Bahamas Petroleum Share Discussion Threads

[whoppy] 15/2/2019 12:31

Induna, yes sorry, I was thinking of 1000 rather than 100k, so only one extra zero which could have been a fat finger. Still think it was a conviction buy though. Near future developments have been incubating for a while, imo

[linton78] 15/2/2019 12:04

1.45 to buy.

I've given up trying to read the graph on this one... !

[martyn9] 15/2/2019 11:40

Here we go on the rollercoaster ride again :)

[bigsi2] 15/2/2019 10:20

Tree shake ! Nice example of specious reasoning

[old coaster] 15/2/2019 09:59

When is the news coming? I’ve been waiting a long time and was thinking of selling. But think this latest move is just a big buyer “shaking the tree”. It’s a crafty way to get the sellers out.

[cinoib] 15/2/2019 09:47

All buys so far including that NEX decent buy.

[induna123] 15/2/2019 07:07

whoppy14 Feb '19 - 19:32 - 27684 of 27691
0 1 0
Yeah right. It's so easy to key in too many zeros, up to three too many, and press the buy button for £16,000 instead of £1,600... Lol


No, only one zero. I know it's hard for you to believe other people might have more than £16k in their trading account. Not everybody has all their cash tied up in non-performing stocks where they can't bear to sell and admit defeat.

[linton78] 14/2/2019 23:28

Hummer still likes our company despite not having any shares. Bless him.

[whoppy] 14/2/2019 23:24

Silence must be heard.

[dynamohum] 14/2/2019 22:42

Put on the foot powder and get to bed whopper, the bulletin board needs you 24/7
Tinnitus can be caused by high blood pressure, make an appointment.. .👂

[whoppy] 14/2/2019 22:38

What's that humming sound? Lol

[whoppy] 14/2/2019 22:27

Got to be in it to win it, Linton.

[linton78] 14/2/2019 22:22

Another day nearer to news...

[whoppy] 14/2/2019 19:32

Yeah right. It's so easy to key in too many zeros, up to three too many, and press the buy button for £16,000 instead of £1,600... Lol

[induna123] 14/2/2019 18:57

It's looking like that 1m trade at 1.6p the other day that sparked this recent buying frenzy was a fat finger trade. I'm guessing the guy only wanted 100k instead of a million. He may have just about got out without too much of a loss with all the mug punters steaming in with no thought.

[whoppy] 14/2/2019 17:11

oh, BPC have stated they are in discussions about the licences and possible extensions. They have exceeded obligations in spending and operations, apart from drilling..haha, but are now working on that with big Mac who are in the process of brokering a deal of some sort, unless they've been terminated?, but I've not heard that MacQuarie are no longer involved so presume they are putting a deal together. The bigger the oil major the longer it takes I'm afraid, such is their DD and legal departments and number of different personnel involved, going up the chain from Exploration manager to the CEO. They've all got to have their say.

[bigsi2] 14/2/2019 17:00

Your making some rather large assumptions -Please allow me to correct you ...Firstly the last renewal from GOB was given due to circumstances OUTSIDE of BPC's control, namely delays caused by the governments slow progress on legislation- This time the lack of progress is SOLELY down to BPC failure to meet obligations - they had to begin drilling "activities" in April 2018 and had a year to spud- the licence as is will expire without them meeting this obligation. You have no confirmation from the GOB itself that it is relaxed about licence obligations and an extension, only a company representative has stated this.. off the record.. and as such should be viewed with a fair degree of scepticism.Neither do you have confirmation or evidence that Mcquerie has funding in place..as such you can't state that the GOB would see this as meeting obligations for licence. I am relatively positive that licence will be extended but this is far from a foregone conclusion.as for funding .. there are so many variations on how the company could secure funding and how favourable they would be to shareholders that it's anyone's guess.

[whoppy] 14/2/2019 16:44

Brexit is so easy, just leave and keep the £39Bn!!

[whoppy] 14/2/2019 16:44

Lol..BPC makes Brexit look like a walk in the park.

[whoppy] 14/2/2019 16:40

The EA submitted dealt with the need to begin drilling. Macquarie funding or partner is likely before the end of June when the next renewal is due, although there is likely to be an extension due to delays that were outside of BPC's control. The government are relaxed about a well not being drilled before the renewal but would like to see the funding in place. All options are on the table. Just a question of is it the preferred one, ie an oil major or independent. They will know by now if there is anyone and should be working on offers and negotiating the percentages. Hope there's more than one wanting to drill. Who wouldn't want to? Saudi Aramco looking for projects.

[bigsi2] 14/2/2019 16:34

Glad you having fun Whoppyyour endless optimism is remarkable.you should apply to BPC for a PR role

[bigsi2] 14/2/2019 16:31

I would suggest the share price is now in danger of reaching new (recent) lows as those that have mistakenly IMO bought in thinking news was forthcoming rather than recognising it as a lack of liquidity will now gradually drip feed sells as they bail. News of licence renewal or possible lack of will be the most likely next RNS . a renewal would be excellent news - a revoking of the licences due to the company's failure to meet obligations would be dire ... obviously