Bahamas Petroleum Share Discussion Threads

[mr hangman] 07/1/2021 15:41

What a sad old man Pro is, hanging around free BB sites all day, commenting on stocks he does not even own !!

[linton78] 07/1/2021 15:36

The tree huggers are running a “no” drill campaign on Twitter.

Some old rubbish featuring a shark at the bottom of the ocean.

Hopefully he will be swimming around oil pipes in 5 years time.

[pro_s2009] 07/1/2021 15:31

What I have noticed is that the amount of "ticks up" to the nonsense posts is now becoming less and less.

Which means more "Premium" members have sold up and moved on.......ramp failed. As they say "failure to launch"...........

[pro_s2009] 07/1/2021 15:17

LOL

How sad that they are posting to me, knowing I have them filtered and not replying as I dont read their posts, yet they still post to me........ thats so sad.


BigSi2 7 Jan '21 - 14:07 - 49022 of 49029

You have been berated ;)

[specialistlegionsupercharged] 07/1/2021 14:27

Brilliant post by BigSi for our bin 🗑 boy Linton. Hahahahaha hahahhahahah

According to you it share price was supposed to be 5-6p on spud ...
now it’s 4-5p on a strike??!!!

Your newfound grip on reality is very refreshing.

You’ve continually berated PRO for simply pointing out the reality BPCs situation as it currently exists based on what have transpired to be correct understandings of the company’s own updates... seems silly no??!

Low life still has not honoured his debt to BigSi. Well expectations were low from a peasant. 😢

[specialistlegionsupercharged] 07/1/2021 14:27

Brilliant post by BigSi for our bin 🗑 boy Linton. Hahahahaha hahahhahahah

According to you it share price was supposed to be 5-6p on spud ...
now it’s 4-5p on a strike??!!!

Your newfound grip on reality is very refreshing.

You’ve continually berated PRO for simply pointing out the reality BPCs situation as it currently exists based on what have transpired to be correct understandings of the company’s own updates... seems silly no??!

Low life still has not honoured his debt to BigSi. Well expectations were low from a peasant. 😢

[specialistlegionsupercharged] 07/1/2021 14:24

Idiots. There is no oil there. You are losers in life. Hahahahaha Hahahhahahah 😀😀😀😀

[specialistlegionsupercharged] 07/1/2021 14:22

My IDIOTS IN THE DARK lose another 6% today as drilling is set to stop in my view. SAD. 🥲

[specialistlegionsupercharged] 07/1/2021 14:22

My IDIOTS IN THE DARK lose another 6% today as drilling is set to stop in my view. SAD. 🥲

[specialistlegionsupercharged] 07/1/2021 14:19

Seems drilling will stop on Jan 14. 😢. No Drilling = No Oil = Bankruptcy for my idiots in the dark. 😢

[specialistlegionsupercharged] 07/1/2021 14:18

L I think the biggest thing the rampers wont like is this line from todays RNS



,,,,,,,-- Depending on technical outcomes, renewal of licences in The Bahamas into a third exploration period (end of Q1 2021), followed by planning for future well activity, and farm-out considerations. .........



It confirms what I have been saying, at best the results of this well will be purely technical, there will be no flow testing with flaring over a period of time. There will be no declaration of commercial. There will be no move to a production license. It is clear the best outcome is a renewal of the "Exploration license" into the next term.

At best it seems they may only be able to do a "mini DST" which would collect some samples from the well bore......this is not a flow test. This is similar to what DES (Desire) did whey claimed from logging they had oil pay, only for the mini-DST samples to reveal it was formation water.....not oil (The whole DES oil to water fiasco).

So, for me it confirms the upside from this well result is very limited given the ongoing dilution. 4p ? 5p ? I believe all those dreaming of over 10p on "success" are going to be quite disappointed..........

Hopefully this ends the ramping talk of "production license" on this single well result. As I have said........any discovery needs many appraisal wells drilled and flow tests to confirm commerciality.

All IMO, DYOR !!

[specialistlegionsupercharged] 07/1/2021 14:17

SP going only one direction now as shares converted all way to TD-

DILUTION !!
shocking really but existing shareholders had been warned

[specialistlegionsupercharged] 07/1/2021 14:16

think the biggest thing the rampers wont like is this line from todays RNS



,,,,,,,-- Depending on technical outcomes, renewal of licences in The Bahamas into a third exploration period (end of Q1 2021), followed by planning for future well activity, and farm-out considerations. .........



It confirms what I have been saying, at best the results of this well will be purely technical, there will be no flow testing with flaring over a period of time. There will be no declaration of commercial. There...

[bigsi2] 07/1/2021 14:08

Excuse typos ...Cold fingers :)

[thatsmart1] 07/1/2021 14:06

I think BPC will announce any discovery in an RNS. I've never heard of government officials announcing such things.

