Statement regarding Recent Share Price Movement

RNS Number : 1950U
Bahamas Petroleum Company PLC
10 July 2018
 

10 July 2018

 

Bahamas Petroleum Company plc

("BPC" or the "Company")

 

Statement regarding Recent Share Price Movement

 

Bahamas Petroleum Company plc, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas, notes the rise in its share price over recent days.

 

The Company can confirm the market is already in possession of pertinent information.

 

As previously announced, the Company is working exclusively with a major international oil company (the "Counterparty") to conclude a detailed technical evaluation of the Company's licences in The Bahamas, whilst also seeking to develop a commercial framework for a potential transaction. The Company confirms non-refundable cash payments have been received during this period consistent with the agreement with the Counterparty.

 

The Company will update the market of any material developments as and when appropriate.

 

 

Ends

 

For further information, please contact:

 

Bahamas Petroleum Company plc

Simon Potter, Chief Executive Officer

 

Tel: +44 (0) 1624 647 883

Strand Hanson Limited - Nomad

Rory Murphy / James Spinney

 

Tel: +44 (0) 20 7409 3494

Shore Capital Stockbrokers Limited

Jerry Keen / Toby Gibbs / James Thomas

Tel: +44 (0) 207 408 4090

CAMARCO

Billy Clegg / Gordon Poole / James Crothers

Tel: +44 (0) 20 3757 4983

 

Notes to editors:

 

Bahamas Petroleum Company is an oil and gas exploration company with 100% owned offshore licences exclusively focused on The Commonwealth of The Bahamas. The Company has significant prospective resources, which have been de-risked through both extensive 2D and 3D seismic. The Company is intent on delivering safe and environmentally responsible exploration.

 

www.bpcplc.com

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
STRKMGMNZGKGRZM
UK 100

Latest directors dealings