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IN BRIEF: Bahamas Petroleum team join raise; ex-BP exec set for board

Thu, 13th May 2021 14:56

Bahamas Petroleum Co PLC - assets in Bahamas, Uruguay, Trinidad & Tobago and Suriname - Says all members of the board will take part in the company's open offer of shares, buying 85 million shares at 0.35 pence, worth GBP297,500. Bahamas Petroleum is hoping to raise GBP6.9 million in total and on Tuesday extended the deadline for the offer to Tuesday next week. Additionally, Bahamas hires Robert Riley as a non-executive director. Riley was chair & chief executive officer of BP PLC in Trinadad & Tobago. It also says the mobilisation of the drilling rig to the Saffron-2 wellsite in Trinidad & Tobago has been completed, and the spud of the well is on track for May 23.

Current stock price: 0.36p, up 6.7% on Thursday

Year-to-date change: down 83%

By Tom Waite; thomaslwaite@alliancenews.com

More News

16 Oct 2019 12:03

Bahamas Petroleum Non-Executive Shallcross Dies After Illness

10 Oct 2019 10:05

Bahamas Petroleum Raises Funds To Meet Exploration Well Drilling Costs

3 Oct 2019 11:07

Bahamas Petroleum mulling funding options as share price languishes

(Sharecast News) - Oil and gas exploration company Bahamas Petroleum noted the latest movements in its share price on Thursday, and continued speculation pertaining to an imminent potential fundraising transaction by way of an equity placing to institutional investors.

3 Oct 2019 10:46

Bahamas Petroleum Confirms No Intention For Placing Despite Share Rise

27 Sep 2019 11:44

Bahamas Petroleum Achieves Key Milestones But Interim Loss Widens

27 Sep 2019 09:18

Bahamas Petroleum Company reduces some expenses as development progresses

(Sharecast News) - Pre-revenue oil and gas explorer Bahamas Petroleum Company reported a 12% decrease in 'other expenses' in its half-year results on Friday, compared to the prior six month period, due to its cost control programme despite "significant activity".

3 Sep 2019 12:33

Bahamas Petroleum Licence Testing Finds "World-Class" Petroleum System

(Alliance News) - Bahamas Petroleum Company PLC on Tuesday said it has conducted a number of studies on its licences offshore in the Bahamas which suggest "a world-class source rock and in up

21 Aug 2019 12:00

Bahamas Petroleum on track for first well in 2020

(Sharecast News) - Oil and gas explorer Bahamas Petroleum Company has entered into a series of agreements as part of a coordinated approach toward drilling its first exploration well in the Bahamas in 2020, it announced on Wednesday.

21 Aug 2019 10:32

WINNERS & LOSERS SUMMARY: Brady Shares Drop After Warning On Revenue

(Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Wednesday.----------FTSE 100 - Holdings, up 2.2%. Sky News reported the jet is a

21 Aug 2019 09:52

Bahamas Petroleum Initial Well To Cost Less Than Half Prior Estimate

(Alliance News) - Bahamas Petroleum Co PLC on Wednesday said it is on track to drill its initial exploration well in the first half of 2020 at a much lower estimated cost than in Bahamas Petroleum

25 Apr 2019 14:00

Bahamas Petroleum 2018 Loss Narrows, To Focus On Exploration Licences

LONDON (Alliance News) - Caribbean-focused oil explorer Bahamas Petroleum Co PLC reported a narrowed annual loss on Thursday as the company continues to progress its exploration licences in the a

28 Mar 2019 15:26

Bahamas Petroleum Company convinces Simon Peter to stay another year

(Sharecast News) - Oil and gas exploration group Bahamas Petroleum Company announced on Thursday that its chief executive officer Simon Potter had agreed to an extension to his current employment contract, which was due to expire on 31 March.

28 Mar 2019 14:19

Bahamas Petroleum Chief Executive Agrees To Stay For Extra Year

LONDON (Alliance News) - Bahamas Petroleum Co PLC on Thursday said Chief Executive Simon Potter has agreed a one-year extension to his contract, which was due to expire at the end of the are a for

15 Mar 2019 10:50

WINNERS & LOSERS SUMMARY: Wetherspoon Settles, Restaurant Group Soars

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Friday.----------FTSE 100 - WINNERS----------Berkeley up

15 Mar 2019 10:20

Bahamas Petroleum raises $2.5m to finance wells

(Sharecast News) - Oil and gas exploration outfit Bahamas Petroleum has raised $2.54m before expenses by virtue of a firm placing of 120m new ordinary shares at a price of 1.6p each.

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IN BRIEF: Bahamas Petroleum team join raise; ex-BP exec set for board

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