RNS YAYYYY Full steam ahead6 Jan 2021 07:24
Simon Potter, CEO of BPC, said:
"Today's Court ruling means that the drilling of Perseverance #1 will continue, in accordance with our licences obligations, and consistent with the permits issued to the Company by the Government of The Bahamas. Those drilling operations, which have been underway since 20 December 2020, have the well on track to provide results within the 45 - 60 days period the Company has consistently advised . It is thus clear now that the applicants have failed in their last-minute attempt to interrupt the drilling of Perseverance #1 and the Government's legitimate assessment of hydrocarbon resource potential in its southern seas. This is a very positive outcome for the completion of the Perseverance #1 well."