Bullboard - Stock Discussion Forum Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date... see more

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TSX:BNK - Post Discussion

Big Banc Split Corp > Drilling soon

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Post by QUANTUMJUMP on Sep 05, 2016 2:29pm

Drilling soon

The agreement will become effective upon receipt by Bankers of the Albanian Government's approval of the Company's proposed drilling program for the fourth quarter of 2016
Read more at https://www.stockhouse.com/news/press-releases/2016/08/31/bankers-petroleum-announces-domestic-crude-oil-sales-contract#vib51AbDWsKphCQJ.99

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Comment by braincloud on Sep 05, 2016 4:05pm

If oil prices fail to hold there won't be any rigs deployed. It's customary for BNK to submit their program in advance for approval . Nothing says they have to drill if they can't make money . It's completely up to BNK . They do this so that there's no argument around the CApex and recoverable costs . It's the very same they did in advance of that whole freaking argument ...more

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Big Banc Split Corp