Share Name Share Symbol Market Type Share ISIN Share Description
Bahamas Petrol LSE:BPC London Ordinary Share IM00B3NTV894 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 0.875p 0.85p 0.90p 0.875p 0.875p 0.875p 6,971,862 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.1 -0.3 - 11.73

Bahamas Share Discussion Threads

Showing 31276 to 31299 of 31300 messages
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DateSubjectAuthorDiscuss
21/9/2017
18:55
Opportunity for a major farmin partner to find oil in huge quantities with a quick and cheap route to market at a fiscal rate you can only dream of. Any exploration manager of a major oil company worth their salt would not be doing their job properly if they didn't farmin. Oil price is powering ahead at $56.45. It will be $60-70 by the time they drill. The 3D and previous wells drilled say it all.
whoppy
20/9/2017
21:01
Incidentally the market is clearly sceptical and has little confidence as the share price is sitting at all time low and dropping.with only 6-7 months till the supposed endlessly awaited "drilling activities" it says it all really
bigsi2
20/9/2017
20:57
And yet here we are....You may well find it's an issue the company has not fessed up to as in the past-Regs- the regs aren't an issue as the company will operate under best practice - followed by- "the lack of regs was an issue that has been a problem" now we can move forwardWith partner Petroleum bill - the bill not having past yet is not an issue - followed by the lack of bill passing was an issue for prospective companies as they were "suspicious" of GOB commitment. Now it's passed we can move forward with partnerCash - We have enough cash to see us through farmout process - followed by - actually we need to raise cashPre 2017 April - we are confident of drilling by obligated date - followed by - we have secured an extension as we have not found a partner Etc etc etcMy guess is no company wants to commit millions to drill when permission is not guaranteed on extraction due to the promised referendum, as they are still "renewing interest" with new govt (that was anti drill last election 2011)no doubt come Jan/Feb2018 we will get an update with fresh excuses
bigsi2
20/9/2017
19:36
Ryder Scott CPR has already been done for the Cretaceous interval. Wood Mackenzie's independent report further advanced this and ranked BPC in the top 10 of world class asset by prospect size. The new technical report will take into account all the plays, intervals and the recent new and extended data sharing across the region as announced in the last RNS. This will make BPC No.1 for a world class asset by prospect size. Majors can't ignore that. They need to find future reserves.
whoppy
20/9/2017
18:30
Fundamentals ??a license from a new government that hasn't given go ahead for future extraction & some seismic data!!So two pieces of paper and some spare change in bank :)My two cents on the latest RNS engaged external technical experts to conduct an overall independent audit of BPC's own assessment of the total petroleum system and targeted drill prospects utilising the full range of BPC's exhaustive databaseWHY HAS THIS NOT BEEN DONE PREVIOUSLY ? WHY IS OT APPARENTLY NOW NEEDED? IS BPCs OWN ASSESSMENT WILDLY OPTIMISTIC HENCE LACK OF PROGRESS?o expanded ongoing dialogue with certain industry intermediaries, including specialist investment banksREAD AS WE CANT BE SURE OF SECURING A PARTNER AND ARE NOW DESPERATELY LOOKING FOR CASH TO GO IT ALONE Company has been proactively meeting with representatives of the new administration to ensure renewed appreciation for the Company's activities and the significant potential economic and social benefits the Company's project offers to The BahamasREAD AS PROSPECTIVE PARTNERS SUSPICIOUS OR AT LEAST CONCERNED AS TO FUTURE PROSPECTS OF INDUSTRY EVEN IF OIL FOUND, DUE TO LACK OF INTEREST OR SUPPORT EVEN POSSIBLE HOSTILITY (AS SHARED BY MANY LOCALS) FROM NEW GOB
bigsi2
20/9/2017
16:47
Maria a possibility - Certainly for the southern islands http://eleutheranews.com/?p=14014
pugugly
20/9/2017
15:56
Idiot.....we aint producing any oil....and never will.
