Bahamas Petroleum Share Discussion Threads

[linton78] 08/11/2020 11:06

Oil man Jim.... he will be ramping this next month... :-)

Bahamas Petroleum Company (BPC) announced an operational update in relation to its assets in Trinidad & Tobago and Suriname. This is all very much ancillary to their big drill hopefully coming up in the Bahamas soon and the question here is whether it actually is financed or are BPC going to have to first create the volume in the market for the convertible loan providers to sell into. An interesting one.

[eggchaser] 08/11/2020 08:30

What V8 have you got there lith?

[pro_s2009] 08/11/2020 05:36

Market cap value of companies in similar situations (big explo but not super flush with cash). Those with a * are fully cash funded for their upcoming drill/s.

BPC 113m
*ECO 34m
88E 33m
EME 20m
MATD 17m
*PRD 8m

[lithological heterogeneities] 08/11/2020 04:03

Biden has said he will immediately ban fracking in the USA which has made the USA an oil exporter for the first time in history.The result will be an immediate big cut in oil output and a RISE in oil prices .Oil still has 10 years atleast.We will all be retired very wealthy from BPC profits well before then and buy as many luxury electric supercars as we want (though I will NEVER give up my V8).

[tomford8] 08/11/2020 00:07

I predict oil will get clobbered, then the Saudi's and Russians will start jacking up prices, followed by another shale boom

Demand for oil plateaued in the US some time ago and recently has dropped, thus the oversupply. All of the car companies have committed to EV, so there's no upside in sight.

[lithological heterogeneities] 07/11/2020 19:36

Lint

Yes,it was a shock for them to find water at the bottom of the sea.

[linton78] 07/11/2020 09:24

Litho - too many Red Stripes yesterday... :-)

The oil to water RNS was a classic!

[lithological heterogeneities] 07/11/2020 08:56

LintI thought Des was renamed Evian ?

[steg] 06/11/2020 23:21

Same to you chap. If we are honest we are all here to try and make a few bob. I am always sceptical of the characters that want to fight hard against the sentiment. Lets hope we get a wee turn and I think we will...all the best for now

[linton78] 06/11/2020 22:22

It’s all about making money Steg. Good to hear from you.

I remember you from the Falkland drill days... Des, Fogl and Rock Hopper etc.

Seems like a life time ago, it certainly was for me. Stay lucky...

[steg] 06/11/2020 21:39

Penny a post, hardly worth the bother. I guess while on furlough it's a way to make up the gap lol

[steg] 06/11/2020 21:37

Is specialist the wee guy that worked in the ritz back in the Falkland hey day?

[linton78] 06/11/2020 21:18

Egg - onwards and upwards old chap! The fun is just beginning.

You will get a message to the pre-spud party, it won’t be in Bristol... :-)

[linton78] 06/11/2020 21:13

Looking good here chaps.

Onwards and upwards!

[eggchaser] 06/11/2020 19:46

Linters my mucker - what a way to finish the week OR more a case of what a way to begin a new week???So what do the tea leaves say???Breakout...Today 13:10We have broken out of the triangle pattern on the 1 year chart @ 2.7p .... hold onto your hats.