| 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% |
0.325 |
0.00 |
01:00:00 |
| Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
|
0.32
|
0.34
|
|
|
|
| Industry Sector |
Turnover (m) |
Profit (m) |
EPS - Basic |
PE Ratio |
Market Cap (m) |
|
Oil & Gas Producers
|
|
-3.49
|
-0.20
|
|
3
|
| Last Trade Time |
Trade Type |
Trade Size |
Trade Price |
Currency |
| - |
O |
0 |
0.325 |
GBX |
Real-Time news about Bahamas Petroleum Company Plc (London Stock Exchange): 0 recent articles
| Trade Time |
Trade Price |
Trade Size |
Trade Value |
Trade Type |
No Trades
| Date | Subject |
|---|
20/5/2021
17:42 | zxieistoast: Seems the penniless Lintard the bankrupt retard currently residing in a bin near Park Lane missed out on another market opportunity. hahahhahahha
hahahahhahaha
The idiot however didnot miss out in the 94% decline in BPC share price - he was in it all the way. On bankruptcy Lintard announced in a public forum that "he really believed in the project" ahahhahahha hahahhahhahhahahhah and then he asked investment advice from another bankrupt Lallee - hahhahahahh hahhahahahhah
YOU could not make it up. These idiots in the dark are priceless :)
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19/5/2021
17:06 | deltalo: 0.35 placing price, share price is about that now so no impact on the sp, 750m at 0.35 taken up is good considering the share price was around that or below for the last few weeks. Saffron2 will now go ahead as planned.
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18/5/2021
09:04 | 12bn: Here is pros article/////Earthjustice: Denying BPC not only within lawful authority of The Bahamas but also consistent with govt’s public opposition to oil drilling
NASSAU, BAHAMAS — A US-based non-profit specializing in environmental law, Earthjustice, has asserted that the Bahamian government has full legal authority to deny the Bahamas Petroleum Company’s (BPC) request to review its licenses.
The organization, in a letter addressed to Prime Minister Dr Hubert Minnis and Environment Minister Romauld Ferreira, contended that the Bahamian government “has broad discretion under the law to deny BPC’s request for renewal of its licenses and that BPC has no right of renewal”.
Earthjustice said it came to that conclusion after having reviewed relevant provisions in the Petroleum Act and its accompanying regulations, along with the license agreement.
BPC undertook a controversial exploratory well exercise in its search for commercial quantities of oil in The Bahamas. In February, its initial well came up dry; however, it has since announced its intention to continue exploration in Bahamian waters and drill another exploratory well amid an ongoing court battle with environmentalists.
BPC’s incoming chief executive, Eytan Uliel, recently stated during a podcast responding to investors’ queries that it was “our right to extend” the company’s four oil exploration licenses beyond their end-June 2021 expiration.
He confirmed that BPC, which is soon to be renamed as Challenger Energy Group, has submitted the necessary documentation to the government to start the renewal process.
Earthjustice said based on the available authorities, “we conclude that the government of The Bahamas has broad discretion under the law to deny BPC’s request for renewal of its licenses and that BPC has no right of renewal”.
“In addition, such denial is not only within the lawful authority of The Bahamas, but it is also consistent with the government of The Bahamas’ public opposition to offshore drilling activities as well as its nationally determined commitments under the Paris Agreement,” it said.
According to the non-profit, BPC’s latest renewal request, unlike the previous, is discretionary.
“There are multiple reasons for the minister to exercise this broad discretion to deny BPC’s renewal request,” Earthjustice noted.
“First, in order to be eligible for a renewal, both the 2007 Licence Agreement and Petroleum Act require BPC’s compliance with ‘the act, the regulations and terms and conditions in [the license]’. Judging by statements by both BPC and the government of The Bahamas, it seems that there has been a failure to pay rents under the existing license agreement.
“In addition, the post-well technical analysis remains to be submitted and BPC indicates that various other amounts remain in dispute. BPC cannot renew its license without meeting these threshold obligations.”
The non-profit also argued that the company’s efforts to seek a funding and operating partner for the next stage of its activity in The Bahamas demonstrate that it does not have the assets or operational capacity to utilize the licenses.
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15/5/2021
08:12 | 12bn: angryarry post 55850,I have already said many times that it is the financials/share issuing that is most important are you SENILE,doesn't your memory work? You should nit pick on something else like BPCs non-existant Soldado field LOL. Here read this post AGAIN./////12bn - 10 May 2021 - 08:11:41 - 55395 of 55410 BPC Ltd - BPC
It is thus proposed that all existing ordinary shares will be subject to a 1 for 10 consolidation.
