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Is the Bahamas Petroleum open offer floundering? – last gasp director spoof

2021-05-13 14:08:17

After years of executive greed and value destruction, Bahamas Petroleum (BPC) tried one last roll of the dice on April 23 with an open offer at just 0.35p but I wonder whether there are growing signs that this is failing?


Bahamas Petroleum – Millionaire Boss Simon Potter shunted upstairs as shareholders kicked in gonads yet again

2021-04-23 12:52:17

On 17 September 2011, it was announced that Simon "Harry" Potter was to become CEO of Bahamas Petroleum (BPC) with the shares ending that day at c9.3p. Last year, Potter trousered £375,000 as CEO so it is fair to say that his nine and a half year gig has cemented his position as a millionaire. But what of those dirty grubby peasants the shareholders? How have the hoi poloi prospered? Over the years, I have repeatedly warned about the ramping of the shares, the extremely suspect financing arrangements and Harry - watch me make your ISA disappear, its magic - Potter’s ample rewards for failure.


More vindication after 5 years: Bahamas Petroleum shares crash – Simon Potter is a rotter

2021-02-08 10:16:49

For years, AIM sewer listed Bahamas Petroleum (BPC) has spun the line that all it needed was a farm in partner to unlock massive potential for oil in the Bahamas. For years I have called out CEO Simon “Harry” Potter as a useless and grossly overpaid promoter who should be fired – here is a piece from 2015. And warned that this stock was just not investment grade - you can see a series of exposes and scoops HERE.  Sadly, Potter was not fired in 2015 and today – with him having hauled out well over £5 million in compensation – since his 2011 appointment when the spoof started, the house of cards has collapsed. It will get worse.


A partial ‘fess from Bahamas Petroleum but it is still breaking the law in the Isle of Man

2020-12-16 14:17:05

Following Monday’s bombshell expose on this site about a $20 million funding which clearly breaches Isle of Man Companies Law, Bahamas Petroleum (BPC) has today been forced into a partial ‘fess but still plans to go ahead with the illegal funding


BREAKING BOMBSHELL EXPOSE: Is Bahamas Petroleum $20m disguised death spiral placing today ILLEGAL?

2020-12-14 12:02:26

As a loyal former citizen of the Isle of Man I feel that it is my duty to go to my good friends at its Financial Services Authority on Bucks Hill in Douglas to dob in Bahamas Petroleum (BPC) for apparently breaking the law with its disguised death spiral placing announced today. Crime should not pay. Have they abolished birching for naughty Nomads on the island yet?.


Now is the time to take a speculative position in Bahamas Petroleum, given the upside potential on drilling success

2020-10-03 15:10:23

It has been some time since there has been a really big exploration drill for an AIM listed company, but that is exactly what should be coming soon for Bahamas Petroleum (BPC).


Bahamas Petroleum gushes 100% Corona-bollocks – sell

2020-03-13 10:44:44

Two pulled placings, awful userous death spiral financing, ramping a plenty and a crazy valuation – everything tells you that Bahamas Petroleum (BPC) was a stonking short. And now it has announced a delay to drilling of the Perseverance #1 well in the Bahamas citing the Coronavirus as its excuse. What total bollocks.


Exclusive Breaking News: Bahamas Petroleum tries £10 million placing, flops and is now pulled

2020-02-05 08:12:00

On January 6 Bahamas Petroleum (BPC) announced that it was raising £2 million at 2p from a Bahamas based fund. On January 30th it issued a ramptastic roadmap to drilling RNS and the shares rocketed. What more did oily spiv Jerry Keen and his colleagues at broker Shore Cap need to whir into action.


Bahamas Petroleum - £7 million open offer: one to pass

2019-10-10 14:41:59

And so the saga continues. Bahamas Petroleum (BPC) having failed to get institutional backing for a placing at 1p to raise $20-25 million is now heading back to its existing shareholders with a £7 million open offer at 2p. You’d be mad to take it and here is why.


Bahamas Placing pulled as it fails to raise $25m & the excuses are outright lies

2019-10-03 08:41:32

In scoop after scoop this week starting HERE and ending HERE I detailed how Bahamas Petroleum (BPC) was trying to raise $25 million, first at 1.4p, then at 1.2p and finally at 1p. Those who signed up at 1p were told it would be announced Wednesday then today. In fact it has been pulled as the company could not, even at 1p, get close to $25 million. But today Bahamas has quite simply LIED.


