Bahamas Petroleum Share Discussion Threads

[the3for2] 23/10/2019 19:31

I am now at my limit as regards exposure. Not up with you large holders by any means. Let’s hope it’s a fun ride and the OO is filled

[whoppy] 23/10/2019 19:06

Looks like a buy Linton.
Taken up my full allocation and applied for excess shares. In for a penny, in for a pound..

[linton78] 23/10/2019 18:59

5 mill printed just before close? Genuine buy for £100k ??

[linton78] 23/10/2019 15:20

No problem!

[johny cash] 23/10/2019 14:40

Thanks for posting

[linton78] 23/10/2019 13:44

Melbana receives approvals from CUPET to move ahead in Cuba



It is all systems go for Melbana Energy Limited (ASX:MAY) at its Block 9 Production Sharing Contract (Block 9 PSC) in Cuba.

Requested amendments to its Block 9 PSC with CUPET, the national oil company of Cuba, have now received the necessary approvals.

Melbana first made the requests on 3 October 2019 and these amendments have now been formally documented between Melbana and CUPET.

As previously reported, the approved amendments to the Block 9 PSC cover extension of the current exploration sub-period to 1 November 2020 with no change to the commitment to drill one exploration well during this sub-period and the extension of the exploration period by one year.

CUPET has also informed Melbana that it is in good standing with respect to all of its Block 9 PSC obligations.

Although, it has been quiet of late with operational changes taking centre-stage, the current flow of good news company has enabled the company to once again resume discussions with relevant parties including drilling and other service providers. Melbana will gauge the interest of those who have previously tendered, as it refreshes costings and availabilities.

Melbana is also currently in deep discussions with prospective farmin partners, and has also commenced the process of seeking to extend the various drilling, environmental and other permits and access agreements it currently holds to allow for a two well drilling program commencing 2H 2020.

Melbana has already identified at least one new rig in country, complete with crew and related services, that may be suitable and available in country about the time Melbana may require it.

The proposed two well drilling program would test four separate targets totalling 236 million barrels (best estimate) of prospective resource, the best of which is estimated to have a 32% chance of success.

[stewart4990] 23/10/2019 13:25

No problem mate.

[bigsi2] 23/10/2019 13:17

Thanks for the vote of confidence-Very amusing to observe the powers of deduction or lack thereof on here today.

[linton78] 23/10/2019 12:37

3for2 - Excellent stuff.

[the3for2] 23/10/2019 12:23

Allocation taken here...

[jbt2007] 23/10/2019 12:13

How do you know that he "is far more cautious than I am" You know him well do you? ;) He has gone for the OO so maybe not.

[globalspecialist] 23/10/2019 11:42

Good Morning my Bankrupt MUGS. The offer will essentially fail in my view and everyday you MUGS are closer to bankruptcy. hahhahhahah

[jbt2007] 23/10/2019 11:37

Be amazed Stewart, I am very confident that they are all one and the same.

[stewart4990] 23/10/2019 10:26

I would be amazed if BigSi2 was anything to do with those idiots, he posts as it is, yes sometimes negative but in many ways its not been great has it, by the way I am confident and have taken up my allocation or I will do this week and more than likely ask for a few more.

We are at a junction here, if taken up we drill and we will then be rich or not, if the placing is taken up or oversubscribed its game on if not its all over, I think it will be oversubscribed.

IMHO.

[jbt2007] 23/10/2019 10:12

Simon, Specialist, BigSi2 (all one and the same) has already admitted to taking up his allocation in a previous post!!

[universalspecialist] 23/10/2019 08:16

Hi simon how are you......have you taken up your allocation?..29th and the gravy train takes off!!

[specialist protector] 22/10/2019 23:44

Failure is guaranteed in my view. No way will they raise the money and all you mugs will see your money go to working capital and then 1p a share. Hahahahaha

[mr hangman] 22/10/2019 21:39

Yes, agreed not well thought out, maybe potter could of done a deal with Wonga, for investors who what to take part in the offer who over 50/- share, get a favourable rate of interest

[casket1] 22/10/2019 16:34

Hi mr hangman, maybe I am not as affluent as you or have more than your 500 shares and am therefore unable to take up my full allocation due to it being several thousand pounds, a couple of days b4 payday. The point I was making was that not all investors have this amount of money just lying about and the timing could have been better planned......have the open off from the 25th to close on the 2nd, just think it's short sighted.

[mr hangman] 22/10/2019 16:06

Well I've stuck a few things on Ebay, hopefully will raise enough to fill my allocation

[linton78] 22/10/2019 15:48

I must admit, i thought the OO period would be a bit longer but this time frame is standard I was told.

I'm probably like most people - had to shuffle some cash about and closed a few old accounts, transferring the balances for this offer. Should just about hit the deadline.

[armatrading] 22/10/2019 15:47

I'm supporting the OO too. Entitlement taken up.