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BCC, BUCCANEER ENERGY LIMITED
melua
post Posted: Jun 10 2014, 10:30 PM
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In Reply To: gollygosh's post @ Jun 10 2014, 10:22 PM

Just a terrible website now. Why change something that was working well?

 
gollygosh
post Posted: Jun 10 2014, 10:22 PM
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In Reply To: melua's post @ Jun 4 2014, 02:26 PM

I don't know what is worse bcc or over the rd . The site is a piece of junk with hidden and missing posts unless u hit this button or the other but then when u slide your mouse across something on the way to another and it is blocked because of a pop up . grrrrrrr

 
melua
post Posted: Jun 4 2014, 02:26 PM
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In Reply To: gollygosh's post @ Jun 3 2014, 10:24 AM

Assets listed as less than $50,000 yet has liabilities between $50M and $100M.

 
gollygosh
post Posted: Jun 3 2014, 10:24 AM
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In Reply To: UniversalTrader's post @ Jun 2 2014, 06:46 PM

U.T if I read the chapt 11 filing correctly , need to dub check , they had the liability on one or both rigs at 90 mill over the next x years .

I wonder what AIDEA think of all this or how about Ezion ? Guessing blue crest is feeling lucky in not signing on for winter drilling now as per original contract .

CIRI is the one who has deep pockets and they aren't just gunna walk away knowing that bcc has agreed that kenai loop is draining their leases and owes them for the pleasure . 30 days to lodge their brief if they want to stop the chapt 11 .

 
UniversalTrader
post Posted: Jun 2 2014, 06:46 PM
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In Reply To: gollygosh's post @ Jun 2 2014, 04:21 PM

I don't think our previous kings of mismanagement couldn't have misrepresented things more. The rigs have killed us because the idiots poor business case of keeping them utilised - profit centers my arse!

 
UniversalTrader
post Posted: Jun 2 2014, 06:43 PM
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In Reply To: peter1960's post @ Jun 2 2014, 05:17 PM

QUOTE
SYR/CSE will be going much higher this year. Keep an eye on BML too. In at 0.004c and looking really solid.


Thanks Melua - no intention of getting rid of SYR/CSE anytime soon. Don't have the cash for another investment currently - need to get through the settlement process with the ex first.

 

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peter1960
post Posted: Jun 2 2014, 05:17 PM
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In Reply To: spats's post @ Jun 2 2014, 11:44 AM

Good luck to you to Cable,
The only really good experience I have had with a stock like BCC was meeting
a nice guy like you.
All the best brother and i think you know how to contact me
pp

 
melua
post Posted: Jun 2 2014, 04:52 PM
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In Reply To: UniversalTrader's post @ Jun 2 2014, 12:45 PM

UT,
SYR/CSE will be going much higher this year. Keep an eye on BML too. In at 0.004c and looking really solid.

 
gollygosh
post Posted: Jun 2 2014, 04:21 PM
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In Reply To: UniversalTrader's post @ Jun 2 2014, 12:45 PM

BCC has to becareful here as they now face the risk of losing the KL leases . From memory under the lease agreements they have to drill 1 well per year .
They've already screwed up leases with CIRI , SC and west eagle plus others down sth [pomp ?]

follow the links posted over the rd as they are using the bare boat rig agreements of both rigs as justification for bankruptcy protection but we all know what was to happen on June 1st with escrow of kl accts .

If I was ciri I'd be livid and would fight this tooth and nail . Maybe I'm wrong as well .

 
UniversalTrader
post Posted: Jun 2 2014, 12:45 PM
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In Reply To: spats's post @ Jun 2 2014, 11:44 AM

Such is life. One thing is for sure this company has been a good but expensive lesson on how much bullshite a company can get away with unscathed by the likes of ASIC and the ASX. At least it is less for the ex to get, and I have a nice loss to offset against future SYR/CSE gains.

 
 


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