Seabed Survey

RNS Number : 1389H

Bahamas Petroleum Company PLC

24 May 2011

 



24 May 2011

Bahamas Petroleum Company plc

("Bahamas Petroleum" or the "Company")

Seabed Survey

Bahamas Petroleum, the oil and gas exploration company with offshore licence permits in The Commonwealth of The Bahamas, announces that it has signed a contract with Fugro N.V. ("Fugro") to undertake a high resolution seabed survey on the Company's licence area. The survey will begin in early June; will take approximately six weeks to complete; and will also be used for the 3D seismic survey being undertaken by CGGVeritas.

Dr. Paul Crevello, CEO of Bahamas Petroleum, said:

"We are pleased to have signed this contract with Fugro and look forward to receiving the results of the seabed survey in due course, which will be applied towards the hydrocarbon seep detection and environmental assessment of the area. This is another important step in the Company's exploration programme."

For further information, please contact:

Bahamas Petroleum Company plc Dr Paul Crevello, Chief Executive Officer	Tel: [phone]
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell	Tel: [phone]
Financial Dynamics 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]

 

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