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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about time..

rf according to their latest accounts drilling progamme to start in 2013, with Statoil as partner possibly sooner.

Any relation to today's rise ...........

By THE WASHINGTON TIMES

Obama surrenders gulf oil to Moscow

The Obama administration is poised to ban offshore oil drilling on the outer continental shelf until 2012 or beyond. Meanwhile, Russia is making a bold strategic leap to begin drilling for oil in the Gulf of Mexico. While the United States attempts to shift gears to alternative fuels to battle the purported evils of carbon emissions, Russia will erect oil derricks off the Cuban coast.

Offshore oil production makes economic sense. It creates jobs and helps fulfill America's vast energy needs. It contributes to the gross domestic product and does not increase the trade deficit. Higher oil supply helps keep a lid on rising prices, and greater American production gives the United States more influence over the global market.

Drilling is also wildly popular with the public. A Pew Research Center poll from February showed 63 percent support for offshore drilling for oil and natural gas. Americans understand the fundamental points: The oil is there, and we need it. If we don't drill it out, we have to buy it from other countries. Last year, the U.S. government even helped Brazil underwrite offshore drilling in the Tupi oil field near Rio de Janeiro. The current price of oil makes drilling economically feasible, so why not let the private sector go ahead and get our oil?

The Obama administration, however, views energy policy through green eyeshades. Every aspect of its approach to energy is subordinated to radical environmental concerns. This unprecedented lack of balance is placing offshore oil resources off-limits. The O Force would prefer the country shift its energy production to alternative sources, such as nuclear, solar and wind power. In theory, there's nothing wrong with that, in the long run, assuming technology can catch up to demand. But we have not yet reached the green utopia, we won't get there anytime soon, and America needs more oil now.

Russia more sensibly views energy primarily as a strategic resource. Energy is critical to Russia's economy, as fuel and as a source of profit through export. Russia also has used energy as a coercive diplomatic tool, shutting off natural gas piped to Eastern Europe in the middle of winter to make a point about how dependent the countries are that do business with the Russians.

Now Russia is using oil exploration to establish a new presence in the Western Hemisphere. It recently concluded four contracts securing oil-exploration rights in Cuba's economic zone in the Gulf of Mexico. A Russian-Cuban joint partnership will exploit oil found in the deep waters of the Gulf.

Cuba has rights to the area in which drilling will be conducted under an agreement the Carter administration recognized. From Russia's perspective, this is another way to gain leverage inside what traditionally has been America's sphere of influence. It may not be as dramatic as the Soviet Union attempting to use Cuba as a missile platform, but in the energy wars, the message is the same. Russia is projecting power into the Western Hemisphere while the United States retreats. The world will not tolerate a superpower that acts like a sidekick much longer.

Somethings up.

yes the sp.

The spike is still on, and at this rate a BREAKOUT is on the way, and the positive thing is the volume is high, very important for the BREAKOUT to happen

And the rise continues as the trades are pouring in

MMs starting playing the games, I will expalin

since the price move up to 4.40 / 4.45p, there has been 3.6M buys for 0.30M sells and suddlently without showing any sell the bid moves lower to 4.35p

With the mark down no atracting sells, The MM (SCAP) have decided to move forward again on the bid, and with that another has follow him LIBC so

at spread 4.40 / 4.45p
now 2 v 1

Not a bad day.

Starting where it left off Friday.

Tipped over the week-end.

Yeah, so did I, hope you're ok.
2517

Great thanks mate.

Sorry mitzy, I couldn't resist it. BPC moving up a tad.
2517

You don't think that this might just be one big holiday camp...with some directors hanging around a pool...putting out rns's now and again....."dearie" : get the secretary to put out a rns saying how fine it is....euuhh sorry, how we are progressing and tell her to bring me another gin and tonic....with some of these companies this is how I think it works....

"The rig has arrived on site and we have raised 10 million pounds via a placing in my swimming pool"....along those lines...oohhh..it's just the right temperature this morning...

you got the wrong name RF...Cynic2 sounds better. :))

Just a little wary of this one as to any oil at all ....in the Bahamas is it ?...

I take it you're not in then rf.
2517