Bahamas Petroleum Share Discussion Threads

[eggchaser] 16/11/2020 19:58

Credit Alistair tuther thread here on ADVFN!!

Edit Linters beat me to it on the nutters thread!

Some info for all interested in the movements of Stena IceMax

Update 4 pm today - Stena Icemax due to leave Las Palmas shortly to complete Dynamic Positioning trials as alluded to by CoMan' on Lse board Sunday night. The DP trials will only last for a short time then finally as shown in the link below Stena Icemax drillship finally departs Las Palmas for the Bahamas on Thursday 26th November 7 am [...]


Las Palmas berthing port details today [...]

*All the info above is freely available for anyone who cares to look at the port authority of Las Palmas.

[thatsmart1] 16/11/2020 19:13

A couple of good buys going through to end the day 470k and 731,751.

[linton78] 16/11/2020 18:40

From Alistair on the other board...

Some info for all interested in the movements of Stena IceMax

Update 4 pm today - Stena Icemax due to leave Las Palmas shortly to complete Dynamic Positioning trials as alluded to by CoMan' on Lse board Sunday night. The DP trials will only last for a short time then finally as shown in the link below Stena Icemax drillship finally departs Las Palmas for the Bahamas on Thursday 26th November 7 am [...]


Las Palmas berthing port details today [...]

*All the info above is freely available for anyone who cares to look at the port authority of Las Palmas.

[alistair4444] 16/11/2020 18:21

Some info for all interested in the movements of Stena IceMax 

Update tonight - Stena Icemax due to leave Las Palmas shortly to complete Dynamic Positioning trials as alluded to by CoMan' on Lse board Sunday night. The DP trials will only last for a short time then finally as shown in the link below Stena Icemax drillship finally departs Las Palmas for the Bahamas on Thursday 26th November 7am - 


Las Palmas berthing port details today 

*All the info above is freely available for anyone who cares to look at the port authority of Las Palmas. 

[pro_s2009] 16/11/2020 17:26

Difficult to say......in the immediate future (Q4-20/Q1-21)

BPC is possible - it has a fanatical base, but the shares in issue is a lot now and needs funds. High risk

PANR - is possible - proven oil - but needs the farm out or fund to progress drilling in Q1. Medium risk

88E - unlikely but possible - they need to fund raise and farm out. Likely to fund raise twice, hence limiting any upside. High risk.


They are the only 3 with "massive" drills in the coming few months imo.

[thatsmart1] 16/11/2020 17:10

fortune cookie. You may have forgotten the ocean currents will add a knot or three to her speed, it's why Atlantic sailors seldom take the more northerly route where the current would be against them. Of course, the IceMax could chug along at 5 knots and save fuel!

[martyn9] 16/11/2020 17:07

Well we've finished blue but what an odd trading day!!Yes egg news this week would be good and propel us to the next level.

[johny cash] 16/11/2020 17:04

Where do you think the next big Aim move in oil will be?

[eggchaser] 16/11/2020 16:55

With the CPR due it's going to be quite a month for the company..

[pro_s2009] 16/11/2020 16:28

Yes, thats true. And I hope you make lots of money on BPC, people making money is good !!

Just for me, the gloss has gone now, so I can be a critical non-holding observer :)

[johny cash] 16/11/2020 16:26

He who dares, wins.

[pro_s2009] 16/11/2020 16:26

Yes... my last ride was just over 2p buy in and sold just over 3p......

A lot of shares have been issued.....even at 3p levels now the market cap is over 130 million GBP. Thats a very high valuation.......offshore, high cost oil is no longer attractive. Nobody wants to invest in high cost offshore wildcatting any more.

Too costly to develop. Look at RKH....decades and still no final go ahead to develop Sea Lion.

RKH is currently valued at 27 million GBP market cap.

They discovered oil.....proven 100%.


BPC is now at 134 million GBP market cap, with a 65% Chance of Failure.


Ask yourself.....why is RKH at 27m market cap after finding oil, but BPC is now 134m market cap and not found anything yet.

[johny cash] 16/11/2020 16:20

Ok Pro, so you have sold out? If not I'll have your share.

[pro_s2009] 16/11/2020 16:04

She might have been !!!

I cannot complain, BPC has made me loads of money over the years. Its always been a great play with the rumours and potential.

However, for me, the end game is not so attractive.

35% CoS........which is good, but still represents a 65% Chance of Failure.

Anti-drilling lobby are going to try to stop the drill right up to spud by any way or means they can.

They still need the money from the Loan Note deal, and one deadline just passed with no uptake. One assumes the pump in the price last week was to try to get going but its not worked. So still buckets of shares to be issued and sold into the market IF, and only IF, the conditions are met or waived. If not......no drill.


Its sad actually its coming to an end, would have been nice to have a few more years of rumours and big moves up, falls down, big moves up again.........was fun while it lasted.

[fortune cookie] 16/11/2020 15:57

Malaga to the Bahamas is 3832 NM the Ice max does about 7 knots so would take 23 days to get there. Should be leaving any day soon to make a 15th Dec spud,

[laallee] 16/11/2020 15:39

Linton, show some empathy mate, it's almost Christmas.


12p

[linton78] 16/11/2020 15:30

We have specialist and LSE has Irene Krapp... two idiots that need to be filtered and ignored.

[specialist protector] 16/11/2020 13:08

Well done - finally the idiots are learning - Seems the Messiah of knowledge has finally begun teaching you muppets about investing and markets - hahahahhaha
hahahahhaha

Losers are finally learning after a decade of losses! Idiots - take your time

[alasparavolar] 16/11/2020 13:06

Gosh. Is that what selling at 2.35 does for you? Maximises profits?

[specialist protector] 16/11/2020 13:02

Idiot - if it is BLUE I make more money than you will make in your dreams.

[martyn9] 16/11/2020 12:44

Yeah all looking good linton, just need another good rns on bpc to top it off.

[linton78] 16/11/2020 12:23

Oil up yet again... $44 a barrel on further vaccine news... the latest is 95% effective.