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IN BRIEF: Bahamas Petroleum Secures GBP15 Million Of Potential Funding

Mon, 14th Dec 2020 20:39

Bahamas Petroleum Co PLC - Caribbean and Atlantic margin focused oil and gas company - Enters into agreements with unnamed European alternative asset manager to access gross funding of GBP15 million. BPC will immediately receive gross proceeds of GBP7.5 million through the issue of 375 million new ordinary shares at a price of 2.0 pence each. BPC also enters into an option agreement to raise up to a further GBP3.75 million from investor within 10 days after the spud of the Perseverance no. 1 well.

Current stock price: 2.64 pence

Year-to-date change: up 31%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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30 Sep 2010 11:28

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11 Jul 2010 23:20

PetroChina Exec: Would 'Welcome' Working Closer With BP -Report

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29 Jun 2010 12:40

BPC Conducts Bahamas Seismic Survey >BPC.LN

LONDON (Dow Jones)--BPC PLC (BPC.LN), an oil and gas company, said Tuesday that a new, high specification, preliminary seismic survey has been conducted over a portion of its southern 100% owned licenses in the Bahamas adjacent to Cuba. MAIN FACTS: -Paul Crevello, BPC's COO, was on board the

23 Jun 2010 10:02

HEARD ON THE STREET: BP's Need For An Orderly Asset Sale

By Matthew Curtin A DOW JONES COLUMN If you've got to flog $10 billion in upstream oil and gas assets, this isn't a bad time to do it. Demand for hydrocarbon assets is buoyant. Oil prices are holding up around $77 a barrel. Global energy consumption is rising again after a rare dip last year

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IN BRIEF: Bahamas Petroleum Secures GBP15 Million Of Potential Funding

Small caps round-up: Armor Designs, Borders & Southern, Park Plaza...

PetroChina Exec: Would 'Welcome' Working Closer With BP -Report

BPC Conducts Bahamas Seismic Survey >BPC.LN

HEARD ON THE STREET: BP's Need For An Orderly Asset Sale

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