Bahamas Petroleum Share Discussion Threads

[globalspecialist] 27/2/2020 11:07

It is not only amazing foresight. It is knowledge, experience and intelligence beyond the level of comprehension of a majority of muppets here - you excluded. Unfortunately the above is what will happen - best outcome therefore is a farm in and at least we will see double digit during the drill.

[linton78] 27/2/2020 10:59

Mike - he's our very own Mystic Meg.

This is the guy who said the drill would never happen only 3 months ago.

I'm off to empty some bins. ;-)

[walkermike1] 27/2/2020 10:55

If only we all had your amazing foresight. Pass the crystal ball over here, will you?

[globalspecialist] 27/2/2020 10:45

BigSI aka Simon Linley you are clueless generally which is why you sold your stock at exactly the wrong time after 10 years of waiting for the drill.

Now on point of the Shareprice:

1) The markets are irrelevant with performance here - there is no correlation between this stock and the markets as long as oil prices remain above $40 so it is a pipe dream when muppets talk about the market depressing the shares today.

2) 5-5.5pp pre full financing is absolutely the right price for this stock and it will not go any higher

3) Full funding in the next RNS and without doubt it will happen will see the new equilibrium just above 6 as we go into the drill.

4) On day of drilling we will fall 15-20% to low 5's again

5) On a one well campaign we will not move much past 6-7p during drilling

6) Only way we approach the magic 10p figure and it will not be much higher before the results of the drill are known is if we get a farm in partner allowing BPC to prosecute a multi-well campaign

I told you muppets before just because you think it will be 10p on this news it will not happen the same way that Muppet BigSI now thinks that the share price is going to come down. Stocks react to fundamentals and unfortunately for all you muppets out there the above is the reality of what will happen.

[bigsi2] 27/2/2020 10:38

There is no contingency's the CLN agreement for the share price falling below conversion price to say 0.5pWhat does that tell you?They will convert prior to TD

[bigsi2] 27/2/2020 10:35

And how many shares to sell to recover 10m on a failure at 0.5p??

[armatrading] 27/2/2020 10:33

Human trials testing a potential vaccine for the COVID-19 coronavirus are expected to begin in six weeks, U.S. health officials announced Tuesday.

“We are on time at least and maybe even a little bit better,” Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, an agency within the Department of Health and Human Services, told reporters at a press conference. “Hopefully, no further glitches.”

[whoppy] 27/2/2020 10:33

Subscribers are here for the oil..Of course they might sell some shares like all of us will, but they will keep at least half for the well result. Like I say, if there is a farmout the share price will just explode to 10p or more how many shares does one need to sell to recover $12.5m at 10p?? 100m shares..it's peanuts. You are a bit simple on this I think Tom.

[whoppy] 27/2/2020 10:25

Bigsi it's pocket money to Bizzel. They are in it for the oil. They really couldn't care less if the money was not returned. It's a gamble hence why they are only putting in $12.5m. The rest is being funded by others including shareholders. Spreads the risk. It's also a tactic to get a farmin partner on good terms for BPC. Do you think the CLN will still not be used if they get a farmin partner..Lol if so.

[novice2006] 27/2/2020 10:20

BigSi, the EA has cleared any doubt about government backing. The majors will get serious now.

[bigsi2] 27/2/2020 10:18

Would you lend someone $12m who would have no way of repaying on drill failure?? BPC needs a partner !!Simple

[bigsi2] 27/2/2020 10:16

Still not accepting the repercussions of the finance ??5p is rather generous - between now and spud or just after there will be 100s of millions of shares converted and sold into the market - those lending will be cashing out ASAP- given the macro market environment presently it will likely be much worse as previously. Any news will be sold into

[seagreen] 27/2/2020 10:11

reading the national geographic article as figured they would be unbiased and factual there are dozens of corona family viruses........this stuff has been known about for yonks....would think someone must have or nearly have a vaccine ready to go surely...

6/4 it came from that lab in Whuhan
8/1 it came from Trump
66/ it came from a Corbyn lackie

Bit of an eye opener article......they must be close to a vaccine surely

[walkermike1] 27/2/2020 10:08

I know. Mind boggling really.

[whoppy] 27/2/2020 10:07

Can't believe it's still at 5p. Green light to drill means all systems go.

[walkermike1] 27/2/2020 10:00

11% up in this market. This will rocket when markets turn.

[bunz3] 27/2/2020 09:59

stewart ,such bad timing for bpc and investors and the people across the world effected by coronavirus hoping a vaccine may soon be found ,while I may be disappointed with so much selling here today my thoughts go to people and families effected by coronavirus

[stewart4990] 27/2/2020 09:41

Mr share price yes fully agree 6p to 7p today without Coronavirus governments and companies should and I hope they are should be putting billions to get a vaccine for Coronavirus, the markets would then get back to norm and people would feel safe and put cash back into the markets.

[specialist protector] 27/2/2020 09:28

Better news is coming. The next RNS on financing guarantees the drill and establishes a new range around 6p. A farm in and the range ore drill will be 8-10.

[lithological heterogeneities] 27/2/2020 09:26

Great news today.

[novice2006] 27/2/2020 09:18

Thanks whoppy

[jone06] 27/2/2020 09:14

The EA approval was the last element that was outside of BPC control and was a blocker. Now cleared funding streams of any type will be far easier.

[whoppy] 27/2/2020 09:11

Drill ships are usually more expensive as they are top end kit. BPC must have a really good deal with Seadrill. I guess if it's sitting around doing nothing then Seadrill may aswell let BPC use it just to keep it ticking over mechanically. Ususally cost $400-500k a day, but BPC getting it for $215k a day. It's the best way to drill a well like Perseverance. Powerful rig.