Bahamas Petroleum Share Discussion Threads

[linton78] 05/2/2020 16:10

Do we have any posts in English please?

[thatsmart1] 05/2/2020 15:45

I'm too lazy to crow today.

[11_percent] 05/2/2020 15:17

SpecialistsLegion
5 Feb '20 - 11:18 - 36503 of 36506
0 0 0
Absolutely no need to inform shareholders but at this stage the price is telling you all you need to know...…..indeed, that's its the USUAL pump & dump by the scammmmers…...some never learn....

[linton78] 05/2/2020 14:26

Now you’ve gone long.. farm out , farm out!

Lol - keep it balanced. :-)

[bigsi2] 05/2/2020 14:23

ummmm- excuse me !!!!that wasn't a ramp... balanced as ever lol

[bigsi2] 05/2/2020 14:22

Well it's personal preference-The reward for 100% is huge as is riskMy plan is to make majority of profit pre drill so personally a JV partner is preferable as Im sure it would allow share price to appreciate to a greater extent due to reduced risk and multi well option

[linton78] 05/2/2020 14:22

BigSi - that made me laugh. I’ll give you that one.

Ps - stop ramping on LSE, your worse than me and Whoppy these days.

[bigsi2] 05/2/2020 14:19

spot onthe CLN will be converted or forward sold at some point prior to drill -without a JV partner would you lend $13m on a binary outcome??conversion is at 2.5p and coupon at 12% plus fees.I'd rather get it out the way at 2.75p if the partner option doesn't happen - still very much the best outcome is securing a farm out

[lithological heterogeneities] 05/2/2020 14:17

BPC have looked at all their £100m's of data and picked the most likely successful chance as their first drill target.I am far happier owning 100% of the first and most likely successful drill rather than owning 30% of many much smaller CoS drills later on.So I prefer NO farm-in and 100% of a successful first drill targeting 0.77-1.44 billion barrels of oil.

[pro_s2009] 05/2/2020 14:12

In many ways the TW article maybe correct, if I were the CEO I would prefer to do a quick and dirty placing at 2.5p now - than take on the CLN terms........

When I say now, I mean in due course once the MF has closed off on the 7th.

88E did a top up placing very recently, and I would not be surprised if BPC are looking at the option as well as CLN and JV......the all important question remains which will they choose in order to get the drill done.

The drill will be done, the how remains the question.

Better get it out of the way and then let the share price rise properly from there.

[bigsi2] 05/2/2020 13:57

More like ....He's tellin' me more and more about some useless informationSupposed to fire my imagination

[bigsi2] 05/2/2020 13:55

It's AIM - corruption aboundsyou have to concede also that BPC has not been immune to pumping prior to placing for G&A- most years in fact.last year alone up to 3.3p (on a false rumour from Attorney General) and placed at 1.6p soon after

[linton78] 05/2/2020 13:54

Pro - are you basically saying:

you can’t always get what you want,
but if you try sometime you find,
You get what you need...

[bigsi2] 05/2/2020 13:50

perhaps that's always been the issue with farm out - termsI remember a conversation with share price albeit some years ago -2014 if I remember correctly where he was looking for $50m back costs as part of terms - additionally if the % retained was high then you can understand the reluctance of Majors to get on board. In the current climate for oil you'd think they would have lowered expectations somewhat.88E a good comparison- drilling for similar volumes

[thatsmart1] 05/2/2020 13:50

Great posts over at LSE:
------------------------------

Absolutely right Jim!

I am a person of extreme tolerance I believe.
However my blood boils when this sort of interference occurs.
We have a great board and I would encourage folks to be vociferous in putting down these P&Ds who appear only to encourage the volatility that Jim alludes to and which I believe sometimes results in honest folk getting screwed from the resultant fluctuations.
We can’t all sit with no stop losses and wait out the storm. Some folks are working their damdest to provide for a family etc.
We of the older brigade need to protect them if we can and not duck down below the parapet .
As I have said I love this board and how well it is policed by extremely intelligent commentary - and our own Bobby I think Bryn - please defend it.
Yes something may well be going on re funding and yes it could be better for us.
I for one have said and believe that the MF could/is massively overfunded and this may be part of the news headlines.
BUT.
Do not let the illigetimi grind you down!

GLA
XXX.

And...

Peope are Buying aggresively into any slight intra-day dip and we also have those very large singular trades.

I'm anticipating another significant price re-rate over the next few trading dates, moreso if the Farm in gets announced as many of us reasonably anticipate.

Maybe that's why the price is so buoyant despite TW's best efforts to trade it to his advantage.

[pro_s2009] 05/2/2020 13:45

They would prefer, imo, a farm in partner, like 88E have with PMO farming in.

However, the terms will always be the issue, no big company farms in by paying loads of money, they offer very little but want a lot of the percentage upside.

[linton78] 05/2/2020 13:17

Still time.

[grity] 05/2/2020 13:10

Why has a partner not stepped in?if the spud is about to explode in April I keep asking myself.Been in here since 22p