Bahamas Petroleum Share Discussion Threads

[deltalo] 16/4/2021 08:01

The share price should start to move up soon as as things get moving at the Saffron#2 drill site, This first appraisal well is a high impact well for the company and the 3m cost includes the completion of the well so immediate revenue. I expect a very good result from this well as its already been drilled by Columbus a year ago and so we know the oil is there, and with us drilling slightly down dipped will tap into an even larger reservoir with thicker oil. I can't wait for the drilling to begin, .................-- 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.

[linton78] 15/4/2021 17:47

Special needs, I have only watched your country play England at the oval. You should be proud of your heritage.

Please remember to pretend that you are educated and work in the city even if that’s just a pack of lies like your £72m wealth.

Thank you.

[milanista11] 15/4/2021 17:00

Dogs are wonderful animals. They love you even if you have lost all the money.

[zxie] 15/4/2021 16:22

Dog run garden now

[specialistlegionsupercharged] 15/4/2021 16:06

Shut up bumchaser - you are a bankrupt idiot like Lintard. hahhahahahha

[zxie] 15/4/2021 13:40

Missing dog today

[zxie] 15/4/2021 09:51

Not trades today

[mr woodland] 15/4/2021 08:32

CEO, Simon Potter speaking to proactive_UK last week

[mr woodland] 15/4/2021 08:31

https://twitter.com/bpcplc/status/1381669021993607169?s=21

[zxie] 15/4/2021 08:29

Only eggs .not chicken

[zxie] 15/4/2021 08:21

The well conductor is due to be installed during March and mobilisation of rig and associated equipment will commence mid-April 2021. The well is expected to spud on or around 17 May 2021.

[12bn] 15/4/2021 07:33

arrythemoron,I always knew where Goudron and SWP are,they are both in TRINIDAD and as I have stated Trinidad wells don't flow good for long. You obviously think that a shallow Saffron 2 well in the SWP will be different to all the other Trinidad wells but I doubt it.(They would need to do a deep drill to have a chance of that imo). You have defended Cerp/Lgo for years with each change being greeted with optimism whether it is NR taking over from DL or LK taking over from NR and now it is drilling in the SWP being different from Goudron but I doubt that will be the case. All Trinidad wells so far seem to hit pockets of oil that lose pressure very quickly.'This time things will be different',well forgive me for being cynical but I doubt it. You are the village idiot arry,you have lost a massive amount of your investment here over the years,we both know that and you still haven't worked out that Cerp now BPC exists to raise money from fools like you. Counselling from you the village idiot isn't good advice LOL.

[eggchaser] 15/4/2021 07:27

Arry I have to Mong on filter - I just love needling him as I bet he replies despite his big fat lie he put me on filter too... says much about this child like investors with the morals of a sewer rat...

[arrynillson] 15/4/2021 07:05

12bn - you are the thicko straw clutcher attempting to rubbish this company because you made so much money out of it many years ago - what sort of moron has that attitude 12bn?

I’m not making any claims for Saffron 2 and I’m not encouraging anyone to buy or sell shares here merely drawing attention to your moronic misleading posting!

I’m glad you now claim to know where South West Peninsula is and proximity to Venezuela and, more importantly, that it’s not Goudron, which you seem obsessed with!

I know you don’t like me mentioning this but the drillers of Saffron 1 offered to drill Saffron 2 FOR FREE 12bn, in return for a share of the production - if production is likely to be as disappointing as you suggest why would they do that?

I’ve got an open mind on it - I can see why BPC want to progress Saffron 2 and I wish them well with it - it looks to have good potential for reasons I’ve previously stated - why would a moron spend his life attempting to discourage investors with all sorts of misleading garbage - seems like you are losing the plot more snd more as the days go by - if you have some degenerative illness I’m sorry for you but I can’t get your money back for your past ridiculously investment decisions and I’m not sure the counselling from me is really helping but I will continue when I can 12bn!

