Directorate Change

RNS Number : 4106A

Bahamas Petroleum Company PLC

01 February 2011

 



1 February 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Directorate Change

Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, is pleased to announce the appointment of Edward Shallcross to the board of the Company (the "Board"), as a Non-Executive Director, with immediate effect.

Mr. Shallcross has over 40 years of experience in the financial sector, predominantly at Barclays Bank plc, where he worked from 1960 until his retirement in 1998, at which point he held the role of Isle of Man Director and Senior Executive Director of the bank.  Since then, Mr. Shallcross has held a number of non-executive directorships including Trident On Line Gaming PLC, Murray & Roberts Group Limited and a number of AXA and Barclays related Isle of Man entities.  Mr. Shallcross is a Fellow of the Chartered Institute of Bankers.

Bahamas Petroleum's CEO, Dr Paul Crevello, commented: 

"I would like to welcome Edward to the Board and believe he will provide valuable assistance to the Company, particularly in view of his extensive expertise in the financial sector and his PLC board experience."

The following information is provided in accordance with paragraph (g) of Schedule Two of the AIM Rules for Companies.

Edward Shallcross, aged 70, is a director or partner or has been a director or partner of the following entities during the previous five years:

Current directorships or partnerships	Past directorships or partnerships held within the last five years
The United Kingdom Defence Insurance Association (Isle of Man) Limited AXA Isle of Man Limited AXA Isle of Man Administration Limited AXA Isle of Man Insurance Management Limited		Standard Manx Holdings Limited Standard Bank IOM Limited Standard Bank Trust Co IOM Limited Standard Bank Stockbrokers IOM Limited0 Triskelian Trust Co IOM Limited Standard Manx Holdings Limited Standard Bank IOM Limited Murray and Roberts Group Limited Trident On Line Gaming PLC Skyward Limited Totem Financial Limited

There is no further information that is required to be disclosed pursuant to paragraph 9 (g) of Schedule Two of the AIM Rules for Companies in relation to Edward Shallcross.

- Ends -

For further information, please contact:

Bahamas Petroleum Company PLC Alan Burns, Chairman Dr Paul Crevello, Chief Executive Officer	Tel: [phone] Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell	Tel: [phone]
Novus Capital Markets Ltd - Joint broker Charles Goodfellow	Tel: [phone]
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith	Tel: [phone]
Canaccord Genuity - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor	Tel: [phone]
Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley	Tel: [phone]

 

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