Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Yes spotted that, all seemed a bit erratic, across the board my average was 0.0041, I suppose that equates to around 20p wish , which would still only be an £8 mill cap which seems imminently doable, its amazing that getting my original punts back on aim seem like a win :0
Ok, so one tranche I had in an Isa had an average of 0.0051, it's now showing an average of 25.5p on those shares now consolidated, a drop of approx another £1k on my holding, what was the official consolidation price?
Me too
Well, fully funded now, we hit lows of .37 just a few months ago, I have 1 mill at 1.09 av, took another 1 mill in the offer so hopefully get those, will buy more today if price gets any where near .25, hopefully end around .4
Put in for 1 million, will still need a lift to .7 to average out with current holding which has just finally gone into the blue earlier this week, not happy, why only .25, surely .5 would have sufficed, even worse, I used my miserly SXX payout to buy some of these. I'm sure they'll come good but will take a few months to get back up.
That 1.5 million sell at 1.35 must have hurt ??
Need to recoup my biggest loss in 22 years of playing now SXX is a done deal. Onwards and upwards.
Be nice to test previous high before next RNS but close enough.
After 10 odd years it’s only 4 to 5 weeks to the start of drilling :)
Considered selling with some profit this morning but couldn't get a quote initially, but on consideration have decided to keep everything in, it was a sensible RNS and good for the company and shareholders, especially with the markets in turmoil at the moment, happy to take a breather.
Normal Service Resumed, down on good news, oh well, it was expected, we all know this will fly on a hint of a whiff.
Bahamas Petroleum Company
I have followed BPC for what seems like about 10 years now, over that time I have remained cautious as I have been unable to tick all the boxes required to suggest that the risks had materially moved in favour of the investor. As of yesterday’s announcement with regard to the environmental authority I have come to the conclusion that at least in one way or another all those boxes have been ticked to a greater or lesser degree.
Those boxes are, appropriate licencing etc from the Government including Environmental authority, getting funding via a farm-out or similar, getting a rig and drilling a well. The farm-out has not yet happened but I still believe that it is possible particularly if one of those remaining in the data room realise that this ship is going to sail with or without it, indeed that the time has come to or get off the pot, so to speak. That the company has now raised enough money, one way or another, to drill the well, means that all those hurdles I have envisaged have effectively gone away. The company has a drill date in April, the bills have been paid and the rig contract is signed, all they need now is to strike oil……….
Investors will know that this is still very much a long-shot, a big old wildcat that whilst some have it as slightly reduced risk is nevertheless probably a one in twelve shot but aiming at a big structure. Many investors in BPC came to this party a long time ago, the wait has been a very long time but now the waiting is coming to an end, the drill bit is about to make a few dreams or shatter a few illusions, at todays price of 3.6p it is all or nothing but an oil find in April would undoubtedly make it a ten-bagger or more, the choice is now yours….
This is the first positive RNS we’ve had where he share price hasn’t tanked, and seeing as the rest of the stock market is in free fall, it’s a good day for euz, a waiting game may be the best option currently.
Bapuk I’m sure the Mutual Fund was all part of the box ticking to keep the BG on side and just one of the many hurdles over many years that has finally got this approval.
This is a very large milestone, and was by no means a given, but looked more likely as things moved on.
Great minds ;)
Simon Potter, Chief Executive Officer, commented:
"On the way to delivering our single-minded goal of safely completing the drilling of the Perseverance #1 exploration well there will be no more important milestone than receipt of Environmental Authorisation from The Government of The Bahamas. I am therefore extremely pleased and proud to advise that Environmental Authorisation has today been granted. This is the outcome of an extensive and collaborative work effort over an extended period of time by our team of predominately Bahamian employees, various third-party consultants, and The Government and Ministry, advised by the BEST Commission.
Today's approval reflects our steadfast commitment to ensuring that Perseverance #1 will be drilled in an entirely safe and responsible manner, in full compliance not only with the stringent laws and regulations in place in The Bahamas, but also in accordance with all applicable international standards, and adherence to global best practices as defined by the guidelines and performance measures adopted by multiple international agencies.
We continue to make rapid progress toward the drilling of Perseverance #1, and remain on schedule for a well spud in April 2020. I look forward to updating shareholders on additional milestones in the coming weeks, in what we expect to be an exciting time for our Company.
This is just a general reaction to what’s happening in the markets, a lot of people are in profit here so securing what they can, those who can are happy to just keep buying the dips, no fundamentals have changed, just market reaction to C Virus. It will come back IMO.
Let’s not forget that we touched our 52 week high today at 5.72.
Definitely a buy, over ask at that time, put a bit of pressure on the price, scare a few into selling, fill a huge buy order, bobs your uncle.