New Ordinary Shares issued pursuant to the Share Consolidation will have exactly the same rights as those currently accruing to existing ordinary shares under the Company's Articles, including those relating to voting and entitlement to dividends.
General share issuance authority
At the EGM, Shareholders will be asked to increase the Company's authorised share capital post share consolidation, and thereafter to approve a temporary authority for the Company to issue up to 750,000,000 new ordinary shares (on a post-share consolidation basis). If this authority was ultimately to be used in its entirety (and assuming the consolidation of the Company's share base is approved, the Open Offer is fully taken up or any Ordinary Shares not taken up are successfully placed, and the various other actions described in this document are completed) this would represent a total potential dilution of approximately 50 per cent. on a fully diluted basis, without the need for seeking further shareholder approval, and with such capacity to be in place until the end of 2022.////// This is more important than Saffron2 imo (as Saffron2 is just a red herring to fill BPCs coffers imo). The equivalent of 7500m new shares at todays prices will swamp present holders and lead to massive dilution and a falling share price
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14/5/2021
16:14 | 12bn: deltalo - 06 May 2021 - 14:58:59 - 55195 of 55839 BPC Ltd - BPC
Very exciting times here for the company and us shareholders, it all starts in a few weeks time when the company changes name and changes direction to ramp up oil production by drilling the appraisal well and a further 5-9 wells by the end of this year and a further 20 wells next year.
Only value will be added now and so why would you not want to be in this.
We're only valued by current production from Saffron1 so all other assets are not reflected by the current share price
Absolute steal here and imho a great opportunity to seriously make some big buck's.////// Actually when I checked the post you were refering to Perseverance1 not Saffron1 but how do you explain thinking BPC was only valued by 'current production from Saffron1' when production comes from 135 other wells and not Saffron1?
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14/5/2021
08:21 | 12bn: 12bn - 12 May 2021 - 14:51:29 - 55558 of 55742 BPC Ltd - BPC
Good post Martyn9 but I am skeptical that much of the drill program will ever happen with costs at $3m a pop. The BoD have RNSd their wish list of actions to tempt holders into buying into the rights issue but we don't know what their finances really are. All the BoD says is that there are outstanding debts on the Perseverance1 drill and it tells us what cash they had at a point in time in March but we don't know what cash they actually have now. My guess is they are very low on cash and will probably know that $3m a well is a silly amount for wells that lose production fast and end up at an average of 3 bopd. Saffron2 COULD be different from the other 135 producing wells (and probably will be,at least initially) but will they gamble on that? My guess is they will wait and see just what happens to Saffron2 in say 6 months time and then decide if they will try another well drill but I could be wrong.
12bn - 12 May 2021 - 14:39:38 - 55557 of 55742 BPC Ltd - BPC
12bn10 May '21 - 13:53 - 55440 of 55443 Edit
0 1 1
Goudron 45-50 active wells. Inniss-Trinity 15 active (BPC gets only half).South Erin 50-60 wells. SWP wells are just exploratory. The point is BPC has a lot of wells but only 450-500 bopd from them all! The reason is the wells individually produce very little and so you can see why I am skeptical about how 1 more well will make much difference in the long run.////// The BPC website has the production for Trinidad at 400-450 bopd, so even worse than I thought. 400 divide by 135 wells is only 3 bopd on average,so I wouldn't hold out for Saffron2 changing things much. 7500m new shares at todays share price will impact the sp, as will death spiral finance if/when the rights fails imo.
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12/5/2021
14:39 | 12bn: 12bn10 May '21 - 13:53 - 55440 of 55443 Edit
0 1 1
Goudron 45-50 active wells. Inniss-Trinity 15 active (BPC gets only half).South Erin 50-60 wells. SWP wells are just exploratory. The point is BPC has a lot of wells but only 450-500 bopd from them all! The reason is the wells individually produce very little and so you can see why I am skeptical about how 1 more well will make much difference in the long run.////// The BPC website has the production for Trinidad at 400-450 bopd, so even worse than I thought. 400 divide by 135 wells is only 3 bopd on average,so I wouldn't hold out for Saffron2 changing things much. 7500m new shares at todays share price will impact the sp, as will death spiral finance if/when the rights fails imo.
