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Bahamas Petroleum in 'giant' discovery

Fri, 18th Feb 2011 12:57

Shares in Bahamas Petroleum jumped 15% after surveys confirmed evidence of numerous structures "significantly larger than previously expected" in offshore licenses at the Bahamian fold belt.The results "provide evidence of 'giant' size structures in the southern licences...capable of holding several hundred million barrels of oil," the statement said."These structures are exceptional in the size and extent of the 4-way closure, indeed I am not aware of any anticlines of this size in the Gulf of Mexico - Caribbean region. We look forward to testing these structures with the drill bit to determine if hydrocarbons are present," said non-executive chairman Alan Burns.The group notes that these results are preliminary and the full 'pre-stack time migration' processing of the 2011 2D seismic data is due for completion by April.
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9 Oct 2014 13:52

Bahamas Petroleum welcomes new exploration regime

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Five BT board members last week each acquired 486 shares under its Equiniti share plan, it was announced Monday. Those purchasing shares included Chairman Sir Michael Rake and Chief Executive Officer Gavin Patterson. All of the shares were bought for 370.25p each. The announcement comes one day

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20 May 2014 13:26

CORRECT: DIRECTOR DEALINGS: Bahamas Petroleum CEO, Chairman Buy

(Correcting current share price.) LONDON (Alliance News) - Bahamas Petroleum Company PLC Tuesday said Chief Executive Officer Simon Potter bought 1 million shares at a price of 3.72 pence per share. Following this transaction, Potter now holds 2 million shares, which represents 0.16%

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