ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

BPC Bahamas Petroleum Company Plc

0.325
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bahamas Petroleum Company Plc 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
  0.00 0.00% 0.325 0.32 0.34 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bahamas Petroleum Share Discussion Threads

Showing 58176 to 58196 of 65800 messages
Chat Pages: Latest  2332  2331  2330  2329  2328  2327  2326  2325  2324  2323  2322  2321  Older
DateSubjectAuthorDiscuss
19/1/2021
22:36
Jmann has said Bpc will come out like a fattened cow.
linton78
19/1/2021
22:12
I notice Potter has stepped up the PR campaign on the local media re sovereign wealth fund and insurance. Drilling must be at least 4000m meaning they must have a pretty strong idea so why bother with the PR?
jp2011
19/1/2021
20:16
lucky herbert...
winchester so4
19/1/2021
19:50
This is straight from the source... Jmann is the man.

Its significant.

linton78
19/1/2021
19:38
There is one other......Company RNS's!!!! Lol
eggchaser
19/1/2021
19:22
Evening Egg,

The only source to be trusted is Jmann - straight from the Bahamas via Mr Laallee.

God Bless them both.

Good luck to all shareholders... it wont be long now chaps.

linton78
19/1/2021
17:56
Prozac had a bee in his bonnet ever since Leo Koot turned PRD's derisory offer for IT down... since then he has had an hissy fit in anything BPC related... Prozac is invested in PRD... Funny that...
eggchaser
19/1/2021
17:39
I wouldn't write off the chance of a farmout assuming that commercial oil is found.. Each step forward is about the managing out the risk, where possible, which would make an investment more likely from a 3rd party when progress and value align with their risk rating.

I do agree though that if an investor were in this for the production of oil, then they are a long way away from that. Most of the sentiment here would make it seem that most (if not all) are here to the point of commercial oil with farmout and accept the associated risks in getting there.

One such risk could be further dilution if additional wells are required to prove up any find prior to a potential farmout (certainly possible). I would suggest though that as the risks are reduced or mitigated then the probability increases and the share price would be reflective accordingly. The bigger question is where do a potential farmin partners risk profile and the progress made by BPC actually cross ?

All the above assumes commercial oil is indicated.

I do hold, I am happy to hold and will continue to hold on commercial discovery.... up to a point where there is a decent offer for me to sell out.

If this drill falls flat on its face then I will take a lesson.

the3for2
19/1/2021
17:27
Pro_2009

I know you could not give a toss about BPC so what is your problem with the company cause it isn't anything to do with share trading is it? I cannot understand a poster with good knowledge of markets being absolutely hell-bent on posting what by all accounts looks like someone who has a massive chip on their shoulder and not just the company but all its assets too

Have read your posts on PANR and I agree is a good opportunity to invest in a drill which has a good upside if you do not mind the slightly abrasive Scott.

alistair4444
19/1/2021
17:25
Warning to all readers... BigSi2 or LittleBigMouthSi as he is known tells lies and manipulates information and bends it to his sick obsession with a company he is neither invested in or clearly likes.To highlight his desperation he now posts repeatedly on LSE - no doubt a failed trader that’s employed to bash the company.His lies are being forwarded to interested parties where it’s hoped he will be brought to task as some posters of this nature have in the past.
eggchaser
19/1/2021
17:25
Off shore Sao Tome is frontier drilling and is taking place this month (galp) so there is some interest by majors but I agree gas might be a better discovery than oil these days. I guess we will find out if the rising oil price lifts the majors out of their comfort zone.
luckyswimmer3
19/1/2021
17:08
It's a HUGE gamble BOD have made with existing shareholders value.Due to the previous dilution and current ongoing fundraising agreement's (plural) - In the event of PV1 failure the share price hit will be now be CATASTROPHIC !!any share conversion Lombard carried out at this point would obviously be drastically below the 2.3p level BOD have Guaranteed to them and subsequently BPC would then need to make a "reconciliation" in cash (using funds required for T&S) or by converting even more shares.
bigsi2
19/1/2021
16:59
Luckyswimmer3.

The big boys have all openly said they are now not that interested in high cost frontier exploration. They want low cost, low investment. Oil near to existing infrastructure, cheap to develop and low lifting costs.

They are all mostly actively looking to divest of high cost oil and move into gas and also renewables.

2021 is a different time now......even with the oil price rising the future is set in stone.........gas and renewables. Oil investment is still there but more focused on low cost.

You can see from Namibia where licenses are being given up that the frontier high cost exploration is no longer attractive.

