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

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Have not posted here for a while but still hold a shed load, although I did sell some on the way down from 24p ish. Markymar I would suggest that if you wait until next year to look at BPC you must expect to pay significantly higher than their current sp, imo of course. Good luck all.
2517

Looking interesting again.

Any target? or reason behind the rise?

Chartist, Simon Griffin (shares mag) has a tp of 19p.
2517

Taken from elsewhere!:-

Shares in BPC bounced after a weak December. There was little news-flow of note, albeit on the 16th January management announced that the initial processing of its 3D seismic survey data had been completed. The RNS stated that “data quality is excellent and data volumes have been received in both time and depth.” Detailed interpretation is now underway, and is to form the basis for well location selection, well design and planning.
Prior to this news, the key operational update was perhaps in July of last year, when the group published a Competent Persons Report.
This report confirmed internal interpretations of the numerous oil exploration leads and prospects offshore the Bahamas. Importantly, the report (produced by Ryder Scott) also provided estimates of probabilities of success for the initial four exploration prospects. These probabilities are encouraging, ranging from 9%-35% for various zones within the four prospects. The prospect sizes themselves are very large, with the initial four estimated to contain between 400m and barrels of recoverable oil each. Success at any of these wells would be transformational for the group – market forecasts based on a NPV15 of $8/bbl highlight that even the smallest of the four initial
prospects could be worth 80p/share, even if it is assumed that the group farms out half of its current 100% holding. Despite this positive news, in the short-term the key obstacle the company faces is gaining environmental approval from the Bahamian Government to begin drilling; the economy is in difficulty (with the key tourism industry under pressure) and the country is due to hold national elections before
May 2012 to elect a new Prime Minister.
Drilling is due to start in neighbouring blocks off Cuba in Q2 2012. The US Geological Society estimates Cuba’s reserves at 20bn barrels and a first well is to be spudded by Repsol this month; a further four wells are planned by Repsol and other non-US companies before mid-2013 and success here will have positive implications for those seeking to drill in Bahamian waters. Optimists believe that the Bahamas/Cuba Basin could be as large as some of the biggest in the Middle East or Kurdistan. The shares remain a high risk:reward proposition

The last retracement was fast after reaching 8.90p intraday,
but then there was a steady up movement culminating
on today's higher volume and BREAKOUT

----------------------------- 3 month ---------------------------------------------------------- 8 month -------------------------

Lovely lovely day ! :)

spread 9.78 / 9.85p +0.85p

Further large movement up this morning, with very large volume already 18M almost like yesterday and is only 1 hour of trading

Nice surge on this.....perhaps Repsol have encountered something.....

Don't know, don't care, sold three quarters today - lovely profit.

Hope you are still in mitzy.
2517

Bahamas Petroleum Seeks Partners for offshore Bahamas Licences

UK listed Bahamas Petroleum Company Plc is reviewing potential farm-in proposals in relation to a portion of its exploration licences located in offshore Bahamas, whilst also retaining a 100% interest in selected acreage.

Looks like our resident ramper sold out too early.....still going strong !.

Not in George.

Why ....did he knock on your door and you said you were out ?....well...it is Valentines day tomorrow.....

imo it's still not too late mitzy.
Very good rf, tomorrow is a date I must not forget, we married on valentines day (my wife and me that is rf).
2517

lol.

Happy anniversary then ! in case I forget to mention it tomorrow....on Valentines day as well...nice...(psss...you can save on the prezzies....with a bit of luck).....a bit like being born on christmas day....not so good for the presents....

Fall back in sp could be an opportunity.
Unfortunately rf it's more like a double whammy, never forgotten it yet but if I did it would be more like St Valentines Day massacre, Ha! Ha!
2517