Change of Adviser

RNS Number : 1544A
Bahamas Petroleum Company PLC
27 January 2011
 



27 January 2011

 

 

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

 

Appointment of Joint Broker

 

Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, is pleased to announce that is has appointed Canaccord Genuity as joint broker to the Company, with immediate effect.  

 

 

Paul Crevello, Chief Executive of Bahamas Petroleum, said:

 

"We are delighted to welcome Canaccord Genuity to our advisory team, and we believe they will help us grow the business into its the next stage of development.

 

"The Board is also pleased with the performance of its existing brokers, Novus Capital Markets and First Energy Capital, and will be retaining both advisers to work in co-operation with Canaccord Genuity going forward."

 

American Depository Receipt Scheme

 

In addition, the Company announces that it has begun the process of listing its existing shares on the OTCQX exchange system, as Level 1 American Depository Receipts ("ADRs").  The completion of this arrangement will allow American retail investors access to the Company's existing shares, thereby expanding liquidity in the trading of the Company's shares.  It is anticipated that the ADR listing process will be completed in the coming weeks, and an appointment announcement will be made by the Company in due course.

 

- Ends -

 

For further information contact:

 

Bahamas Petroleum Company PLC

Alan Burns, Chairman

Dr Paul Crevello, Chief Executive Officer 

 

 

Tel: +44 (0) 1624 64 1199

Tel: +1 720 771 7583

Strand Hanson Limited - Nomad

Rory Murphy / Liam Buswell

 

 

Tel: +44 (0) 20 7409 3494

Novus Capital Markets Ltd - Joint broker

Charles Goodfellow

 

 

Tel: +44 (0) 20 7107 1881

FirstEnergy Capital LLP - Joint broker

Hugh Sanderson / Derek Smith

 

 

Tel: +44 (0) 20 7448 0200

Canaccord Genuity - Joint broker

Charles Berkeley / Henry Fitzgerald-O'Connor

 

Tel: +44 (0) 20 7050 6500

Financial Dynamics

Billy Clegg / Ed Westropp / Alex Beagley

 

Tel: +44 (0) 20 7831 3113

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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