A reverse takeover of Falkland Gold and Minerals, BPC joined the AIM market in Setember 2008. Has 5 exploration licences
offshore the Bahamas Alan Burns is CEO founded Hardman Resources has heavy institutional backing.

On 18 May'09 there was news of StatoilHydro has reached agreement with BPC to become the
operator of three offshore exploration licences

Chief Operating Officer Paul Crevello said :
"Some of the structures are very large. There is potential for multiple 500 million cubic meter (of reserves) fields,"
"BPC was also interested in "farming out" to partners its remaining five licences offshore Bahamas."

Now at 3.75p, Broker Fox-davies has a 13p price target on the company.
updates
12 Sep 09 - A number of well-known institutional investors had bought more than 272 million shares
in the company after RAB Special Situations and Edgewater Estates had cut their stakes. Alan Burns,
chairman, said the move significantly broadened

Interesting links
http://www.upstreamonline.com/live/article180910.ece
http://www.fox-davies.com/media/49118/bpcflashnote18thmay2009.pdf
http://www.sharesmagazine.com/emag/21-05-2009 See Page 7 (click refresh button for full screen)
http://www.growthcompany.co.uk/news/1064557/bpc-seeks-new-areas.thtml
http://www.growthcompany.co.uk/recommendations/1067072/bpc.thtml
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If i had a choice of Skegness or Bahamas to dig a hole.......defo bahamas!!

you could also have southend! ..... BVI does ok for me .... not many virgins; even fewer of them british, but at least the services they offer are tax free!

I'm all for a bit of tax free at the southend, if you know what I mean!

rearend however can be very taxing without the benefit of a some gentle lubrication to ease things along - or so i am advised

Recommended read to understand a bit more about BPC.

Cynic!!!!????!

Anyway, it's Sarfend not Southend! :o)

Or is that Sore-end? ;o)

I'm ready to buy on the fall back.

Whatever you do dont be short of this one.

Myshare for 2011.

What with no more licenses to be granted by the Bahamas govt it looks like BPC has a total monopoly in h/carbon exploration in this region ,,,, l opened a position at a tad shy of 5p what seems about 10 minutes ago .....but wish id bought in volume now and played the % on this one ... Will be awaiting any retraction in s/p ..,,,,,,,,,,,But who knows ? That day may never come; as this is one heck of a resilient powerhouse of a stock......................

TFC - apart from playing the momentum game, what makes you think there's any oil?

It has been said somewhere, I admit I cannot remember where but I will investigate, there is oil seeping up from the sea bed. Not that it means there are billions of gallons underneath of course. It is certainly worth investigating though!

But if oil is seeping out it means a failed seal....... a failed seal mean no reservoirs of oil down below.........

But they will drill were there is no failed seal [ were there is no seeping oil ] in this region.

This is an opportunity of a lifetime to buy before they 10 bag.

Calm down my dear , its only oil.

You are joking.

They have not got any cash to pay for drilling. Offshore drilling is bloody expensive and they have not got any money to pay the deposit, let alone plan a drilling program.

Considering there is going to be one massive placing at some stage it makes sense to wait for it to happen and then buy in at the discount price.

http://www.barchart.com/opinions//BPC.LS
Maybe 50p next Spring.