License Update

RNS Number : 8165B

Bahamas Petroleum Company PLC

23 April 2012

 



23 April 2012

Bahamas Petroleum Company plc

("Bahamas Petroleum" or the "Company")

License Update

The Company confirms that its petroleum exploration licenses state that; "where the licensee applies for renewal and has complied with the Act, Regulations and the terms and conditions contained in this license, the Governor-General shall renew this License for a further period of three (3) years."

Bahamas Petroleum Company believes it has significantly exceeded all license commitments and obligations with cumulative expenditure in excess of $50 million.

The Company is already working to fulfill the increased requirements of this next three-year phase.

- Ends -

For further information, please contact:

Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell	Tel: [phone]
FTI Consulting Billy Clegg / Ed Westropp / Alex Beagley	Tel: [phone]

 

END

 

 

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