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

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The Company has been informed that Alan Burns, Non-Executive Chairman of the Company, today disposed of 3,885,011 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal"), at a weighted average price of 16.37 pence per Ordinary Share.



Following the Disposal, Mr Burns is now interested in 26,164,989 Ordinary Shares, representing 2.65 per cent. of the Company's issued share capital.



Alan Burns, Chairman, said:

"As with my disposal announced on 14 January 2011, this sale of ordinary shares has been made in light of my personal circumstances. It is my intention to maintain my investment in the Company at its current level, as a long term strategic investment."

Good to see the footnote. My sympathies are with Alan Burns, he is going through a tough time.

You think the 650 mil is running short now??.,.

The trend is UP today and all the way to 18.25p, at this rate another BREAKOUT soon

get ready to open the tin of sardines!

Strange but Institutions most likely wanted the shares yesterday and topping up today
Directors do that from time to time to satisfy demand >>>>>>

Director Deals - Bahamas Petroleum Company PLC (BPC)

Alan Burns, Chairman, sold 6,000,000 shares in the company on the 26th January 2011 at a price of 17.00p. The Director now holds 20,164,989 shares.
NOTE: Sold due to personal circumstances

perhaps sold because he thought it was a good opportunity to cash in some more and fill up the bank account - that also counts as a personal circumstance to my mind

Do I see someone jelaous of our good luck?

We can have caviar with the good profit, the sardines for you SH!T "gargy old boy" - cynic-

Since you open your dirty mouth, nothing else than going up.

Everything points to malise from you, and I am not afraid of telling it to the "Gargy"

Gargy = garbage

now go and complain to moneyam, we all know is you cup of tea

Cielo.....there is nothing wrong with cynic pointing out things like that....I'm going long on this but you must allow people to express doubts.....don't get shirty about it and rude, please....

I am convinced these are going to 20p.

Well said rf, whether cynic is bullish or bearish on any stock I don't believe that what he says is significant enough to move an sp, so Cielo enjoy the fact that you are in at much lower levels than the current sp. Other than your aggression towards cynic your posts are interesting. Good luck.

mitzy---and the rest, in time.
2517

Of course George I'm not selling for another year at least...maybe 2 years.

some of you guys are just so easy to reel in it's almost not a sport any more

well I'm in from 4.7p.

Hi Guys

>>>> about - Cynic - antics

May I say the object of the thread is to make money and discuss reasons why, so after I done that I will comment about -cynic - antics, you may think in taking in his garbage, but I am not the type of stock for such a thing.

If you really think I am bothered about - cynic - I will tell you you are wrong, I just like to put a DOG down were it belongs

"bargy" is just too full of himself and a very arrogant individual, his contributions on BPC are NIL apart from talking about "sardines"

Is just another wannabe but infact, is just like that monkey that picked a couple of lucky stocks and 2 days later sold because were falling and must cash the profits strait away.

The - garby old boy - will only buy stocks with plenty of cash, no debt, plenty of oil on the ground etc. must be penty of everything on the balance sheet, no time for speculation for something to come good like BPC ( and it has been so far ).
The ( his) problem is famyly related on the past ( they had nothing and now a bit )

Note out of JP Morgan yesterday, about NOC M&A ambitions in upstream Oil&Gas
From Fred Lucas

Talking about China, India and Korea getting stuck into some proper M&A
And, having already wet their beaks, moving up the food chain to the multinationals
So we advise investors to prepare for some big ticket upstream M&A on a scale not
yet witnessed and to reconsider the potential for big company takeovers by NOC
predators. Asian NOC buyers have barely scratched the surface to cover their
growing upstream resource needsfollowing preparatory steps, overseas
governments are becoming more relaxed about their presence..and money is
cheap. We feel that the market has lost cite of their strategic needs and firepower.BE
The global resource race will drive the need for larger deals than span more than one
country, in our view. Valuations of potential targets must reflect this risk more fully.BE
We see five durable motives for the Asian NOC upstream buyer (i) to
control rising primary energy deficits and manage national energy security
(ii) to diversify fuel type, especially away from coal (iii) to achieve geopolitical
position and influence (iv) to nurture and build globally diversified
energy champions (v) to redeploy large amounts of very low yielding US
dollar reserves.

A new shopping aisle will open in 2011

We expect the scale of
upstream M&A to increase further in 2011 given the inexorable rising
energy deficits in the key growth economies of Asia. In 2010, we estimate
that China, India and S.Korea imported more than 10 million bopd at a cost
of almost $320bn. If these three countries look to buy reserves just to cover
the expected annual increase in their aggregate oil import deficit, we
estimate an acquisition spend of over $30bn (we suspect the outcome could
be well above this notional figure). Given a theoretical average reserve
multiple of $12 per boe, this implies purchase(s) of 2.6 bn boe. Given an
average 10 year reserve life, this implies a production purchase of 700
kbopd. We believe that this pushes the NOCs M&A periscope more
emphatically into large-cap, corporate territory. So we advise investors to
prepare for larger corporate transactions in 2011 and not to dismiss, quite so
easily, possible market speculation thereon. We believe that certain Asian
NOCs are prepared to take the next bold step up the M&A food chain.

you're not very clever Mr Blue Sky are you ..... the best you can do is to get quite personally abusive - or at least i think you do if i bothered to read in its entirety ..... you could of course always use the "naughty" button as i seem to get under your skin very easily

by the way, if i'm just lucky, then i'm very pleased to be so, and the bank balance (that means banked profits!) tells me that that is indeed so

this sardine has teeth cyners....must be a small shark.,.

they're not teeth ..... a sardine will gum you to death, though it does have a bit of backbone ..... which reminds, time to open my tin of same for lunch!