Fatal.

You have more chance of winning there than on a lot of AIM Shares!

The optimism around this share is almost intoxicating (I said almost). I really hope we see some positive news but clearly the market still sees huge risk, hence we are still stuck at 2p.

I had hoped that we would see a sustained rise into the weekend, but this just took the route of the usual AIM trading cycle.

For me and based on what I know about the share I think a farm in is the corporate aim and this may be the announcement which starts to stimulate mass interest in the share.

I will try and watch the C5 program tomorrow night. I do find these shares fascinating, especially the ones which have been around a while and had many twists and turns. Almost as fascinating as some of the antics on the boards!

Personally, my expectations are more measured than £xx I would be happy with a re-rate to double figures (on the pence front).

Let’s see what next week brings, hopefully some positive PR (we seem to be devoid of that outside of the Bahamas) and we can start to see a build in momentum in anticipation of the next major news.

Unfortunately, I’m travelling this week and not quite in your neck of the woods. However, I will be around on the board (periodically) especially if there is news!

Tex.

Doesn’t work IBAB. It’s malware on the site but doesn’t seem to effect all users. The last one was an Amazon pop up that can’t be removed unless you close the tab. The current one is Vodafone, like Fred.

Reinstalling chrome on my iPhone removed it but it’s malware in the site. On my PC bitdefender blocks it every time.

Annoying.

Yes. It’s a nightmare. Second time I have had it and had to delete and reinstall chrome.
L

IBAB. Deos is approx £400k underwater (as of September) I think it’s across 5 different shares he has invested in over time.

Deos, you come on this board and ask the same question again and again. The decision is yours and no one else’s, I’m not sure why you keep asking.

If I really believe what you say and the amounts you have lost, then I would suggest you just stop investing completely and save what money you have left before you lose it all. Clearly playing the stock market isn’t for you.

Ok, clearly not James.

Thanks for the intelligence compliment. Not sure it’s deserved though! :-)

Just pulling your leg Interest....

I have a friend who matches your profile (job and Uni) hence the Herts question! .... James? Is that you?

Have a good one.

Hang on DT, I think I’m about to get to the punch line........ I know it’s going to be hilarious and worth it :-)