A single well........in my opinion not going to attract any good value farm in offers if it strikes oil. Going to need a number of appraisal wells and flow testing and "prove" a really big oil area......then there may be real good value farm in interest. But to get to that stage will require a lot more funds for drilling, meaning most likely a lot more dilution.

pro_s2009
19/1/2021
16:51
Pro, admittedly rkh has had a rough time but pmo was struggling with a low oil price for a long while. Oil prices have now turned and may be back on the way up so that should increase the likelihood of majors looking for deals.
luckyswimmer3
19/1/2021
16:29
Warning to all readers... Pro or Prozac as he is known tells lies and manipulates information and bends it to his sick obsession with a company he is neither invested in or clearly likes.To highlight his desperation he now posts repeatedly on LSE - no doubt a failed trader that’s employed to bash the company.His lies are being forwarded to interested parties where it’s hoped he will be brought to task as some posters of this nature have in the past.
eggchaser
19/1/2021
16:28
Warning to all readers... Pro or Prozac as he is known tells lies and manipulates information and bends it to his sick obsession with a company he is neither invested in or clearly likes.To highlight his desperation he now posts repeatedly on LSE - no doubt a failed trader that’s employed to bash the company.His lies are being forwarded to interested parties where it’s hoped he will be brought to task as some posters of this nature have in the past.
eggchaser
19/1/2021
16:22
morningswimmer.....I dont think so.

If they had some oil I am sure nobody would be very interested, they would make BPC fund the next maybe 3 or 4 wells to prove and flow test.

At the same time of course they would offer peanuts to take 80% of the license or something like that.

This is the way the big boys work........you can have peanuts to give away a big lump of prospective - or you can pay to derisk it more and more and then we will pay a lot more for a smaller share...........

Which is of course why RKH share price is in the gutter now........and everyone knows how the system works much better now, than before.

pro_s2009
19/1/2021
16:18
Its also interesting nobody has highlighted the stark warning in the last RNS.

Clearly stated that there is a risk they may not be able to raise the funds required and that T&T work and Suriname might need to be curtailed or deferred.



..........In circumstances where neither the balance of the fixed-conversion price conditional convertible notes is available, nor the Call exercised, BPC would need to rely on seeking alternative funding if it was to be able to complete the full intended program of work for 2021 (most particularly in Trinidad and Tobago and Suriname). There can be no assurance that BPC would be successful in securing any such alternative funding, and if this were the case, the planned program of work in Trinidad and Tobago and Suriname might need to be curtailed or deferred. .........

pro_s2009
19/1/2021
16:18
That seems a little harsh Pro, yes, there is a risk of no oil but there have been discoveries in the region and the geology looks good. If BPC end up with 30m of oil saturated cores to show a major then I'm sure a farm out on favourable terms will occur and the price will soar, shareholders may have to show some patience first admittedly. If they find nothing then at least BPC now have producing assets which can be developed so an investor may even recover his/her initial investment after a while.

The oil price globally has recovered from its lows and this is the type of company which could benefit enormously if it continued to rise. Its risky but with potential.

morningswimmer
19/1/2021
15:53
If they have some success with their 65% chance of failure well, nobody will be interested until they drill it a lot more......and flow test it properly.

Big boys dont buy risk..........they pay more for proven, low to no risk assets.

If you think BPC can drill one well and then farm out..........perhaps not I would say. They would need to drill more holes, flow test and prove. One well will not prove a lot.

Ask yourself........how many wells did Rockhopper have to drill into Sea Lion with flow tests before finally they got a farm in partner ???????


You are living in cloud cuckoo land in my view if you think one well will see any farm out.........especially with the very anti-oil sentiment in the Bahamas........

Therefore, given the current situation, I would strongly say you are indeed very thick..........and the clever people are sat on the sidelines with no risk, and will trade any spikes on good news - before selling for a quick gain - before the share price falls way back again.

And of course, if its a duster........there is no risk not holding any BPC...... :)

pro_s2009
19/1/2021
15:48
Pro_S2009, you must be extremely thick if you haven't realised yet BPC have no intention whatsoever to operate this licence in the event of a commercial find.
BPC shareholder's reward will be created by its sell-off value, maybe a small percentage retained. Sell on, move on to Uruguay, monetise T&T assets and Suriname.

If you must stick around trying to crush sentiment it's your life you're wasting.
Pretty stupid.

carpadium
Chat Pages: Latest  2332  2331  2330  2329  2328  2327  2326  2325  2324  2323  2322  2321  Older

Your Recent History

Delayed Upgrade Clock