Bahamas Petroleum Share Discussion Threads

[pro_s2009] 11/1/2021 12:09

Could be mistt........its horrific to think that some people might be "all in" on BPC after listening to the rampers talking of 50p a share if P1 strikes a tin can of oil...............

I hope the well comes good else there could be a lot of people in serious trouble, potentially suicidal with their losses. Its horrific to even think about it.


And yet.......the rampers keep sucking them in.......on a binary bet well. Not good imo.

[rayrac] 11/1/2021 12:05

Oh, there’s humph from the Opti thread..he’s in dire trouble! Rather here than there.

[mistt] 11/1/2021 11:59

I don't think that's the case Pro, I think it's more that there's only so much in the kitty for PIs to use on that well-known success strategy of averaging down - the rest are just holding in hope. Unfortunately, those that are still adding (sadly) won't be able to make a dent in the placing selling. This has got sub 2p written all over it.

[humphries1] 11/1/2021 11:57

hi EGG i have had him on filter close to 20 years LOL

[eggchaser] 11/1/2021 11:45

Rayrac of GKP fortune and fame??

[rayrac] 11/1/2021 11:23

Nothing relevant until the big drill comes in..small punt...it either does or it doesn’t..nothing’s changed

[pro_s2009] 11/1/2021 11:23

Otherwise known as "the rush for the exit......"

[pro_s2009] 11/1/2021 11:22

Looks like a lot of the ramper/top slicers.......are giving up the hopes of top slicing......and now just dumping as much as they can to limit the risk. They never had any intention of "staying in until the end with real money"............they just wanted to ramp the price up 100%....sell 50% and then have a free ride on the drilling result.

Now as the result gets closer and looking like no chance of ramping have any effect.....they are selling out to limit their exposure now and hence the share price falls.

[eggchaser] 11/1/2021 10:35

Interesting RNS at TRIN.... should see something similar from BPC?11 January 2021Trinity Exploration & Production plc("Trinity" or "the Group" or "the Company")Supplemental Petroleum Tax UpdateRevised SPT threshold to underpin increased future cashflows and returnsTrinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is pleased to note that the revised threshold for Supplemental Petroleum Tax ("SPT") for small onshore producers has now been implemented via The Finance Act, 2020 which became law on 4 January 2021. As a result, the threshold at which SPT would be due for individual producers producing less than 2,000 barrels of crude oil per day has now increased from US$50 per barrel to US$75 per barrel for the financial years 2021 and 2022.As a result, T rinity expects to be exempt from SPT across all of its onshore licences below US$75 per barrel, which will have a significant positive impact on future cash flows. Based on current onshore production levels, Trinity estimates that SPT of c.US$3.5 million per annum or more would previously have been payable if realisations were above $50.01/bbl (although this could be partially mitigated by the investment tax credits shelter). The confirmation of these reforms therefore represents a considerable boost to potential cash generation from Trinity's onshore licences should realisations average above US$50.01/bbl for any calendar quarter during 2021 and 2022.

[eggchaser] 11/1/2021 10:35

Interesting RNS at TRIN.... should see something similar from BPC?11 January 2021Trinity Exploration & Production plc("Trinity" or "the Group" or "the Company")Supplemental Petroleum Tax UpdateRevised SPT threshold to underpin increased future cashflows and returnsTrinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, is pleased to note that the revised threshold for Supplemental Petroleum Tax ("SPT") for small onshore producers has now been implemented via The Finance Act, 2020 which became law on 4 January 2021. As a result, the threshold at which SPT would be due for individual producers producing less than 2,000 barrels of crude oil per day has now increased from US$50 per barrel to US$75 per barrel for the financial years 2021 and 2022.As a result, T rinity expects to be exempt from SPT across all of its onshore licences below US$75 per barrel, which will have a significant positive impact on future cash flows. Based on current onshore production levels, Trinity estimates that SPT of c.US$3.5 million per annum or more would previously have been payable if realisations were above $50.01/bbl (although this could be partially mitigated by the investment tax credits shelter). The confirmation of these reforms therefore represents a considerable boost to potential cash generation from Trinity's onshore licences should realisations average above US$50.01/bbl for any calendar quarter during 2021 and 2022.

[mistt] 11/1/2021 10:25

2.00 on the bid

[12bn] 11/1/2021 09:58

EggChaser11 Jan '21 - 09:28 - 49128 of 49130
0 0 0
And you also do dishonesty so well... still know your are also being watched///////// PMSL at BumchaserEgg,who is watching,your pals from the workies club where you dole boys hang out? :)

[mistt] 11/1/2021 09:51

2.05 on the bid

[eggchaser] 11/1/2021 09:28

And you also do dishonesty so well... still know your are also being watched

[specialistlegionsupercharged] 11/1/2021 09:28

Mid January- a month after spud and the stock goes down every day before the duster announcement. Hahahahaha hahahhahahah Hahahhahahah 😀😀😀😀8079;👏Ԁ79;👏

[specialistlegionsupercharged] 11/1/2021 09:27

My idiots in the dark. How does it feel to know that you have been shafted for a decade. Hahahahaha hahahhahahah hahahhahahah

Bin 🗑 boy, RottenEgg, Alasloser and Whoppy must be the greatest losers to ever live in history. 😀😀😀😀8512;😀Ԅ65;👏👏;👏👏👏

Hahahahaha

[linton78] 11/1/2021 09:09

Another sermon from the Reverend BigSissy live from Bristol?

[bigsi2] 11/1/2021 08:39

True -On this occasion the BOD have been VERY clear over their fundraising intentions-And as expected at this point in the drill have made no indication of technicals

[pro_s2009] 11/1/2021 08:33

One must be clear BigSi2... There has been no dishonesty from the board or management of BPC... The dishonesty is from the bulletin board rampers.

[eggchaser] 11/1/2021 07:52

And you do dishonesty so well... still know your are being watched...

[bigsi2] 11/1/2021 07:42

Naivety, stupidity or dishonesty.Or In some cases a combination of all three.

[al h] 10/1/2021 22:46

"I assume they have hit commercial oil"

Are you really this naïve about oil prospecting ... from 1 well ?