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 Shares Traded Last Trade
  0.00 0.0% 2.45 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
2.30 2.60 0.00 0.00 0.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers -3.49 -0.20 57
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 2.45 GBX

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Date Time Title Posts
13/7/202018:58BPC Ltd41,546
13/7/202015:35Bahamas Petroleum - High impact drilling in 20202,190
03/7/202012:07BPC (moderated)9
11/6/202016:59Potters time is nearly up1,795
22/5/202016:53BPC - Funding in place157

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Bahamas Petroleum Daily Update: Bahamas Petroleum Company Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker BPC. The last closing price for Bahamas Petroleum was 2.45p.
Bahamas Petroleum Company Plc has a 4 week average price of 2.38p and a 12 week average price of 1.10p.
The 1 year high share price is 5.70p while the 1 year low share price is currently 1.10p.
There are currently 2,327,572,616 shares in issue and the average daily traded volume is 6,622,221 shares. The market capitalisation of Bahamas Petroleum Company Plc is £57,025,529.09.
globalspecialist: IDIOTS IN THE DARK. ARE YOU ENJOYING THE COLLAPSING BPC SHARE PRICE LIKE THE MESSIAH AND OTHER SHORTS. HAHAHAHA WE ARE JUST STARTING. AFTER DILUTION THE STOCK WILL BE SUB 1p. I so enjoy taking idiots money and see them go bankrupt. You muppets know nothing. HAHAHAHA 👍👏👏👏 8079;👏ϰ4;️❤️😍€525;😍㈁7;🐰
thatsmart1: Some interesting posts over at LSE, ADVFN on the other hand looks like a clowns tea party as their bb's are so often hijacked by loonies. Here's a sample: -------------------------------- Starchild's eureka moment 12/6/20 11pmToday 09:39 Please copy and paste this post somewhere for posterity. I had an eureka moment yesterday evening which I slept on overnight before posting. It involved reviewing recent RNSs, analysing human reaction and joining the dots to paint a prediction picture based on possibilities vs probabilities. Q1: It is a safe assumption to assume the CERP BoD were neither desperate nor suffering from mental issues. So why did the CERP BoD unanimously vote to merge with BPC considering most of them will be out of a job? A1: It is because they know of material events behind the scenes which will substantially increase shareholder value and the share price in the merged entity. Q2: Why did the CERP BoD unanimously agree to a BPC share price valuation of 3.33p considering the share price has fluctuated so much since January 2020? A2: as above and also because there is a high probability more positive RNS news-flow is on its way BEFORE the merger vote on 24/7 and 27/7. Assumptions: 1. When the proposed merger announcement was made Thursday it caused a mini panic and confusion until Friday lunchtime. If lynching was legal, some BPC + CERP shareholders may have exercised that option against key members of both BoDs. When the share price recovered Friday and these disgruntled shareholders began to understand the overall strategy as being very symbiotic, many calmed down. 2. I believe positive RNS news-flow will emerge between now and the July vote to ensure 75% acceptance. And if this news-flow results in a BPC share-price of higher than 3.33p, it will give even more reason for CERP shareholders to accept. 3. The above will also entice BPC shareholders to accept, as the share price from now until vote assumes the merger will be agreed. Contrarywise, if the share price is [much] higher by end of July, and the vote is rejected by BPC, it is likely to fall. So what's going on behind the scenes? The answer is to look at dates and to paint a picture of probabilities. 1. Stena were given 'various' options (RNS 26/5) for funding including a farm-in in lieu of services. And others that have not been disclosed. At the time based on the $10m for 10%, it valued the company at 3.2p DISCOUNTED. This was despite the share price on 26/5 closing at 1.58p. 2. At any-time from 1 September, Stena can join the party. And I suspect they already knew about the merger plans, Uruguay and other stuff not yet in the public domain. 3. Why 1 September? Because as long as the merger happens in August, I believe Stena have already agreed in principle to do a farm-in JV for a number of wells not just Pers-1. The Stena sphere group are cash rich. While their drilling ships are under-utilized due to Covid-19, they have nothing to lose and everything to gain if only 1 spud is hot. 4. As part of point 3, there is even the possibility Stena will JV with BPC to go on a M+ A shopping spree of companies similar to CERP affected by Covid-19 and PoO.
