From all the negative 5p wont happen10 Jul 2020 21:03
This board is turning into a complete torrent of negativity - from all the posts it seems not even 5p will have again which is where we were before the Saffron drill, of which this was successful. Wait till the merger and near the spud of Perservance 1 I think we will be on the other side of 5p. Hopefully nice price by the winter holidays. Any ideas of a winter holiday price?
Fuss09 - when it flies it will be above 5p in no time as this is where we weere before Saffron and all the other good news - looking forward to the rest of the year and going to be a very nice end to year.
Bahamas Petroleum Company (LON:BPC) is in the final stages of completing the funding necessary to drill its inaugural exploration well (Perseverance-01) offshore Bahamas, which it expects to spud in the second quarter of 2020. The current valuation is inline with its peers, but with an estimated 1,030mln barrels of Prospective Resources (UBEST) targeted by its first well, a successful discovery will see the potential to see fair value rise to $1,014mm (36p/share), over 10x the current share price.