3 Oct 2011 07:00
3 October 2011
Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")
Directorate Change
Bahamas Petroleum, the oil and gas exploration company with offshore license permits in The Commonwealth of The Bahamas, announces that Adrian Collins has been appointed to the Board as Non-Executive Chairman with immediate effect.
Adrian (aged 57) is currently Executive Chairman of Liontrust Asset Management PLC, a position he assumed in 2010, having first joined the Board in June 2009 as a Non-Executive Director. He is also a Non-Executive Director of City Natural Resources High Yield Trust Plc and New City High Yield Fund Ltd. A comprehensive list of directorships may be found below.
Alan Burns, President, said:
"The Board feels much has been accomplished in establishing and funding the Company and by defining the initial work programs that have significantly reduced many aspects of risk associated with the exploration of a new hydrocarbon province. It is with great anticipation that we see the Company positioning itself for future growth in capacity and capability and the expansion in compliance and assurance this activity demands. The Board believes that Adrian's experience and skills complement well those of the new CEO, Simon Potter, and that together they will create a strong foundation of mutual support and challenge from which, it is confident, future success will be derived."
Adrian Collins, Non- Executive Chairman, said:
"I am delighted to be joining Bahamas Petroleum at such an exciting time in the Company's development. I look forward to working with the new Chief Executive Simon Potter, the Board and management as the Company continues to mature it's plans to further evaluate the huge potential of its licence portfolio through drilling."
- Ends -
For further information, please contact:
Bahamas Petroleum Company plc Adrian Collins, Non-Executive Chairman
|
Tel: +44 (0) 1624 641194 |
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell
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Tel: +44 (0) 20 7409 3494
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FTI Consulting Billy Clegg / Ed Westropp / Alex Beagley |
Tel: +44 (0) 20 7831 3113
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Canaccord Genuity Limited - Joint broker Charles Berkeley / Henry Fitzgerald-O'Connor
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Tel: +44 (0) 20 7050 6500 |
FirstEnergy Capital LLP - Joint broker Hugh Sanderson / Derek Smith
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Tel: +44 (0) 20 7448 0200 |
Novus Capital Markets Ltd - Joint broker Nicholas Lee |
Tel: +44 (0) 20 7107 1894 |
The following information in respect of Mr Collins is provided pursuant to paragraph (g) Schedule Two of the AIM rules:
Adrian John Reginald Collins (aged 57):
Current Directorships
City Natural Resources High Yield Trust Plc
Colombo Commercial Co. (Produce) Ltd
DouglasBay Capital Plc
Fincorp International Ltd
Liontrust Asset Management Plc
LTC Holdings Plc
Mentum
New City High Yield Fund Ltd
The Sri Lanka Fund Ltd
Tri-Star Resources Plc
Past Directorships (last 5 years)
Bestinvest (Brokers) Ltd
Bluewater Bio International
Campden Partners Ltd
Corvus Capital Inc
Deutsche Land Plc
H.I.M. Capital Holdings Ltd
Hiscox Investment Management Ltd
Midas Capital Plc
Midas Capital Partners Ltd
New City High Yield Trust Plc
Nuwara Eliya (Holdings) Ltd
Nuwara Eliya Tea Estates Co. Ltd
Raven Russia Ltd
Strand Partners Ltd
Smash & Grab Glass Recycling Ltd
Windsor Plc
There is nothing to be announced pursuant to paragraph 2 (g) (iii) - (viii) of Schedule 2 of the AIM Rules