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

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Where's Mr BREAKOUT now........

Nice to see the news this morning. All my holdings now in profit for a change.

March 11 (Reuters) – Bahamas Petroleum Co Plc said its farm-out talks with interested parties had been given a boost after the government of the Bahamas decided to defer a referendum on the future of offshore oil exploration in the country.

Shares in the company were up 53 percent at 7.28 pence at 0814 GMT, making them among the top percentage gainers on the London Stock Exchange.

The government said on Sunday a referendum would only be conducted once the presence and scale of petroleum reserves had been established, allowing Bahamas Petroleum to proceed with exploratory drilling.

"Farm-out discussions remain ongoing with a number of interested parties and this clarification of the consultation process provides significant impetus and clarity for potential farm-in partners," Bahamas Petroleum said in a statement. [ID:nRS2N8SdN] A farm-out is when a company sells an interest in an asset to a third party.

The company had its oil drilling permits renewed by the government in September, ending months of speculation that they would not be extended.

At the time, the company said drilling a well would depend on the outcome of the referendum as a result of which it would not be required to drill a well before April 2013. [ID:nL3E8KA20V]

(Reporting by Abhishek Takle in Bangalore; Editing by Maju Samuel) ((abhishek.takle@thomsonreuters.com)(within UK +44 20 7542 1810)(outside UK +91 80 4135 6102)(Reuters Messaging: abhishek.takle.thomsonreuters.com@reuters.net)

Keywords: BAHAMASPETROLEUM/

Decided to take profit and out at 6.7p for now.,.

For better or for worse I'm staying in.
2517

Me too, for now!

It's not dead yet! The Bahamian government are such a bunch of cowards! Time they woke up, however there is at least one eye beginning to flicker open! Mind you, if you can't laze around wasting time in the Bahamas where else can you?! :o)

A good rise over the last month and then normal service is resumed as it returns all of those gains and more this morning.

SP firming in recent days, let's hope it can continue.
2517

Healthy rise this morning yet again.
Long may it continue as I have held these for a long time and most of it under water!
Now in a healthy position (for now)!
TT

Up more than 50% in a fortnight with no news. I've had a core holding in BPC for a long time, and also traded them a couple of years ago when in the low 20's and high teens, be nice to re-visit those prices.
2517

Well that didn't last long.
2517

EASY up EASY down, was the say for today

MMS game most likely, adding stock on the buying side of the order book and then taking them away when it reach the top

2517
Not too worried as I sold my holding at just over 6.5p as the rise looked too much.
Ready to buy back in now!
TT

Well done TT, I sat on my hands, this is longer term greater reward for me, he says hopefully. Drilling in 2014.
2517

WATCH: BPC Oilbarrel Presentation

Click here to watch

What a hike just because of board changes. I suppose someone has made a lot of dosh.

The board changes, on the face of it appear to be a really good fit for BPC, it also indicates that BPC are not the doomed co. the sp drift of late, was signalling.
2517

Yes but why such a big hike?

Can't understand the 4.93 price jump. Any info folks?