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BK LIM

Disasters know no boundaries; saving Mother Earth is our collective responsibility.
Articles Posted: 105  Links Seeded: 412
Member Since: 7/2010  Last Seen: 5/16/2012

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Barred from Drilling Ahead website for posting the truth on Tony's BP share sell off.

Wed Jul 14, 2010 10:39 AM EDT
business, disaster, stan, bp-oil-spill, insider-trading, tony-hayward, blowout, curtis, bps-share, drilling-ahead
By BK Lim

barred from website

email from Curtis - website owner

2nd email from Stan

Stan's comment p1

Stan's comment p2

Stan's comment p3

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- hydrocomgeo@gmail.com

On 7 July I started a discussion thread titled “Deep Horizon Blowout – was it a disaster in waiting?” at http://www.drillingahead.com, a social network website for oil and gas professionals.

On 13 July 2010, there was a thread discussion posted by Stan asking an apparent contradiction. Why “shallow hazards reports and assessments” were cited in BP’s permit application to MMS (dated 10 March 2010) for drilling the ill-fated Macondo well in 5,000ft of water? This is an obvious legitimate question from a keen member of the public on an apparent “red flag”. Somehow in the discussion, the website owner (Curtis) started to chastise Stan for being “stupid” and misled by false reporting. To prove that point Curtis posted a listing of share transactions showing Tony Hayward buying BP’s shares (50 lots each) instead of selling. The listing however started from 20 March 2010 onwards. Curtis closed further posting on the threat discussion, thereafter.

At 4:25pm July 13, I replied to Stan’s request on the apparent “red flags”. Shallow hazards do not mean shallow water but shallow sub-seabed (below mudline) hazards. In the same posting, I pointed to Stan that Tony Howard disposed of his shares (223,228 lots) on 17 March before buying them back a week later on several transactions but on smaller lots of 50.

Apparently this struck a raw nerve at DrillingAhead website. At 9:01 am July 14, Curtis sent me an email. Apparently this was to get me to log on to the website with my internet connection (to obtain my IP address) and to bar me from accessing the website without notice. My email to Curtis requesting the basis for barring me from the website has been unanswered.

This brings up several questions:

  1. Isn’t this barring legal in prohibiting “freedom of information”?
  2. This is supposed to be a social network website for open professional discussion. Or is this just a cover to channel one-sided information? Was BP or Tony Hayward sponsoring this website?
  3. Was there a hidden agenda?
  4. There is nothing offensive at all in my posting. All my postings had been deleted from the website’s discussions. Why the haste in barring me?
  5. Why was Tony’s share sell-out so sensitive on this technical website for professional?
  6. Is there money to be made from an apparent “rig accident”?
  7. Were the shares in small lots (50) bought to cover Tony’s track?
  8. Why did Curtis not list Tony’s share sellout on 17th March 2010 in his posting? Was it deliberate?
  9. There is probably more than it meets the eye in this disaster.

Stan, if you are reading this, you can contact me through hydrocomgeo@gmail.com.

BK Lim

14 July 2010

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  • Public Discussion (12)
freebirdreaming

i would like to take all bets ...... that you won't get an answer:)

sarc/

  • 5 votes
Reply#1 - Wed Jul 14, 2010 11:35 AM EDT
BK Lim

freebirddreaming,

No I am not expecting a reply. It is for the world to know.....the truth beneath ground level.

  • 6 votes
#1.1 - Wed Jul 14, 2010 12:10 PM EDT
Z1P2

Curtis sounds like just another douchebag with an authority complex. There are a lot of them out there... and the best thing to do is expose them just like you are, then avoid them like the plague.

  • 2 votes
#1.2 - Sat Feb 19, 2011 10:39 PM EST
Reply
Jaybao

wonder what curtis of Drilling Ahead had to do with BP's shares for him to be so sensitive about

  • 4 votes
Reply#2 - Fri Jul 16, 2010 9:36 PM EDT
BK Lim

He sold >200,000 shares just before Hurricane IDA hit the Transocean Marianas.

he sold >200,000 shares one month before the blowout at DWH.

This time several BP directors also followed until 30 March 2010.

Each time after his big sell, Tony would buy back at higher prices 50 to 80 shares.

Now what does that tell you? Trying to cover his tracks?

As an experienced geologist, who knew the well was going to blow, would you put profit before professionalism. In other industries, this would be insider trading. So was the blowout expected?

  • 5 votes
Reply#3 - Mon Jul 19, 2010 4:42 PM EDT
Z1P2

I think you just hit the nail on the head... The blowout WAS expected and this behavior pattern with other expected disasters proves it. This is of course highly illegal for Hawyard, and if exposed he could be facing a life sentence.

Hence Curtis' sensitivity to the issue... good job on getting that out there though... don't just stop with Newsvine though. Post it anywhere and everywhere you can. Tweet it, create a facebook page, post it anywhere else you can.

  • 2 votes
#3.1 - Sat Feb 19, 2011 10:45 PM EST
BK Lim

Zip2,

Thanks, had been trying to do that. BP's apologists making sorry excuses that such shares sales are common in the industry. It is not. When top executives started to dispose of their share options, it is always an indication of their impending departure from the company or something else serious.

You are right, he should be prosecuted for insider's trading just as the others who followed suit. You do not have 4 directors selling their shares massively and then buying back a few lots a week later.

The most telling part of Curtis's reply was the fact he stressed on the "buying" but not the "selling".

  • 3 votes
#3.2 - Sun Feb 20, 2011 2:04 AM EST
Z1P2

Not just insider trading, but 16 counts of negligent homicide.

  • 2 votes
#3.3 - Wed Feb 23, 2011 2:48 PM EST
BK Lim

Just curious, why 16 counts of negligent homicide when only 11 died that day unless you are including ...the late Matt Simmons, Ted Stevens, Dr Thomas B Manton, Jim Black and Gregory Stone ???

  • 3 votes
#3.4 - Wed Feb 23, 2011 6:23 PM EST
Z1P2

Sorry, 11 counts then. Either way you're still talking about a life term if served consecutively.

  • 1 vote
#3.5 - Sat Feb 26, 2011 2:18 AM EST
Reply
LifeTravler

BK, it's good to see you posting again. However, please be careful. I don't think any of this is over by a long shot.

  • 3 votes
Reply#4 - Mon Feb 21, 2011 11:29 AM EST
BK Lim

LT, we nevertheless have to soldier until the last breath. For what other purpose have we been put on earth? Thanks for your concern. Will be careful.

  • 3 votes
#4.1 - Tue Feb 22, 2011 6:58 AM EST
Reply
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