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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Bahamas Petroleum Company Plc | BPC | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 0.325 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 0.325 | 0.325 |
| Top Posts |
|---|
Posted at 14/5/2021 16:46 by deltalo If is a big meaningful word if if if, most large investors like myself have over-subscribed just like Eytan did with an Extra 10m, just like the voting on the resolutions at the EGM, it'll all be passed, Saffron #2 will be drilled in the 23rd, joking apart there's alot of money going into this appraisal well from the company and from the investors, so as I've said before, wait and see the outcome from the well before you even rundown the flow rate, as you don't know. The company wouldn't be spending 3m and refused a free drill if the flow rate will drop. That's my honest opinion. |
Posted at 28/4/2021 13:23 by deltalo Open offer is available on my bpc shares through interactive investor account. Should be available for all qualifying investors. |
Posted at 25/4/2021 11:47 by pro_s2009 Bahamas Petroleum Company (BPC) tries to grab investor money wherever, whenever and however it can. Now, following their Bahamas drilling failure, it’s announced an extraordinary general meeting to approve a 1:10 share consolidation and a name change. There’s a £6.9 million open offer and placing at 0.35p too, but the convertible loan note addiction is very much going to continue and it’s difficult to see any appeal at all with this one. For those who have been hurt by BPC and others like it, remember that understanding the financing of these types of companies really is the key to success in this area of the stock market. It’s actually much more important than the “fundamentals& |
Posted at 23/4/2021 22:59 by deltalo And here's someone who said, why are all buying at 0.45 when they could buy at the offer price of 0.35 later on lol. Not at all, 0.35 is only for qualifying shareholder's and any remaining shares that's not taken up will be offered (only) to institutional investors at the same price. ..............· Reca |
Posted at 22/4/2021 15:32 by deltalo Did you get stuffed and that's why your very sad and bitter about this, that's all in the past, sorry about LTH's, but every new investor has the right to make their own minds up on a new direction of the business. So just give it a rest as you could just move on to a share you are invested in, or don't you have one. Your desperation makes me buy more shares as your worried about investors lol, my ass. |
Posted at 16/4/2021 10:20 by 12bn Thanks Pro-S2009,here is your article for those who cannot be bothered to click on your link,which does work fine.////////By NEIL HARTNELL#Tribune Business Editor #nhartnell@tribuneme #A prominent QC yesterday argued that Bahamas Petroleum Company (BPC) will itself benefit from the legal challenge to its permits being cleared to proceed to a full Supreme Court trial. #Fred Smith QC, the Callenders & Co attorney and partner, told Tribune Business that the outcome of the Judicial Review action launched by his environmental activist clients will aid the oil explorer in its search for joint venture partners by clarifying precisely what approvals are required for any future exploratory wells drilled in Bahamian waters. #He spoke out after this newspaper learned BPC has dropped its opposition to allowing Save the Bays and Waterkeepers Bahamas extra time to set-up the bank account that will hold the $200,000 “security for costs”, which will cover the oil explorer’s legal fees if the activists are unsuccessful as ordered by the Supreme Court. #BPC and its attorneys, Graham, Thompson & Company, had initially proven uncooperative in extending the March 30, 2021, deadline for the $200,000 facility to be in place even though the activists had raised the necessary funds in time, but Mr Smith yesterday confirmed they had relented and reversed their stance. #“The [activist] coalition and BPC are working at setting up a joint account for the $200,000 security for costs, and hopefully when that is done - it takes time, unfortunately because it’s very difficult to conduct business in a rationale way in The Bahamas - we will be able to go on with the trial when we convene for the parties to go back before the court and ask for directions,” Mr Smith said. #BPC’s revised position has both eliminated the need for a Supreme Court hearing on whether to grant Mr Smith’s clients extra time to put the “security for costs” facility in place, and removed all potential obstacles to a trial on the merits and substantive issues raised by their Judicial Review challenge. #Mr Smith yesterday argued that it was “extremely important” that the Supreme Court determine whether the Government had followed its own approval processes, and if BPC obtained all the required permits, even though drilling for the latter’s Perseverance One exploratory well had concluded in mid-February with no commercial oil quantities discovered. #With the oil explorer having indicated it will apply to extend its four southern Bahamas exploration licences for another three-year term, with plans to seek a joint venture partner and drill a second exploratory well in Bahamian waters, he added that it was critical to clarify the regulatory regime for all interested parties - BPC and its potential partner; the Government; other oil explorers; and the public. #“The trial of this Judicial Review remains extremely important even though they [BPC] have finished drilling because it will settle the law on what are the obligations of the Government and oil explorers to be transparent in their dealings with the public, what laws and regulations do in fact apply, and what permits oil explorers at every stage must lawfully obtain,” Mr Smith said. #“Given the continued expressed intent of BPC and possibly others - we just don’t know because the Government’s information base is locked in a Fort Knox-obsessive mindset - to continue drilling for oil, and the value of our environment and the fact it is a limited resource that can be destroyed in many different ways and different locations overnight, the outcome of this trial will provide a foundational basis for oil exploration permitting going forward.” #Mr Smith said among the issues that the Supreme Court needs to determine are whether exploratory oil wells require site plan approval under the Planning and Subdivisions Act; if they also need