Bahamas Petroleum Share Discussion Threads

[gismo] 22/2/2019 16:06

Rounded up with a few today too. Monday will be blue no doubt

[johny cash] 22/2/2019 16:05

Be nice to close that gap in the next few weeks.

[the3for2] 22/2/2019 15:58

agree Whoppy. That's how I read it too. Looks promising.

[whoppy] 22/2/2019 15:55

said it before, no mention of financing, just multiple parties. Sounds like a partner coming.

[stewart4980] 22/2/2019 15:53

I decided to add prior to close today as I think BPC could get some press coverage over the weekend and others the "herd" may pile in Monday, just my opinion, keep that degsy filtered.

[linton78] 22/2/2019 15:49

Stewart - nervous shareholders and doubting JV partners that means!

I think this is great news that clears the decks for a deal to finally be struck.

[stewart4980] 22/2/2019 15:45

Well that's my top up now I hold a nice round number, I liked the RNS especially this
bit, I wonder what parties means does it include potential partners !!

"The notification provides clarity and certainty to all parties as to the tenure of the licences."

[whoppy] 22/2/2019 15:34

Yep, and mm's reluctant to give anything on the offer..

[martyn9] 22/2/2019 15:30

Next week should be interesting after people have digested this news,could see a steady climb north.

[whoppy] 22/2/2019 15:17

Can we finish on a high?

[gismo] 22/2/2019 14:19

Rayrac you have mail

[rayrac] 22/2/2019 14:05

Commiserations Cinoib, very hard is life sometimes! Best of luck here.

[gismo] 22/2/2019 13:51

Up we go, nice to hit 30% before the bell. With the weekend press on this a good rise will appear on Monday

[gismo] 22/2/2019 13:49

So sorry to hear that Cinoib x

[cinoib] 22/2/2019 13:42

Ryrac, Is a lot worse if that was your partners funeral. I had to cremate my wife last October, she was only 54, that is real grief, but a 500% rise on this will assist me in getting over it. So lets all pray it happens.

[hraj] 22/2/2019 13:22

From what i gather of the RNS this morning.. it does look like the major didn't sign due to contention around the extension of licences and the delays. Now there is more clarity and the gov continue to support bpc.. it should bare well and mean that negotiations could be back on or atleast a fairer offer being put to table than what we might have had previously. i do hope this can see above 7p again.

[martyn9] 22/2/2019 12:24

Once we see the quick buck brigade leave we hopefully will get long term joining the party :)

[linton78] 22/2/2019 12:19

Thanks Whoppy.

It sounds like Malcy is viewing light at the end of the tunnel with BPC and its not an express train.

[linton78] 22/2/2019 12:13

Johny - kiss of death... !!

[whoppy] 22/2/2019 12:10

Bahamas Petroleum
BPC shares are up over 25% this morning as the markets notes their announcement that the 2nd exploration round of the four southern licences has been extended to 31/12/2020. As if the government were ever likely not to extend yet again. This time they have mandated an exploration well which is good and BPC ‘must in the coming months agree a work programme for 2019 and 2020’.

It will be interesting to see what BPC put in the work programme as they are still only looking for a farm-in partner after last year’s ‘unfortunate’ affair in which a big fish somehow got off the hook. Over the years the company has, at great cost to shareholders in terms of G&A expense, failed to come up with the necessary partner, funding, rig acquisition or drilling plans for what is a potentially massive opportunity but comes with equally daunting environmental liabilities. Maybe this time it will repay the interminable patience of its shareholders and deliver a partner for the project, it certainly needs to do something as the prize is huge…

[johny cash] 22/2/2019 12:00

You should not have said that Lint, ;)

[linton78] 22/2/2019 11:01

10 million traded by 11am... much more like it.

[gismo] 22/2/2019 10:25

So sorry to hear that Rayrac, yes it is an age thing and we have had our dose of it as well..

[fillipe] 22/2/2019 10:16

A good candidate for some weekend press mention?
Just the right share situation for a tip-sheet to suggest new buyers could be in at the ground floor.

f

[johny cash] 22/2/2019 10:04

If this breaks 1.7, I'm in.Also watching the cup and handle on trp.