logo-loader
viewBahamas Petroleum Company PLC

Bahamas Petroleum Company - Countdown has begun

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.

 

Quick facts: Bahamas Petroleum Company PLC

Price: 3.7475 GBX

LSE:BPC
Market: LSE
Market Cap: £81.12 m
Follow

What's in the report?

Financial results and forecasts
Growth drivers
Management
Market conditions
Milestones & inflection points

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Bahamas Petroleum Company PLC named herein, including the promotion by the Company of Bahamas Petroleum Company PLC in any Content on the Site,...

FOR OUR FULL DISCLAIMER CLICK HERE

LEGAL NOTICE – IMPORTANT – PLEASE READ:

Proactive Research is a trading name of Proactive Investors Limited which is regulated and authorised by the Financial Conduct Authority (FCA) under firm registration...

FOR OUR FULL DISCLAIMER CLICK HERE

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

Watch

Bahamas Petroleum's Simon Potter hails environmental go-ahead for...

Bahamas Petroleum Company PLC's (LON:BPC) Simon Potter speaks to Proactive London's Andrew Scott following the news they've secured environmental authorisation for the Perseverance-1 well, which is expected to spud in April 2020. BPC can now advance its preparations for Perseverance-1 which...

18 hours, 31 minutes ago

27 min read