Member Info for willec

Lets see if we bounce tomorrow. Can we go above 2.67p or only if BPC goes above 3.33p per share?

'The Purple guy'? - What, who

Just heard the interview with BCP CEO and it looks very promising for both BCP and CERP towards the end of the year, hears hope for a nice Christmas Present in sp terms.

Razorman - are you basically saying the sp is irrevelant as we will still own shared in the new company. Question is do we trust the new board. I imagine current operation will continue.

If BPC have more money how is this negative for CERP as will will have more cash and betteer prospects won't we. This could be a very good start to a new era as Saffron is successful and moving to S1 free drill with more drilling to come and the big one for BPC at the end of the year. Could this be the year we become millionairres?

Razorman - are you basically saying the sp is irrevelant as we will still own shared in the new company. Question is do we trust the new board. I imagine current operation will continue.

If BPC have more money how is this negative for CERP as

Question is after the video last month and his uturn can we tust him. He is however going to be inn charge of the drilling isn't he so hopefully this will be good news for BPC

I think we get 2.67p per share, but hoping BPC will be good in the future with the new shares or hoping for a counter bid.

One of three options:

1) Counter bid and raise the stakes
2) Merger have the shares in the new company and hope for further growth in the risk free SWP, with more risk in other areas
3)Screwed but management

I hope 1) and a counter bid ill up the stake but if not 2) will increase production save long term costs and boost the sp.

Why did it fall 18.75% was it MMs, the ridiculous bid offer or panic selling.

Interested to know the sp at the end of the year. Saffron producing with S1 ready to go must be worth enough in the company. Looking to get out at 10p minimum.

I can't see Leo merging with BPC unless he was absolutely suree in would benefit CERP, so many proects line up on the CERP side with one successful drill, a free drill in S1, Suriame Goudron and Trinity this year + 60 well. Maybe merge to boast finance for these drills for Q3 / Q4 2020. I assume S1 is going ahead anytime now. I can now imagine him cancelling this drilling program. Then any drills on top, which he will be in charge of on the BCP side. Hoping the sp will increase faster. Isn't the merger price irrevelant as still have shares in the new company. Just hope oot is not going too far to quickly and I assume between now and the t/o drills will continue. The price was probably kept down to reduce the amount BPC had to spend, Apart from losing 197 shares per 1,000 CERP will not lose anything and if the drills are quicer and successful them quicker returns. Just a thought any views

He was so different on the interview a month ago what has changed in 30 days?

I would like to hear from Leo Koot to explain the RNS in depth or what he can anyway.

Listening to this 1 month ago it all seemed very positive

https://www.youtube.com/watch?v=H1wlRmBJEig

Baraboy123 - I was hoping to sell at 10p if not 15p. Is 15p possible if buying frenzy and other bids come in? Serious question

I don't really come across these situations much, some people are saying 5p is cheap - considering it was near 5p last year with none of the news we have had on Saffron etc. I can not see how these should exchange hands for anythig under 5p minimum, if it happens crooks are around arent there.

For each share in Columbus they own, shareholders will receive 0.803 Bahamas Petroleum shares.It's a deal which values London-based Columbus at GBP25.1 million, an 11% premium to its 2.40 pence closing price on Wednesday.

(2.40 * 11% = 2.64p) Therefore, how will it get over 3p if the deal equates to 2.64p per share?

sorry 2.66p

Baraboy that is only 2.64p - nowhere near 3p - how are you to get to 3p?

any chance of a bidding war to move the sp up further?

Why would it hit 3p when 2.40p + 11% = c2.64p. I would have thought it would stay and this levels until merger complete. Why would it go above 2.64p

What - the bigger picture is final sp c 2.6 per share. reduced number of shares in BPC and have to rely on new management and hope they deliver. They are smaller than CERP what makes them think they will do better.