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TIDMBPC
RNS Number : 8165B
Bahamas Petroleum Company PLC
23 April 2012
23 April 2012
Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")
License Update
The Company confirms that its petroleum exploration licenses state that; "where the licensee applies for renewal and has complied with the Act, Regulations and the terms and conditions contained in this license, the Governor-General shall renew this License for a further period of three (3) years."
Bahamas Petroleum Company believes it has significantly exceeded all license commitments and obligations with cumulative expenditure in excess of $50 million.
The Company is already working to fulfill the increased requirements of this next three-year phase.
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For further information, please contact:
Bahamas Petroleum Company plc
Simon Potter, Chief Executive Officer Tel: +44 (0) 01624 647883
Strand Hanson Limited - Nomad
Rory Murphy / Liam Buswell Tel: +44 (0) 20 7409
3494
FTI Consulting
Billy Clegg / Ed Westropp / Alex Tel: +44 (0) 20 7831
Beagley 3113
This information is provided by RNS
The company news service from the London Stock Exchange
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