Member Info for Tuckman

Great work and analysis Tiburn, fantastic. We can only hope that the carrot is dangled and it attracts the attention and we get some positive news on any form of tie in, farm in, licence sale. Just anything and I hope Mr Potter doesn’t get greedy. Fingers are very well crossed for a brucie bonus but I have given up on it being a cert! Great work though!

Each to their own. Trade away, try and make money. I don’t trade , don’t need a level 2 console. All I hope for as an INVESTOR is the company deliver a few value add RNS’s or have success with a drill. We are due news, which will hopefully lift the share price but also could drop the share price. Volume here dictates lack of interest in the company at the moment. We have had big volume buy/sell spikes pre news which indicates this is not a tight ship. Some have known what is coming IMO. Rampers L2 Traders, hmmmm. All of us underwater investors just want is the company to deliver positive news. Traders just want volume and volatility.

In fact how did your posting in January go then, who is the one showing lack of intelligence. Your distinct lack of respect for others with realistic opinions will no doubt get this thread removed. You probably are no doubt in the traders category as you have really not got anything decent to say about much. Good luck with your strategy, I hope genuine investors get rewarded here.

The company could actually do something positive for shareholders and value add. I have a seven figure holding here, my money my choice and as I said before I will hopefully get out on a decent Saffron result. You seem to lack the reality of the current situation and resort to insults. Your posting history shows you for the person you are. I would prefer a share price much higher but detest the likes of ramping clowns just trying to get there trading 10% swings. Many here are average 2p +
Maybe you should have a word with the company and get them to deliver all this value add potential. They might listen to a classy individual like yourself.

Nah no complaints from me. I would rather the posts remain because they only show the real quality of the individual poster and their own intelligence level. It looks like threads get removed which therefore can obviously remove those posts which actually have good content in them and that is a shame.

So many IMO correct posts on here this morning it's nice to see. We all took a gamble on the P1 drill and it failed. It failed because the management didn't prepare for all events financial etc and maybe some bad luck thrown in but fact is it failed. They still keep is in the dark at how we are going to proceed financially and yet still have no rig contracts in place yet, so we may not proceed next month yet! The share price is what it is and you can't dress this up. Starchild you are now chief ramp boy , company man, big ego child. Whatever! You attack negative people. Negative people attack you. You make your bed, you lie in it. You post potential and no substance. You really are no better in your ramping than that bonum or petrodollar. You say you have 10s millions of shares, you are a pure gambler IMO , that's if you really own that amount. Real investors have CONCERN for their investment. You by the tone from your posting maybe are just a 10% trader our just reckless.
Let the company do the talking with hopefully real value add RNS's and maybe come off their payroll and save them some money. All IMO of course but I have an entitlement to that!

Absolutely Thebhoys fully agree, however they are not funded yet for the schedule they have in place. They still have to generate the funding mechanisms or reduce their schedule. We all wait in anticipation, however IMO due to past history I would bank on other companies being very cautious in dealing with BPC and therefore terms would favour the lender and not the current ailing shareholders. If they were cash rich or in a position of strength terms would certainly be in our favour. This makes matters worse because if they dilute there would have to be a large discount to tempt. Recent dealings just show how management incompetence and poor planning have destroyed trust and faith and with it the share price. If the company have got any gems in the tank then they really are not doing a sterling job in delivering them, I certainly will not waste anymore time on reading presentations or watching interviews as they are just a waste of time. A simple RNS delivering progress and not potential is the only way out of this spiral of past mistrust and failure to loyal shareholders. I for one just hope they can deliver a saffron result so I can exit. I have learnt my lesson.

I also think a major part is the fuel supply. The kit is still needing to be sent from the UK as well. IMO as soon as the fuel is created then they will try and time the fuel, kit and personnel as efficiently as possible. The fuel supply I would think maybe linked in with the MSC trial as well , so yes we are just awaiting a green light go ahead IMO to move all items forward in unison.

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Fantastic posts Eggchaser, extremely valid.
Starchild unless you have some inside knowledge of what is coming in lines of funding mechanisms then (not investment advice) your lack of CONCERN is IMO very worrying. Your 0.8p target drift up could be so easily a drift down to 0.4p on further share issued dilution. Unforeseen problems with technicalities or contracts, licenses etc for the Saffron drill could cause more concern. Not all drills go to plan. You IMO are sounding more like a gambler as you only see the upside and win and have no concern or lack of any thought of potential negatives within the company, some would class it as reckless. I really hope this works but I now see your posts in a different light. Your money your choice , like we all took the gamble on P1 and it failed. Maybe you know something we don't , but yes we shall be rewarded if all the ducks line up and pass the test. Years of underperformance and lack of share price growth if the company have not learned lessons from the past and dare I say it , any problems further down the line.

Egg, fully agree it must have been a tough decision but it potentially saved the company. Sadly the unknown also of what is further down will no doubt not give the company a fully favourable farm out deal if one is available, but beggars can’t be choosers and a deal hopefully will be done. I only hope the company issue a final date for a conclusion to any deal rather than more talk about talks about people talking about talks of a farm out because they apparently were talking a lot before P1 and nothing materialised. I hope the company have learnt from lessons of the past. Especially funding. IMO if anyone thinks what was done before P1 and how it was done was even in anyway in the shareholders best interest then they are delusional.
New slate is needed , transparency, cut out the BS , deliver on timelines , cut down overheads, hopefully a very successful Saffron can get us back to 2p, maybe 1.5p if there is a big load of dilution on the horizon! There is potential here but it if it is managed like in the past IMO shareholders will not get good real value from it. However the board on their current high level of wage for a small MCAP company will.

