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Director/PDMR Shareholding

14 Oct 2010 07:00

RNS Number : 3624U
Bahamas Petroleum Company PLC
14 October 2010
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14 October 2010

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Bahamas Petroleum Company plc

("BPC" or the "Company")

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Director's dealings

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BPC, the oil and gas exploration company with licences in The Bahamas, announces that it was notified yesterday by Mike Proffitt, Non-Executive Finance Director of the Company, that his spouse, Virginia Proffitt, purchased 150,000 ordinary shares of 0.002p each in the Company ("Ordinary Shares")Ā in the market yesterday at a price of 6.21 pence per Ordinary Share, representing approximately 0.01 per cent. of the Company's entire issued ordinary share capital.

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As a result of this transaction, Mike Proffitt is now interested in 12,510,000 Ordinary Shares, representing approximately 1.27 per cent. of the issued Ordinary Share capital of the Company.

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Enquiries:

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Bahamas Petroleum Company plc

Alan Burns, Chairman and CEO

Dr Paul Crevello, Chief Operating Officer

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Tel: +44 (0) 1624 64 1199

Tel: +242 356 4114

Strand Hanson Limited

Rory Murphy / Liam Buswell

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Tel: +44 (0) 20 7409 3494

Novus Capital Markets Ltd

Charles Goodfellow / Paul Dudley

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Tel: +44 (0) 20 7107 1872

FirstEnergy Capital LLP

Hugh Sanderson / Derek Smith

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Tel: +44 (0) 20 7448 0200

Financial Dynamics

Billy Clegg / Ed Westropp

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Tel: +44 (0) 20 7831 3113

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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