Bahamas Petroleum Share Discussion Threads

[linton78] 12/3/2020 20:58

Thanks whoppy - good spot.

Seems a bit of noise coming out from officials around oil drilling... JV with Exxon coming our way?

[linton78] 12/3/2020 20:41

Matt, no I’m being serious. I don’t like the way the Chinese operate. Latest example is when they welded families into their flats when they had COV-19 in Wuhan.

The pro democracy kids in Hong Kong are going missing and being killed systemically. Communism...!

Anyway, back to BPC

hxxps://ewnews.com/stb-chairman-stop-review-and-cancel-oil-drilling-approvals

[linton78] 12/3/2020 20:15

Looks like the other pending BPC licenses will be approved to explore for the full 28 billion barrels... :-)

[mattd1] 12/3/2020 20:15

I can't tell if you're being facetious, condescending or what.



Regarding snake bites heart disease normal flu etc. Two things.

Some of those are quite easily avoided or managed. They are not forcing economies into recession or worse.

And... Just because we have a new flu, all the other things carry on anyway, in a medical system that's on its knees already, as we are told every day.


Whether the flu is worse or not is irrelevant now, the economy is going to suffer to a degree I think none of us has ever experienced.

[bunz3] 12/3/2020 19:54

so no posts from global tomorrow .and no buying large amounts from global
if a rns tomorrow before end of trading ,you will not be watching ,have a enjoyable
day Cheltenham tomorrow

[linton78] 12/3/2020 19:49

Yes Matt, China will kill their own people, keep the propaganda rolling just to boost their economy and keep the dictator clinging to power. Thanks to China and their lack of basic hygiene the world now faces COV-19.

[mattd1] 12/3/2020 19:40

And another thing.

Are China renowned for their honesty, free speech etc? No, they are not.

So they say no new cases. True? I strongly doubt it.

An easy way to reduce your counts... Stop testing. Remember the published numbers are only the tested cases.

I would sooner bet on china being found to have been lying than BPC right now.

[mattd1] 12/3/2020 19:33

Flu comparisons... Its just the flu. No it is not. Bigsi2 called the rate of expansion.

For the clever clogs who like a maths challenge...

25% increase per day means it is doubling numbers of people infected every how many days?
Then deduct about 3% dying, and allow for 97% recovering every, say, 10 days.
How long does it give us to get a vaccine or cure before 3% of global population (shall we say 7bn) has died?


I am sure you are all familiar with the grain of rice chessboard puzzle...

[lippe] 12/3/2020 19:28

Ciao Tommaso ...

[bigsi2] 12/3/2020 19:27

I only said I wouldn't reply said individual...Will still be here keeping it real for the adults Tom

[richard26] 12/3/2020 19:24

Bye Tom...

[whoppy] 12/3/2020 19:21

See ya Tom!

[bigsi2] 12/3/2020 19:07

Anyway that's me done ...Frankly debating with you is a waste of time as your too stupid too ever learn

[bigsi2] 12/3/2020 19:06

And I suspect my "ignorance" on BPC has proved rather more profitable than your "common sense" As you watch your portfolio shrink 10% a day that's 10% in my pocket every day - I thank you !!

[whoppy] 12/3/2020 19:05

Again putting 2+2 together and coming up with 5.. Lol

[bigsi2] 12/3/2020 19:03

As I'm not called Tom I wouldn't know...Yet another thing to add to the exceedingly long list of things you get totally wrong.BP now valued at less than post Mocando... I wonder why ???don't they know about potential Chinese stimulus ? FED has just announced $1trn stimulus...The market just shrugged its shoulders and kept dropping ...Seems they know something you've not worked out yet sweetie

[whoppy] 12/3/2020 18:59

Ah bless..ignorance must be bliss...but not very profitable, eh Tom!

[whoppy] 12/3/2020 18:53

Yeah Linton - They don't get BPC or the prospects or the now or never scenario. The work that's gone into this with funds agreed, so long as a rig is available and the insurance approved, mitigates the risks. The insurers have endorsed BPC by saying they have the experience that is of a leading World class oil pedigree.

[linton78] 12/3/2020 18:50

They won’t understand facts and common sense Whoppy....

[whoppy] 12/3/2020 18:44

What's that got to do with drilling over 100 miles away from the Bahamas with all equipment coming from Fourchon? Bahamas are not involved in the oil drilling, you do relaise this? As for oil price and markets. Majors looking to do a farmin are speculating 5 years from now for first oil, or 2 years for Bahamas and BPC. Todays oil price means low rig rates and drill costs. Perfect time to explore for oil. Same with CLN. Lend little money for maximum gain. It's pretty simple investment case which is the basis of the loan due to special situation funds being the subscribers. This is an investment for lenders with a high risk profile. They do exist.

[bigsi2] 12/3/2020 18:39

for anyone who doesn't see the connection or the risk to global economy I recommend George Gammon- He always explains macro so well..https://youtu.be/ZtQUqlbIHrQ