Share Name Share Symbol Market Type Share ISIN Share Description
Bahamas Petrol LSE:BPC London Ordinary Share IM00B3NTV894 ORD 0.002P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.05p -4.76% 1.00p 1.00p 1.10p 1.05p 0.975p 1.05p 4,786,488 16:35:19
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -3.1 -0.3 - 13.40

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Date Time Title Posts
18/8/201712:20BPC Ltd17,971
02/8/201721:42NEW BPC (abuse free)8,266
08/4/201707:08L2 - Observations, comments and screenshots49
21/3/201608:00Bahamas Petroleum Company PLC2,714
16/12/201410:55Potters time is nearly up1,789

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Bahamas Daily Update: Bahamas Petrol is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BPC. The last closing price for Bahamas was 1.05p.
Bahamas Petrol has a 4 week average price of 0.98p and a 12 week average price of 0.98p.
The 1 year high share price is 2.34p while the 1 year low share price is currently 0.98p.
There are currently 1,340,479,096 shares in issue and the average daily traded volume is 2,121,397 shares. The market capitalisation of Bahamas Petrol is £13,404,790.96.
whoppy: It can't have been that long ago it changed to quote driven. I bought some a couple of months ago and last month, by leaving an order which got filled at 1.025p and 1.035p. But now I have to buy at best. Picked up a few more today at 1.048p. All buys are showing as sells for the past few days, around 1.048p. Seems like management are nearing the end of a financing agreement and farmout, judging by the last RNS. Share price is just waiting for the announcement. I think discussing backcosts and % of farmout is the last piece of the jigsaw. Be well pleased with 60/40 in favour of the JV partner. AGM next Weds 23rd.
phoebusav: Tevita, you are spot on and as I pointed out the other day on the UOG board UOG is very expensive based on their drill program. 'Getting in at this share price you are paying the following per barrel for the upcoming drills - [Podere Maiar] paying 1121p/BOE for 0.57 MMBOE net, [Waddock Cross] paying 1995p/BOE for 0.32 MMBOE net, [Broadmayne] paying 1678p/BOE for 0.38 MMBOE net. Even combined the company already costs 503p/BOE for the total of 1.27 MMBOE net. These are eye-bleeding levels. Even if you net off £3M cash the overall figure is still 267p/BOE, which is still massive.' I don't see anything remotely of value in the current UOG share price BPC would have to rally more than x50 to get to the same sort of valuation per BOE assuming 30% recovery factor and 80% farm down. LOL
cpap man: If you ever look at small cap oil & gas companies maybe take a close look at recently [Monday] fully listed [standard] United Oil & Gas [UOG] UOG are headed up by 2 ex Tullow Oil [TLW] boys Brian Larkin and Dr. Jonathan Leather MKT CAP is £6M with over half of that being in cash....UOG have 2 drills planned in the next 4 to 6 months with the 1st drill in October Obviously with their TLW connections the boys have some massive plans to take the UOG share price from pennies to £ pounds £
stewart4100: I have been here for about 2 years now got them probably at an average of 1.8p so no where near the losses of many, I bought on the basis that oil had fallen and BPC price had gone from 20p plus to at the time under 2p, actually added when the directors took a 90% wage cut in lieu of obtaining shares later presumably when a partner found and drilling started. Have watched the price go no where really, perhaps down to 1.30p on the bid with a huge spread for investors, traders can make a bit perhaps. Anyway my comments are this companies communication is poor, why has Mr Potter not updated investors and the market what is going on, even if they were waiting for the outcome of the election which has now happened why not advise us and now after the election tell us what the hell is going on. Regarding the comments above on Statoil its before my time so are we saying they were in the frame but got out but may now jump back in, if that's the case good, the price of oil may have fallen but now so has the cost of drilling its the margin that matters so if they have their act together matters should be better for them to drill. Either way get us bloody updated, it is endless.
cyan: And only buy what you have researched yourselves and not on the advise of any well known pumper and dumper. Why did BPC share price shoot up recently? Could it be because the same SER lemmings bought; those who believed BMD's ramping . Following BMD and his sidekick CHRISOIL got SER holders where they are today. I suppose some made money out of the BPC spike!
lithological heterogeneities: ride the wave 127 Jan '17 - 13:49 - 8099 of 8099 "Also the price of oil has gone up since then ,so it becomes even more attractive to a major oil company for a farm in" ------------------------------------------------------------------------------ 02 April, 2012 "The Group intends to raise funding through the placing of ordinary shares and farm-outs of its licences." BPC share price:11p. Cash: $35m. Price of Oil:$103. ------------------------------------------------------------------------------ 27 Jan 2017 BPC share price:1.8p. Cash:less than $1.5m. Price of Oil:$53. So almost 4 years of farm-out intentions with $35m in the Bank and a POO of $103 in April 2012. Now less than $1.5m in Bank with POO of $53 in Jan 2017. A reduction from a POO of $103 to $53 is NOT an increase in oil price and BPC had $35m in cash to negotiate from a position of strength back then. This is why so many investors lost faith.
