Member Info for willec

after the 10:1, target of 60p floating around. Great Year ahead time to buy more

This is the start of a new beginning with dfrilling for most of 2H of 2021. Looking forward to many drills and much high sp end of 2021

We have a great plan ahead and all we be good in 3 - 5 years - just be patient. Saffron 2 is the start with a lot more to come H2 2021. And FFS trolls who do not own shares (probably 95% of you) Just BU@@ER O@@ !!!!

Someone, naming no names, who works for a stockbroker predicts 60p per share after 10:1 consolidation.

Better listening to someone in the industry than trolls on this site.

Thats you Bully1985 - The worst troll and investor ever.

So (think) drill the well get the oil abnd production leading to greater cash flow. S2 is the only important drill at the moment which is going ahead next month.

We have £13m in the bank
£14m CLN and this is for starters

Sorry troll - what is a pr1?

We still have the other drills, I am just saying Saffron 2 is the first, look at the presentation last month FFS

This will help when S2 production happens after the drill next month, creating a better cashflow.

Has no one seen the drilling schedule this year FFS. This year and next year will be the most drills ever carried out by BPC. Looks good all the way to the end of next year starting in literally a few weeks time.

Precisely, and I feel the SWP end product will be massive look at want is coming up for the rest of the year and next year.

The trolls are mainly sad Perservance fans that still think BPC is a one drill wonder and they 'baby' P1 can't fail, so sad to see this pathetic P1 followers trolling.

They can not understand that the company has other assets and think if P1 failsw the company fails or that is want they what.

FFS forget Perseverance, we have better opportunities of finding oil being with Saffron 2.

All the trolls ditching the4 companies future are just Perseverance hanger on who can't more on. The company has and drilling next month just wait for the results.

Perseverance is dead and always a one hit wander which is why SP diversified. It is CERP assets which will generate income for BPC whether you like it or not.

Saffron overview

In March 2020 the Saffron #1 well resulted in a discovery—Located in South West Peninsula of Trinidad and Tobago

The Saffron #2 appraisal well is set to spud mid-May 2021, designed to assess producibility of field—High CoSgiven drilling a known discovery, at same surface location as Saffron #1—Saffron #2 itself can be put on production, with ready access to infrastructure—Well budget US$3m(includes completion)—Single well potential production up to 300 bopd, EUR >200,000 bbls—= incremental FCF of US$1.8m p.a.+ (based on 200 bopd)

successful Saffron #2 well will enable a full Saffron field development— 5- 9 additional wells in 2021 – incremental production of 1,000 – 1,500 bopd, incremental FCF of US$8 – 12m p.a.—Longer term up to 30 wells over 2 years –incremental production of 4,000 bopd, up to 6,000 bopd, and incremental FCF of US$25m+ p.a.

What is not to like - the site is already to drill in the next few weeks. Why prepare a site if no money to drill, makes no sense. Trolls trying to scare us into think BPC has no money = completely rubbish. They have enough mo0ney to drill S2, why prepare the site if not

https://twitter.com/BPCplc/status/1376521572018749440/photo/1

The past is the past. Lets see what happens for the rest of 2021 and 2022. They are ready for drilling in Saffron are they not.

YES THEY ARE

jono44 - some points from RNS

1. Saffron # 2 appraisal / production well to be drilled in May / June 2021, budgeted cost $3m million, expected production in the range of 200 - 300 bopd generating cashflows of US$1.8 - US$2.6 million per annum, and paving the way for a full-field development projected to achieve in an initial phase average daily production of 1,000 - 1,500 bopd / generate annualised cashflows of US$8 - US$12 million; and longer-term an overall field development could ultimately comprise up to 30 wells in total, with a peak projected production of approximately 4,000 bopd;

2. Appraisal well and extended well test at Weg Naar Zee in Suriname planned to be drilled in July 2021, budgeted cost US$0.7 million capital expenditure, and paving the way for an initial field development projected to produce c.100 bopd / generate annualised cashflows of US$1m per annum; and longer-term with a full WNZ field development scenario projected to generate annual cash flows for the Company in excess of US$2.5 million

3. Ongoing production maintenance and enhancement work in Trinidad and Tobago, from five producing fields with current production averaging in the range of 450 - 500 bopd, currently generating annual cashflows to BPC of approximately US$3 million per annum, and with the potential for cashflow growth from enhanced production levels and/or increased oil prices

4, "The Company is focussed on restoration, renewal and refreshment. In this context, the Company's forward business strategy for the coming 12-18 months has been firmly set, on significantly increasing oil production and thus cashflow from our assets in Trinidad and Tobago and Suriname, which the Board considers to be the most effective manner in which to restore value and create a foundation for future value growth. In support of this strategy, the Company is calling an Extraordinary General Meeting, to put before shareholders a series of actions with a view to 'resetting' the Company and its capital structure, along with a recapitalisation of the Company and a cost reduction initiative.

5. Eytan Uliel, CEO designate, said:

"Our Company has a diverse full-cycle portfolio of production, development and exploration assets. The work program for 2021 and beyond is busy, and contains many value triggers. The re-set proposed today will enable us to get after that value, through building production and cashflow. I am excited by the prospect of leading Challenger Energy Group, and I look forward to engaging with all our stakeholders over the coming months."

All looks good in the long run

"In this context, the company's forward business strategy for the coming 12-18 months has been firmly set, on significantly increasing oil production and thus cashflow from our assets in Trinidad and Tobago and Suriname, which the board considers to be the most effective manner in which to restore value and create a foundation for future value growth.”

from the RNS - looks good for future growth.

jono44 a 10:1 may look positive for investors in a possible Farm in, nothing daft about that

That is LT, but Short term more chance of Farm-in if this happens and still think a Farmin will happen. Bully1985 have you actually listened to the following: https://www.youtube.com/watch?v=NmJ2-gkVHaE