Bahamas Petroleum Share Discussion Threads

[whoppy] 21/8/2019 14:35

3p this afternoon would be nice.

[whoppy] 21/8/2019 14:30

I can imagine all the majors saying..yeah we want to drill a well but it's going to cost $100-120m and you want a free carry and we can only offer you 5-10% interest because the well is so expensive. BPC say thanks, but we can drill it for $25m..and still have 100%.

[brettmo] 21/8/2019 14:28

Time now for the Institutions to return from their approx 15% stake to the more usual 80% approx and we can all sit on our hands and make them pay up big time. Simon Potter was confident that the Institutions would be returning once the reality of drilling appeared.

[tidy 2] 21/8/2019 14:28

Where does it state that Shaun

[shanur90] 21/8/2019 14:23

Convertible price says 6p too now in the 2ps I seen this fly to 8p last time this is the time now. Holding this will have a good rally over few days

[whoppy] 21/8/2019 14:23

I can't believe oil companies are going to standby and watch as BPC drill a multi billion barrel prospect a stones throw away from the US coastline. Getting half the well cost funded means BPC have bagged themselves 50% in any negotiation. Majors never thought it possible working on their assumption a well was going to cost $60-80m. oops!

[zen12] 21/8/2019 14:14

MMs holding price probably filling order, so great top-up opportunity for anyone who wants to..

[tidy 2] 21/8/2019 14:06

Most impressive perspective. Game on here.

[shafaq] 21/8/2019 14:04

We were looking at over $150m drilling cost for 2 wells.Now $25m for each well.Brilliant news and will only get better.

[stewart4990] 21/8/2019 14:01

Matunde24,

Ref eme,"On the current schedule, the rig is expected to mobilise from Singapore to the first location in late September 2019."

[whoppy] 21/8/2019 14:00

Last time we had exclusivity announcement, it took a few days to sink in and for the share price to rise. It went up a bit and went down then steadily climbed and then went mad..Lol

[whoppy] 21/8/2019 13:58

Are the US going to be buying this afternoon?

[tidy 2] 21/8/2019 13:57

Time for the deep pockets to start looking at this seriously again now holders. Gla.

[whoppy] 21/8/2019 13:57

I bet some of the majors choked on their blueberry pancakes this morning at those drilling costs. Less than $50m for drilling two wells.

[westmoreland lad] 21/8/2019 13:54

Hi Mr H and Stewart. Excellent news here today. After all these years of tied up
money it's actually going to happen. A fund raise if one happens could be at a serious premium to todays share price .
Well done to all others that have stuck it out.

No not going to EME AGM.

[tidy 2] 21/8/2019 13:52

BPC has the largest target available on the AIM market right now 30bn barrels which has increased from 28bn bbls. Chances of this increasing again post drilling - likely id imagine. All for the current cap of 35m

[matunde24] 21/8/2019 13:48

Sorry EME i meant

[matunde24] 21/8/2019 13:48

Are egm also hoping drilling and result around mid October?

[stewart4990] 21/8/2019 13:42

Hi Westie,

Hope all ok, good news at last here, are you going to the EME AGM on 10 Sept

[mr hangman] 21/8/2019 13:41

Afternoon Westie

[matunde24] 21/8/2019 13:40

They mugging ppl... should have atleast been double by now. One of the best news by far and future prospects

[tidy 2] 21/8/2019 13:36

Bahamas Petroleum Initial Well To Cost Less Than Half Prior EstimateSource: Alliance Newss Petroleum Co PLC on Wednesday said it is on track to drill its initial exploration well in the first half of 2020 at a much lower estimated cost...

[westmoreland lad] 21/8/2019 13:36

Exactly Tidy. Amazed the share price is not much higher.

[tidy 2] 21/8/2019 13:24

The Framework Agreement stipulates that the parties must seek to enter into such definitive contract by 11 October 2019 (or such later date as the parties may agree). Having rigs already identified as per this Framework Agreement allows BPC, with Seadrill's input and support, to begin necessary time-sensitive preparatory work, and to complete permitting processes ahead of drilling.