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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About time George...!

That's the problem with such co's, an abundance of patience is required, having said that I've done very well with BPC.
2517

Sharp rise today.....more to come perhaps...

Certainly hope so rf, been stocking up on these recently.
2517

This share has a tendency to shoot up very suddenly from very low levels only to glide back down again...it's happened several times, so same thing again perhaps ?....don't expect any drilling till 2014 at the earliest but this is a very low entry point as indicated by the chart.....so a sp spike up now perhaps ?, as american elections are over plus no more gulf problems ...

....and Russians about to drill nearby!

Cuban side ?....

Yes RF, rig in transit from Trinidad.

Sp up this morning......hope it continues...

Active this morning.
2517

BREAKOUT

The steady but small rise is culminating on a large movement up with volume today. Breakout from the previous intraday high at 5.10p

Moving well ahead this morning 6.175p +0.825p and volume balloning 18M + already

And long may this breakout continue.
Having bought at 6.8 and 4.1 things are looking a lot more rosy now.
TT

no news?

The same pattern as last Friday after the large rise profit taking (retracement is taking place )

Rumblings, but no news. Must be the oil bubbling under the Bahamas!

I got this one down as a spud to start Feb/Mar.,.

The Bahamian government want a referendum on oil exploration but are coming under intense pressure to do what they were elected to do - make decisions for themselves! The economy is going down the pan fast, if there is indeed a barrel or two of oil down there it could solve their problems within a relatively short period. If the Russians, who are drilling on the Bahamian border, strike oil I can see a revolution happening if no decision has been made by then!

ramp over!

Damn! Didn't quite make a million! :o)


21 January 2013

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

Statement Regarding Share Price Movement

Bahamas Petroleum notes the recent movement in the Company's share price but confirms that it is not aware of any specific reasons for this movement.