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Good Luck here SC - you’ve certainly put in the hard yards in research.
As per our DMs, I’ve been out since the P1 debacle but sincerely hope it comes good for LTH from BPC & CERP.
Whilst the dust hasn’t quite fully settled I’m gonna chalk this one down to experience and I actually feel quite relieved I got out around .6p as soon as P1 was announced - cost me 6 figures & taught me a v v v v v big lesson, thankfully recovered some of that and whilst I’ll always keep an eye on BPC I’ll never waste another penny on them.
Feel genuine empathy for those still in & those who have lost £££££+++++.
I’d kindly ask those who were correct in their guesses as to what would happen, maybe today isn’t the day to gloat - there are people on this board feeling real pain.
Good Luck all - it’s Friday and the sun is shining - don’t put your happiness in the hands of others and look after yourselves.
Wherethefoxhat
It’s Aris my friend :
Aris(totle) = Bottle
Bottle = Bottle & Glass
Bottle & Glass = Ar5e
There endeth the philological lesson :))))))
PI - the last word of your 12:43 post sums this entire board up to a tee !
Happy Easter all
S2 drill feb 2021
S2 drill Q1
S2 drill mid-may 2021
Cash in hand $13m - spending commitments $29-44m
By their own admission they’ve drawn down millions of shares and 100,000’s in salaries to transform a company with a NaV of $100m into a company worth £22m as I write this - and yet they STILL have cheerleaders on here
What would you guys do if the BoD actually managed to add value to this company ?! It really is laughable
BPC due to drill 2 further wells within the next 2 weeks - interesting times !
Showing on my IG account now
and 2 drills due to occur in the next 17 days !!
Agree with a couple of posters below, DiM is the main reason I’m invested here - huge potential, specific data collected during a worldwide pandemic who else can replicate that ? Massive
K3VMC - understood, apologies
Razorman
I share your sentiments 100% ref missing these dates after they were announced to the market only 3 weeks ago, yet here we are 20 days to go and no news.
For years shareholders have complained to BPC about a lack of news and updates - how many times were we promised a flood of announcements in Q1 ? updating us doesn’t feature in their priorities
Is SP ‘selling oil out of the back of a boat’ or is he bailing it out for all he’s worth to stop her sinking ??.. I sincerely hope the discussions with 3rd parties prove fruitful and something can be rescued from the Bahamas debacle - then we only have
- environmentalists
- a government that can’t decide what it wants
- continual missed dates and commitments from RNS
to contend with.
I’m still in here after all these years albeit with a much reduced position, but there is far far easier money to be made in the markets than sitting & praying that BPC will defy years of ignoring shareholders and actually provide some shareholder value.
Morning Razorman
RNS of 16 February 2021
- Saffron appraisal well due to begin in Q1 2021 which, subject to results, would see BPC seek approvals for field development with up to seven production wells to follow through 2021
- Suriname appraisal well and Extended Well Test in the Weg Naar Zee Block due to also begin in Q1 2021
20 days for BPC to commence 2 drills as per their commitments to shareholders via RNS
As a LTH I sincerely hope they meet their obligations and start to recover some measure of credibility in the eyes of the market.
Will They / Won’t They ??..
I received 100% of my application ??
I can’t believe how little chat is on this board with Pluto IPO imminent ??
Great post Tuckman - sums it up perfectly for any potential investors looking to ‘grab a bargain’; it’s only cheap or a bargain if we can produce any value.
According to RNSs we should be drilling 2 wells within the next 3 weeks .... oil can be $200 a barrel, but if we’ve only got 500bopd it’s gonna take a while to get that share value up ....
Pluto is going to be massive - this is literally Argo buying money at a discount and we get to buy Argo at a discount, what’s not to like ?!
I had the same issue - Hargreaves Lansdown I’ve found have access to greatest range of equities to trade
Lots of faith being shown to SP eg al by regular posters on here.
Some credibility in the BoD may be restored if they follow through on the most immediate commitments made in the RNS of 16 February 2021
- Saffron appraisal well due to begin in Q1 2021 which, subject to results, would see BPC seek approvals for field development with up to seven production wells to follow through 2021
- Suriname appraisal well and Extended Well Test in the Weg Naar Zee Block due to also begin in Q1 2021
24 days to go - let’s see what happens
PageOfCups
In one message you’ve gone from a patronising tone of read the RNS & dyor to
‘ I don't think there would be any reconciliation below the 2p price for LO. imho.’
So you’re answer to my original post querying our outstanding liability to LO is, you’re guessing/hoping it’s zero due to some moral high ground you hope/guess BPC can take on the basis of a tweet by LombardO ...
Anybody with a more educated response ?