excavation permits under the Conservation and Protection of the Physical Landscape of The Bahamas Act; and the application of local laws and international treaties to prevent pollution at sea. #He added that other issues included whether the newly-enacted Environmental Planning and Protection Act applies to exploratory oil wells, or if it is just the Petroleum Act and accompanying regulations. “There’s a whole slew of laws and regulations that the court needs to pronounce on,” the outspoken QC told this newspaper. #“The benefit of a Judicial Review is that it clarifies the law for the Government, the developer, civil society and the public, and that’s why these actions are not supposed to descend into trench warfare on procedural issues. Again and again the courts have said to move quickly to deal with the merits as they are matters in which everybody benefits from judicial clarification of the law. #“There is no sense in stringing this case out for four to five years while other exploration is going on. Otherwise it becomes fraught with extremely high costs and obstruction which is to the detriment of developers and the public. It baffles me why the Government always digs its heels in and tries to prevent the quick determination by the courts dealing with Judicial Reviews.” #Mr Smith argued that BPC, and its plans to secure a joint venture partner for a second exploratory well, would also benefit from the Supreme Court providing regulatory clarity. “Investors would generally prefer to know what the law is rather than have constant Judicial Review challenges over whether there was public consultation or not, and whether this or that Act applies or not,” he said. #“It only creates confusion and chaos in the investor environment. Investors don’t want to come here and be sued. They want to come here and do business. Judicial Reviews provide a very effective mechanism for helping the investment climate if not resisted so prematurely.” #Simon Potter, BPC’s chief executive, recently said the company’s total spend on its activities in The Bahamas had hit $150m as he affirmed its continuing interest in this nation and plan to apply for a renewal of its licences into a third exploration period. #The renewal application, for licences that are set to expire at end-June, was supposed to be submitted by end-March 2021 although the Government has yet to confirm whether it has received such submissions. #A successful renewal will give BPC the chance to earn a return on its $150m investment by “monetising |
Posted at 01/4/2021 17:45 by deltalo Saffron 2 not viable, I already know it's viable. You stay clear here as i was hoping you'd be in on this, but obviously you don't want to know, so thats your choice and I'm the type of person to wish you luck in your future investments.I'm not bothered in the meantime it the share price fluctuates as I know it'll move up very soon. Before you keep posting negatively, just wait a little longer as to give new investors the chance to make their own minds up. You could be deterring investors here that will most likely lose out from this very low valued share price from the news that's about to come. They'll be thinking I hope bn12 is right lol. Watch this space mate, stick around as want you to see this. |
Posted at 29/3/2021 18:27 by deltalo I bet, excellent interview and put all investors and future investors minds at rest, we're fully funded and a lot of news flow and upside to come, straight from the horses mouth, That's what I've been saying over and over. Glad that I've been topping up over the last few weeks. |
Posted at 04/3/2021 17:02 by milanista11 Ground to earth the past capitalization of BPC of over 100 millions GBP was based on the Bahamas oil project and was to be considered as THE option of a huge oil discovery. I think the management knew the chances of a breakthrough discovery were narrow, so they acquired Cerp to have a fallback story to continue luring the investors to put money into the company. Now they promote the not so prolific oil fields in Trinidad, telling the story that this time the assets are real and it is only a matter of expertise to extract their value. And in case of failure again there is Suriname and later on Uruguay. I think the management is selling in the best case hope and in the worse dreams.For investors looking for a turnaround situation in oil I would recommend Tullow oil instead. Tullow has producing assets which grow in value with higher oil prices and Tullow is an experienced explorer and in case of a great discovery in offshore Surinam the share price will have a spike. Caveat: Tullow has to much debt. |
Posted at 25/2/2021 22:10 by the millipede EggC - I think currently there are simply too many unknowns. BPC might be a money maker or it might spend the next few years eating retail investors alive. There is not much in between IMO.For me, Perseverance #1 was pure speculation, more like a visit to the roulette table than an investment. But I liked the fact Potter had kept 100% of the equity in house and, till the LO fundraising deal, small investors had been treated well. I still think we might end up, in some years time, with commercial discoveries in the Bahamas. How much current BPC shareholders will benefit is very unclear now, to me at least. But that is speculation, just like the drill. Because we don't know how successful Perseverance #1 was till the company gives us more info. We don't know if any prospect warrants further drilling in the Bahamas. We do know BPC can't go it alone any more but we don't know, even if further drilling is warranted, whether anyone will farm in and on what terms. Everyone seems to expect $100m of back costs but I can't see it, to be honest. More speculation: I think Potter wants back costs, and it is the main sticking point to a deal and that is why Potter didn't farm in before. Low ball offer? Maybe, but I think there won't be anything better. What is my strategy? I did think about averaging down but I need to understand the ex CERP assets better. LGO and CERP seemed to spend a long time getting nowhere till Saffron #1 but I am not clear in my mind currently what I make of that. Was it the long time taken to nurture a genuine asset, bumping into inflated investor expectations? Or will BPC tread the same road as many loser AIM oil companies have trod before, and bleed investors dry? I am out till I can come up with a plausible answer to that question. |
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