BPH Chart Technicals, page-384

I am extremely confident in my analysis of the first application. (I discovered the PEP-11 application can't remove a work condition like the 3D seismic survey and not replace it with something equal or similar according to the NOPTA guidelines, 40 day infraction, perpetual extensions, expiry of work program before completing all permit conditions, no known evidence for how they tried to do any drilling, (but couldn't because of COVID), etc etc... as described here: 52310955) As the decision maker, Keith Pitt has the right to wait for the second application.

Keith Pitt has shown us that he is very savy with corporate responsibility, he knows that if he rejects the first application now, and approves the second application it will decimate the BPH share price, and the BUY share price unnecessarily (if the second application was to be approved).

Therefore, I think if Keith Pitt thinks the first application is untenable he will wait until the second application is sent to the Joint Authority, then make a decision on both simultaneously.

I think there is still some time ahead yet.

Also remember the last application that was decided on by NOPTA? It was 577days in the application process, if the 23/01/2020 application is in the process for that long, then that would take it to being decided on by 22nd August 2021.


And for this reason is why I considered my last buy in, a purely technical one, as I don't want to be stuck in the stock when the decision is made, because I believe the first application has a low probability of success. And if we are honest with ourselves, I think we know a part of the reason the second application exists is because we cannot 100% trust the first application since it broke so many rules. (probably why some users called it an "insurance").