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viewChallenger Energy Group PLC
(
AIM:CEG
)

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: Challenger Energy Group PLC

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AIM:CEG

Price: 1.323 GBX

Market Cap: £10.54 m

What's in the report?

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

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