Bahamas Petroleum Share Discussion Threads

[zxie] 01/4/2021 10:16

Buy still show red

[12bn] 01/4/2021 10:11

Poor angryarry,he has been in this since it was LGO at the equivalent of 130p,some of his fellow long term holders like humphries and 5cer admit to being around 90% down here and I guess that is true for him and BumChaserEgg. Soldado is not a field held by BPC/Cerp but keep clutching at straws.

[arrynillson] 01/4/2021 10:05

12bn - ‘ Trinidad wells tend to lose pressure and production very quickly ‘ - 12bn typical bowlocks sweeping generalisation from you - Soldado North produced average 15,000 bopd over 50 YEARS - South West Peninsula is very close to Soldado field 12bn!

[12bn] 01/4/2021 08:48

Farm-out will soon secure a large amount of extra cash, plus the current prouction levels and the possible 1500 bopd from Saffron by year end, ////////// Deltalo what farm-out,please enlighten us all as I haven't seen any info on it,who is it with? WISHFUL THINKING comes to mind on the farm-out and the 'possible 1500 bopd',BPC only has 450-500 bopd. The old LGO got production up to nearly 2000 bopd after spending over £20m but within a year the production was under 500bopd again,Trnidad wells tend to lose pressure and production very quickly. All holders like deltalo have is BPC BoDs wishful thinking regurgitated as facts,which they are not.

[deltalo] 01/4/2021 08:00

12bn, Rubbish, they already have 13m in cash and 14m available if needed. Farm-out will soon secure a large amount of extra cash, plus the current prouction levels and the possible 1500 bopd from Saffron by year end, also there's the possible forward selling oil reserves, or drill for Equity.Remember the share price only reflects current production levels in Trinidad and doesn't include all the other assets so there's a considerable upside to come from the current share price Not my word but the words of Simon Potter, CEO. But obviously 12bn knows best lol.

[zxie] 01/4/2021 07:47

Ediot this one 12bnMember since: 08 Feb 2013

[12bn] 01/4/2021 07:36

How is this cash going to be raised? Most disquieting is the fact that a lot of the cash raised will be for DEBTS! This is awful for holders.

[12bn] 01/4/2021 07:34

From a recent RNS,note what the company admits to needing in cash.///////12bn - 29 Mar 2021 - 07:26:17 - 52899 of 52989 BPC Ltd - BPC
Those Perseverance #1 costs remaining to be paid (noting that some items are being disputed or negotiated by the Company), along with the Company's anticipated but discretionary 2021 work programs in Trinidad and Tobago and Suriname (as announced by the Company on 18 March 2021), renewal of the Company's Bahamas licences, and the Company's 2021 overheads, will require a total estimated spend over the balance of 2021 and into 2022 of between $25 million and $40 million. However, the eventual actual spend will ultimately be dependent on a number of factors, many of which are at the Company's discretion - for example, the extent and timing of future development drilling at the Saffron project, which in turn is dependent on the outcome of the drilling of Saffron #2, expected to commence in mid-May 2021

[bigsi2] 01/4/2021 06:41

10p equates to a $1bn plus market cap. Do you think that's likely ?$500m was a gift for a short position-I doubt there is any borrow now available

[dynamohum] 01/4/2021 00:34

Linton where have you Bin you stupid man, if you can’t tell one poster from another it confirms how you lost all your money on a Crufts champion called BPC . . . . .

God I really love this thread . . . so many funny morons . . .

Keep it up chaps,

[linton78] 01/4/2021 00:11

How were the Bristol riots for you big si?

[linton78] 01/4/2021 00:10

Oh dear

Big Sissy is on the wrong board.

[kazz] 31/3/2021 22:32

Hi offerman
Hope you are okay
Not been good for us here lately
The Guardian made a good decision to sell, hindsight , oh well. One day
Take care
Regards.... Kazz

[dynamohum] 31/3/2021 19:58

😂 what a dippy Egg

If it had brains it would be dangerous

God I love this thread . .

[bigsi2] 31/3/2021 17:01

Read again and you will see I am referring to 88e.As to BPC they have clearly stated they require $20m plus to be raised.Frankly unless it was HEAVILY discounted BPC wouldn't even be able to place for those kind of sums

[milanista11] 31/3/2021 17:00

And additionally no money set aside for rehabilitation of abandonned or to a abandon oil wells and fields.

[deltalo] 31/3/2021 16:38

No mention of a placing in the proactive interview just plenty of alternative ways to generate cash.So you don't know that, it's just your insight,Great info cheers .

[moor sir] 31/3/2021 15:54

Hold to 10p this week maybe

[bigsi2] 31/3/2021 15:35

Watch for the placing

[zxie] 31/3/2021 15:21

Yes start fun here