Bahamas Petroleum Share Discussion Threads

[12bn] 09/4/2021 08:42

12bn9 Apr '21 - 08:09 - 53685 of 53690 Edit
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- Final Perseverance #1 drilling cost expected to be approx. $45 million compared to pre-drill estimate of approx. $35 million; additional costs of approx. $10 million incurred as a result of heightened Covid-19 procedures (approx. $3 million) and side-tracking operations related to mechanical debris in the well (approx. $7 million)////////Are BPC skint now? Who knows but drilling is costly and I guess that DILUTION will arrive very soon.

[mr woodland] 09/4/2021 08:37

Over 0.70p today

[deltalo] 09/4/2021 08:31

What were you saying 12bn lol

[zxie] 09/4/2021 08:29

We go north

[tomboyb] 09/4/2021 08:16

Deep pockets and you do a UKOG -

Took a good few yesterday -

Lets see what transpires -

[12bn] 09/4/2021 08:13

Only a few small time players buying now,I guess the richer members of this pump n dump are out already.

[12bn] 09/4/2021 08:09

- Final Perseverance #1 drilling cost expected to be approx. $45 million compared to pre-drill estimate of approx. $35 million; additional costs of approx. $10 million incurred as a result of heightened Covid-19 procedures (approx. $3 million) and side-tracking operations related to mechanical debris in the well (approx. $7 million)////////Are BPC skint now? Who knows but drilling is costly and I guess that DILUTION will arrive very soon.

[rocket fuel] 09/4/2021 08:06

Drip
Drip
Splosh

0.4
Suspension
Delist

Zero

[12bn] 09/4/2021 08:03

More DREAMS and WISHES from deltalo the innocent one.

[12bn] 09/4/2021 08:02

12bm9 Apr '21 - 07:49 - 53679 of 53679
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Time to wade in with both feet. Its a no brainer now./////////PMSL for the unobservant 12bm is not me,I am 12bn and I wouldn't wade into this at any price.

[12bm] 09/4/2021 07:49

Time to wade in with both feet. Its a no brainer now.

[deltalo] 09/4/2021 07:38

Plenty of revenue opportunities, this is just one of them..,....Potential Prepay FacilityGiven that the Company has existing production and will be undertaking work through the balance of 2021, specifically aimed at adding material levels of immediate incremental production, discussions have commenced with various parties in relation to a potential prepay facility whereby the Company would receive cash up-front to be repaid (along with a finance charge) against income from future production. Given the strength of the Company's projected production growth through the balance of 2021, several parties have indicated interest in providing such a facility, with negotiations and due diligence ongoing.Business Development OpportunitiesThe Company's goal is to build profitable production and cashflow through 2021 and beyond, with a stated target of exiting 2021 with Trinidad and Tobago production, when consolidated with projected production from Suriname, in excess of 2,500 bopd.

[12bn] 09/4/2021 07:36

PMSL at this post from our 26 years of investing guru who thinks that the BoDs HOPES and WISHES are FACTS!///////////deltalo8 Apr '21 - 16:53 - 53642 of 53676
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They said that they'll use current cash and production revenue, cut their cloth to suit the times as the CEO worded it. (100 percent owned asset's) no mention of a funding, you need to be careful what your implying as your posting misleading and unfounded information.
You will be reported as for influencing the market with misleading information for your own financial gain of sick pleasure.
(Company slander) and I hope Simon Potter is watching.
You've said your worhless piece, so now move on ffs.
I really hope your shorting this as its looking painful.
Drilling starts next week so get use to the share price rising.
Desperation is oozing out of ya lol.///////// LOL Good luck with your reporting deltalo but I use cut n pastes from RNSs to make my points,you are a plonker.

[12bn] 09/4/2021 07:26

Total work program funding required is estimated to be approx. US$25-$40m, as the cash flows generated from production growth will be reinvested into drilling subsequent wells - refer to the Company's recent RNS of 24 March 2021 for further explanation of its future work program, and potential sources and uses.

[12bn] 09/4/2021 07:23

Saffron-2 200 - 300 US$2m - US$3m US$3m
bopd

[12bn] 09/4/2021 07:21

Sorry to post on topic but the newbies need to realise why the share price dropped from over 2p,they hit a 'duster' and lost $45m. The present BPC is a different beast to the old BPC, so the idea that there is a gap to fill is basically wrong as the duster changed everything. We don't know what cash BPC has yet as the final bill for Perseverance1 is not in yet. There is a lot of hope in the BoDs RNSs and that is how their claims for the future should be seen,they are HOPES,WISHES,not facts. Drilling will cost a lot of cash and to raise $25m-$40m will take share issuing,so buying this in the hope that no bad RNS will arrive is a big gamble. Saffron has been drilled already and is producing Zero,NIL,NO bopd and is not expected to produce a game changing amount from Saffron2,merely 300 bopd at best and in fact several wells are hoped for BUT I doubt BPC has the cash for even Saffron2.

[king_riz] 09/4/2021 01:57

Hahahahahhahah
Hahahahha

Linton has been terminated 😂😂😂😂

[zxie] 08/4/2021 22:37

I don't know where you come from. Please go back to hole . Thanks

[deltalo] 08/4/2021 22:36

Looks like it's heading for the star's to me, share price moving up each day now, there's a considerable upside to the current share price where it's at, plenty of news flow to come through to the end of the year.All begins mid April............Highlights-- Workstreams substantially complete for drilling of the Saffron #2 appraisal well, with mobilisation of various services and equipment scheduled to commence in mid-April 2021, and the well expected to spud on or around 17 May 2021, with a 25-30 day expected drill duration.-- Saffron #2 includes a production completion, allowing for immediate oil production rates of 200 - 300 bopd.-- On completion of Saffron #2, a further five to nine production wells (the "Initial Program") are currently planned, to be drilled in H2 2021 as part of an overall field development of up to 30 wells. Assuming success of Saffron #2 and these further wells, the Board is projecting average daily production from the Initial Program of up to 1,000 - 1,500 bopd by the end of 2021, which could provide US$8 - 12 million of annual net incremental cashflows going forward at US$60 / bbl oil price.

[zxie] 08/4/2021 22:35

rocket fuelNew floo Member since: 20 May 2001