Bahamas Petroleum Company (BPC LN)C; Target: 6.7p: Exploration well spudded in the Bahamas - Drilling of the Perseverance #1 well has commenced. The well is anticipated to take 45 - 60 days to complete. Perseverance #1 is targeting P50 prospective oil resources of 0.77 bnbbl, with an upside of 1.44 bnbbl. Our unriksed NAV for the well is 15.3p per share (ReNAV of 3.8p per share) assuming 0.77 bnbbl. These numbers also assume that BPC retains only 25% of the value of the discovery – retention of ....
23 Dec 2020
Auctus on Friday - 23/12/2020
Savannah Energy Plc (SAVE:LON), 26.4 | VAALCO Energy, Inc. (EGY:NYS), 0 | ConocoPhillips (COP:NYS), 0 | Challenger Energy Group PLC (CEG:LON), 0.2 | ADX Energy Ltd (ADX:ASX), 0 | Capricorn Energy PLC (CNE:LON), 165 | Parex Resources Inc. (PXT:TSE), 0 | Shell Plc (SHEL:LON), 2,852 | Serinus Energy plc (SENX:LON), 3.0
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Auctus on Friday - 23/12/2020
Savannah Energy Plc (SAVE:LON), 26.4 | VAALCO Energy, Inc. (EGY:NYS), 0 | ConocoPhillips (COP:NYS), 0 | Challenger Energy Group PLC (CEG:LON), 0.2 | ADX Energy Ltd (ADX:ASX), 0 | Capricorn Energy PLC (CNE:LON), 165 | Parex Resources Inc. (PXT:TSE), 0 | Shell Plc (SHEL:LON), 2,852 | Serinus Energy plc (SENX:LON), 3.0
- Published:
23 Dec 2020 -
Author:
Stephane Foucaud -
Pages:
4
Bahamas Petroleum Company (BPC LN)C; Target: 6.7p: Exploration well spudded in the Bahamas - Drilling of the Perseverance #1 well has commenced. The well is anticipated to take 45 - 60 days to complete. Perseverance #1 is targeting P50 prospective oil resources of 0.77 bnbbl, with an upside of 1.44 bnbbl. Our unriksed NAV for the well is 15.3p per share (ReNAV of 3.8p per share) assuming 0.77 bnbbl. These numbers also assume that BPC retains only 25% of the value of the discovery – retention of ....