Bahamas Petroleum Share Discussion Threads

[bigsi2] 17/3/2020 14:42

BPC needs guaranteed funds around $40m plus to secure contacts -This loan DOES NOT guarantee funds especially as share price now useless below 2p

[globalspecialist] 17/3/2020 14:40

GAME OVER

SHAREHOLDER WIPEOUT

BID AT 1.8P

BID SOON AT 0P

BANKRUPTCY FOR BPC AND MUPPETS

HAHAHHAHAHHA

[bigsi2] 17/3/2020 14:38

Why would there be more pressure on majors as company is becoming increasingly desperate - some highlights of new death spiral-- Conversion: The holder of Notes may at any time prior to maturity elect to convert the face value of the Notes into fully paid ordinary shares in the Company-- Conversion Price: The lower of (i) a 25% premium to the price of the Company's ordinary shares on the date of draw-down, or (ii) the lowest closing bid price of the Company's shares on the five days prior to the date of conversionwill rank senior to all ordinary shares on issue to the extent of the face value of the Notes-- Conditions to future draw- downs : if the Company's share price falls below 2 pence for five consecutive trading days, there can be no further draw-downs; and no material adverse events subsisting at time of draw-downso ... loan essentially useless in current market with price sub 2pGives an idea of the likelihood of CLN too

[globalspecialist] 17/3/2020 14:38

IT MEANS THAT ALL MUPPETS HERE ARE GOING BANKRUPT - It is a bit like survival of the fittest.

There will be no farm-in - no financing and the shares will soon be 0.1p. Going against a £40M profit machine will only result in MUGS bankruptcy hahahhaha


BPC DOWN 12% AND COLLAPSING TO 0 HAHAHHAHA

TELL ME HOW BANKRUPTCY FEELS AS FOR A £100M MAN IT IS HARD TO IMAGINE

[globalspecialist] 17/3/2020 14:37

IT MEANS THAT ALL MUPPETS HERE ARE GOING BANKRUPT - It is a bit like survival of the fittest.

There will be no farm-in - no financing and the shares will soon be 0.1p. Going against a £40M profit machine will only result in MUGS bankruptcy hahahhaha


BPC DOWN 12% AND COLLAPSING TO 0 HAHAHHAHA

TELL ME HOW BANKRUPTCY FEELS AS FOR A £100M MAN IT IS HARD TO IMAGINE

[whoppy] 17/3/2020 14:23

Farm-in discussions are still happening. Just means more pressure on majors to come up with a deal.

[novice2006] 17/3/2020 14:15

Looks like recession rumours starting to impact us. Or does this mornings RNS signify that a farm-in is unlikely to happen?

[globalspecialist] 17/3/2020 14:09

BPC COLLAPSING - SHAREHOLDER WIPE OUT

BPC DOWN 12% hahhahahahhahahhahah
hahahahahahaha

IDIOTS - YOU NEVER HAD A CHANCE FROM THE BEGINNING AGAINST PROS LIKE ME - THE MESSIAH

HAHAHAHAHAHA

ENJOY YOUR BANKRUPTCY

ONWARDS AND DOWNWARDS HAHAHHAHHA

[globalspecialist] 17/3/2020 14:08

BPC COLLAPSING - SHAREHOLDER WIPE OUT

BPC DOWN 12% hahhahahahhahahhahah
hahahahahahaha

IDIOTS - YOU NEVER HAD A CHANCE FROM THE BEGINNING AGAINST PROS LIKE ME - THE MESSIAH

HAHAHAHAHAHA

ENJOY YOUR BANKRUPTCY

ONWARDS AND DOWNWARDS HAHAHHAHHA

[casket1] 17/3/2020 14:07

Self flagellate

[lithological heterogeneities] 17/3/2020 13:59

You need to stock up on all the Kleenex tissues you can find before all the teenage boys start their self isolation !

[globalspecialist] 17/3/2020 13:34

BPC COLLAPSING

BPC DOWN 8.3%

IDIOTS - YOU NEVER HAD A CHANCE FROM THE BEGINNING AGAINST PROS LIKE ME - THE MESSIAH

HAHAHAHAHAHA

ENJOY YOUR BANKRUPTCY

ONWARDS AND DOWNWARDS HAHAHHAHHA

[globalspecialist] 17/3/2020 13:33

BPC COLLAPSING

BPC DOWN 8.3%

IDIOTS - YOU NEVER HAD A CHANCE FROM THE BEGINNING AGAINST PROS LIKE ME - THE MESSIAH

HAHAHAHAHAHA

ENJOY YOUR BANKRUPTCY

ONWARDS AND DOWNWARDS HAHAHHAHHA

[globalspecialist] 17/3/2020 13:28

BPC DOWN 7% AND COLLAPSING. IDIOTS TRYING TO PLAY THE MARKETS AGAINST THE £40M PROFIT MACHINE - THE MESSIAH


HAHAAHAAAH


ENJOY YOUR BANKRUPTCY.

[globalspecialist] 17/3/2020 13:28

BPC DOWN 7% AND COLLAPSING. IDIOTS TRYING TO PLAY THE MARKETS AGAINST THE £40M PROFIT MACHINE - THE MESSIAH


HAHAAHAAAH


ENJOY YOUR BANKRUPTCY.

[globalspecialist] 17/3/2020 13:11

BPC going bankrupt soon - No drill = no oil = BANKRUPTCY - MUPPETS learning some lessons on how capital markets work

[globalspecialist] 17/3/2020 13:06

Everybody is now aware of the lies by the Board of Directors of BPC RE: Well costs which keeps on going up. They are still well short of the financing needed and will never raise it in current market conditions.

With the Death Spiral loans destroying any credibility and shareholder value we will soon see BOC at 0.1p if lucky. Most raised funds is currently employed for lawyers, golf, airfare and impending insolvency costs. They had a good chance to find billions of barrels of oil but now time for someone else to try.

Muppets dreams are shattered after 12 Years as they go BANKRUPT alongside BPC. ahahhahahha

[gunsofmarscapone] 17/3/2020 12:45

I tried my best to share my experience (earned the hard way) of both expected and contingency costs in operating wildcat exploration wells. I have seen costs more than double several times! Pressure inversions, slumped wells, HTHP issues, multiple BOP pulls, even flooded Caissons causing a semi-submersible to list and be temporarily abandoned.

With the extra money flow announced today it is still, in my opinion, literally the minimum that I would spud a well on.

[bigsi2] 17/3/2020 12:39

Sanity is prevailing again...Only in crazy BPC world does a share open UP... after confirmation BOD misled shareholders by now at least $10-$15 over costs...Announcing further death spiral finance which itself demonstrates a lack of confidence in imminent farmout.

[globalspecialist] 17/3/2020 12:35

BPC GOING BANKRUPT - SOON AT 0.2P

HOORAY :)

ONWARDS AND DOWNWARDS HAHAHHAHA

[globalspecialist] 17/3/2020 12:34

I think a MUG here said he was happy to take the offering at 2p. hahahhahha

That mug was binboy and he could have bought it today at 1.9p now before it gets to 0.5p soon.

No wonder Linton works the bins ahahhahah
hahahahaha

[globalspecialist] 17/3/2020 12:33

I think a MUG here said he was happy to take the offering at 2p. hahahhahha

That mug was binboy and he could have bought it today at 1.9p now before it gets to 0.5p soon.

No wonder Linton works the bins ahahhahah
hahahahaha