Directorate Change

RNS Number : 3863P

Bahamas Petroleum Company PLC

03 October 2011

 



3 October 2011

Bahamas Petroleum Company plc

("Bahamas Petroleum" or the "Company")

Directorate Change

Bahamas Petroleum, the oil and gas exploration company with offshore license permits in The Commonwealth of The Bahamas, announces that Adrian Collins has been appointed to the Board as Non-Executive Chairman with immediate effect.

Adrian (aged 57) is currently Executive Chairman of Liontrust Asset Management PLC, a position he assumed in 2010, having first joined the Board in June 2009 as a Non-Executive Director.  He is also a Non-Executive Director of City Natural Resources High Yield Trust Plc and New City High Yield Fund Ltd.  A comprehensive list of directorships may be found below.

Alan Burns, President, said: 

"The Board feels much has been accomplished in establishing and funding the Company and by defining the initial work programs that have significantly reduced many aspects of risk associated with the exploration of a new hydrocarbon province. It is with great anticipation that we see the Company positioning itself for future growth in capacity and capability and the expansion in compliance and assurance this activity demands. The Board believes that Adrian's experience and skills complement well those of the new CEO, Simon Potter, and that together they will create a strong foundation of mutual support and challenge from which, it is confident, future success will be derived."

Adrian Collins, Non- Executive Chairman, said:

"I am delighted to be joining Bahamas Petroleum at such an exciting time in the Company's development.  I look forward to working with the new Chief Executive Simon Potter, the Board and management as the Company continues to mature it's plans to further evaluate the huge potential of its licence portfolio through drilling."

- Ends -

For further information, please contact:

Bahamas Petroleum Company plc Adrian Collins, Non-Executive Chairman	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell	Tel: [phone]
FTI Consulting Billy Clegg / Ed Westropp / Alex Beagley	Tel: [phone]
Canaccord Genuity Limited - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor	Tel: [phone]
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith	Tel: [phone]
Novus Capital Markets Ltd - Joint broker Nicholas Lee	Tel: [phone]

The following information in respect of Mr Collins is provided pursuant to paragraph (g) Schedule Two of the AIM rules:

Adrian John Reginald Collins (aged 57):

Current Directorships                                                          

City Natural Resources High Yield Trust Plc

Colombo Commercial Co. (Produce) Ltd

DouglasBay Capital Plc

Fincorp International Ltd

Liontrust Asset Management Plc

LTC Holdings Plc

Mentum

New City High Yield Fund Ltd

The Sri Lanka Fund Ltd

Tri-Star Resources Plc

Past Directorships (last 5 years)

Bestinvest (Brokers) Ltd

Bluewater Bio International

Campden Partners Ltd

Corvus Capital Inc

Deutsche Land Plc

H.I.M. Capital Holdings Ltd

Hiscox Investment Management Ltd

Midas Capital Plc

Midas Capital Partners Ltd

New City High Yield Trust Plc

Nuwara Eliya (Holdings) Ltd

Nuwara Eliya Tea Estates Co. Ltd

Raven Russia Ltd

Strand Partners Ltd

Smash & Grab Glass Recycling Ltd

Windsor Plc

There is nothing to be announced pursuant to paragraph 2 (g) (iii) - (viii) of Schedule 2 of the AIM Rules

 

END

 

 

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