[12bn] 15/4/2021 06:25

Thicko arry,I mention Venezuela because I know exactly where it is! Lenigas used to talk about the 800 lb gorilla field,do you remember that? The point he made was that the SWP COULD be part of that oil field but you would need to drill 11000ft-12000 ft to find out and at the time the estimated costs were $15m-$20m and it never got drilled by them. Saffron 2 is likely to drill to half that depth and may pick up small pockets of oil that will flow ok for only a short period of time just like every other Trinidad well. SWP is not Goudron but it is in Trinidad and maybe the geology in Trinidad is not good for decent oil production. What amazes me about you is that you are still at the deltalo stage where you believe every thing that the BoD says. Despite losing a vast % of your capital here you just sign up for the latest pump theory,your level of stupidity is exasperating. BPC has told us that they need $25m-$40m cash but like a drowning man you clutch onto the 'this time Rodney things will be different'. I hope holders don't take arry the village idiots optimism seriously,BPC is going to do what Cerp/LGO did for years and that is to tell a story that will help them raise more cash from the gullible to keep going. I suggest holders go onto a Cerp thread and click on 'news' then scroll through the years of fund raisings wasted on drilling Trinidad.

[arrynillson] 14/4/2021 20:28

12bn - re your post 53992 I feel very sad for your ignorance - you mention Venezuela as if that’s a country far away from Trinidad but if you can manage to access the most basic geology map you’ll find that the oilfields just off the South West Peninsula I have mentioned are part of the Venezuelan Basin ( Venezuela is quite well known for it’s oil 12bn)

The Soldado North field managed to conduct itself very effectively at an average of 15,000 bopd over 50 YEARS 12bn so any loss of pressure didn’t seem to be a big problem for them! It’s foolish to persist with this ridiculous sweeping generalisation about Trinidad - Saffron 2 may be great but could be a disappointment my point is that the drillers of Saffron 1 know more about the geology than most bulletin board posters and certainly more than troll 12bn with one of the most unenviable investment records on advfn.

Out of interest 12bn do you know any other posters who claim to have made lots of cash on a share but feel the need to troll it for many years thereafter whilst claiming no financial interest - even setting up serial threads on advfn - I can’t imagine what lengths you would have gone to if you’d admitted making a loss ROFLMAO!

[12bn] 14/4/2021 17:16

angryarry,I made £60k here in the LGO days how much have you made with LGO/BPC minus 90%? Trinidad wells do lose pressure fast and the SWP is in TRINIDAD,where do you think it is,Venezuela? Angryarry why don't you admit that you have called this wrong for years? You have argued LGO/Cerps case wrongly as your investment here fell and fell. LGO was once 6.5p before the 20:1 consolidation,thats over 130p by todays terms! Your limited knowledge has led you wrongly for years,why aren't you man enough to admit it?

[deltalo] 14/4/2021 15:41

Brent 65 dpb, its on the up.Makes are asset's and future increase in production a whole lot more valuable.https://oilprice.com/

[arrynillson] 14/4/2021 14:59

12bn - the point is you often post misleadingly and your sweeping generalisation ' Trinidad wells lose pressure and production quickly ' was total bowlocks as you now appear happy to concede. I'm not suggesting Saffron 2 will be another Soldado North but I've no problem with an Oil Exploration and Development company pursuing the drill and the expectation from BPC appears relatively modest to those of us who've bothered to follow the story of Saffron 1 12bn - you are aware from my previous educational posts to you that the drillers were so impressed with the potential of Saffron 2 ( here's the bit you love 12bn!) that they offered to drill it FOR FREE 12bn, in return for a share of production - you never did get back to me with your calculations on bopd they were expecting to get a decent ROI on say $2 million drill cost - perhaps use $40 WTI as you were so determined to post negatively you tried to convince readers that POO wouldn't exceed the $35 WTI specified by the drillers for the FREE DRILL! ( Yet another unsuccessful 12bn forecast - people don't forget these things, well, not whilst I'm here to helpfully remind them 12bn - where would you be without my assistance 12bn?