Bahamas Petroleum Share Discussion Threads

[linton78] 17/11/2020 21:31

Big Si - I can send you a few pictures of 1 Canada square or the Citigroup tower? What would you prefer big man?

Lol...

The locals like helping out the tourists.

[specialist protector] 17/11/2020 21:15

Everyone. Beware we are going to 250p soon. Buy buy buy. Unbelievably cheap. BPC is the best market opportunity on AIM if not the world. Going straight to 250p.

[specialist protector] 17/11/2020 21:15

Everyone. Beware we are going to 250p soon. Buy buy buy. Unbelievably cheap. BPC is the best market opportunity on AIM if not the world. Going straight to 250p.

[specialist protector] 17/11/2020 21:15

Everyone. Beware we are going to 250p soon. Buy buy buy. Unbelievably cheap. BPC is the best market opportunity on AIM if not the world. Going straight to 250p.

[specialist protector] 17/11/2020 21:13

Oil discovery very very likely in my view given the multiple structures. But and donot stop and buy more - I can easily see £3 a share next year. BUY BUY BUY

[specialist protector] 17/11/2020 21:12

Oil discovery very very likely in my view given the multiple structures. But and donot stop and buy more - I can easily see £3 a share next year. BUY BUY BUY

[specialist protector] 17/11/2020 21:11

Oil discovery very very likely in my view given the multiple structures. But and donot stop and buy more - I can easily see £3 a share next year. BUY BUY BUY

[specialist protector] 17/11/2020 21:08

Tomorrow buy at the open. Then buy in the morning. Then buy in mid morning. Then buy in early afternoon. Then buy in the afternoon. We are going through the roof. This is the best market opportunity on AIM. 💰💰💰💰8176;

[specialist protector] 17/11/2020 21:08

Tomorrow buy at the open. Then buy in the morning. Then buy in mid morning. Then buy in early afternoon. Then buy in the afternoon. We are going through the roof. This is the best market opportunity on AIM. 💰💰💰💰8176;

[linton78] 17/11/2020 20:27

Big Head Si - would you like a picture of Canary Wharf for your vanity project?

A big sell for you is £35 in the crack den.

Run along now...

[linton78] 17/11/2020 20:22

Pro - another misleading statement is that you know how the city works when you haven’t left Bristol.

Not you - our famous fanny that’s always wrong.

Does anyone want a picture of Canary Wharf for their Twitter account? Lol.

The true idiot in the dark....

[pro_s2009] 17/11/2020 20:13

Dead cert.........LOL. Thats a seriously misleading statement.

DES 50% CoS.........but it failed.


........Following AVO studies in 2007 Desire now estimates the chance of success on this prospect at 50%, which is the chance of the prospect containing hydrocarbons. In Tranche I Arcadia will drill and test a major new prospect named Alpha, paying 100% of the costs to ea...............


35% CoS is just that......its a 65% Chance of Failure.......

[lithological heterogeneities] 17/11/2020 19:39

BPC VIDEO INTERVIEW ("CoS 25%-35% is virtually a dead cert")
30 OCT 20


KEY POINTS (for me):
*Two Independent CPRs 28 BILLION barrels oil-in-place in the seismic area alone (so could be alot more!)
*"Both Independent CPRs assess the Chance of Success (CoS) at 25%-35% which for a frontier prospect is virtually a dead cert"
*We have FARM-IN discussions going on as we mentioned

PERSEVERANCE 1
*Spent $100m dollars in last 10 years
*2011/2012 2D+3D Seismic established structures of a HUGE scale
*The B Structure alone is 80km x 10km and could contain multiple BILLIONS of barrels
*Two Independent CPRs 28 BILLION barrels oil-in-place in the seismic area alone (so could be alot more!)
*"Both Independent CPRs assess the Chance of Success (CoS) at 25%-35% which for a frontier prospect is virtually a dead cert"
*Planning to drill before Christmas
*If you find a couple of BILLION barrels of oil not too far from Florida in the largest oil market in the World its not just material for us and the Bahamas, its very material for EVERY oil company out there....the phone will ring off the hook"

CERP SAFRON
*Known DISCOVERY at Saffron onshore
*We can grow that cashflow quite dramatically
*We now own 3 rigs to increase output from 500bopd to 2,500bopd
*All assets are 100% owned

CERP SURINAM
*Onshore
*Easy to monetise quickly
*Surinam is a pretty hot address right now

CERP URUGUAY
*Another BILLION barrels potential
*Alot of parallels to...GUYANA !
*4 year license. Will carry out seismic for next 3-4 years to matute the prospect for drilling.
*I like it because it reminds me exactly of the Bahamas license. Its very large, there are existing wells,existing seismic, an estimate of about a BILLION barrels, its in shallow water,its in a stable country with good fiscal terms and because nobody else bid we essentially got it for an "option fee".

