Bahamas Petroleum Share Discussion Threads

[edgein] 20/5/2021 12:11

David,

Looks like its all ready to go for the weekend, they're bound to say that too I guess:



Regards,
Ed.

[davidzz] 20/5/2021 12:10

Well they are bound to say that

[edgein] 20/5/2021 12:08

Well that's an extra $10m or so in from the oo and placing, completed in full at 0.35p. Next news should be the spud of the Saff-2 appraisal/development well. 200-300bopd would be a material increase to the current 500bopd, but the 11mmbbls recoverable target from Saff would be a significant increase to the current 1.5mmbbls approx of current 2P. The potential start of the turnaround here.

Regards,
Ed.

[12bn] 20/5/2021 11:54

MMs seem happy to let PIs buy at 0.3397p but is that because they have a massive over-supply at say 0.33p?

[12bn] 20/5/2021 11:51

I wonder if BPC will actually drill any more wells in Trinidad,as it looks as if $3m a pop may be more than they can afford. :)

[12bn] 20/5/2021 11:48

I wonder if Saffron 2 will end up as good as the average well in Trinidad, with around 3-6 bopd? LOL

[deltalo] 20/5/2021 11:45

We can get on with the Saffron2 appraisal well on Sunday. Company is very pleased with the support. Eytan Uliel, Chief Executive Officer designate, commented:"We are extremely pleased with the successful closing of our fundraising, in which we received strong support from existing shareholders in the Open Offer, as well as from new investors in the Placing. With this fundraising behind us, we can continue the work of the corporate reset program we recently laid out, at the core of which is a clear focus on increasing production and cashflow from our onshore assets in Trinidad and Tobago and Suriname. The next milestone in this journey will be the imminent spud of the Saffron-2 appraisal well in Trinidad. The Saffron-2 well will be key to determining the producibility of the Saffron field, and will define the shape of the potential development of that field over the next 6-12 months. I look forward to updating shareholders of our continuing progress."

[bigsi2] 20/5/2021 11:35

Dropping as expected

[zxie] 20/5/2021 11:34

Very good more buy

[zxie] 20/5/2021 11:26

Bahamas Petroleum Company Plc - Successful Placing To Raise Additional Gross Proceeds Of £4.26 Million At A Price Of 0.35p Each

[zxie] 20/5/2021 11:23

Buy lots buy

[deltalo] 20/5/2021 11:19

Buys pouring in now, time is running out to buy at this price, it'll move soon.

[zxie] 20/5/2021 11:17

More loading today

[bigsi2] 20/5/2021 11:08

SP going nowhere with 3bn to churn -

[bigsi2] 20/5/2021 11:07

937,700,234 Ordinary Shares, pursuant to the agreed early conversion of GBP2.5 million currently outstanding Convertible Notes (including accrued interest) at a price of 0.35p ("Convertible Note Shares"), inclusive of Fee Shares payable to advisers (being 191,114,234 Ordinary Shares). It is expected that admission of these shares will take place and trading in them commence at 8:00am on 27 May 2021

[moor sir] 20/5/2021 11:04

Strong volume

[zxie] 20/5/2021 10:51

Monday will bring more surprises

[deltalo] 20/5/2021 10:46

Yeah, I said yesterday it should be all ready now to spud, I'm looking forward to it.

[moor sir] 20/5/2021 10:42

Nice one https://twitter.com/bpcplc/status/1395304781795762178?s=21

[deltalo] 20/5/2021 10:15

Time to buy, 12bs will be fishing all next week.

[bigsi2] 20/5/2021 09:42

I expect the book build will be oversubscribed-they know they can flog these off at 0.35 and make a profit with fees.I would expect the share price to drop short term-I'm looking for a buy at .33-.34 then wait for spud.Last trade for the time being

[zxie] 20/5/2021 09:30

Will be rise up next week all drill programme going forward

[zxie] 20/5/2021 09:29

Buy ignore numbers 12 he only a (NO.)