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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bahamas Petroleum Company Plc | 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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.325 | 0.32 | 0.34 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
22/2/2019 08:11 | Excellent news. no more hurdles | bigsi2 | |
22/2/2019 07:55 | exactly. i think the same Farm-out will be back on very soon now as it would have been alot of money to invest without certain government guarantees in place. perhaps they told BPC we will only sign the dotted line if you get these goverrnment problems resilved first...and now they have. this new government certainty looks set to open the doors to multiple farm-out partners as mentioned in RNS. very,very confident now. its now a matter of when,not if. | lithological heterogeneities | |
22/2/2019 07:53 | Morning great news! Told you I had a feeling. Woman's intuition :-)) | gismo | |
22/2/2019 07:50 | My take also Litho. Probably the reason the major walked last year. | linton78 | |
22/2/2019 07:47 | Perhaps my biggest take from that is the comment: "provides the Company with a certainty of tenure over the Company's licences, replacing any perceived "above ground" issues with complete clarity in fact and law. This position has been arrived at following extensive government consultation and whilst this has taken the Company a while to establish, there is now a very clear two-year window to advance plans for and to drill an exploratory well providing certainty to potential partners as we move forward in our farm-out discussions." I suspect this previous uncertainty may have been the main reason the previous Farm-out discussions failed at the last hurdle but now this uncertainty has been completely resolved i would not be at all surprised to see them return to the table very soon,especially with "multiple" competitors circling for up to 28 billion barrels off the coast of the largest economy in the World. | lithological heterogeneities | |
22/2/2019 07:44 | It’s a relief - I was getting worried let alone oil majors splashing out millions! Finally all the conditions are back in place for a JV. No guarantees still but it’s looking alot better. | linton78 | |
22/2/2019 07:42 | Yes this news will bolster the company up and give reassurance to possible JV outfits. | martyn9 | |
22/2/2019 07:41 | SUMMARY: * Farm-out discussions continue with MULTIPLE third parties. * Today's news will add CONSIDERABLE impetus to this process. * Can "EXTEND the licences into a third exploration period". All uncertainties removed, multiple farm-out discussions,can extend to a third term. Blue day,weeks,months,yea | lithological heterogeneities | |
22/2/2019 07:38 | EXCELLENT NEWS! Particularly like: "At the same time, along with its advisers, the Company continues the process to secure a farm-in partner for the initial exploration well - discussions are continuing with multiple third parties." "there is now a very clear two-year window to advance plans for and to drill an exploratory well" "Today's news will add considerable impetus to this process." Ecen if they do not drill this year its no problem as they say they can " extend the licences into a third exploration period". MASSIVELY REASSSURING ! | lithological heterogeneities | |
22/2/2019 07:37 | Hope so Linton. Getting a clearer picture now. | whoppy | |
22/2/2019 07:34 | Blue day ahead... :-) | linton78 | |
22/2/2019 07:29 | I note they've dropped the talk of other asset backed financing...Hopefull | whoppy | |
22/2/2019 07:25 | Clearly discussions have made the license requirement a top priority for the new partners,expect news within weeks rather than months , it's of the grid , now for the booom. | jotoha2 | |
22/2/2019 07:21 | Haha, but the uncertainty has gone about whether even the licences were going to be renewed in June. This just shows how much support the Bahamas Government have for BPC and oil drilling. It also shows they are not screwing the company and the multiple farmin partners can have confidence in the technical status of BPC and the licences. They also talk about the EA and the further work they will be doing to drill the well and how this will be done, so it's all happening. I used to work for B&V. They are a top engineering company. If they're involved, then it gives a realism to whats being planned. To get to that drill time of Dec 2020 then you need to plan at least 12-14 months in advance, so you can see a farmout will need to come a lot sooner. | whoppy | |
22/2/2019 07:13 | I doubt it will be soon.The news is good, but we've had yearly extensions, however this time it's 1y8m extension, so dont expect any sudden progress.They're struggling to get a farm in partner, and require extra time to sort the huge finance needed to drill alone.Bottom line, it's further delays, we are not going to be drilling this year at all. | apfindley | |
22/2/2019 07:11 | A lot of doubt goneJust wait now for terms of farm in | farnham | |
22/2/2019 07:08 | I smell a farm in coming very soon... The grey area is now cleared. Game on! | linton78 | |
22/2/2019 07:07 | That's very good news. Nice to see multiple parties in the mix. Any doubts they may have had about the licence ending have been put to bed, which also means any big oiler can't just pinch the licences. Not that that was really ever going to happen. | whoppy | |
22/2/2019 07:06 | Licence extension Farm in partners discussion with multiple companies Works program for next 2 years obligation | farnham | |
20/2/2019 14:39 | Lets hope so Linton | gismo | |
20/2/2019 13:25 | Fingers crossed that someone takes the plunge and drills this prospect! The size dwarfs the biggest target this year in the Gulf of Mexico as Whoppy points out. | linton78 | |
20/2/2019 13:01 | You can huff and puff , copy and paste, shoot us a line ,and show graphs that are fine. . . . . . But you can't do better than a glass of fine wine . . . . . . Writing poetry is also less stressful ✊ | dynamohum | |
20/2/2019 12:59 | The point is offshore drilling for large structures is back in vogue and money is being spent and risk is back on. BPC's prospects are bigger than all of the offshore wells currently planned in 2019. Drilling costs are low and break evens are low, therefore risks are lower. Add into this that new oil needs to be found and this needs to be in bigger field sizes, then offshore is the place to explore and drill. | whoppy | |
20/2/2019 12:58 | Thanks for that whoppy, very interesting. | gismo | |
20/2/2019 12:46 | Irrelevant ✌️ No mention of where your interest is geographically , good effort though ✊ Key Offshore Areas To illustrate, the UK’s North Sea saw nearly 15 final investment decisions last year, or more than the previous three years put together. South America also holds promising offshore oil. Brazil’s new Bolsonaro administration wants to open up more pre-salt assets off the southeast coast beyond state-owned Petróleo Brasileiro S.A. (Petrobras) to private investors, hoping to bring in over $30 billion to narrow a huge budget deficit. Exxon Mobil Corp. and Hess Corp. having been announcing huge upgrades to reserve possibilities for an oil basin in Guyana dubbed Stabroek. Both the United States and Mexican sides of the Gulf of Mexico have tremendous oil potential. Just a few weeks ago, BP plc credited advancing seismic technology for speeding up its ability to confirm major discoveries at its Thunder Horse field in the Gulf. And a logjam of activity in onshore shale could push U.S. players into the offshore. Mexico’s untapped deepwater reserves could stand at over 60 billion barrels, but the new Lopez Obrador’s administration must fully embrace the foreign investment that the 2013 Energy Reforms enabled. Africa, Nigeria, Ghana, and Angola are pushing landmark offshore bidding rounds this year. And offshore development in the Middle East, China, and India is also expected to grow, likely helped along by huge gas deposits that should equate to more oil supply. | dynamohum |
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