FINANCE
*$23m cash
*NO debt
*Undrawn convertable facility
*Series of other sources of potential capital such as production in Trinidad (from 500bopd to 2,500bopd) that produces free cash and a reserve base which will give is access to reserve base lending facilities
*We have FARM-IN discussions going on as we mentioned
*As we stand today we have a very clear line of sight to $40m of capital against a well in the Bahamas with a drill cost $21m - $25m plus/minis $5m contingency
*So we are very,very well set up at the moment in terms of finances

FINAL SUM UP:
*We,the management and staff are heavily invested
*Genuinely, this is transformational for the people of the Bahamas. This puts a huge amount of money into the treasury.

[lithological heterogeneities] 17/11/2020 19:39

BPC VIDEO INTERVIEW ("CoS 25%-35% is virtually a dead cert")
30 OCT 20


KEY POINTS (for me):
*Two Independent CPRs 28 BILLION barrels oil-in-place in the seismic area alone (so could be alot more!)
*"Both Independent CPRs assess the Chance of Success (CoS) at 25%-35% which for a frontier prospect is virtually a dead cert"
*We have FARM-IN discussions going on as we mentioned

PERSEVERANCE 1
*Spent $100m dollars in last 10 years
*2011/2012 2D+3D Seismic established structures of a HUGE scale
*The B Structure alone is 80km x 10km and could contain multiple BILLIONS of barrels
*Two Independent CPRs 28 BILLION barrels oil-in-place in the seismic area alone (so could be alot more!)
*"Both Independent CPRs assess the Chance of Success (CoS) at 25%-35% which for a frontier prospect is virtually a dead cert"
*Planning to drill before Christmas
*If you find a couple of BILLION barrels of oil not too far from Florida in the largest oil market in the World its not just material for us and the Bahamas, its very material for EVERY oil company out there....the phone will ring off the hook"

CERP SAFRON
*Known DISCOVERY at Saffron onshore
*We can grow that cashflow quite dramatically
*We now own 3 rigs to increase output from 500bopd to 2,500bopd
*All assets are 100% owned

CERP SURINAM
*Onshore
*Easy to monetise quickly
*Surinam is a pretty hot address right now

CERP URUGUAY
*Another BILLION barrels potential
*Alot of parallels to...GUYANA !
*4 year license. Will carry out seismic for next 3-4 years to matute the prospect for drilling.
*I like it because it reminds me exactly of the Bahamas license. Its very large, there are existing wells,existing seismic, an estimate of about a BILLION barrels, its in shallow water,its in a stable country with good fiscal terms and because nobody else bid we essentially got it for an "option fee".

FINANCE
*$23m cash
*NO debt
*Undrawn convertable facility
*Series of other sources of potential capital such as production in Trinidad (from 500bopd to 2,500bopd) that produces free cash and a reserve base which will give is access to reserve base lending facilities
*We have FARM-IN discussions going on as we mentioned
*As we stand today we have a very clear line of sight to $40m of capital against a well in the Bahamas with a drill cost $21m - $25m plus/minis $5m contingency
*So we are very,very well set up at the moment in terms of finances

FINAL SUM UP:
*We,the management and staff are heavily invested
*Genuinely, this is transformational for the people of the Bahamas. This puts a huge amount of money into the treasury.

[specialist protector] 17/11/2020 19:38

There is no stopping this stock. 10p next week, 20p by spud and 150 when they strike oil in January. MERRY CHRISTMAS 🎄 EVERYONE. 💰💰💰💰8176;💰ԁ76;💰💰;💰

[specialist protector] 17/11/2020 19:37

There is no stopping this stock. 10p next week, 20p by spud and 150 when they strike oil in January. MERRY CHRISTMAS 🎄 EVERYONE. 💰💰💰💰8176;💰ԁ76;💰💰;💰

[specialist protector] 17/11/2020 19:37

Tomorrow buy at the open. Then buy in the morning. Then buy in mid morning. Then buy in early afternoon. Then buy in the afternoon. We are going through the roof. This is the best market opportunity on AIM. 💰💰💰💰8176;

[specialist protector] 17/11/2020 19:36

Tomorrow buy at the open. Then buy in the morning. Then buy in mid morning. Then buy in early afternoon. Then buy in the afternoon. We are going through the roof. This is the best market opportunity on AIM. 💰💰💰💰8176;

[johnsonmfc] 17/11/2020 19:35

more likely that BPC didn't like what they were offering

[johnsonmfc] 17/11/2020 19:35

but they wouldn't have extended if the data was bad?

[specialist protector] 17/11/2020 18:47

Tomorrow buy at the open. Then buy in the morning. Then buy in mid morning. Then buy in early afternoon. Then buy in the afternoon. We are going through the roof. This is the best market opportunity on AIM. 💰💰💰💰8176;

[specialist protector] 17/11/2020 18:47

Tomorrow buy at the open. Then buy in the morning. Then buy in mid morning. Then buy in early afternoon. Then buy in the afternoon. We are going through the roof. This is the best market opportunity on AIM. 💰💰💰💰8176;