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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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.

now your clutching at straws mitz.,.

Not really just looking ahead I bought these @sub 5p so already a one bagger and waited 12 months for that to happen.Drilling in 2012 so another 12 months plus wait .

RHPS are right for once.

.

Not really just looking ahead I bought these @sub 5p so already a one bagger and waited 12 months for that to happen.Drilling in 2012 so another 12 months plus wait .

RHPS are right for once.

no one has yet answered the Q as to why there should be any oil here at all

Sorry Cynners . Not dodging your question / merely havent been online since friday . But could i first deal quickly with Prose s not only misleading, but TOTALLY erroneous statement ,that BHC s fiscal position will prevent them from being in a position to expolit their Licenses.? ... You are obviously quite unaware that BHC have a free carry of 30% in a drill scheduled for Q1/2 of 2011 after the the mighty Statoil ,having scrutinied the seismic, farmed into three of the leads identified by BHC . Statoil are acting as are operators and FULLY meeting ALL Capex involved with the j/v..../ Other players such as the cash heavy laden Ex/Mob are in talks with company CEO, Alan Burns,ex head wallah at HNR before buyout by TLW ,regarding a farm in to afurthur two leads. After talks with two other unamed "Big Oil" constutients Alan Burns publically stated at AGM that these developments totally catagorically ruled out any need for recourse to city for capital ..The website was IMMEDIATELY updated to include this statement . Call me naive in placing much substance in the plattitudes of an ozzie entrepreneur; but this guy is a strictly "hands on" CEO , keeps investors duly informed , hold a hi-vale position in the company- as do the other B/D and snr management , and is supported by a very prestigious bunch of backers and inluential institutions