Bahamas Petroleum Share Discussion Threads

[martyn9] 22/8/2019 13:52

That's one impressive drilling ship!!!

[zen12] 22/8/2019 13:51

More details in that article, is this from AGM circular?

[zen12] 22/8/2019 13:40

MMs playing around here...matching buys and sells..

[zen12] 22/8/2019 12:49

Extract 'Shares in Bahamas Petroleum rose after the firm cut expected spend on an exploratory well off the coast of the Caribbean country.The AIM-listed tiddler thinks it will spend £21million to £25million drilling – down from a previous £49million to £66million estimate.Half of this could be funded by a loan from Bizzell Capital Partners.Bahamas has brought in some big players, including Halliburton and Baker Hughes, to help drilling. Shares rocketed 35.9 per cent, or 0.57p, to 2.17p.'

[whoppy] 22/8/2019 12:45

Bahamas are in the Daily Mail today.



Shares in Bahamas Petroleum rose after the firm cut expected spend on an exploratory well off the coast of the Caribbean country.

The AIM-listed tiddler thinks it will spend £21million to £25million drilling – down from a previous £49million to £66million estimate.

Half of this could be funded by a loan from Bizzell Capital Partners.

Bahamas has brought in some big players, including Halliburton and Baker Hughes, to help drilling. Shares rocketed 35.9 per cent, or 0.57p, to 2.17p.

[dubian99] 22/8/2019 12:40

Successful operation, in the discharge ward, yet being put in an induced coma,
amazing

[zen12] 22/8/2019 12:13

What institutional meetings?

[lithological heterogeneities] 22/8/2019 12:05

I think there will be a slight delay in the next leg up until BPC finish a few institutional investor meetings.

[dynamohum] 22/8/2019 11:57

Seems to me the likelihood of a farm out is less than a fundraising ,

Plenty of time to see how things pan out before then. . . . .

Patience not exuberance will reap the reward, and limit the risk . . .

I shall enjoy the foreplay . . .

[tidy 2] 22/8/2019 11:41

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.

[goodbloke1] 22/8/2019 11:38

You might find that with a placing and owning the lot, the share the share going higher

[todpodger] 22/8/2019 11:35

ALH will you be attending the 87p party.

[martyn9] 22/8/2019 11:29

I own blue chip shares as well as aim stock,so works for me.

[zen12] 22/8/2019 11:29

Good chat here, but now at 1/2 the drill price, this surely has to nudge over these multiple majors interested (for several years) to strike a deal...would not be surprised a little bit of they're already queuing up! This will suddenly and PIs on the fence will rue this unique opportunity...watch this space!

[al h] 22/8/2019 11:25

I had L2. It's worthless on shares like this and in general in fact unless you're a day trader. Or haven't you worked that out yet ?

2.15's are sells, 2.2's are buys. The spread is nonsense ... and set deliberately so by the MMs ... nothing new there.

[martyn9] 22/8/2019 11:17

AIH,pay and get yourself on level 2, buys are buys fella!!

[bigsi2] 22/8/2019 11:10

Problem is not everyone is inclined to hold in weight prior to 12/9It's either buy now and gamble on a successful farm out - less likely IMOor wait till post placing -

[al h] 22/8/2019 11:08

Buy / Sell ratio ? Many of the buys are actually sells. Forget trades data on shares like this it's usually meaningless due to the way the MMs set the spread.

[tidy 2] 22/8/2019 10:57

It will get there. And just when you dont expect it.

[ianf67] 22/8/2019 10:51

Thought the share would have risen on the back of buy to sell ratio

[laallee] 22/8/2019 10:51

walkermike-
no, yes.

[tidy 2] 22/8/2019 10:50

Hi. Read their latest presentation March this yearhTTps://www.bpcplc.com/wp-content/uploads/2019/03/BPC-March-2019-Presentation-for-website.small_.pdf

[walkermike1] 22/8/2019 10:44

I'm new here. Do BPC know if there's actually oil where they intend to drill, or is this a total exploration play and could end up being a duster. ?

[smoothtrader] 22/8/2019 10:14

I'm thinking on the same line Whoopy... I couldn't put it better. Cheers ?