Bahamas Petroleum Share Discussion Threads

[specialist is the living god] 20/2/2020 13:29

The ban is enforced fully now

[specialist is the living god] 20/2/2020 13:29

Muppets who are on an F are not allowed to post.

[specialist is the living god] 20/2/2020 13:29

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[specialist is the living god] 20/2/2020 13:28

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[thatsmart1] 20/2/2020 13:26

Luvvly jubbly, it seems they have the upper hand!

Company continues to evaluate farm-in options as part of its overall risk mitigation strategy which could further expand its available funding resources, if appropriate

Simon Potter, Chief Executive Officer, commented:

"We continue to make rapid progress toward the drilling of Perseverance #1, our first exploration well in The Bahamas, expected to commence in April 2020 .

[thatsmart1] 20/2/2020 13:23

RNS highlights.

Highlights:

-- The Company has entered into an agreement for a zero-coupon, second ranking, unsecured GBP8 million ($10.5 million) convertible bond facility, of which 90% is available for cash draw down, provided by an institutional family-office investor based in the Bahamas

-- Facility will see immediate cash inflow of GBP2.43 million (approximately $3.2 million), with access to the balance of the facility available to be drawn at the Company's election, in four committed instalments through the course of drilling of the 100% owned and operated Perseverance #1 well, expected to spud in April 2020, targeting recoverable prospective resources of 0.7 - 1.4 billion barrels of oil

-- Company continues to evaluate farm-in options as part of its overall risk mitigation strategy which could further expand its available funding resources, if appropriate

Simon Potter, Chief Executive Officer, commented:

"We continue to make rapid progress toward the drilling of Perseverance #1, our first exploration well in The Bahamas, expected to commence in April 2020 .

[specialist is the living god] 20/2/2020 13:22

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[specialist is the living god] 20/2/2020 13:21

Messiah is the all powerful.

[specialist is the living god] 20/2/2020 13:21

Hello Muppets

[thatsmart1] 20/2/2020 13:20

Here it is again in case anyone has not got that idiot SL on filter.

I think people may need to understand what Malcy is saying, he's not knocking this funding agreement, he's being complementary of the ingenuity. It speaks volumes for what serious money investors think of the project, that being they are happy to pump large sums of their own money in as a form of half-way house 'debt' on very good terms to BPC. People must remember you can really only take on 'debt' (of this size in, this context) if you are considered a genuine business and going concern by serious money lenders, it demonstrates great belief and certainty in the project.

Reading between the lines it also goes to show what must have been told to these lenders in order for them to part with very large sums of money i.e. you're money is 'safe' because we have these farm-in options available to fall back on, which we are still trying to better and your money we can help achieve this.

With respect to farm-in, i don't think i have ever read something so certain that farm-in options are available. Be in no doubt, farm-in options are now available, it is there in black & white regulatory controlled text direct from the Company. It is within BPC's gift if they "choose" to do so now.

The Company is now at a new baseline that can only be bettered in my view.

Good luck everyone, things are very close now.

[specialist protector] 20/2/2020 13:20

The ban will be enforced with full prejudice.

[specialist protector] 20/2/2020 13:19

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[specialist protector] 20/2/2020 13:19

hahahahhahah

This is the price of intolerance.

[specialist protector] 20/2/2020 13:19

Has your intolerant behaviour benefitted you muppets!

[specialist protector] 20/2/2020 13:18

How is the banning working for you all.

[specialist protector] 20/2/2020 13:18

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[specialist protector] 20/2/2020 13:18

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[specialist protector] 20/2/2020 13:18

Boards performance is currently an F.

You know what that means - the Messiah just told me that you are all failing today.

As such unless behaviour improves the Messiah will ban you all from posting tomorrow as well.

The Messiah is all knowing.

PRAISE BE TO HIM

[specialist protector] 20/2/2020 13:18

MESSIAH JUST TOLD ME THAT HE DOES NOT BELIEVE IN AN EYE FOR AN EYE.

HE BELIEVES IN 100 EYES FOR AN EYE.

HE BELIEVES IN PAVLOVIAN CONDITIONING.

[thatsmart1] 20/2/2020 13:17

Here it is again in case anyone has not got that idiot SL on filter.

I think people may need to understand what Malcy is saying, he's not knocking this funding agreement, he's being complementary of the ingenuity. It speaks volumes for what serious money investors think of the project, that being they are happy to pump large sums of their own money in as a form of half-way house 'debt' on very good terms to BPC. People must remember you can really only take on 'debt' (of this size in, this context) if you are considered a genuine business and going concern by serious money lenders, it demonstrates great belief and certainty in the project.

Reading between the lines it also goes to show what must have been told to these lenders in order for them to part with very large sums of money i.e. you're money is 'safe' because we have these farm-in options available to fall back on, which we are still trying to better and your money we can help achieve this.

With respect to farm-in, i don't think i have ever read something so certain that farm-in options are available. Be in no doubt, farm-in options are now available, it is there in black & white regulatory controlled text direct from the Company. It is within BPC's gift if they "choose" to do so now.

The Company is now at a new baseline that can only be bettered in my view.

Good luck everyone, things are very close now.

[thatsmart1] 20/2/2020 13:17

Here it is again in case anyone has not got that idiot SL on filter.

I think people may need to understand what Malcy is saying, he's not knocking this funding agreement, he's being complementary of the ingenuity. It speaks volumes for what serious money investors think of the project, that being they are happy to pump large sums of their own money in as a form of half-way house 'debt' on very good terms to BPC. People must remember you can really only take on 'debt' (of this size in, this context) if you are considered a genuine business and going concern by serious money lenders, it demonstrates great belief and certainty in the project.

Reading between the lines it also goes to show what must have been told to these lenders in order for them to part with very large sums of money i.e. you're money is 'safe' because we have these farm-in options available to fall back on, which we are still trying to better and your money we can help achieve this.

With respect to farm-in, i don't think i have ever read something so certain that farm-in options are available. Be in no doubt, farm-in options are now available, it is there in black & white regulatory controlled text direct from the Company. It is within BPC's gift if they "choose" to do so now.

The Company is now at a new baseline that can only be bettered in my view.

Good luck everyone, things are very close now.

[thatsmart1] 20/2/2020 13:17

Here it is again in case anyone has not got that idiot SL on filter.

I think people may need to understand what Malcy is saying, he's not knocking this funding agreement, he's being complementary of the ingenuity. It speaks volumes for what serious money investors think of the project, that being they are happy to pump large sums of their own money in as a form of half-way house 'debt' on very good terms to BPC. People must remember you can really only take on 'debt' (of this size in, this context) if you are considered a genuine business and going concern by serious money lenders, it demonstrates great belief and certainty in the project.

Reading between the lines it also goes to show what must have been told to these lenders in order for them to part with very large sums of money i.e. you're money is 'safe' because we have these farm-in options available to fall back on, which we are still trying to better and your money we can help achieve this.

With respect to farm-in, i don't think i have ever read something so certain that farm-in options are available. Be in no doubt, farm-in options are now available, it is there in black & white regulatory controlled text direct from the Company. It is within BPC's gift if they "choose" to do so now.

The Company is now at a new baseline that can only be bettered in my view.

Good luck everyone, things are very close now.

[specialist protector] 20/2/2020 13:17

PRICE OF INTOLERANCE IS A HEAVY PRICE TO PAY.