Web site : https://www.bpcplc.com/

Bahamas Petroleum Company is an oil and gas exploration company with 100% owned offshore licences exclusively focused on the Commonwealth of The Bahamas.





.

I never topped up at those prices Proselenes as I felt I had more than enough invested in BPC, but well done you and I suspect many others that did buy then.

I just wish I bought more at that time.......... but there you go.

I hope the price has been pushed up to this near 6p level in order to fill buy orders........ getting it back to a level where many holders of years ago are back at breakeven will encourage them to sell.

Hopefully this week is a week of consolidation in the 5p to 6.5p range.........get all the old holders out and get lots of new holders in.

Then its primed for good news.......and hopefully not bad news !!!!!

I did a top slice earlier. Left it so that my remaining large holding can be sold for 0.5p a share and it will mean my initial investment is covered. So bad news will now have no negative effect whilst good will have a tremendous positive effect.

The RNS today does state that they are still working on the technical evaluation, and that has to be concluded before the commercial can be done. So based on that RNS I would assume that there could be at least a months extension now, to allow time for the technical to be concluded and then a commercial agreement concluded.

Hopefully it will be concluded earlier and with a positive outcome.

Did the same myself, if the next news is good I will have to be quick to trade again!

The most important thing is to protect your capital whilst exposing yourself to lots of upside potential - and top slicing is the perfect way to do so kimoldfield.

Fingers crossed now for a good deal in the months ahead.

Good consolidation on BPC around the 5p levels..............news will be in the next 2 weeks methinks.

I would expect news this coming week or next.......so the excitement is going to build again I am sure. Deal or no deal..........thats the question. A deal should see at least 10p a share value, could be a lot more. No deal and well.....down it will go.

Interesting RNS

https://www.investegate.co.uk/bahamas-petroleum-co--bpc-/rns/changes-to-ceo-contractual-terms/201808060700068519W/

One must assume therefore the Major wants to be able to change the CEO with minimal costs...and so reducing the salary of the present CEO and limiting pension liabilities is required by the Major. In effect telling the present CEO you are going to get rich off of the shares, so we will cut your salary and stop pension contributions.

Very positive imo.........end game of a deal must be getting close now.

Quite active this morning things seem to be warming up.

A warm day!

Busy again today and equally as warm.

Yes indeed! Dipped my toe a little further into the Bahama sea then top sliced; not my toe fortunately! This has been sooooo long in the boiling pot and there is a chance that a deal will be done. The only thing that holds me back from plunging into that sea is the lack of confirmation from the Bahamian Government that they will allow an oil drill. Having said that, if an oil company is willing to fork out US$250,000 a month with no chance of being allowed to drill, would they do that? Depends who that company is; if they have loads of cash $250,000 is peanuts but with tight margins these days, those peanuts look a bit bigger so maybe they would want to be a lot more careful!

My records show I first bought these@ 4.34p in 2010, in Dec that year I sold some @ 15p ish. Then in Oct 2012 I bought more for 4.24p and have sat on them since.

Nice little earner so far George!

Well done chaps. :-))

Can't complain Kim although it looked a bit dire when they were at or below 1p for what seemed forever. Happy to hold for bigger (hopefully) profit

Thanks dc, waiting for VRS to really take off as I believe it will and I am more than content to wait a while.

Ditto - also AEG!

The biggest profit will be when they actually drill. If you can hold until then and provided they do a deal and get a drill done.

Massive oil fields await imo.........Oil there is proven from earlier wells which were drilled in sub optimal places decades ago.

Now with all the seismic work they know where to drill - all it was waiting for was government to change policy, thats happened and now its not surprising at all a major is paying for exclusivity to do a deal.

Short term spike on a deal will be nothing compared to actual drilling and hitting oil........billions and billions of barrels of it.

:)

"Shell hails bounceback towards deepwater drilling. Head of exploration says break-even prices are now $30 a barrel"

http://www.ft.com/content/c5f464ac-9e0b-11e8-85da-eeb7a9ce36e4


.