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10/5/2021
13:45 | 12bn: Asset Profile: South Erin
Summary Information
Asset South Erin
Location Onshore, South-west Trinidad
Ownership 100%
Operator BPC
Stage Production
Asset Type Farm-out from Heritage
Recoverable Resource 0.3 mmbbls
Current Production 50 to 60 bopd
Cumulative Production ~0.3 mmbbl
Fiscal Regime Royalty
Tenure Expiry December 2021 with a 5-year option to extend
* 2P + 2C Recoverable
In This Section:
Trinidad and Tobago
Bonasse, Icacos & Cedros
Goudron
Inniss-Trinity
South Erin
Cory Moruga (Snowcap)
South West Peninsula (SWP) Exploration
The Bahamas
Perseverance #1 – Environmental
Perseverance #1 – Technical
Suriname
Uruguay
Asset Description
Discovered in 2006 by Jasmin Oil & Gas, acquired in mid-2018 as part of the Steeldrum acquisition
Only 10% of the area has been explored and 3D Seismic data available for targeted incremental exploration and infill drilling
Technical Highlights
6 active wells
Producing 22-26 API oil from Lower Forest sands, the most prolific oil-producing sands in Trinidad Southern basin
Near-term Milestones
Extension of term
Infill well drilling for incremental production (2021 / 2022)
Share Price
10/05/2021
0.35
Share Price Performance
Latest Regulatory News
View all
Latest Financial Reports
28/09/2020
Interim Financial Statements to 30 June 2020
01/06/2020
2019 Annual Report & Accounts
27/09/2019
Interim Financial Statements to 30 June 2019
25/04/2019
2018 Annual Report & Accounts
27/09/2018
Interim Financial Statements to 30 June 2018
View
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10/5/2021
13:14 | 12bn: 12bn - 10 May 2021 - 08:11:41 - 55395 of 55410 BPC Ltd - BPC
It is thus proposed that all existing ordinary shares will be subject to a 1 for 10 consolidation.
New Ordinary Shares issued pursuant to the Share Consolidation will have exactly the same rights as those currently accruing to existing ordinary shares under the Company's Articles, including those relating to voting and entitlement to dividends.
General share issuance authority
At the EGM, Shareholders will be asked to increase the Company's authorised share capital post share consolidation, and thereafter to approve a temporary authority for the Company to issue up to 750,000,000 new ordinary shares (on a post-share consolidation basis). If this authority was ultimately to be used in its entirety (and assuming the consolidation of the Company's share base is approved, the Open Offer is fully taken up or any Ordinary Shares not taken up are successfully placed, and the various other actions described in this document are completed) this would represent a total potential dilution of approximately 50 per cent. on a fully diluted basis, without the need for seeking further shareholder approval, and with such capacity to be in place until the end of 2022.////// This is more important than Saffron2 imo (as Saffron2 is just a red herring to fill BPCs coffers imo). The equivalent of 7500m new shares at todays prices will swamp present holders and lead to massive dilution and a falling share price
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10/5/2021
11:54 | 12bn: 12bn - 08 May 2021 - 10:11:46 - 55350 of 55390 BPC Ltd - BPC
So we can add up the number of producing wells in Trinidad,45-50,15,10,6= 76-81 wells.The total production is supposed to be 450-500 bopd,if we take 75 wells and divide into 450 bopd we get 6 bopd. If we take 80 wells and divide into 500 bopd we get 6.25 bopd. I have done this research for you all as I was surprised that deltalo thought BPC only had one well Saffron1 producing oil (it doesn't produce any oil). The point is that new wells after high initial production only produce around 6 bopd often 'on pump' and so putting your hopes on Saffron2 being a game changer is unlikely. I strongly suggest holders DYOR and look on the BPC website where this info is.////// Sorry,I missed out the South West Peninsulars 53 wells,so the picture is even worse but it doesn't say if any of those wells are producing, 6 bopd is hardly awe inspiring though is it? Hardly a game changer LOL.///////// So BPC has 75-133 wells in Trinidad already,so 450-500 bopd is spread very thinly.Does anyone dispute these figures,maybe angryarry will find something irrelevant to say. It looks to me that 6 bopd from Saffron2 won't make much difference even if it does start off with 200-300 bopd.
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Bahamas Petroleum share price data is direct from the London Stock Exchange
PLUS1
