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

Number of people who have visited this thread    

Blimey! I last posted here in 2013 and still holding, in hope and expectation

I'm holding in hope and exasperation!😃

The oil is there, rns out. We may make something from BPC yet Kim

I might start believing in Santa again George!😃

Hello something afoot, I hope so sp up 62%

Try this:
https://www.bnamericas.com/en/news/oilandgas/bahamas-approves-us5bn-oil-complex.

Thanks H much appreciated

It's about time something happened!

Thursday, 3 May 2018

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

Confidentiality and Exclusivity Agreement (the "Agreement")

Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, is pleased to announce that it has entered into a Confidentiality and Exclusivity Agreement with a major international oil company (the "Counterparty") to conclude a detailed technical evaluation of the Company's licences in The Bahamas, and at the same time seek to develop a commercial framework for a potential transaction.

Whilst to date the Company has been working with a number of major oil companies in conducting an evaluation of the Company's licences with a view to concluding a mutually beneficial commercial transaction, under the terms of this Agreement, the Company and the Counterparty will now work exclusively together for at least the next three months. The Company will receive a non-refundable cash payment of US$250,000 per month (US$750,000 in aggregate) for the initial three-month period of exclusivity with an additional US$250,000 per month for any extended period of exclusivity, such extension at the option of the Counterparty, up to a maximum of a further three months. These amounts will be reflected in BPC's income statement as and when received. Unless and until a definitive farm-in or other commercial arrangement is agreed with the Counterparty, its identity will remain confidential. Given the exclusivity arrangements provided for in the Agreement, discussions and negotiations with other potential partners have been suspended for the time being.

It is noted that despite entry into the Agreement, no assurance can be provided that a commercial transaction will ultimately be concluded with the Counterparty, or on what terms, or in what timeframe. The Company will provide further updates as required.

Simon Potter, Chief Executive Officer of Bahamas Petroleum Company, said:

"The decision to enter into an exclusivity agreement with a reputable international industry operator is a significant step in our ongoing process to secure a partner for our highly prospective assets in The Bahamas. We look forward to working closely with the Counterparty over the coming months, and we will update the market of any material developments as and when appropriate."

Whether or not this share will ever be a good one at least the chart looks good today!

Superb chart.

8th June Broker Note for BPC


https://we.tl/UYpZJGIaG0


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