Bahamas Petroleum Share Discussion Threads

[martyn9] 24/12/2020 20:12

Jcg, it speaks volumes, to the uninitiated sod off and have a horrible Xmas.

[specialistlegionsupercharged] 24/12/2020 20:12

Seems idiots in the dark cannot even understand a court ruling hahahahaha hahahhahahah hahahhahahah

No drill = no oil. Hahahahaha hahahhahahah

[carpadium] 24/12/2020 20:11

Couldn't be a better outcome, could it. Full steam ahead from now on, looking forward to the start of a real price lift next week. Will sleep soundly tonight!

GLA, Happy Christmas and a cracking 2021.

[jcgswims] 24/12/2020 20:10

BPC tweet

BPC
@BPCplc
·
1h
#BPC is pleased to note that The Supreme Court of The Bahamas has issued a ruling denying leave to bring a Judicial Review application against the grant of BPC’s Environmental Authorisation by the Government of the Bahamas. View announcement #oilandgas

[specialistlegionsupercharged] 24/12/2020 20:09

Seems the drill will be stopped for sure. In my view that means next round of financing at 1p before bankruptcy. Hahahahaha hahahhahahah. Enjoy your Christmas and your 2p spud 🥔 bin 🗑 boy and other idiots in the dark.

[specialistlegionsupercharged] 24/12/2020 20:08

Seems the drill will be stopped for sure. In my view that means next round of financing at 1p before bankruptcy. Hahahahaha hahahhahahah. Enjoy your Christmas and your 2p spud 🥔 bin 🗑 boy and other idiots in the dark.

[linton78] 24/12/2020 20:05

Martyn - Only the dense posters like special needs will still question this.

[specialistlegionsupercharged] 24/12/2020 20:05

Hahhahahah everyone is treating the low life bin 🗑 boy with the respect he deserves. Hahahahaha hahahhahahah

Oh dear......Linton goes unhinged. Another one for the FILTER dustbin.

[specialistlegionsupercharged] 24/12/2020 20:04

Overriding factor remains.......there is a near 90% Chance of Commercial Failure (Pc) with this well.

As people found with I3E.....you only need to be a little bit out with the well location and you might drill a duster, even in an oil filled area.

Thats why they really need 3 wells......initial well to run VSP etc.. and calibrate all the seismic and then better locate a 2nd and 3rd well.

However, as is well known, they only have 1 drill......and that has to be a commercial success to move forward. So its really a near 1 in 10 chance of finding oil in large enough size.

That overriding factor will remain, regardless of news from the court room.

[specialistlegionsupercharged] 24/12/2020 20:04

Overriding factor remains.......there is a near 90% Chance of Commercial Failure (Pc) with this well.

As people found with I3E.....you only need to be a little bit out with the well location and you might drill a duster, even in an oil filled area.

Thats why they really need 3 wells......initial well to run VSP etc.. and calibrate all the seismic and then better locate a 2nd and 3rd well.

However, as is well known, they only have 1 drill......and that has to be a commercial success to move forward. So its really a near 1 in 10 chance of finding oil in large enough size.

That overriding factor will remain, regardless of news from the court room.

[jcgswims] 24/12/2020 20:03

24 December 2020
Bahamas Petroleum Company plc
("BPC" or the "Company")
Outcome of Court Proceedings in The Bahamas – Application for leave to apply for Judicial Review
Denied
• An Application for leave to apply for a Judicial Review, brought against the Government of The
Bahamas in respect of BPC’s Environmental Authorisation, has been denied
• A request for a stay order (halt) to BPC’s drilling activities has also been denied
BPC advises that the Supreme Court of The Bahamas has issued a ruling refusing leave in relation to
an application for an extension of time to apply for Judicial Review of the decision by the Government
of The Bahamas to grant BPC Environmental Authorisation to proceed with the drilling of Perseverance
#1, and an associated stay of BPC’s activities. The Application was brought by environmental activists
against the Government of The Bahamas.
The Court has indicated that written reasons for thisruling will be provided on or around 29 December
2020, and that there will be a further hearing on that date. The precise nature of the further hearing
will be notified to the parties and BPC on 26 December 2020.
The ruling of the Court means that progress of drilling of the Perseverance #1 well in The Bahamas can
continue unimpeded. As previously advised drilling of the well commenced on 20 December 2020,
and is expected to be completed within 45-60 days of commencement, targeting P50 prospective oil
resources of 0.77 billion barrels, with an upside of 1.44 billion barrels

[stewart4990] 24/12/2020 20:02

Could someone explain what this paragraph means exactly."The Courtre will be a further hearing on that date. The precise nature of the further hearing will be notified to the parties and BPC on 26 December 2020." has indicated that written reasons for this ruling will be provided on or around 29 December 2020, and that the

[martyn9] 24/12/2020 19:56

Linton, that should keep the window lickers at bay??

[mistt] 24/12/2020 19:54

Trading opp on! Could be good money to be made over the day. A quick in and out before the buyers dry up again.

[man1] 24/12/2020 19:48

Excellent News Merry Christmas everyone......

[linton78] 24/12/2020 19:31

Boom

:-)

[linton78] 24/12/2020 19:14

Merry Christmas Martyn. At least our borders are now closed to the Chinese. :-)

[martyn9] 24/12/2020 19:12

Linton, I can remember in the early seventies when they shut all the mental homes in the ukSadly, a lot survived and given the internet.Have a good Xmas:)

[offerman] 24/12/2020 19:07

Hi carpThanks for that I will have a look as soon as I can over the next couple of days or so I wish you and everyone else here really really happy Christmas.Stay healthy happy as Possible, And may Stena ice max Bring us some early New Year cheer. Take care one and all. x

[grandwood] 24/12/2020 19:03

The original supply ship due back at the iceMax early on the 27th:

[pro_s2009] 24/12/2020 18:28

Oh dear......Linton goes unhinged. Another one for the FILTER dustbin.