11_percent
20/9/2017
15:18
Oil has broken $56. Should see it rise for the rest of the year. Fundamentals here will get more and more attractive. Can't ignore the oil price.
whoppy
19/9/2017
11:40
Oil price going up. WTI over $50 and Brent knocking on $56 a barrel.
whoppy
17/9/2017
16:30
Either an idiot or a mug "Active commercial negotiations"... absolutely meaningless !!An NDA is a commercial negotiation (as are many other trivial details) and BPC have been negotiating these for years with no conclusion."Boards remains confident that ULTIMATELY farm in concluded"Just because the board state they are confident doesn't bind them or make them accountable for failure to conclude."Potential" mmb asset... well you get the point by now right?read between the lines and never take AIM RNS (or any for that matter) at face value.- it's not a crime to word your press release in a misleading manner with no real substance.Or be willing to loose your capital... that's not a crime either lol... just stupid
bigsi2
16/9/2017
20:59
Brettmo 13 Sep '17 - 17:01 - 18007 of 18019    0   0 To me the immediate most important point is that the players now know there is developing competition but of far more significance to the share price is what the technical report will confirm is the potential quantity of oil. The public figures have always been cautious but with 3 D analysis now , those who have met the directors in London were informed that while nothing could be said officially or for sure, the quantity was expected to be greater. Telling the world now that there will be a report exudes confidence in a good conclusion otherwise why mention it now? ====== "immediate most important point is that the players now know" Who are these players, and what do they know. ----- "there is developing competition" A good ramp and pure conjecture. ------ "of far more significance to the share price is what the technical report will confirm is the potential quantity of oil." "Will confirm," is he using a crystal ball for this prediction. ------- "The public figures have always been cautious but with 3 D analysis now , those who have met the directors in London were informed that while nothing could be said officially or for sure, the quantity was expected to be greater." This is very dangerous talk. The directors said something to someone, at a meeting. This is dangerous. -------- "Telling the world now that there will be a report exudes confidence in a good conclusion otherwise why mention it now?" How does this factious "report" exude confidence, when it is likely a lie, what was said by an alleged director to someone. "otherwise why mention it now?"...like I say this is dangerous territory, some director said something to someone. ===== Total speculation....very dangerous post, with no substance. However, the post is very good propaganda....as it SUGGESTS a lot.
11_percent
16/9/2017
19:58
Read Btrettmo's post 18007 for the likely scenario.
whoppy
16/9/2017
19:40
whoppy is a bit of an idiot.
11_percent
16/9/2017
19:40
Just to confirm: -- BPC is confident of being able to conclude a farm-in: -- Oil market sentiment is improving, rig rates remain low and there is renewed interest in frontier exploration plays by OIL INDUSTRY MAJORS - BPC believes the bottom of the cycle is passed; -- Bahamas regulatory framework now fully enacted, and BPC's licences renewed and extended such that licence tenure, work obligation and the overarching regulatory regime are clear; -- Project fundamentals remain unchanged: potentially multi-billion-barrel prospects, attractive fiscal terms, and proximity to world's largest oil market with infrastructure and services; -- Commercial negotiations ongoing with several parties; given improved industry sentiment others have re-entered the process. -- Approximately 70% of funds raised with be expended to ensure the Company's licences are maintained in good order pending and through the farm-in process, for example, on licence fees and direct in-country costs. -- Director and executive fee deferral arrangements, as previously announced, will continue to apply pending conclusion of a farm-in or other financing sufficient for the drilling of an initial exploration well on the Southern Licences, such that only a relatively small percentage of the funds raised (less than 8%) will be applied to Director / executive compensation. -- Extraordinary General Meeting to be held on or about 14 July 2017 to approve Conditional Placing ("EGM"). Notice for the EGM will be sent to shareholders in the near future. Bill Schrader, Chairman of Bahamas Petroleum Company plc commented: "BPC has assets that are potentially world class in scale. Over the past eight years the Company has substantially delineated and de-risked its assets, both technically and commercially. The next step is drilling. In order to do this, BPC needs to source funding, and our strategy remains to do so from an industry partner, via a farm-in. BPC has made pleasing progress on this task, is in active commercial negotiations with a number of parties, and the Board and I remain confident that a farm-in will ultimately be concluded as evidenced by our expressed interest in participating in the placing once we are permitted to do so by the closed period trading rules. I would like to thank all our existing and new shareholders for their continued support."
