Bahamas Petroleum Share Discussion Threads

[cthesherrif] 02/9/2019 21:20

Ok thanks guys. Will this mean that our shares become less valuable and we lose money if they issue more shares?

[linton78] 02/9/2019 21:15

Yes, everyone should call their broker and approve all resolutions.

It’s a no brainer for the company and shareholders.

[armatrading] 02/9/2019 21:08

What mpls and laallee said!!!!

[laallee] 02/9/2019 20:59

They are issuing more shares to get us to the drill phase whilst giving themselves a lump of shares as they see fit.
If you want to get the drill turning, vote for all actions.

[mpls] 02/9/2019 20:59

In a nutshell the authority to raise capital via the loan notes and issue of shares so they have the money for a drill to 1H2020, probably 1Q2020.

The preference is still a JV and BPC may not need to raise the money.

BPC are strengthening their hand in negotiations with prospective partners.

The potential JV companies will look to the AGM to see if BPC get the authority.

So, if you want a drill or two next year vote YES.

[cthesherrif] 02/9/2019 20:07

So I have received the pack from BPC asking me to sign and send off. Can someone please summarise what they are asking me to sign up to or sign away as I don’t fully understand it.
Thanks

[whoppy] 02/9/2019 20:05

I think the phone call at the end was Exxon.

[stewart4990] 02/9/2019 19:41

Armatrading,A good listen, sounds very good indeed

[whoppy] 02/9/2019 18:00

Cool. Potter is doing the rounds.

[armatrading] 02/9/2019 17:48

Have a listen to this, 35 minutes in:

[mpls] 02/9/2019 17:21

Try harder Texas

[texaschaser] 02/9/2019 17:20

And down she goes. I can hear naked shorts chomping to get to 1p because drilling is years away, too much ramping by peeps who will get bored and hope you carry the can for them. Inevitable. Suckers.

[mpls] 02/9/2019 13:55

Feed is screwed.

[martyn9] 02/9/2019 13:54

How odd,sp offer and bid all @3p !!

[archlight] 02/9/2019 09:28

Hurricane Dorian Tropical Cyclone Update
NWS National Hurricane Center Miami FL AL052019
400 AM EDT Mon Sep 02 2019

PRESENT MOVEMENT...W OR 270 DEGREES AT 1 MPH...2 KM/H

LOCATION...26.6N 78.1W
ABOUT 40 MI...65 KM E OF FREEPORT GRAND BAHAMA ISLAND
ABOUT 125 MI...200 KM E OF WEST PALM BEACH FLORIDA
MAXIMUM SUSTAINED WINDS...165 MPH...270 KM/H

[linton78] 02/9/2019 09:16

Just spent 10 mins on the phone to my broker (Barclays Stockbrokers) and voted for all resolutions at the AGM.

They didn't have the resolutions listed at first which was strange but promised to pass on my votes regardless as I can't attend the AGM.

[martyn9] 02/9/2019 08:59

Yes advfn not working at the momement.

[pkeenan2018] 02/9/2019 08:55

Is the app down, doesn't seem to be updating. Is anyone else experiencing this problem?

[whoppy] 02/9/2019 08:15

I doubt mm's are going to give away cheap shares today, but if they do, then snap them up as they won't last long.

[whoppy] 02/9/2019 08:09

The Bahamas really need oil to come in for them.

[johny cash] 02/9/2019 08:07

Rayrac did your daughter get home ok?

[linton78] 02/9/2019 07:41

Just read in the Tribune the rebuilding estimate is $8.1bn.

[whoppy] 01/9/2019 23:19

yeah, some videos from first landfall at Abaco and aftermath.

[bones] 01/9/2019 23:09

Naturally I hope the residents also stay safe, whoppy!