27 January 2011
Bahamas Petroleum Company PLC
("Bahamas Petroleum" or the "Company")
Director's Dealing
The Company has been informed that Alan Burns, Non-Executive Chairman of the Company, yesterday disposed of 6,000,000, ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal") at a price of 16.996 pence per Ordinary Share.
Following the Disposal, Mr Burns is now interested in 20,164,989 Ordinary Shares, representing 2.04 per cent. of the Company's issued share capital.
Alan Burns, Non-Executive Chairman, said: "As with my previous disposals this month, this sale of ordinary shares has been made in light of my personal circumstances."
Ends
Enquiries:
Bahamas Petroleum Company PLC Alan Burns, Non-Executive Chairman Dr Paul Crevello, CEO
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Tel: +44 (0) 1624 64 1199
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Strand Hanson Limited Rory Murphy / Liam Buswell
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Tel: +44 (0) 20 7409 3494 |
Novus Capital Markets Ltd Charles Goodfellow
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Tel: +44 (0) 20 7107 1881 |
FirstEnergy Capital LLP Hugh Sanderson / Derek Smith
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Tel: +44 (0) 20 7448 0200 |
Financial Dynamics Billy Clegg / Ed Westropp |
Tel: +44 (0) 20 7831 3113 |