Bahamas Petroleum Share Discussion Threads

[whoppy] 26/8/2019 22:53

For future share price valuation in next 6-9 months the market will have to evaluate ownership of 100% of any oil discovered, aswell as retaining 100% ownership on all the 4 licences containing follow up prospects. Not to mention the already applied for licences pending award to BPC, which no other oil major will be able to apply for in a post oil discovery scenario. BPC will have huge assets if it comes good. Exciting times indeed.

[armatrading] 26/8/2019 22:34

8p seems very achievable to IMHO. We almost hit 8p last year.

[matunde24] 26/8/2019 22:32

I didn't say 80p myself... But ppl are ramping some seriously obsurd estimates...! This current rate... 6p...then after spud 10p

[computercoders] 26/8/2019 21:44

Yes ukog shows that a huge mcap can be hit on hype and speculation alone so 8p is by no means out of the question with BPC even before successful spud. Look at MATD 2p to 8p without successful spud

[computercoders] 26/8/2019 21:26

If BPC hits above 80p then I'll be filthly rich as I have millions of shares in it. But I think maybe 20p is more realistic but wtfdik

[matunde24] 26/8/2019 21:24

You honestly think bpc will hit above 80p!

[lithological heterogeneities] 26/8/2019 20:28

Computercoders,

UKOG reached 11p when they had 3.5 billion shares in issue so mkt cap was £385m.

At 12p the mkt cap would have been £420m.

[martyn9] 26/8/2019 19:22

Yes Richard but odds in bpc favour as all geo physics complete. IMHO.

[richard26] 26/8/2019 16:46

on successful spud...

[richard26] 26/8/2019 16:46

87p easy peasy...........

[computercoders] 26/8/2019 16:25

When ukog reached 12p intraday what was the mcap?

[shafaq] 26/8/2019 16:21

8p with more dilution of probable 1.8b shares?That's almost £250m mc?Surely not possible?

[computercoders] 26/8/2019 16:05

If there is dillution do you think 1.6p again or higher?

[computercoders] 26/8/2019 16:05

Richard but there's been dillution since that quite precise target lol ;)

[richard26] 26/8/2019 15:56

87p on successful spud...

[computercoders] 26/8/2019 15:41

The supermajor last year wouldn't have paid for exclusivity if they didn't like the data. The geology is sound imho. It was the deal that the major was bullying on and they couldn't agree on.

[computercoders] 26/8/2019 15:14

I'll just say 8p on speculation and 20p+ on successful spud. I've been in this too long lol. I personally prefer supermajor involvement and I'm one of the ones who doesn't believe that the major walked away - I believe they made a silly low ball offer and BPC advisors said send them packing. I know it's a contravesial view though.

[shafaq] 26/8/2019 14:59

What's your expected share price or mc for each ?Going alone?Farmout?Spud share price on both scenarios?

[joejoe81] 26/8/2019 14:53

If we get the Farm-In we all want with Super Major or Major oil Co. For a 2 drill deal I would be happy for 25% retained.That would be a blinder by the directors..and life changing for large private shareholders..also avoids the massive dilution if we are forced to go it alone with other financing. What percentage retained are others expecting on any Farm-out ?

[computercoders] 26/8/2019 11:52

Huge acreage here and my dream is finally coming true after 4 years I think. Derampers telling me I was stupid topping up at 1.7p, 1.5p, 1.4p, 1.3p who's stupid now? Telling me there will never be oil in the Bahamas. Sorry for the rant.

[computercoders] 25/8/2019 23:38

This was 8p on major exclusivity just over a year ago

[computercoders] 25/8/2019 23:38

Look what happened to MATD 2p to 8p in 6 months on anticipation

[whoppy] 25/8/2019 23:35

News sunk in yet?
Multi billion barrel drilling, 6-9 months away, with all the lead up :)

[computercoders] 25/8/2019 13:23

Hopefully pulls back so can I topup at 2p on tuesday but I really doubt it. Woud be llucky to get some more at 2.08 and 2.1 again like I did on friday