whoppy
16/9/2017
18:04
Whoppy your talking rubbish- Nowhere does it say "majors" when refers to company's signing recent NDAs, and to say they are competing with each other is pure conjecture on your part-Based on the total lack of any progress, the downright misleading and changing tone of news and the markets impression (all time low sp) I would say your take on this is wildly optimistic.
bigsi2
16/9/2017
16:14
They have recently entered into NDA's with 2 major oil companies who have come to the table at the last minute. The other 4 major oil companies who they have been in advanced discussions with, signed NDA's a long time ago, and are past their due diligence stage and are moving to the late stage of non binding terms sheets for discussion. This is the scope of the farmout and money, drill programme etc, and percentages of licences etc. These late stage commercial discussions with the 4 advanced parties will be in competition with each other to do a deal aswell as knowing there are 2 new parties behind them. It may be the recently joined parties will fast track their due diligence, and won't want to miss out to the parties in front of them. The clue that we are getting down to numbers and money is the mention of an independent technical report. This report is likely to increase the prospective resources and increase the chance of drilling success and timed to strengthen the hand of BPC by giving them leverage in the final negotiations before signing a deal. It will also help the 2 late comers to fast track their due diligence and catch up with the others so they can make offers. From the RNS, their are 6 companies wanting to farmin.
whoppy
16/9/2017
06:38
Actually...What was said PRE PLACING was -"The Company is confident of being able to conclude a farm-out and has several parties presently engaged in late-stage commercial negotiations"By late stage commercial negotiations it seems to have meant singing NDAson technical data- so no progress & entirely misleading.They had also continually stated PRE PLACING the funds on hand at the time would be enough to see company through farmin process- again misleading.Also the "confidence" of concluding farmout has now changed back to "hope"Hardly progress& I would be very careful encouraging potential investors to buy into this- chances are this will drop significantly on any further delays just as easily as rise on finally securing funding
bigsi2
15/9/2017
16:03
I have noticed the oil price keeps going up. Just under $56 at the moment. It could go over $60. It's cheap to drill at the moment so with a rising oil price it would make sense to agree a farmout and sink the first well while it's cheap to do so. I note they are in advanced technical discussions with a number of parties, with non binding terms sheets for the next stage to be arranged. The late comer's had better hurry up.
whoppy
15/9/2017
15:05
In oil we trust. hTtp://www.tribune242.com/news/2017/sep/14/irma-exposes-dire-need-put-our-house-order/
whoppy
14/9/2017
15:39
Looks like the Bahamas have 12 months to change their economy or they will be downgraded to junk. I wonder if oil will save them? hTtp://www.tribune242.com/news/2017/sep/13/realities-so-grim-if-no-action-moodys/?news
whoppy
14/9/2017
07:42
I guess you could be right but that cannot be the way that a farm-in partner can think, otherwise there would never be new spuds. We need the deal to find out if you are correct after a deal has been struck based on best evidence. I hope the vidence will be very positive.
brettmo
13/9/2017
22:00
https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=BPC.L Stay short.
blueball
13/9/2017
18:19
Brettmo: No certainty that any hydrocarbons or seal intact - Unfortunately only the drill bit can tell you that - Look as the recent Irish duster - Water - water -and more water.
pugugly
13/9/2017
17:01
To me the immediate most important point is that the players now know there is developing competition but of far more significance to the share price is what the technical report will confirm is the potential quantity of oil. The public figures have always been cautious but with 3 D analysis now , those who have met the directors in London were informed that while nothing could be said officially or for sure, the quantity was expected to be greater. Telling the world now that there will be a report exudes confidence in a good conclusion otherwise why mention it now?
brettmo
Chat Pages: 1252  1251  1250  1249  1248  1247  1246  1245  1244  1243  1242  1241  Older
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