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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These could be worth between 200p and 400p in 2 years.

I might not last that long.....can you make it quicker.,.

I think you can Balerboy just imagine sitting on the beach in the Bahamas sipping your 7 th Pina Colada..

I think the term 'hugely speculative' is entirely appropriate for BPC.

Figures are being plucked out of thin air, without very much to support the argument.

Granted the CEO has the 'Midas' touch but that doesn't mean BPC will be a success.

All based on 2D seismic rather than 3D.

Oil gets washed up on the shore and that's used to support the argument of oil in them thar hills? Blimey, it could have come from anywhere.

One billion shares in issue and a Mkt Cap of 140m for five licenses in an area where no oil has been found?

SP risen ten fold in less than a year?

Having said all that, good luck to those who are taking the risk now, I guess it could pay huge dividends in a few years, but it's a company with nothing but licenses and 2D right now.

Difficult one to guess......have to say that this to me is the golden age for aim oil and mining stocks....and I think that a new golden age for tech stocks is perhaps just around the corner.....

Can't disagree with you there RF, but in the same manner as the dotcom boom, so many small outfits have stupid valuations, yet keep going up. Ride the wave and try to get off at the right moment, no point in sitting back, doing nothing, waiting for sense to prevail, cos it may never do so!

Sorry..but snese ?..the thing with the mining stocks is that China and India are desperate for raw materials....and mines with drilling evaluations going on can rise in value very rapidly.....

Siptutug

Talk on another board of a 700p share price within the next 12 months..

I'm very bullish on BPC but that's beyond my guestimate.
2517

I find it difficult to believ George a sp of 750p in 12 months apparently .. that could explain th recent rise.

I cant get believing.

If I was a holder,(and I wish I was as was first aware of them in March, but didn't buy in, for simple reason it's all speculation) I'd be taking my profit now, that chart looks' bloody scary to me. I might be tempted when they get back to 7p.

I fear this might have run its course.....125 million plus based on what ?....not much....when it pulls back...it will be sharp...perhaps all the way back to 11 or 12p.....

Of course its wise to take profits I'm up 200% in a year but GS are predicting much bigger gains for those long term holders.

20p tomorrow.

Mitzy...you have to take profits now and again.....and then buy back again.....a bit later.....best way of maximising profits....

Reaching yesterday's high earlier on

BPC 15.67 +0.92 +6.20%

I cannot quite believe this banana republic share.....145 million cap....not in but I fear shorters will kick in here...

Wishful thinking rf? I thought you were back onboard (post 227)
2517

In and out with my sipp.....

I'm buying more.