Bahamas Petroleum Share Discussion Threads

[specialistlegionsupercharged] 09/3/2020 12:20

Good luck smooth.

Rest of you muppets make up stories to comfort yourself. Even better listen to Whoppy- he is an incredibly wise and clued in investor. 😜😜😜😬

Dow 22,000 is the first stop. I will then let you know how much more money you will be losing.

[specialistlegionsupercharged] 09/3/2020 12:12

Good afternoon muppets.

I see many of your portfolios have been destroyed as the Messiah pre warned. Bad luck. Idiots.

[whoppy] 09/3/2020 12:11

Seadrill have said in their Q4 results ending 2019 that the West Saturn and West Jupitor will be idle for all of Q1, ie until end of March, and will not be contributing any revenue. They don't have contracts for them.

[specialist_nob] 09/3/2020 12:07

Hi specialist. Great news you are finally selling BPC. You can then leave the board and never return!

[smoothtrader] 09/3/2020 12:04

Totally understand your course of actions. After all it's what we are in here for. That is make few quid or two.I'm ok. I'm still in the blue. I'm in at 1p (and all paid for years ago) so still up. I'm gonna take a risk like I have been doing for years following the bpc groovy train.Good luck.. Hope the Dow goes down. Cos I'm in for that big dividends from u. Lol

[muppetsportfoliodestroyed] 09/3/2020 11:44

WE ARE ONLY AT THE BEGINNING OF THE SELL OFF - MUPPETS.

Dow soon at 22,000 and then we sell it to 18,000 but I will advise. FTSE already at 6,000 and we will sell it to below 5k. Hooray

See your portfolios implode as the great Messiah predicted weeks ago.

Mugs - how is the no impact Coronavirus working for you guys?

IDIOTS!

[muppetsportfoliodestroyed] 09/3/2020 11:38

HAHHAHAHAHAHA

I am talking to myself again Hi very special

These poor muppets are going bankrupt

IDIOTS AND MUPPETS DESERVE THIS. THEIR MESSIAH TOLD THEM

MARKETS ARE NOT FOR IDIOTS - ONLY THE MESSIAH KNOWS IT ALL

IT IS SO GOOD TO SEE THESE MUGS LOSE THE BREAD THEY NEED AT NIGHT

NOW GO BANKRUPT MUPPETS

[bigsi2] 09/3/2020 11:28

Somehow PMO are not credible despite stumping up 20m cash-and lying BPC and it's phantom super majors are credible??The fact that PMO as of today are in big trouble says it all RE oil climate and financial climate -

[muppetsportfoliodestroyed] 09/3/2020 11:27

RIG IS NOT SORTED< IT IS GAME OVER. MUPPETS DREAMS HAVE BEEN SHATTERED AND THERI PORTFOLIOS HAS ALSO IMPLODED.

IDIOTS YOU DESERVE THIS

[bunz3] 09/3/2020 11:23

after todays rns we don't know if rig is sorted

[muppetsportfoliodestroyed] 09/3/2020 11:15

You have to react to events - Why I sold millions in shares and funds over two weeks ago and went short the DOW in size.

I thought that BPC would be protected from the market volatility given that it is an event driven stock. However I was not banking on a price war in oil between Russia and Saudia Arabia both of whom are now increasing production and Saudia Arabia just crashed it price of next month delivery by $8 per barrel.

That changes the fundamentals of the whole market and makes BPC non viable. Furthermore market is on risk off mode - hence no one will now lend them money and even the family office will take a small loss as opposed to putting more money in.

As such unfortunately as intelligent investors react to events I have to tell you the truth - IT IS GAME OVER.

Off to sell more although it will take some tome to off load my entire position here.

I fell sorry for you Smooth and wish you all the best. The other muppets however deserve seeing their portfolios implode and this will be the icing on the cake.

[linton78] 09/3/2020 11:12

I would say PMO are far from a credible partner....

[linton78] 09/3/2020 11:11

Guys - sorry this is BPC related …. no DOW jones rubbish included...


From JTK over on LSE...

The spot price for oil is largely irrelevant to BPC's mission to drill now. Yes, this is a good barometer for the general markets being in turmoil and everything will suffer because of that, BPC will be no different. I know i keep saying this but BPC's links to any oil price are in what people perceive the world oil market to be in 2 or 3yrs.

As for todays RNS. It's frustrating that things don't appear to be moving quicker and it's easy to feel a degree of annoyance and anger towards Potter and Uliel after their recent roadshows and interviews as they have been so public and vocal about certain things they obviously hadn't squared away yet e.g. rig. If the West Saturn has gone to someone else it has nothing to do with Seadrill messing anyone around, they will simply supply to the first company they receive hard cash from. I think BPC have probably dragged their heels on the rig as it wasn't their preferred choice for budgetary reasons and they were probably trying to negotiate something to mitigate these costs e.g. maybe a discounted period for a longer mobilisation. There should have also been more progress on license fees as this has been known for a very long time.

