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

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Charts - 5 days

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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.
2517

So it has! Thanks GEORGE.

Buyers in the ascendancy, sp reluctant to do the same.
2517

Indeed! Mind you, there are a lot of shares out there. 2 less now that someone has made that huge purchase!! :o)

What appears to be a purchase, 5,006,219 reported at 16.45. Interesting.

spread of 14.75 / 15p -1p

Oil price falling as US is ready to release oil to the market ........

US to release oil from petroleum reserves

The release comes as the United States approaches a period of high energy use in July and August.

High oil prices have increased the cost of petrol, contributing to an economic slowdown and putting increased political pressure on President Barack Obama.

Meanwhile, the International Energy Agency said 28 countries had agreed to release 60 million barrels of crude to the market to offset disruptions prompted by Libya's war.

The Paris-based agency said in a statement on Thursday that it made the move because the normal increase in demand over the summer "will exacerbate the shortfall further".

It also warned that the tight oil market "threatens to undermine the fragile global economic recovery".

The countries will make 2 million barrels a day available from their emergency stocks over a period of 30 days.

Share price moving around the bottom it seems 15p ( 14.75 / 15.25p ) UT came out at 15.25p as closing price
No volume yet and no rise like most shares last week.

15.25 / 15.50p +0.625p

after being manipulated down for the last couple days, the level 2 and share price looking much better at the moment

There is some life on the share price again today so looking forward to the next movement up