23 Apr 2012 07:00
23 April 2012
Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")
License Update
The Company confirms that its petroleum exploration licenses state that; "where the licensee applies for renewal and has complied with the Act, Regulations and the terms and conditions contained in this license, the Governor-General shall renew this License for a further period of three (3) years."
Bahamas Petroleum Company believes it has significantly exceeded all license commitments and obligations with cumulative expenditure in excess of $50 million.
The Company is already working to fulfill the increased requirements of this next three-year phase.
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For further information, please contact:
Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer
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Tel: +44 (0) 01624 647883 |
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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