Bahamas Petroleum Share Discussion Threads

[zen12] 21/8/2019 16:17

MMs Orchestrating want to panic sellers before close..!

[tidy 2] 21/8/2019 16:16

Steady rise from today will do. Prospect is world class massive.

[matunde24] 21/8/2019 16:05

Still resisting... Should have easily closed at 2.5

[tidy 2] 21/8/2019 15:43

400k and 500k orders filled and up she goes.

[tidy 2] 21/8/2019 15:38

Premium paid for 400k. Mms milking this shake

[linton78] 21/8/2019 15:34

Martyn - It could be an express train? :-)

[whoppy] 21/8/2019 15:34

I wish BPC would do an interview.

[martyn9] 21/8/2019 15:27

Yep one step at a time,at least i can see a flicker of light at the end of a bloody long tunnel. :))

[linton78] 21/8/2019 15:24

Still lots of hard work to be done by BPC but certainly heading in the right direction.

[whoppy] 21/8/2019 15:24

Plenty more news and booms to come.

[martyn9] 21/8/2019 15:21

A gradual rise every day would suit me,the day traders who will be playing this can suit themselves!!

[stewart4990] 21/8/2019 15:13

They will shake this for weeks until news on farm out or funded, 2p cheap as chips
IMHO

[whoppy] 21/8/2019 14:58

Potter may have been playing the majors to the point where they've shot themselves in the foot as he's been organising all of this in the background for months and months. Today's detailed news didn't just get made up this morning. The majors need to prove they are serious now, or come back after we've drilled and BPC hopefully have a billion barrel discovery. It will cost them though..Lol

[linton78] 21/8/2019 14:54

Some chunky buys going in now - the yanks have woken up :-)

[welshwiz] 21/8/2019 14:52

This is truly BIG NEWS

[whoppy] 21/8/2019 14:50

Several key new professionals..wonder who they are? Seconded in from a major to validate the well planning?

[whoppy] 21/8/2019 14:49

As the Company moves forward toward drilling, it is essential that a suitably qualified, experienced and capable team is in place. BPC has thus commenced bolstering its professional team to ensure detailed well planning, project management, logistics and drilling engineering can be carried out in a timeframe consistent with delivery of the rig. Several key new professionals have been appointed and have commenced work preparing for an active drilling campaign.

[whoppy] 21/8/2019 14:43

More proposals lined up! Might be bigger and better.

[whoppy] 21/8/2019 14:43

The Company has also received proposals for, and is presently considering, several other financing alternatives. At the Annual General Meeting shareholders will be asked to approve a temporary expansion of the Company's general share issuance authority, such that the Company will immediately be in a position to take advantage of financing alternatives that may become available, should that be appropriate and in the Company's best interests.

[whoppy] 21/8/2019 14:42

It remains the Company's preference to secure a farm-in, and thus BPC has sought to keep upfront fees and costs relating to the Conditional Convertible Loan as low as possible, whilst preserving the right to opt-out of the Conditional Convertible Loan at minimal cost to the Company prior to contract, should the Directors consider it be in the Company's interest to do so. However, in the view of the Board the Conditional Convertible Loan creates a benchmark against which any farm-in or other financing proposals can be considered, as well as underpinning the financing of the initial exploration well.

[whoppy] 21/8/2019 14:39

Once advanced, the Conditional Convertible Loan would be for a term of 3 years, with a coupon of 12% per annum, convertible at a price of either 6p per share or a 25% premium to any hypothetical future equity issuance, whichever is lower.

[bigsi2] 21/8/2019 14:37

Basically no institutional investment at present - the % holdings you refer to are holdings on trading platforms.https://www.bpcplc.com/investors/major-shareholders/However-Once firm approvals, costings, timescales, and funding are in place then certain institutions would almost certainly take positions.