I think offers of a farm-in are real and on the table but they undervalue what BPC believe they are worth. When looked at in purely monetary terms BPC are probably only needing to find around something in the early 10's of million (11, 12, 13?) to get this drill away and i think there'll be an offer on the table of something like an 80/20 split. To give away 80% of the company with such potential huge rewards i think is a stumbling block for Potter & Co but i think, partly because they have such high share holdings. However, because of the current climate and fairly imminent requirement to start drilling, they will eventually take what's on offer. They will only do this though after one last stand as they will try until the absolute death to source another rig (maybe not a Seadrill one), if this fails they will opt for the farm-in. I think they will cross everything they have and hope the Louisiana becomes free, even if this means a late April/early May spud, which is where i thought we would be anyway. An early April spud was never on the cards to me.

I think the geological case remains unquestionable, i don't think anyone believes there is no oil there and again this is part of the problem. In the Boards professional experience they see all the tell-tale signs of a huge hydrocarbon resource and this is why they don't want to give it away.

Sooner or later we will arrive at Hobson's Choice as delaying further will become impossible, we are not quite there yet.

Good luck and stay positive, BPC are no different to anyone else at the moment, we aren't being singled out for persecution.

[bigsi2] 09/3/2020 11:06

For a comparison of explo peers -

check 88E currently DRILLING for 1.4bn possible barrels - fully funded for multi well camping with a credible partner in PMO- not racing against hurricane season and not in danger of losing licence.


market cap is today 60m

BPC 65m although dropping quickly

[smoothtrader] 09/3/2020 10:57

Hey.. Mr specialist.I see ure providing commentry by the minute.Didnt u say the same thing when the share price was at 2p ish (at the time of placing etc) that these were due to go bankrupt? Since then it went upwards upto 6p ish. Honestly , if u want out, then just do it gracefully. Peace!

[bigsi2] 09/3/2020 10:55

A comment for anyone who not currently suffering from what is proving to be very expensive confirmation bias...Last week I suggested that BPC would not secure the CLN- in the current (now far worse) climate who would lend $15m with no certainty of converting the 600m shares and thus repayment? without these funds BPC is not in a position to enter major contracts.so now they talk of a Possible execution of possible convertible loan note agreement deferred to 15 April, perhaps 15Mayas for a separate fund raise or farm out Let's see if 2.5psp and $30 oil works for them

[muppetsportfoliodestroyed] 09/3/2020 10:47

As the Messiah sells BPC share price collapses into bankruptcy.

IDIOTS, MUGS, LOSERS, YOUR PORTFOLIOS WERE DESTROYED WHN YOU IGNORED YOUR MESSIAH. NOW SEE AS YOUR DREAMS GO UP IN SMOKE AS BPC GOES INTO BANKRUPTCY. IDIOTS AND MUGS HAEV BEEN TAKEN OUT AS CAPITAL MARKETS IS A PLACE FOR SURVIVAL OF THE FITTEST

HAHAHHAHAHHAHAHHAH

HOW HAS THE NO IMPACT CORONAVIRUS WORKED FOR YOU MUGS?

Have only managed to sell 7M up to know. Over 5M to sell still. Enjoy the collapse.

Losers

[bunz3] 09/3/2020 10:36

just because some selling again ,nothing to take pleasure from if some may be making less profit or even selling at a loss ,

[muppetsportfoliodestroyed] 09/3/2020 10:28

Selling more now - Off loading everything before bankruptcy.

MUPPETS PORTFOLIOS DESTROYED

MESSIAH CLEANING UP

[bunz3] 09/3/2020 10:21

while not looking as good this morning after rns ,some times patience can pay with shares .some have sold .others holding to see if better news in future days or weeks

[muppetsportfoliodestroyed] 09/3/2020 10:16

NO FARM-OUT. BANKRUPTCY COMING

IDIOTS PORTFOLIOS DESTROYED

HOW IS THE NO IMPACT CORONAVIRUS WORKING FOR YOU MUPPETS?

MESSIAH'S REVENGE IS HARD AND WITHOUT PREJUDICE.

[muppetsportfoliodestroyed] 09/3/2020 10:14

Enjoy as the price collapses.

Trade Confirmation
You have sold 1000000 Bahamas Petroleum Ordinary Shares Of 0.002 Pe at £ 0.029725
Stock
Bahamas Petroleum Ordinary Shares Of 0.002 Pe (BPC)
Trade Date/Time
Mar 9, 2020 10:12:51
Transaction Reference
EQ11447476
Execution Venue
On Exchange AIM MTF
Settlement date
Mar 11, 2020
Order Type
Sell
Decision Maker
Account Holder
Price
£0.029925
Consideration
£29,925.00
Commission
£15.00
PTM Levy
£1.00
Stamp Duty
£0.00
Quantity
500000
Total Cost/Proceeds
£29,914.00