robertjbeck: In seeking to make an objective appraisal of BPC’s current share price I thought it would be interesting to compare it with one of the other pure oil exploration plays that is generating interest at present – MATD (all imho) I was an investor in MATD during the period 2009 – 2012. As I recall they drilled about eight or nine wells (DT 1-7 & 9) in block XX and apart from encountering some evidence of hydrocarbons in a number did not confirm any commercial discovery. They did flow test a couple of wells with DT 1 flowing at 1 barrel of fluid per day. They provided frequent operational updates with glowing assessments of potential recoverable resources but did not bring a single well into production. They have shot a load more seismic since then but if the results suggest a significant prospect then why were they unable to retain Shell as a farm in partner. To be fair they have a huge unexplored area which may yield better results that their last attempt but it will take an equally huge number of $ to undertake and no assurance the outcome will be any better than their initial campaign. They are planning to drill 2 wells in 2017. If they did not hit the jackpot with the nine well drilled previously than the odds of succeeding with 2 wells is likely lower. The current market cap of MATD is £61.8 mil. BPC do not have an enviable record either but is has been government bureaucracy in the Bahamas in getting the oil legislation in place that foiled BPC rather than the drill bit. As already confirmed by RTW, Independent analysis by Wood Mackenzie shows that the anticipated well ranks in the top 10 "Drilling and Future Wells by Prospect Size". All they need is to secure a farm-in partner to get motoring. The judgement call therefore is whether you believe this top 10 prospect will secure a partner. I think it’s a better bet than MATD where the farm-in partner already bailed. The current market cap of BPC is £22.0 mil. Now don’t get me wrong I wish the guys at MATD the very best and hope they make a major strike but I think BPC is at least comparable in the Risk / Reward analysis. If so then allowing for the $15 mil cash MATD will have received from Shell, this suggests that the current BPC share should price be over 2 times higher than present.
lithological heterogeneities: BPC Date.....................................30.09.16 Share Price..............................1.3p (1.26/1.35) Shares in Issue..........................1.23 billion Mkt Cap..................................£16m Cash at 30.06.16.........................$2.5m(£1.9m) Cash at 31.12.16 (projected by BPC*).....$1.5m(£1.2m) Cash runs out date (projected by BPC*)...H2 2017 Obligation to drill date.................April 2017 PARTNER DISCUSSIONS (From 27 Sep 2016 RNS*): • "meaningful discussions with a number of suitably qualified potential partners are ongoing" • "we have continued to attract the attention of both major and independent operators" • "the pace of progress has been less that we would desire" • "Overall, efforts to secure the finance required for the Company's initial exploration well via a farm-out or partnership continue to progress encouragingly, but at a slower pace than desired" • "additional work has been undertaken to further de-risk various technical aspects of the prospects. This has largely been targeted work in response to multiple assessments by various external parties in the course of ongoing discussions, each of whom bring their own particular area of enquiry and focus to the technical evaluation process and commercial discussions." • "we remain confident that we will conclude a partnership agreement within the required timeframes" * ---------------------------------------------------------------------------------------------------------------------------- * Interim results for the six months to 30 June 2016 "As at 30 June 2016 the Company had a total cash balance of approx. $2.5m. Given that cash outflows over the remainder of the 2016 calendar year will be substantially lower than during the first half of 2016 (as noted largely due to the various cash savings initiatives implemented to date as well as a reduced opening creditor position), the Company projects a total cash balance of approximately $1.5m as at 31 December 2016. The reduced corporate cash "burn" rate and our ongoing determination to avoid all non-core cash expenditure in the coming period is such that the Board is satisfied that these remaining funds are sufficient to see the Company into the second half of 2017, without further capital intake, thus providing sufficient time to complete the ongoing process of securing a partner and the funding of future well operations."
poppet123: IMHO these low OPEC prices are all politics, the West against Russia, to show the Russians they can not just march into Ukraine, the pressure of low oil prices is hurting Russia, and the West has a huge oil reserve. I am on hols. In the sun, where oil prices are cheaper than UK. Regarding BPC share prices they are only interesting when oil prices are high, and oil stocks short again in my personal opinion, further fracking in USA is now in full swing. I will follow the story, with hope you all are sucessful. Finally good to see Hulltiger still around. The Poppet
eburne1960: Well, if shares thinks BPC share price could halve, it's just as well he sold out. Oh, hang on.....
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