Member Info for topsharepicks

- "The notification received from the Government also stipulates that the Government and BPC must in the coming months agree a forward work programme for 2019 and 2020".

EXACTLY the government WANT TO AGREE AND PROCEED IN COMING WEEKS! Buying sub 8p is a steal because as soon as the RNS lands Farm in Permit ect

Expect 20p pre drill

So ARE YOU SAYING YOUR NOT HAPPY WAITING A FEW MONTHS SERIOUSLY? SERIOUSLY??

Ryder Scott’s evaluation documented that three of the four structures, Folds A, B and C, have an unrisked potential in excess of 1 billion barrels of recoverable oil.

Renewed licence!

Big oil must surely view the renewal as a green light to go THIS TIME.

Buckle up sit tight ENJOY THE RIDE

And 14 years of lost revenue for the Bahamian people!
I’ve listened to the video clip and it seems to me the Government clearly would like extra revenue but at the same time want a safe drill.
I think BPC. Is now clearly the company that has been given the green light but who will drill that is the question?

Is the key word! A word big oil LIKES!

Mr Potter said in a statement: “The confirmation from the Government of The Bahamas that the current term of our four southern licences extends to 31 December, 2020, provides the company with a certainty of tenure over the company’s licences, replacing any perceived ‘above ground’ issues with complete clarity in fact and law.
#“This position has been arrived at following extensive government consultation and, whilst this has taken the company a while to establish, there is now a very clear two-year window to advance plans for - and to drill - an exploratory well, providing certainty to potential partners as we move forward in our farm-out discussions. Today’s news will add considerable impetus to this process.”

50% rise this week puts this around 6p a new trading range and sets up for a real break higher 7-20p

BPC is to me looking the strongest in years coupled with major oil selling mature fields to hunt giants

Let’s not forget the exclusivity agreement expired long before licence renewal and Potter has stated this is advantageous to BPC because it opens the door now to other interested parties now full armed with fresh licence
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/203543

http://redemperorresources.com/alaska-north-slope-presentation-november-2018/

Anyone who thinks it’s game over is foolish Torok could save the day then there’s the fact RMP still has cash after this drill and could drill again.

Share today just over half what has been invested who in their right mind thinks the farm in deal’S won’t be considerably more than this sum???

Which is the reason BPC WILL GAP HIGHER AGAIN VERY SOON!

With BPC having already completed its geological studies, Mr Potter said of the wait for the licence extensions: “We haven’t sat on our hands. We have taken the opportunity to narrow the geologic risk, the technical risk as much as possible and ensure we pick the optimal location and maximise our chances of success.
#“There’s oil there; it’s the extent to which it’s there in commercial quantities. That’s about using our data and the $100m we’ve spent to date, and using the seismic data we have to put the well in the right place.”

LTH about to be rewarded for years of patience.
BPC has worked for 10 years for this moment!

Several here want to lock in gains ahead of the weekend so they can feel happy but may regret it if news lands Monday they’ll be scrabbling to buy back.
I’ve set a target based on last autumn rally and right here today BPC is worth 7p all day long!

Not even started buying yet imo

News Monday would set this up for 6-8p

Imagine dual farmin!

Nm

Easy

Look at last autumn rise and BPC MUCH STRONGER TODAY!

And Strong Momentum I say farm in deal close without doubt I expect this to rerate to 8p then farm in 12p

Then pre drill 15-20p

Success 40-60p+++

Today possible looking at last autumn run

Do we have any active tweeters on the ground drill site ?????

Trading halt until Tuesday four days in drilling must be drilling through main target and coupled with the tweeter yesterday saying oil found adds a new dimension