Member Info for willec

Youi can't even answer that question - pathetic

They are drilling next month - how are you so convinced they can not afford to drill - show me where you find this data.

See what is said tonight and see what the drills in the next 2 months prdouce at Saffron and Suriname.

https://d1ssu070pg2v9i.cloudfront.net/pex/bahamas/2021/03/25213812/bpc-update-presentation-march-21.pdf

'We had a treble 12 years, so lets make sure the present investors suffer like we did' - says the troller

that is because you are all not worthy of a reply (sad losers). We are moving forward look to the future and not the past.

* Suriname

Becasue all you are looking for is some excuse to continue the 'cr@p' you spout on a daily basis. We are up 3% ahead of the meeting tonight.

You ignore the fact Saffron 2 is spudding in the next month soon to be followed by Saffron.

How dense can you be to ignore these drills. SWP is going to be huge also.

ZagEgypt still thinks trolling is neccessary

I bet no matter what is said, even very good presentation, the trollers are already lined up to fire it down becuase of the sad nature of the losers on this board.

Remember we are drilling Saffron 2 next month / early June, followed quickly by Suriname.

Forget about P1 for now we are going to build a solid foundation on S2 and Suriname assets first - why can no one see this.

Plassmerman - you will be OK we are drilling S2 and Suriname next month. So, you know recently the trolls have been out in force here because they still think that P1 failed therefore the whole company has failed.

The trollers on here are too stupid to understand that SP diversified into other areas in case P1 did not work first time, SWP looks fantastic but again the trollers will not expect this. Drilling in the next few weeks and will be back up to your 2p (20p after 10:1) no problem.

I am not stressing, I am just telling the fools on this board that we have drilling at S2 and Suriname both in the next few months and they still think this is going bust. OK they my be P1 followers but we have more than P1, why can't anyone see this.

All I am doing is telling you the upside to come this year beginning with Saffron 2 next month and soon after Suriname. You just come to troll. We are producing oil and have two drills in the next 2-3 months with the Saffron well going straight to production. Good Times Ahead -what is their not to like. We will have many trigger valued events this year which I am looking forward too.

So for those who have no shares like Bully1985, who admitted he is a troll, and you ZagEgypt best buy now as will not be this cheap for long.

The trolls are at it again

Patience is the key this year sees a massive drilling schedule seeing a lot higher sp by year end

Would be good to share so we can see what rubbish comes out of BULLY 'THE TROLL' 1985

Looks very good DOESN'T IT

Remember it is straight to production and oil currently $63pb and rising. What is the rush anyway. As they say 'Rome wasn't built in a day' - like some of you wanted with P1, let this take its course and see how much better off we are in a year or 2. P! was a one trick pony anyway - now for the serious business.

That looks very promising acutally shows drilling 1H/ 2H more, looks very good for further oil production

Bully1985

Read the RNS

This well - Saffron #2 - is scheduled to commence drilling in May 2021 and has been designed to establish production from both the Middle and Lower Cruse reservoir horizons (though initially only from the Lower horizons). As such, a number of workstreams have already been completed to enable this to occur, including a detailed well plan (benefitting significantly from the drilling results and learnings from the drilling of Saffron #1), civil works to establish the well pad, purchase of all long-lead / major equipment items and contracts for required well services. The well conductor was installed in March and mobilisation of rig and associated equipment will commence this month and the well is expected to spud on or around 23 May 2021, subject to the successful completion of the Open Offer and Placing ("Fundraising"). The well design for Saffron #2 is for a total drilled depth of approximately 4,500 ft, with drilling expected to take up to 25-30 days to complete. The budget for the Saffron #2 appraisal well, inclusive of the production completion, is approximately US$3 million.

The Saffron #2 appraisal well will be placed onto immediate production given the ready proximity to oil sales infrastructure. Expected production is in the range of 200 - 300 bopd. Based on a US$60 / bbl oil price, this would generate, from this well alone, cashflows to BPC of US$1.8 - US$2.6 million per annum, with a full well payback of 12-18 months and a ROI of in excess of 200 per cent..

Contingent on Saffron #2 well success, an initial program of field development has been planned which could see a further five to nine production wells drilled during H2 2021 (subject to permitting, rig availability and capital availability), with field development drilling continuing thereafter, through 2022 and 2023. The current estimated overall field development would comprise up to 30 wells in total, with a peak production projection of approximately 4,000 bopd. The initial program of activity is projected to achieve an average daily production of 1,000 - 1,500 bopd by the end of 2021 which, based on a US$60/bbl oil price, which alone would generate annualised cashflows to BPC of US$8 - US$12 million. For context, the projected full Saffron field development scenario would generate annual cash flows for the Company in excess of US$25 million per annum.