Bahamas Petroleum Share Discussion Threads

[carpadium] 09/11/2020 12:18

Covid vaccine: First vaccine offers 90% protection - looks like the markets, oil etc have reacted with a very positive climb :-)

[thatsmart1] 09/11/2020 11:49

Some are swindling themselves by talking themselves into holding i3e instead of buying and holding for the most exciting drill of the year.
Someone said, 'those who are constantly negative about a share are the very people who have lost a lot of money on it and are still in pain and hate to see others succeed where they failed'.

[thatsmart1] 09/11/2020 11:37

Thumbs up mr hangman.

[eggchaser] 09/11/2020 11:28

The bloke is as intelligent as a wet fart...

[mr hangman] 09/11/2020 11:19

It's good to see that idiot Pro back, spluttering his utter nonsense to his deluded followers, try to get the price down, before the rig arrives and the whole thing goes crazy

[whoppy] 09/11/2020 11:15

This is heading to 6p next 5 weeks. IceMax will be in Bahamas waters.

[whoppy] 09/11/2020 11:11

On the move!

[whoppy] 09/11/2020 11:07

The share sales are drying up. When they do, 5p will be here. It's all part of a managed rise centred around the spud in 5 weeks time. Announcement of rig leaving for Bahamas will be in the 4's and as it gets closer 5's, then arrival on site 6's. Drill down will be 10p on early shows and a hover of the share price Risk will be on and many will top slice for a free carry, but the general speculation will put the share price into the 12p range, imo.

[mr hangman] 09/11/2020 11:03

I have to correct Pro, Desire Pet got to over 600m market cap just before the spud of Liz, as usual he is talking utter rubbish

[pro_s2009] 09/11/2020 10:59

And yet Investec are happily selling shares as an MM for under 3p.

What they say (or should we say, what they are paid to write perhaps) does not equate to what they do.............

There will be a push on now to sell shares.........they will need to pre-sell (at above 2.5p) loads of those soon to be CLN shares coming on at 2.5p........so they are simply closing short positions when they convert and issue the shares at 2.5p.

Imo :)

[johny cash] 09/11/2020 10:56

Anyone thinking Exxon coming on board? Looks like they are heading off a cliff.

[whoppy] 09/11/2020 10:54

Investec have already given a current price target of 6p. This is in the short term. On any discovery Investec give a target of 39p - 84p. These are Investec figures, not fantasy. All depends on what size any discovery is.

[johny cash] 09/11/2020 10:52

Anyone here follow the energy etfs? XLE looks positive.

[pro_s2009] 09/11/2020 10:51

whoppy........you have to consider the 65% chance of finding water, or nothing.

You are fantasizing there and not being realistic.

DES was targeting more oil than BPC......in multiple fully funded drills........with cash left over.......

And for all their billions of barrels targets and cash and multiple paid for wells, they got at most to 300m market cap and that was way too high........just fluff.......

[whoppy] 09/11/2020 10:48

You have to factor in the possibility of 2B barrel discovery when looking at BPC's Mcap. At a mere $3 per barrel in the ground value, you have a potential $6B Mcap. So, if 30% COS for the drill, this would equate to a Mcap potential before the drill of approx $1.8B. However, we are officially targeting 700 million at Perseverance, so on that basis a 700 million barrel discovery gives $2.1B in the ground value at 30% COS is a Mcap of $640m, or £486m, which is 12.15p

[kwizza] 09/11/2020 10:40

Its not the only thing they are doing, drilling one well

[pro_s2009] 09/11/2020 10:28

People forget.......

DES (Desire) managed to get around 300m market cap......pre drill.

DES had lots of cash, funded for multiple wells, massive oil prospects.


BPC has not enough cash as yet, needs to use CLN's and so issue loads more shares, currently has a market cap of 118m.

If you add in the hundreds of millions of new shares coming on from the CLN's and double the share price to 6p....... then BPC will be valued the same as DES was.

However......DES was fully cash funded and multiple wells..........BPC is drilling a single well. Therefore in a sensible world there is no chance BPC will hit the same valuation as DES pre-drill.

If BPC gets to 4p during drilling, then it will have done well.

Anyone who thinks the market cap of BPC will get higher than DES got during drilling, is dreaming imo.........but you never know, some crazy people around.