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BPC

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

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?

By Tom Winnifrith, The Sheriff of AIM | Published 2021-05-13 14:08:17 |

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

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.

By Tom Winnifrith, The Sheriff of AIM | Published 2021-04-23 12:52:17 |

Bahamas Petroleum (#BPC) – changes including proposed £6.9m open offer at 0.35p per share

2021-04-23 07:59:45

Bahamas Petroleum (#BPC) – “Corporate and Strategic Update” spin following drilling disappointment

2021-02-16 07:55:20

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

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.

By Tom Winnifrith | Published 2021-02-08 10:16:49 |

Bahamas Petroleum (#BPC) – Perseverance #1 well “volumes of oil encountered are not commercial”

2021-02-08 07:58:59

Bahamas Petroleum (#BPC) – having joined on merger with Columbus Energy, Leo Koot resigns “for personal reasons”

2021-01-25 07:52:49

Bahamas Petroleum (#BPC) – added as a primary respondent to the application brought by environmental groups

2021-01-25 07:49:52

Bahamas Petroleum (#BPC) – put option exercised to raise further £3.75m at 2p per share

2021-01-12 07:58:59

Bahamas Petroleum (#BPC) – operations & funding update, including £3m convertible loan notes drawdown

2021-01-07 07:57:08

Bahamas Petroleum (#BPC) – no order that affects current operations but an application granted to seek leave to bring judicial review proceedings re. the company’s licences

2021-01-06 07:57:56

Bahamas Petroleum (#BPC) – Supreme Court of The Bahamas hearing held, not currently indicated a date for when any further ruling will be provided

2020-12-31 07:53:17

Bahamas Petroleum (#BPC) – Supreme Court of The Bahamas hearing delayed to today, “will provide a further update following the hearing”

2020-12-30 07:45:58

Bahamas Petroleum (#BPC) – oral hearing of a renewed Judicial Review application scheduled for today, “will provide a further update following the Court hearing”

2020-12-29 07:54:59

Bahamas Petroleum (#BPC) – commencement of Perseverance #1 well drilling, anticipated to take 45-60 days to complete

2020-12-21 07:59:20

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

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

By Tom Winnifrith, The Sheriff of AIM | Published 2020-12-16 14:17:05 |

Bahamas Petroleum (#BPC) – reckons “wishes to advise” of additional details of funding agreements… following @TomWinnifrith bombshell expose!

2020-12-16 07:59:58

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

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?.

By Tom Winnifrith, The Sheriff of AIM | Published 2020-12-14 12:02:26 |

Bahamas Petroleum (#BPC) – $10m funding at 2p per share, options for a further $10m

2020-12-14 07:57:03

Bahamas Petroleum (#BPC) – notes application for leave to apply for a judicial review of Environmental Authorisation, understands Bahamas government will oppose the application

2020-12-10 07:45:53

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Recent Comments

WELL INFORMED7 Oct 2026

Thinking of Israel and the awful events of October 7 2023. May their innocent souls rest in eternal peace.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

MICHAEL MCKENNA7 Oct 2026

I'm up 14.4% in two months. Looking solid with the strong possibility of jam tomorrow.

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MICHAEL MCKENNA7 Oct 2026

Ironically it is Farage's Brexit that opened the floodgates to small boats. The UK was bound by the Dublin Convention until we left it in 2020 as a result of Brexit. In 'taking back control' we ended up where we are now. I have a feeling that the next general election will be heavily influenced by a campaign to rejoin the EU, the elephant in the room.

Tom Winnifrith Bearcast No 2: It’s October 7 tomorrow and Britain sickens me again & why there is no Kenmare read across

COLINS27 Oct 2026

:-)

EXPOSE: Avacta Placing – the truth behind Project Hawkeye

TOM7 Oct 2026

got the pricing from AI, v much doubt there are any high class UYLs operating in Wrexham

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COLINS27 Oct 2026

You seem to know an awful lot about the pricing of Ukrainian young ladies.......The subject comes up more and more these days, is it 'book early' and avoid the Xmas rush?

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KUSSSB7 Oct 2026

Held since 91p, added @ 109. Very positive cast Tom, gold prospects, story changes weekly, you cannot ramp that.A good win for Evil, enjoy dinner with wife!

Tom Winnifrith Bearcast No 1: Amaroq day

PHIL55666 Oct 2026

As 19,451potential terrorist invade this country, it is OK that is down 40% on last year.The police turn up and escort them to their 3 star hotels with 3 meals a day some pocket money and lawyers and doctors and dentists.I have not looked but imagine their is not a Jew amongst them.Probably very few christians.Though more Muslims to vote Green and Labour and join protests.The police can do nothing but turn a blind eye to the grooming and rape gangs and protests.If you are white and you throw a plastic bottle at the police you can expect 2 years within days of the incident.Such is the UK, the political elite are building.

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PHIL55666 Oct 2026

My 2000 AMRQ is not enough to compensate for my 2,000,000 KEFI. Though I am glad I bought some AMRQ.I like dividends, so look forward to even a small payment in the near future.

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TOM6 Oct 2026

My answer is that it is not necessary to consider hypothetical questions merely to know a little history. But folks on the left rarely know history other than the history of colonialism and white oppression learned in Black History Month.The Roman Empire did not borrow money, for a while it engaged in fiscal prudence spending what it could raise via taxes both on its own lands and on those that it colonised.But the demand for panes et circuses grew, the ancient equivalent of the welfare state and the BBC and worse still the costs of supporting a bloated military grew and eventually Rome engaged in MMT, it printed money or rather cut and cut the amount of silver in each coin. It worked for a while but then as folks realised that more coins chasing the same amount of hard assets caused inflation. And that caused societal breakdown as inflation always does as the gap between those with hard assets and wage power and those without grew. As always happens that leads to civil war and or societal breakdown ( see Weimar, 1600s England, etc).Inflation encouraged speculation rather than investment and distorted any idea of making a return on capital via hard work and so the economy floundered. Economic weakness and societal breakdown destroyed the Roman EmpireThat Lucian is why MMT is not just a duff theory but it is something that is proven not to work.

Win a bottle of champagne from Lucian Miers MMT contest