Member Info for Investinvalue

2.6p to buy and spread narrowed 2.5-2.6p

IN AUCTION CANT BUY

RNS being drafted?

currently nearly 11m

Agree...on RNS confirming this will smash 100m volume

Unable to buy as they are in talks with Major on first well. Makes perfect sense. The next RNS will clarify and as I say if they confirm what Bethel has said, this is 3-4p and moving up to previous highs! IMHO GLA

over 9million and still increasing!

8 million!! And still moving Jumped

However, Bethel said he is confident that this time the company will drill.

“I have been made aware that they have already commissioned and have an agreement with a major oil company,” Bethel said.

“I cannot say who, but I know who.

“I have every confidence that they will drill…”

2.66p and now flying!!!

RNS today IMHO. Keep refreshing Investegate and wait for confirmation by BPC of Bethels comments. However as soon as that drops as official from BPC this will be above 3-4p. I have topped up again. Speculate to accumulate!!

2.70p and flying...announcement today!! IMHO

How interesting (or not) that everyone of your posts is negative toward BPC? If you are not invested or think this is not progressing then move on. Ulterior motives here. Surely not shorting at sub 2p, so what is your agenda?

If you are looking for a low entry point then this is it...now before the range moves above 2p and then onto 3p...4p and news of farm in double figures.

It is huge news. Its in black and white and even after one of the majors finished negotiations last year they didn't have the BG fully backing BPC. This is now going ahead. The next news will be farm in news and this will be huge. Double figures on farm in RNS! At sub 2p this will make you wealthy ALL IMVHO of course! Strong Buy

The company said it is in discussions to enlist a farm-in partner to assist with the initial exploration.

So the interest is there and they are in discussions!! I wonder who with? Huge News!

https://www.bpcplc.com/wp-content/uploads/2017/06/bahamas_petroleum_company_plc_-_cpr_july_revision.pdf

Volume:
14,734,190

Farm out announcement for first well with major will be the next news!

Ray. This is no pump and dump. I have been here a long time. Read the RNS released last week.

Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas ("The Bahamas"), is pleased to announce that the Company has received formal notification from the Government of The Bahamas (the "Government") as to the term of the second exploration period of the Company's four southern licences in the territorial waters of The Bahamas ("Licences"), confirming that the (current) second exploration period of the licences is extended until 31 December 2020.

The notification received is in response to BPC's request for clarification from the Government as to the term, timing of, and work obligations pertaining to the Licences, in view of time disruptions outside of the control of the Company since 2015. The notification provides clarity and certainty to all parties as to the tenure of the licences.

The Company's obligation during this second exploration period is to safely implement an environmentally responsible exploratory well. At the conclusion of this period, based on the results of the initial exploration well and in accordance with the existing terms of the Licences and the pertaining regulations, the Company will have the option to apply for a production lease over all or part of the licence area, and / or extend the licences into a third exploration period and / or apply for an appraisal extension.

Farm in partners must be lining up and waiting for this news. They know that the prospect BPC have is huge.