Update on Court Process in The Bahamas

RNS Number : 7757Q

Bahamas Petroleum Company PLC

02 March 2021

 

2 March 2021

Bahamas Petroleum Company plc

("BPC" or the "Company")

Update on Court Process in The Bahamas

Further to BPC's previous announcements in relation to the Court process in the Bahamas, on 1 March 2021 the Honourable Justice Petra Hanna-Weekes allowed the Company's application and ordered the Applicants to post $200,000 security for costs within 30 days, pending which the proceedings will be stayed. 

The Company will provide further updates as appropriate.

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

For further information, please contact:

Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / James Spinney / Jack Botros	Tel: [phone]
Shore Capital Stockbrokers Limited - Joint Broker Jerry Keen / Toby Gibbs	Tel: [phone]
Investec Bank Plc - Joint Broker Chris Sim / Rahul Sharma	Tel: [phone]
CAMARCO Billy Clegg / James Crothers / Hugo Liddy	Tel: [phone]

Notes to editors

BPC is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located offshore in the waters of The Bahamas and Uruguay, and onshore in Trinidad and Tobago, and Suriname. In Trinidad and Tobago, BPC has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, BPC has on onshore appraisal / development project. BPC's exploration licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.

BPC is listed on the AIM market of the London Stock Exchange.   www.bpcplc.com

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