laallee
02 Jun 2018
Re: money raise Good morning Fatal, The dilution is not dilution, it was an exercise of warrants. A sign that someone believes they are worth having!Now calm down you old faart and enjoy the ride,,
JBT2007
01 Jun 2018
Re: money raise FC, I'm not doing your homework for you!We need the money for many reasons despite current negotiations and monthly fees. I'll give you a couple of reasons for the need for the cash. Macquarie fees to help conclude a deal. Licence fees due to GOCB in June I believe at around $1m. There are others but you need to do some of your own research! Whilst you tongue was no doubt in your cheek, you describe yourself very well, nothing wrong with a bit of self awareness!
Fatal Charm
01 Jun 2018
Re: money raise JBT, I am paying attention and wait for your elucidation with bated breath and whispering humbleness.None has been forthcoming so far. I am intrigued with a company raising money while on the cusp of of a bonanza, and am waiting for a reasoned, mature reply. Clearly, there is no way I am getting that from you.I will move on. So, laallee, what is your take on it?
Fatal Charm
31 May 2018
Re: money raise JBT, please elucidate, for I am an ignoramus and have no idea what is going on.
JBT2007
31 May 2018
Re: money raise You're not paying attention FC!...
Fatal Charm
30 May 2018
money raise so, clever dicks, why are BPC raising more money, with yet another share issue, when we are expecting a farm in and £$millions of money put into the company???Uncas, you can start first.
Hallowed
25 May 2018
Re: RNS Thanks Uncas, like I say, on the face of it looks good and but SP will most likely see-saw for a while.
Uncas
24 May 2018
Macquaire We believe that Macquarie Capital's deep sector expertise in oil and gas will be of considerable benefit to BPC as we look to advancing our strategy. In addition, the funds raised through the Subscription gives the Company more flexibility in any negotiations."Now if we take a look at Macquarie's interests and what they spend their own wampum on we can see they may be a possible an equity partner. Not saying they will just they cud if they wanted to. And the £1m raised shows the exclusive partner BPC are not a distressed seller
Uncas
24 May 2018
Re: RNS Means more than that to me ..... ''to conclude a detailed technical evaluation of the Company's licences' - 'conclude' indicates they were far enough through dd to want to get very serious and second part of sentence:''and at the same time seek to develop a commercial framework for a potential transaction'' indicates they are talking farm out % and $m. This is a make or break deal for Chevron or Shell and if whoever it is doesn't do the deal the other may well jump in. Just like selling a house init? bwtfdik
Hallowed
24 May 2018
Re: RNS I think recent announcements about due diligence and Macquarie can be a two-edged sword - on the face of it, it would appear to be all positive except we are taking about BPC here. In light of rising oil prices and other small caps already announcing financing to undertake actual drilling, many were (rightly) expecting the same form BPC but instead we get news of another delay via exclusive 'due diligence' process on data that has been fully de-risked and independently audited. So something just does not sit right and my feeling is that this search process for a partner may take much longer than most expected.Good luck whatever your strategies!
WhiteBat
24 May 2018
New BPC Subsidiaries If you google bpc share price you will see a graph of the share price, plus the following information to the right. I have not seen the subsidiaries bit before. Why do they need them?Headquarters: Isle of ManFounded: 1996Subsidiaries: BPC Jersey Limited, BPC Perth Pty Ltd.
Fatal Charm
23 May 2018
Re: Malcy's blog I think it's Royal Dutch Shell, but the share has dropped today and that is a bit of a surprise, although some will be getting out early having made a few bob.It's always been a juicy ride - for me --- 8 years of nothing.
Uncas
23 May 2018
Re: Malcy's blog IMO it has to b one of them on costs and it's not BP...Chevron and Conoco having a bad time in Venezuela so it cud b anyone of the super 5 left.Chevron have been the most interested with their historical wells and exploration so I'm going with them, just for fun.If I'm right u heard it here first guys, if I'm wrong I don't care as long as it's a deal with a super major
RussAbbot
23 May 2018
Re: Malcy's blog Hmm, interesting wording Malcy. RNS stated major. Malcy states super major.
Clod12
23 May 2018
Malcy's blog [link] PetroleumWhen your shares go up by 375% in less than a month and you have no money in the bank the temptation to visit the ducks when they are quacking is not only too much to resist but eminently sensible. Raising £1.1m at 2.5p is hardly company changing, indeed having just appointed Macquarie bank it will probably just about cover the fees, but with recent good news of a suitor checking over the books and paying a quarter of a bar a month to do so things are looking up for BPC. Shareholders should not get overexcited, if the super major involved comes good it will be game changing but there are also downside risks to be aware of, at present though they are enjoying their days in the sun…