armatrading: CERP and BPC share prices 'pegged' like a Forex currency!
bigsi2: Agreement.BPC has entered into a Replacement Funding Agreement with Trafalgar Capital Management (HK) Limited ("Trafalgar"), whereby, contemporaneously with the Scheme becoming Effective, Trafalgar will subscribe for approximately US$2.7 million (GBP2.1 million) of BPC Shares. BPC will apply those funds to repaying all amounts owing to Lind, in full settlement of the Convertible Loan Agreement. The number of BPC Shares to be issued to Trafalgar will be derived by reference to a formula that, as with the terms of the Convertible Loan Agreement, depends on the price of BPC Shares in the period prior to the date of the Scheme becoming Effective (being 90 per cent. of the average of any five daily volume weighted average prices per BPC Share as selected by Trafalgar in its sole discretion during the 20 trading days immediately prior to the Effective Date). Based on the current share price of BPC, this would, on an indicative basis, equate to approximately 80 million BPC Shares. BPC has also agreed with Trafalgar that at the same time the BPC Shares that will be issued in exchange for the Collateral Shares pursuant to the Scheme will be transferred to Trafalgar, at no cost to Trafalgar, or BPC will issue that number of New BPC Shares to Trafalgar at par consideration (0.002 pence per share).
pro_s2009: CERP have no money, BPC have no money. Join the 2 together, now you have more projects but again, no money. Going to have to be a big fund raising ahead, probably get this deal done and then a big 2 pence per share placing in Q4 ahead of rig mobilization imo. CERP share price now controls BPC share price. Whatever the CERP price is, just divide by 0.803 and thats the price you get BPC shares at when the deal goes through. CERP currently 2.4p to you get BPC shares for 3p equivalent if you buy CERP at the current 2.4p
globalspecialist: Stewart commented that BPC "should put all efforts into Bahamas". Is Stewart right? Steward would have been RIGHT if the decision today would have had an OPERATIONAL impact on the company and its chances of recovery of oil in Bahamas but it does not! This is purely a STRATEGICAL DECISION for the future at a very low affordable cost. BPC will only drill in Bahamas if the share price remains firm and the family office agrees to release all promised commitments and BPC arranges further funding for contingencies through the loan note or some other means. The Uruguay license commitment of $200,000k per annum in the future is irrelevant and independent of the company's prospect and financing requirements for Bahamas. Furthermore should by any chance (fingers crossed) BPC hit oil in Bahamas their credibility will be significantly enhanced which means that the NPV of the URUGUAIAN project will increase on oil discovery in Bahamas as the market will ascribe a higher chance of success to that. So the trading for professionals will go like this: HOLD ON TO BPC CURRENTLY WAITING FOR THE DRILL SELL 60-65% ON ANNOUNCEMENT OF DRILL AND DURING DRILL IF NO OIL WE GO TO 0.5P IF OIL THEN BUY MORE IN TIME WAITING FOR THE URUGUAIAN EXPLORATION Therefore the share price after any oil find in Bahamas will be higher with the Uruguain potential than without it. WELL DONE BPC! Furthermore, BPC have the license now - they will not be committing any significant resources at all (given it is a four year award) prior to drilling Perseverance 1. AS SUCH IDIOTS LIKE WHOPPY TALK RUBBISH BASED ON POSITION OF THEIR BOOK - AND IDIOTS LIKE ALH AND BIG SI TALK RUBBISH DUE TO THE SAME REASON. NEITHER WILL HAVE ANY IMPACT ON THE SHARE PRICE.
