Bahamas Petroleum Share Discussion Threads

[linton78] 03/4/2020 21:04

This is no surprise, never economical for 200m barrels and partnering with Tullow. htTp://jamaica-gleaner.com/article/business/20200320/tullow-writes-jamaican-oil-exploration-licence Ps - have a good weekend, I owe a few of you emails that will come in between having vitamin c tablets and bbq’s! :-) Stay safe.

[whoppy] 03/4/2020 14:38

The other opportunities presented by the Coronavirus could be anything, from a share in a producing asset of a major elsewhere as part of a farm-in, or someone like Seadrill partaking in a share of the licences and guaranteeing themselves work, or the Bahamian Government funding a 50% equal share in their own natural resources and reimbursing backcosts to BPC and becoming a state owned oil company along with current shareholders. Gives the Government more say and control in their economic future and certainty for BPC.

[novice2006] 03/4/2020 14:10

I thought today's RNS will see the share price move towards 1.28 pence as we see during a placing but good to see the opposite. I guess it's because it confirms that we still have strong financial backing and the drill will go ahead.

[whoppy] 03/4/2020 12:23

Tom and the sheep just moaning as they lost so much on the previous short and still don't understand BPC, hence the continual drivel. Get ready for Potter to stitch you up again. Lol

[laallee] 03/4/2020 11:47

Big Si, I have gone past the frustration stage, I am in the Stockholm Syndrome Stage.

[globalspecialist] 03/4/2020 11:16

The Messiah of Knowledge sold long ago but that is not surprising for the £72M profit machine. However on this stock we have to admit that BigSi did very well selling at 4p and was sceptical about the lying BOD all the way and ahead of the whole pack here. The Messiah is the greatest but he is also a generous Messiah and will admit when another one has made a great call 👏👏👏👏8079;

[bigsi2] 03/4/2020 09:53

If you want to vent your frustration at someone who actually deserves it - email the board at BPC

[bigsi2] 03/4/2020 07:38

14th FEB I would emphasise for all shareholders' benefit that any funds raised from the Fund initiative, now and in the future, will be additive to our existing financial resources but are not essential to meeting the estimated costs of drilling, for which costs we have been implementing a staged, coordinated funding strategy, as previously communicated to the market."14th SPotter strongly Implies market aware of funding strategy and says funds in place sufficient to drill.6 days later ....20 Feb enters $8m death spiral loan17 March After failing to enter contacts and missing own deadlines - whilst witnessing COVID commodities demand destruction..:doubles the $8m death spiral loan.

[bigsi2] 03/4/2020 07:16

Death spiral is death spiral.taking on a convertible loan during a market/commodities crash when the company knew it had no possibility to meet drill claims is proving to be a shocking deal for shareholders - as loan being converted at lows.

[lithological heterogeneities] 02/4/2020 21:08

Good spot whoppy

[linton78] 02/4/2020 20:12

Whoopy - very interesting, good spot.

[linton78] 02/4/2020 20:08

Thanks Litho. I found SNG by accident last weekend via a press report and saw your posts on that board. I’ll take a closer look - cheers.

[whoppy] 02/4/2020 20:02

Http://www.tribune242.com/news/2020/apr/02/pm-confirms-bimini-death-was-covid-19-he-reveals-w/

[lithological heterogeneities] 02/4/2020 19:53

Lint, Take a look at SYNAIRGEN (SNG) Just started a Covid-19 treatment 14 day dosing nebuliser (direct to lungs) trial. Price 53p (just dropped back from 72p due to US market etc). Recently "heavily oversubscribed" placing for £14m. Finncap says worth £1.20 right now and £3.60 if successful. Synairgen SNG001 already proven successful against MERS and COPD and shown to be SAFE in humans and is now hoped to be successful against Covid-19. So not a new treatment, ie its not "exploration" its more of a "appraisal" indaled drug. hTtps://uk.advfn.com/cmn/fbb/thread.php3?id=45963551&from=1

[lithological heterogeneities] 02/4/2020 17:38

Linton, Excellent. Thanyou.

[linton78] 02/4/2020 16:20

Oil prices jumped more than 30% Thursday morning after President Donald Trump tweeted that he is confident Russia and Saudi Arabia will dramatically cut production to bring oil markets back into balance. Trump said in the tweet that he had spoken to the Saudi Crown Prince, who had spoken with Putin. “I expect & hope that they will be cutting back approximately 10 million barrels, and maybe substantially more.” Together those two countries produce about 23 million barrels per day, so cutting 10 million would nearly cut their production in half. Brent crude futures jumped 35% to $33.49 and West Texas Intermediate futures climbed 32% to $26.89.

[archlight] 02/4/2020 15:39

What just happened WTI? 15.50 OK I got it. The Don.

[martyn9] 02/4/2020 15:09

Cheers for the info whoppy, i hope it's more constructive than the present format!!