Bahamas Petroleum Share Discussion Threads

[matunde24] 21/8/2019 13:19

Time frame 6months from now?

[tidy 2] 21/8/2019 13:18

March 2019 presentationhTTps://www.bpcplc.com/wp-content/uploads/2019/03/BPC-March-2019-Presentation-for-website.small_.pdf

[zen12] 21/8/2019 13:16

Exactly, time running out now for the multiple interested parties.

[stewart4990] 21/8/2019 13:08

I can see this moving up nicely this afternoon and continue up to funding agreement and then drilling, if drilling is successful I will be retired, already had quite a few of these and added earlier today.

I read someone mentioned that the funding from the 3 sub contractors could come in and get 16.67% each, that would be a good idea and all are big hitters, it would also make sense to them because their investment would be at cost price to the supplier.

[tidy 2] 21/8/2019 12:30

Nice at this level knowing nothing is priced in at all considering 30bn barrels and now over half price to get to work.

[zen12] 21/8/2019 12:24

Order filling going for last few hours?

[whoppy] 21/8/2019 11:57

It's already half funded. It will now bring investment in from somewhere, whether farmin partner or equity. Higher share price rises, means less dilution. Either way, it's game on!

[gunsofmarscapone] 21/8/2019 11:52

Surely the best tactic is to wait until the well is funded then have a punt? Oh well each to their own.

[goodbloke1] 21/8/2019 11:52

I was thinking you would say that lol!

[tidy 2] 21/8/2019 11:51

Cap only 35m quid. We have 30bn barrel target.

[linton78] 21/8/2019 11:51

Johny - just what i was thinking earlier...

[martyn9] 21/8/2019 11:50

The bod have managed to keep this under the radar brilliantly, i wonder what else is to land before the agm??

[zen12] 21/8/2019 11:50

Lol - it'll be way north than that fella.

[johny cash] 21/8/2019 11:50

Alan Burns would be a happy man.

[tidy 2] 21/8/2019 11:49

4p next stop Zak Mir hTTps://twitter.com/share_talk/status/1164123883181682688?s=21

[goodbloke1] 21/8/2019 11:48

3p on farm out?

[zen12] 21/8/2019 11:47

Don't have to imagine, it's as real possibility as it gets! At what now half the drill cost..lol

[gary38] 21/8/2019 11:46

Great to see some progress here.

[goodbloke1] 21/8/2019 11:46

Where do people see this going on farm out

[linton78] 21/8/2019 11:45

Imagine the share price if a 50/50 farm out is achieved with a major coming on board for two wells??

[whoppy] 21/8/2019 11:26

Technical advances in drilling. Old drilling meant rate of progress was slow through the carbonate rock.. New drilling has probably halved the number of days for drilling, hence less time needed for a rig, coupled with lower day rates of $120k rather than $500k and the rig and equipment coming from GoM which is just around the corner, so less mobilistaion costs.

[whoppy] 21/8/2019 11:24

Imagine if Seadrill, Baker Hughes and Halliburton split the other half of the drill costs. It would be $10m each for 16.67% interest each. That's nothing.

[telbap] 21/8/2019 11:23

You have to ask .....how did they get the initial cost so wrong?

[stevehuges] 21/8/2019 11:23

Big p Keenan on board now

[zen12] 21/8/2019 11:14

Agree, this has to be the deal maker. They should be snapping their hands off now...expect all the interested 'multiple parties' to now be wanting in!