Operational Update

RNS Number : 4254O
BPC Plc
29 June 2010
 



29 June 2010

 

 

BPC Plc

("BPC" or the "Company")

 

Operational Update

 

 

BPC announces that a new, high specification, preliminary seismic survey has been conducted by BPC over a portion of its southern 100% owned licences in the Bahamas adjacent to Cuba. Dr Paul Crevello, BPC's COO, was on board the vessel during the survey and confirms the data retrieved is of high quality and is now being processed in North America.

 

The survey involved four lines of seismic totaling 194 kilometres with the following objectives:

 

1.  Providing better definition on the inventory of leads in BPC's southern blocks, in water depths ranging from 240 metres to a maximum of 540 metres, which have previously been confirmed by independent reports.

2.  Extending BPC's comprehensive technical data set and understanding of the petroleum system of the region.

 

The results will be announced in due course.

 

 

Enquiries:

 

BPC Plc

Alan Burns, Chairman and CEO

Dr Paul Crevello, Chief Operating Officer 

 

 

Tel: +44 (0) 1624 641199

Tel: +1 720 771 7583

Strand Hanson Limited

Rory Murphy / Liam Buswell

 

 

Tel: +44 (0) 20 7409 3494

Novus Capital Markets Ltd

Charles Goodfellow / David Rae

 

 

Tel: +44 (0) 20 7107 1872

FirstEnergy Capital LLP

Richard Hail / Derek Smith

 

 

Tel: +44 (0) 20 7448 0200

Financial Dynamics

Billy Clegg / Ed Westropp

 

Tel: +44 (0) 20 7831 3113

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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