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    

no thanks .... i'm very happy to be a voyeur on this one .... and what makes you so certain that BPC has oil? ..... DES reckoned it had too, and even the majors only have a strike rate of about 20%, though TLW has been much more successful of late

Daily Mail readers getting on this morning.

ah; the real professionals then! ..... if BPC does indeed find commercial oil, i shall be delighted for you all, but even at that juncture, as i have said on other threads, there'll be plenty of time to make some decent money

In life, only death and taxes are guaranteed, so yes no one can be certain they have oil, so we will have to wait and see. My enthusiasm getting the better of me.
2517

if you have "swathes", then can be no bad thing to bank at least partial profits

I got piles......is that the same thing cynic???

no; those are bunches of grapes!

No stopping it now....enormous potential.....

Top sliced again.....just had to.....quite incredible rise....will keep the rest...I see that I shall have to be in and out and back in with this one....

Praise the DM readers out buying big time today.. very much so.



up 60% since the year.

Any idea what the market cap is.....I think it's 222 million....but not sure..might be more than that.....we might be near the top.....for the moment....don't forget : no oil yet...just potential.....

Its my share of 2011 rf and up 60% in one month still plenty to go before it reaches 105p my year end target..

Mitzy, whats with the strange trades after hours here?? 9mil sell v's 1.7mil buy....not good hope your watching.,.

Probably due to new trading system Balerboy.

looks like good news in todays rns, keep fingers crossed for a find later on. not in at mo.

buy buy buy..

lol.

Looks like super seismic results to me....nice....

Great RNS.

Some of you are early risers like the news and shall not forget the share price >>>>>>>>>>>>

Summary:
Preliminary onboard processing of recently completed 2D seismic survey in southern Commonwealth of Bahamas waters shows numerous structures with four way dip closure significantly larger than previously expected.

Detailed processing will take approximately two months, which will verify the preliminary interpretations and give further in depth analysis.

Potential 3D seismic survey being considered with a number of suitable vessels available on short notice.

The presence of a potential Middle Jurassic salt layer may point to a further "sub-salt" play in the area.

Bahamas Petroleum, the oil and gas exploration company with licenses in The Bahamas, is pleased to announce the posting on its website of two recently completed, independent consultant studies by Dr. Mark Rowan of Rowan Consulting Inc (Jan 2011) and Mr. Ozanisch of Lago Petroleum Consulting (Feb 2011). These documents provide important results from the June 2010 fully processed Pre-Stack Time Migration (PSTM) data along with preliminary mapping results of shipboard analysis of the January 2011 2D seismic survey. Both provide evidence of 'giant' size structures in the southern licences held by the Company's subsidiary, Bahamas Offshore Petroleum Ltd., capable of holding several hundred million barrels of oil. They provide the first structure maps documenting the size and extent of closure of these features, based on 1,120 km of seismic data and demonstrate the consistency of fold formation, the continuity of folds along the structural trend, the ability to seismically map internal stratigraphic consistency (i.e., continuity of reservoir-seal strata) across the folds and the geometric form of the folds.

These results are preliminary and the full PSTM processing of the 2011 2D seismic data is due for completion by end April 2011 and will form the basis for detailed structural interpretation and prospect evaluation. In addition to the seismic data, gravity and magnetics data were acquired which are currently being processed.

This is going to be a very big play later in the year.....