Yes BPC have access to plenty of dilution like UJO, UKOG, nothing at all from the company changing this potential into reality. History is down as complete and utter shambolic fundraising for P1. You can not dress that one up but yes the happy clappers and dreamers will blame something! What happens if another POO collapse what happens if this that or the other. Shame the company cannot deliver in advance of a project rather than leave it to the last minute, and then it goes really wrong and the shareholders suffer. I wonder if they are fully fully funded for Saffron! Ha ha.
Simple fact is and this is not investment advice. The company have a shortfall for their budget. They have not announced anything to say how they are either going to raise the funds or alter their project targets. The market awaits.
I am certainly expecting news next week and no doubt decisions from many will be made. I might even get my symbol banging monkey out if the news is good, 1p will be broken easily if they can actually deliver something positive and not blah blah blah about potential.

You can ramp this share to the moon for all I care but sadly ‘reading between the lines’ and making assumptions on what the company could deliver is just pure dream ramping until they just actually deliver some meaningful progress. The company and its past history of failures and incompetence has put us in this current position and until it reverses its attitude towards its shareholders and delivers meaningful progress then just then may sentiment change and we can deliver share price growth. I for one await this news and remain positive I can recover my losses but will not join happy clappers until delivery. Talk is cheap, actions speak louder than words. Paid rampers are just as bad as moaners no one knows individual’s circumstances and agendas

We are all just patiently waiting for that first glimmer of light on that commercial contract, it’s getting closer I hope every day but after that day arrives I am hoping for an exponential lift on demand and interested parties. Hopefully these blueprints being created in the various avenues will just give us wash rinse and repeat and a huge market of a cheaper and more environmentally friendly fuel. What’s not to like?

I am hoping yes for an update soon on all 3 fronts. I am hoping for a travel lift for Morocco as soon as tomorrow, Completion of first stage MSC in next 2 weeks and maybe Utah update before month end. Throw in any bioMSAR at anytime. Just snoozing before next RNS alert!

Is that we only get good news on a Thursday Jim? We are due a wave of news this week or next, really do need a rig contract and confirmation for S2 just for starters! Time is ticking!

Tiburn , I agree money would be available for another shot at Bahamas drill but without a farm in I think it would be a huge mistake going on what has happened with P1. Simple if the results are good enough then they should have no problem getting a partner, if not then would you risk it if everyone else is shying away?
Looking forward to hopefully some confirmation this month on quite a few areas of BPC going forward!

We basically are in a holding pattern a5 the moment. Morocco, wait for travel. MSC paperwork and admin procedures due in a few weeks. Utah, all outside companies control. Testing ongoing for bioMSAR, last day of posting for me until the next RNS. Time to switch off and wait for the news, no fuss about SP, all I hopefully believe for myself is a double figure SP whenever first commercial contract gets signed. My guess is Morocco.

Absolutely Tiburn, still so many unanswered questions. As you say April/May for me, if nothing or a fund raise at these levels then Bahamas is a no go. Maybe just maybe they could have a fully funded drill within 3 years if Trinidad goes to plan but I am certainly not going to be around waiting for that. Without any brucie bonus I shall just await the Saffron 2 drill result and hopefully exit after that. Fingers crossed!

Jono all cash info in previous RNS, well just watched the video and yes still all potential. So we shall see in time. Yes all upside if all goes well with Saffron, brucie bonus if anything comes from Bahamas, shocking to learn after all this time in prep for Per1 , even an extra year delay from COVID and they didn’t have the drill funding all sorted out. Such a disorganised shambles. Trying to play the games on the big money tables and it went very wrong. Still a hold for me, but if any further dilution before maybe any great news from Bahamas then I am selling as IMO release the brucie bonus before any raise! I guess a few weeks left to play out! IMO We will get our money back at some point, will it be a month, a year, or a decade!

Those Perseverance #1 costs remaining to be paid (noting that some items are being disputed or negotiated by the Company), along with the Company's anticipated but discretionary 2021 work programs in Trinidad and Tobago and Suriname (as announced by the Company on 18 March 2021), renewal of the Company's Bahamas licences, and the Company's 2021 overheads, will require a total estimated spend over the balance of 2021 and into 2022 of between $25 million and $40 million. However, the eventual actual spend will ultimately be dependent on a number of factors, many of which are at the Company's discretion - for example, the extent and timing of future development drilling at the Saffron project, which in turn is dependent on the outcome of the drilling of Saffron #2, expected to commence in mid-May 2021.



As at the beginning of March 2021, the Company had current cash and unconditionally committed cash resources of approximately $13 million, and a potential additional $14 million available under the Company's conditional convertible note facility (the drawn down of which remains subject to satisfaction of various conditions). The Company also expects, dependent on oil price and production volumes, to generate a level of surplus cash from increasing production through the course of 2021. The potential prepay facility (as announced by the Company on 18 March 2021), and any proceeds from a successful farm-out process would be in addition to these amounts.

For me personally I have written Utah off for my radar of expectations. I know the weather and conditions have not been great for them to get issues dealt with but as this is so far out of our companies control I have just pushed it to one side now. Don’t get me wrong I want it to happen big style but for me now it’s maybe a lot further down the line until they get all the upgrades and equipment settled and running smoothly. Any surprise RNS would be very welcome.

Industrial trial for Morocco is my go to first process next few months and also the confirmation of the next phase of the MSC trial. Maybe another nice sweet bioMSAR test scenario completed as well with good results soon I hope. Let’s see what the results RNS says, but not expecting anything we don’t already know.