I see the 'No' votes are catching up in the poll.

[pro_s2009] 07/1/2021 14:01

Are the muppets berating me ? I have them filtered.

[bigsi2] 07/1/2021 13:55

According to you it share price was supposed to be 5-6p on spud ... now it's 4-5p on a strike??!!!Your newfound grip on reality is very refreshing. You've continually berated PRO for simply pointing out the reality BPCs situation as it currently exists based on what have transpired to be correct understandings of the company's own updates... seems silly no??!

[eggchaser] 07/1/2021 13:45

Credit to StarChild of LSE fame and fortune.I think today's RNS is very good. 1. Ex-CERP assets progressing well with mega plans this year to achieve 2,500 Boe/day by end of year2. No more shares issued at this time. Decision whether to do so or not extended till next week 13/1/21. 3. As I read it, worst case scenario is an additional £3.75 million (US$5 million) .......188m shares........... as the final final final funding requirement for all ex-CERP and Percy-1 exploration operations, with no additional enforced privileges to Lombard. 4. I believe 13/1/21 has been chosen because it would be 23 days into the drill and the BoD will confidentially know (a) if all or some additional drilling contingency costs will be needed, (b) whether there is evidence of oil so far. 5. To me, it does not mean if the £3.75m is converted on or soon after 13/1/21 the drill is a duster. 6. I get the impression the BoD and possibly Lombard know something we don't yet. But the BoD can't disclose until (a) they are sure and (b) Gov informed. Refer to the last past of para 6.iii as it seems to me Lombard are going out of there way to be flexible and nice!!!! Why?!!!!7. To add to point 6, I see no evidence of Lombard doing massive share-dumping in the last few days. Is it low volumes or something else? IMHO. DYOR.

[linton78] 07/1/2021 12:45

Prozac - are you really that thick ?

I have you on filter but read your message in the title which wasted 20 seconds of my life.

We know the nature of this well... it’s clear from the company RNS’s.

Proving oil in various sections of fold B is the name of the game. Drill costs have to be kept low as Bpc are self funding.

High quality oil in large quantities will spark the farm in rampage and a shift well past 4 or 5p.

comparisons to your other failed investments such as 88E or DES are amusing though. Do keep that up.

[pro_s2009] 07/1/2021 12:12

I think the biggest thing the rampers wont like is this line from todays RNS



,,,,,,,-- Depending on technical outcomes, renewal of licences in The Bahamas into a third exploration period (end of Q1 2021), followed by planning for future well activity, and farm-out considerations. .........



It confirms what I have been saying, at best the results of this well will be purely technical, there will be no flow testing with flaring over a period of time. There will be no declaration of commercial. There will be no move to a production license. It is clear the best outcome is a renewal of the "Exploration license" into the next term.

At best it seems they may only be able to do a "mini DST" which would collect some samples from the well bore......this is not a flow test. This is similar to what DES (Desire) did whey claimed from logging they had oil pay, only for the mini-DST samples to reveal it was formation water.....not oil (The whole DES oil to water fiasco).

So, for me it confirms the upside from this well result is very limited given the ongoing dilution. 4p ? 5p ? I believe all those dreaming of over 10p on "success" are going to be quite disappointed..........

Hopefully this ends the ramping talk of "production license" on this single well result. As I have said........any discovery needs many appraisal wells drilled and flow tests to confirm commerciality.

All IMO, DYOR !!

[ride daice] 07/1/2021 12:11

If P#1 is a discovery the announcement might be somewhat bizarre. One can imagine that it could be announced by a member of the government who's stated position is against offshore drilling.

[martyn9] 07/1/2021 11:49

I wonder why the so called activists never kick off in saudi arabia, let me guess loosing their heads could be a good deterant or spending their lives in a stinking rotten jail at best.

[bigsi2] 07/1/2021 11:33

Apparently there are anti dilutive agreements included in terms..Although as usual BPC have not included details of said terms

[bigsi2] 07/1/2021 11:32

Feel free to correct any failure to appraise the terms agreed...Lombard have guaranteed minimum 15% profit on the 375m shares issued- if they can't convert shares above avg 2.3p to secure this profit - BPC has to cover the difference.Why not wait for drill results and potentially make a tremendous return or in the event of failure convert at a lower avg and BPC will make up the 15%- at the expense of shareholders obviously As part of the terms of the Funding Agreement, on the earlier of (i) 60 days after the date of spudding of BPC's Perseverance #1 well; (ii) 31 December 2021; or (iii) such other date where a reconciliation is permitted under the Funding Agreement, BPC may be required to make a cash payment to the Investor to the extent that the Investor's aggregate return from those new ordinary shares has been less than 115% of the subscription price.