EXCLUSIVE: I’m 100% vindicated (yet again) Bahamas Petroleum to announce placing Wednesday at just 1p

2019-10-01 19:29:51

On Monday I revealed HERE that Bahamas Petroleum (BPC) was trying to raise $25 million and had already had to cut the price from 1.4p to 1.2p. Bahamas tried to deny there was a placing afoot via RNS but I published an email in response calling that out as a GREAT BIG FUCKING LIE HERE. Oh dear, it seems that things have gone from bad to worse.


Winnileaks Exclusive: Bahamas Petroleum responds to ShareProphets & dissembles

2019-09-30 14:57:33

Earlier today I revealed that Bahamas Petroleum (BPC) was trying to raise $25 million. It could not do it at 1.4p so is now trying at 1.2p and that it has had to rope in bucket shop brokers such as Novum and Cornhill shows that it is struggling. The company has responded but, thanks to Winnileaks, it has dissembled as I demonstrate  with an email that has fallen into my hands as you can see below.


SCOOP: Bahamas Petroleum - $25 million placing ahoy, at 1.2p!

2019-09-30 09:31:07

I now have it double sourced that Bahamas Petroleum (BPC) is struggling to get away a placing to raise $25 million. At 1.875p the market cap is £29 million.


Bahamas Petroleum is still a long way from securing the funding that it needs to drill - sell!

2019-09-03 08:09:15

The share price of Bahamas Petroleum (BPC) almost doubled following an announcement of progress on its ambitions to drill an exploration well next year, but is such a big rise really justified? Today there is a further ramptastic "technical update", world class prospect, yadda, yadda, yadda.


Bahamas Petroleum – even with today's scumbag placing is time running out asks top oil analyst

2019-03-15 05:30:17

I have not minced my words with regards to today’s shocking pump and dump by Bahamas Petroleum (BPC) as you can see here. But the City’s No 1 oil analyst, Zac Phillips of SP Angel worries that Bahamas may not be out of the woods yet although its assets look good. The great man wrote to his clients today to say:


Bahamas Petroleum Pump & Dump – I do hope shareholders were lubed up, this will hurt

2019-03-15 01:59:13

A month ago shares in cash strapped Bahamas Petroleum (BPC) traded at 1.2p which was probably generous. for this company has struggled for years to secure the farm in partner it needs to drill its acreage in the Caribbean. But then things started to happen.


Bahamas Petroleum is screwed unless it can conclude a farm-out

2018-08-25 12:03:25

When Bahamas Petroleum (BPC) announced a confidentiality exclusivity agreement back in May I expressed scepticism as to whether that would actually result in any sort of farm-out deal ultimately being concluded.


Bahamas Petroleum news doesn't justify a £30 million increase in the value of the company

2018-05-09 00:43:11

There is no denying that the news released by Bahamas Petroleum (BPC) last week was positive, but in no way does it justify the £30 million increase in market cap that has occurred since then.


Zak Mir's Bull Call Of The Day: Bahamas Petroleum: 3.5p Price Channel Resistance

2015-07-17 00:22:36

Given the share price level of being one of the more modest of the penny stock brigade, it could be said quite fairly that Bahamas Petroleum very much fits the bill of being a Bulletin Board Hero, and therefore a stock which is usually covered here on Shareprophets in video form. 


Bahamas Petroleum – I urge shareholders to give CEO Simon “Harry” Potter the order of the boot next week

2015-07-15 06:55:41

Once every three years, the long suffering shareholders in AIM casino listed Bahamas Petroleum (BPC) get the chance to get rid of CEO Simon “Harry” Potter – the next chance is next week and this is why I urge all investors to send Harry packing. 


Zak Mir's Great Request Show: Bahamas Petroleum, Coal of Africa, Supergroup

2015-05-27 00:40:58

If you want me to analyse a stock for you just drop me a line at - Today I look at Bahamas Petroleum, Coal of Africa, and Supergroup.


Bahamas Petroleum - expect a lower price

2014-05-06 06:39:34

Anyone lucky enough to have made a profit off of the recent rise in Bahamas Petroleum (BPC) would be well-advised to consider banking it.


Bahamas Petroleum (BPC): Clear Sub 4p Bear Trap

2013-06-11 07:21:21

It is quite a conundrum we have here at Bahamas Petroleum in the sense that on the face of it the post-March price action on the daily chart was that of a gap fill bull trap reversal through the 200 day moving average and as high as 7.5p plus. Such a negative signal is not one you would normally be thinking of bottom fishing even a couple of months later.

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