globalspecialist: Good Morning Idiots (ex Stewart/Mexican one/Nob and a few others) ADMIN PURPOSES FIRST - First of all the reason I call you idiots is not that I regard you as retards (except Whoppy) but because you are idiots in Finance. You have no idea why prices move and make stories up to fit your agendas. It is for that reason that you have no chance against the like of us who understand how markets price in stocks and why stocks move as we are always ahead of you. FROM THIS FACT WE MOVE ON TODAYS NEWS AND THE SHARE PRICE MOVE. 1) First question you should be asking "Why is BPC share price up, is the rise sustainable longer term and how does the market price such an event"? ANS: Any news which changes the fundamentals of a stock changes valuations and hence changes the share price and trading range(remember that short term technical moves as dictated by buyers and sellers are not sustainable and an inflated/deflated bid will always adjust to the equilibrium set by fundamentals. By the way that is also the reason that your idiotic comments on Rampers/De-rampers is irrelevant and ignorant! So HOW IS today's news on URUGUAY priced in the stock? A stock such as BPC which is at a developmental stage is valued on NPV of the project - usually with 5-10 years detailed Cash flow added to a terminal value which is based of terminal growth expectation (In case of BPC there is no terminal value as the Oil eventually runs out so the NPV is the NPV of the project into a event horizon). This is very much similar to how new developmental drugs are valued for pharmaceutical companies. In case of developmental projects once the NPV is calculated - it is multiplied by the implied chance of that project succeeding and the resultant value is added to the current value of the company and the share prices then adjusts upwards. For that reason as the project moves through each developmental stage (i.e Phase 1,2 or 3 for drug companies, or Seismic/SD data showing strong reserves, financing arranged, drilling, oil find for oil companies) the share prices moves up aggressively to new levels and obviously any new development will be factored in. At this stage the Uruguaian 2D Seismic data is poor quality (and hence the very low $200k cost). This is also a exploration level license and not one which interests a major so early on especially given the past history with Chevron here. They can always get involved many years later if oil reserves are proven etc. So how is it VALUED? Lets do a quick back of the envelop calculation. There is potential 1BN barrel of Oil, assuming oil prices will be around $40 or higher when they drill for the reason I explained before in detail the net profit for BPC will be around $3 per barrel. That implies a valuation upside of up to $3bn - at this early stage I am not going to look at NPV of these cash flows nearly a decade out but assuming longer term interest rates of around 2% it will be around $2.45bn. The projects chance of success at this stage is probably around 0.5% so the NPV of the project is around $13M or just above £10M. As such a Valuation UPSIDE OF £10M TO BPC's market cap is justified and therefore the share price move up around 10% is correct. You now understand hopefully why the share price is up! NEXT WE LOOK AT STEWART's COMMENT ON SHOULD BPC BE CONCENTRATING ON BAHAMAS ONLY AND THAT HE WILL SELL AFTER ANY BAHAMIAN OIL FIND AND SOME RIDICULOUS STATEMENTS BY THE LIKES OF WHOPPY, BIG SI AND IDIOTS INC.
globalspecialist: I see idiots are out in force - especially Whoppy who has not got a clue on how markets operate - poor chap has never heard of the Volcker rule and makes up stories about MMs to describe a share price reaction he does not understand. This idiot this morning writes that “the areas is bigger than the Bahamian region so huge scope” and they (BPC) might already have a major lined up. Have you ever heard such idiocy?? The area can be half the planet but if there is no recoverable commercial level of oil then it is worthless. The 2D seismic data needs upgrading and is one reason the cost of the license is so low - also BPC has not been able to line up a major for Bahamas for 13 years - yet - If a major was interested they would not need BPC to line it up for them - for $200k per annum they would have taken the license. Remember Chevron dug in the area in 1976 and hit a duster - so majors are not interested currently and hence why BPC got it so cheap. However we have to look at Finance theory to understand the share price movement. On that basis and once I explain to you again why share prices move you will see that this is a POSITIVE news for the company. Furthermore, ridiculous comments from BigSi, ALH that BPC is getting ready for failure in Bahamas and hoping to stop a share price collapse is nearly as idiotic as Whoppys statement. Companies do not operate that way - with a scarce resource such as Capital in BPCs case - this project is affordable and will not impact the ability of the company to dig in Bahamas over the next 6 months. BPC will raise the funding to dig through its current financial commitment or they will fail. The $200k per annum is irrelevant to Bahamian prospects. IDIOTS. I am just rising from my beauty sleep and it seems I have a lot of further education to explain to you the POSITIVE/NEGATIVE rationale behind this investment and the share price move. Details to follow at breakfast.
bunz3: good finish for bpc share price .nice to look at all my shares today to see they all finished blue people who holding shares be happier with so many shares moving back up some more again today after yesterdays and previous days share price drop
Bahamas Petroleum share price data is direct from the London Stock Exchange
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