Bahamas Petroleum Share Discussion Threads

[tuckman] 10/3/2020 11:04

IMO only when they complete the rig process will they then be able to clean up insurance paperwork. Basically just IMO waiting on the `major` or super major` or consortium players to sort their paperwork out. Sooner the better :)

Russians going back to the table tomorrow, hmmmmm

[the3for2] 10/3/2020 10:54

Good find Linton.... My take on the article is I think the minister was just reeling off a check list rather than inferring completion of those elements

[bunz3] 10/3/2020 09:43

was thinking that yesterday ,was also thinking that some selling might soon be buying back in again

[lithological heterogeneities] 10/3/2020 09:41

It's only money.More important things in life.

[bunz3] 10/3/2020 09:34

while was disappointed with yesterdays rns ,hoping more good news flow may be seen as drilling date gets closer

[bunz3] 10/3/2020 09:32

this stands out from yesterdays rns

2. Prior to 31 March 2020, the Company (at its sole option) can notify the Subscribers that the Company wishes to scale back the amount of the Convertible Notes by up to 50%, at no cost or penalty to the Company (the Company has previously noted that, should alternative financing become available on terms more advantageous than the Convertible Notes, it would consider substituting part of the Convertible Notes, thereby achieving a better outcome for shareholders.

[globalspecialist] 10/3/2020 09:23

Yes. Mugs providing liquidity in a dead cat bounce. Idiots. 👏👏👏👏8079;🥂ԍ46;🥂🥂;🥂

[bunz3] 10/3/2020 09:07

global ,are you of todays buyers loading up on shares again after yesterdays drop across market

[casket1] 10/3/2020 09:06

I also note the CLN subscription, but for only £65k. Why such a small sum ? Do BPC really need just £65k, just seems an unusually small amount. With someone with better knowledge like to explain why such a small sum. Thanks for your comments in advance. C.

[bunz3] 10/3/2020 09:04

people making use of lower share prices across market to buy back into shares at a lower price for some

[globalspecialist] 10/3/2020 09:02

IDIOTS. ARE YOU ENJOYING the dead cat bounce before we collapse. Come on idiots / buy some stocks so we can short further into strength and liquidity 👏👏👏👏8079;👏Ԁ79;

IDIOTS.

[tuckman] 10/3/2020 09:01

Sadly it will not lift much IMO until the IMO `forward selling` stops, another 400k just to dampen the spirits but at least there has been a buyer for them :)

[bunz3] 10/3/2020 08:58

bpc looks to only around 17th on the risers board ,still nice to see share price blue again

[bunz3] 10/3/2020 08:54

as well as the buying at bpc encouraging to see the buys coming into other oil shares some money might be made today for the people timing their buying right

[tuckman] 10/3/2020 08:50

Hopefully hold above 3p today, IMO as with yesterday some forward selling again today, 500k 250k etc sales just putting a hold on the rebound from yesterday. At least we now have a deadline of 31st March to maybe `prove up` the farm in, and hopefully at some time before that the all important rig details. Where is it coming from, who`s is it and when are we going to start in April?

Lots to look forward to in the next few weeks

:)

[whoppy] 10/3/2020 08:43

Rollback is due to other financing on better terms, including a farmout. Decision on 50% scale back before 31st March. CLN subscription for small amount £65k unconditional, with subscribers agreeing to 15th April as a date to unconditionally subscribe for £1.5m, if so an extended date until 15th May. They wouldn't subscribe unconditionally if they thought drilling was not happening..sure slight delay but as the RNS states, it's all about optionality and allowing the best funding package to be arranged that reduces any dilution.

[globalspecialist] 10/3/2020 08:38

As the pros like me cover our short positions and take profits this produces a cosmetic effect of perceived strengths. Mugs and retail are usually “sucked” into these fake rallies and provide liquidity for the pros to open their short positions again at higher levels.

This is what is happening right now as we are going down. The market will turn this afternoon or by tomorrow at the latest.

Thanks for the liquidity mugs. Enjoy the impending collapse again. Your Messiah and bearer of all financial knowledge has bestowed some valuable information in your direction again 👏👏👏👏9346;🥂ԍ46;🥂🥂;🥂

IDIOTS

[bunz3] 10/3/2020 08:37

good to see how many shares blue again today across the market

[pro_s2009] 10/3/2020 08:35

I did last week. The constant rolling back of the CLN date is looking murky now.......risk too high, took my profits.

Now watching only for the moment. I want clarity on the funding before coming back in.

[bunz3] 10/3/2020 08:35

maybe you are one of the many buyers across so many shares this morning

[globalspecialist] 10/3/2020 08:33

LESSON NO 4 : DEAD CAT BOUNCE. otherwise known as suckers rally.

[thatsmart1] 10/3/2020 08:33

Sounds as though you sold out Pro.

[globalspecialist] 10/3/2020 08:33

I will keep 25% of my holding just in case of a miracle for them.

[globalspecialist] 10/3/2020 08:32

Muppets. Your portfolios is being destroyed like the peasants Seaweed already has. He is struggling even to feed his lower social class family.

Peasant- you are wiped out by the Messiah. Hahahhah