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
plus markets TRADES

Intraday

3 month Candlestick with 50 & 200 days Moving Average

4 month candkestick with Indicators ad support /resistance

6 month Bollinger Bands,RSI, S Stochastic and 50 days MA

Charts - 5 days

Number of people who have visited this thread    

good!

That's Fred's job

EMU - shall be is "residence" from afternoon of 21st and then return home 27th ..... your call for location; i have my own "tart's transport"

Going great guns but much more to come imv.
2517

will be intouch cyners.

Buy buy buy..


Doesnot apply to cynic(conditions apply).

quick buck on XEL this morning was wonderful instant gratification - provided i remember to *ank!

Cashed in on the bandwagon.....not sure about this....no drilling for a year at least....market cap as much as Northern Petroleum....who has a heck of a lot of assets and produces as well .....(just to compare).....so will watch...might be too soon...but this could just be a spike before coming back down to 7 or 8p.....

Daily Mail Market Report today >>>>>>>>>

Speculative buying lifted oil and gas minnow Bahamas Petroleum 1.3p to 110p.
--------------

some wish at 110p but it was 11p

whats driving the current price ??

The looming oil shortage plus hope that there actually is a total 17 billion barrels of oil in the BPC acreage! There is not likely to be any drilling done until the end of 2011 or sometime in 2012 so this is a long term hold. It should be good for trading before then though.

No wonder that she was up again yesterday >>>>>>>>>>>>

From: ALEX HOLBOURN (MERRILL LYNCH INTL) - Oil & Gas Specialist Equity Sales
At: 25 November 2010 - 17:25:14

Following meetings yesterday with Alan Burns, CEO of BAHAMAS PETROLEUM, here is my view of the salient points:


Detail:
** Co. has 5 licences, 4 offshore SW & 1 offshore NW of the main islands.
** Only 5 wells drilled in Bahamas during 1947-1986 BUT those wells indicated...
**...active petroleum systems - should not surpise given proximity to GoM.
** BPC has most comprehensive data set & licences in Bahamas + 1st mover adv.
** Based on 2D seismic acquired July 2010, plus historical data from Tenneco,
** BPC's internal prospective resource est. range 3.6 - 24.3 bln boe with a...
**...mid-point & most likley co. estimate of c.9.0 bln boe.

** Fund raising recently successfully completed and co. are net cash US$6mln.
** No further need for equity injection and will instead seek farm-outs:
** Structure likely involve farming down 75% of single blocks in return for
**...payment of % of back costs plus carry on seismic and well commitments.
** STATOIL farm-in mid-2009 on 3 blocks jointly bidding for validates strategy.
** 12 co.s expressed interest in BPC's acreage, 3 could be suitable partners.

** Next steps: 2D seismic being acquired currently completing in early 1Q11.
** Oil & Gas and Drilling legislation review in The Bahamas post-Macondo and...
**...Norway, via relationship with STATOIL, is assisting with the process.
** Expect conclusion on new legislation mid-2011 but another farm out still...
**...possible in the interim. Also in meantime, Russian explorer Zarubezhneft...
**...is expected to drill nearby in Cuba in 2011.

** CEO Alan Burns' track record is hugely impressive having sold co.s/assets to:
** WOODSIDE, TNK-BP, SIBIR, and TULLOW OIL, over a 32-year long Oil & Gas career

** Val.n: hugely speculative but 24bln boe of prospective resource at...
**...US$0.05/bbl would equate to US$1.2bln, or c.760mln, which is...
**...c.7x the current market cap of around 110mln.


Conclusion:
** BAHAMAS PETROLEUM (BPC LN) is a pure Exploration co. in The Bahamas with...

**...24bln boe of prospective resource, & v impressive Mgmt incl. track record.

** V cheap call option in v prospective frontier acreage, a potential 7x+ bagger

I think 2011 will be a great year.

5 wells drilled...nothing.....time to take profits..guys.....these are nonsense reports...above.....careful....

Moving up higher this week imo.

Such a hot stock...had to come back in.....it's as if the market believes the potential is true !.....have doubts myself ;.... but there you go....the sp is climbing....

It's going to go a lot higher yet rf. imo of course.
2517

Flying now.....might go to the upper teens....

Well done again George 50p here we come in 2011.

And the rest mitzy.
2517