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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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.....

or two.,.

Short term.....good for the upper twenties sp wise....

When you take a look at ARG (sp 41p) and weigh the present BPC sp against that, imo it makes it fairly certain that there will be a fairly substantial upward movement. I think the Bahamas may well have a lot more oil than the Falklands. That is just potentially at this stage obviously.

Mira mira...

..... y no toques

.... como sube BPC

practising some of the long ago input languages

Its going up and Brent crude $110 today it should be higher..

gl.

Get on up ..!

Placing rns

46 MILL TO BE RAISED.

Superb recovery.

Prelims:-
http://moneyam.uk-wire.com/cgi-bin/articles/201103310700089518D.html

Also Director purchase:-

31 March 2011


Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")

Director's Dealing

The Company has been informed that Edward Shallcross, Non-Executive Director of the Company, today acquired 120,000 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") at a price of 22.18 pence per Ordinary Share (the "Acquisition").

Following the Acquisition, Mr. Shallcross is now interested in 120,000 Ordinary Shares, representing 0.01 per cent. of the Company's issued share capital.

WOW big time!!

Rising against the falling market.

Fallen a bit recently but there is plenty of time to decide whether or not you can stomach another FI's/XEL type roller coaster ride!

(BPC) unveiled a positive set of 2D seismic surveys as it approaches its first drilling campaign. The company said the fully processed results confirmed and expanded upon the initial shipboard results released earlier this year.

The data showed multiple structures with four-way closure ranging in length from 10 to 75 kilometres, but with overall larger acreage than previously reported.

Chief executive Paul Crevello said "What is most exciting is the scale and size of the structures we have been able to map and the value creation potential to the shareholder as we approach our first drilling campaign. We verify from the seismic that the structures were not breached and that reservoir and seal integrity are intact. The structures identified are similar to supergiant structures of the Mexican fields in the southern Gulf of Mexico and the Middle East."

Bahamas Petroleum said it expects to be drilling in 2012, as it presses ahead with proving the presence of hydrocarbons in the "exceptional structures".

It added that a contract had been awarded to CGGVeritas for a 3,000-square kilometre 3D seismic survey in the southern licences, with the seismic vessel due to be onsite by the end of this month.

Volume picked up in last few minutes.
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So it has! Thanks GEORGE.

Buyers in the ascendancy, sp reluctant to do the same.
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