would be nice to see an offer from someone Martini...My math says' the P-1's are worth more than ALL THEIR DEBTS combined even when discounted 50% for a sale price..About equal to all debt when discounted 67%..Of course that leaves 80-85 MILLION cash and all other assets as GRAVY for equity and the shareholders...Got to think that some BIG can see the GIFT an opportunity given the situation..
I have been unable to locate your stats..Maybe post a link where it states what you claim..RJ has not mentioned beyond what was prior 60 million March 1st due..
Cash on hand would add to that amount alone...Will YOU be DISCOUNTING CASH ?..Heck, I thought them greenbacks were growing in value ! LOL.....Maybe better to look at the $205 Net ASSET VALUE Rj placed on them December 23rd, 2014..Discount that for an entire sale of the company...at 50% DISCOUNT, that's a buck per share ..........................................
patient was admitted to the hospital, but like poor/bad kids of a wealthy uncle hoping on an inheritance, many here are already writing his obituary...LIQUIDATION value exceeds current PPS substantially...Note that ALL these new posters just showed up posting David..That in itself should tell you much..Many entities NEED new reserves..What will they pay for 13.5 million P-1's alone ? Of course hacks want you to think it goes for FREE..DISCOUNTED 50% is 405 million dollars..Discounted 67% is 270 million dollars..I think a 50% discount is about right, but that does not include any of the remaining assets and including the CASH...The P-1's exceed their debts ALONE at the 50% discount..Keep the faith and "F" the new hacks.."IGNORE" is a wonderful feature in dealing with such.
Many of the expenses they are/were planning on incurring are "chosen" and not REQUIRED as I see.I WANT a new Ferrari, but I don't NEED one....Who HAS TO build two new platforms given the situation ? Pay the March debt..Still have approximately 20-25 million as I would expect they would have, and then work further on peddling the assets as they currently stand.Cutting Capex and associated expenses would have BPZ CREATING FREE CASH...Maybe the CEO is choosing to do what he is doing so he just remains in his job..Maybe his first priority is to himself rather than the shareholders..It just makes no sense if this was meant to preserve "shareholder" value..Unless these few days are needed to cross the T's and dot the I's on a sale or something else that we are not aware of at this time..
good chance that may be TRUE..
is there any intellectual answer from the toilet tossers ? NOPE..Because FACTS are FACTS..Math is math..If it makes no sense, then what they say and spew isn't true..Like Judge Judy would say..
"IF" bunk sir....exactly what doesn't happen..You're already at the end of a process while you left out all the volleys of what's involved let alone even entering ..Been in court several dozens of times..Only came up short ONCE in my life...
too dumb......get ready for something you fail to see smokem..
Nope..Guys like you mean zippo to me Tee.....Not with this those as yourself shooting the BS chumming the water fear mongering ..Sticking with my DD and the assets minus liabilities..Math doesn't change with the fear brought on by bs you or others spew.. ...PPS has changed, but the rest has remained the same..Would not be surprised that it opens up a dollar with buyout you or others fail to see coming..Or something else..Maybe fire in that smoke others have mentioned with Total perhaps...Hah?????
the only thing rising to the top at this moment in time is your innuendo of BS sewage..My Gevo went down to 12 cents under the same circumstances right before it nearly tripled days later and that was just weeks ago.....Further, it did not have a cash hoard laying around Mr. Rise........
plenty of value...What are 13.5 MILLION P-1's worth at a large discount to current Brent pricing ??/ Say cut it 50%...what's it worth ?? Likely somewhere in the $85 million cash in the bank also always helps on the asset side of any ledger..Platforms, rigs, Natural gas itself, P-2's, P-3's, seismic completed, 1.9 million leased acres,,,on and an adds Up gentlemen.....The oil alone P-1's discounted 50% from current $60 Brent level is 405 MILLION...Discount it 70% and it's still larger than their TOTAL DEBTS of both 2015 & 2017 COMBINED..I'll stick with my 50% as being fair on the P-1's..The rest is GRAVY that only adds to the net on the asset side of the ledger..
no doubt at GIFT LEVELS...Happy to hear any offers ...Share price has changed, but not much else from a balance sheet perspective when it comes to assets and liabilities..RJ had a NAV of $2.05/share with Brent priced at $75 for BPZ..That was a release December 23rd after oil had been already crushed..What's 13.5 ,Million barrels of P-1's worth just as One asset ??????I know how many are math challenged, but you might want do the math to see where that tallies....What's my worst case scenario under liquidation is always good due diligence to do..Add it all up.....Minus the liabilities...what's the math ????
does the word "extension" mean anything to you ? The 'extension is granted after warning periods have transpired sir..I've seen companies under this scenario going well over one year.. They have not even got to the point where an extension will be needed.That is mid June...Grand Deal and all you hacks are toast..keep cawing !! I'm happy even if they LIQUIDATE the whole enchilada..I'm proficient in math as well as Assets verse Liabilities scenarios..It's a net positive for EQUITY after paying ALL DEBT for the asset side of the column..
less than 16 million as is the current Capitalization? Maybe they will give it all to them free from your angle ?? Must be smoking some weed in them Rocky Mountians
my only question is why would they NOT pay "MARCH debt" with ample monies to do so? Pay that debt, cut capex accordingly, and you have bought lots of time in looking for a buyer..Why create the crisis of potential Chap 11 when payment kicks that can way down the road.?..They have many producing wells..They have lots of other assets...Cut the expenses and just keep selling what your pulling from the ground while you pursue the same as they are now without it being all encompassing of what's due in 2017/October ( a LONG ways away!) The first obligation to a CEO is the CURRENT shareholders..That is my biggest question..When I run short of any answer, that makes me think a Grand Deal is near..Less than 8 days away...Nothing else makes sense...
nobody just blows $2 million for no good reason...May be as much indicative to how close they feel they are to ALL the stars coming into alignment on the Grand Deal they are pursuing..Ha ??? Should they sign a Grand Deal, many touting their brilliance today will be eating crow middle of next week at the latest..Maybe they are signing that now or tomorrow is possible for all anybody knows....
look out for any Pac Rub deal I'd suggest.....likely part of the "several options being looked at"..I'll admit this grand deal being pursued and hoped for came from nowhere..