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23 Apr 2012 07:00
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23 April 2012
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Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")
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License Update
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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."
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Bahamas Petroleum Company believes it has significantly exceeded all license commitments and obligations with cumulative expenditure in excess of $50 million.
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The Company is already working to fulfill the increased requirements of this next three-year phase.
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- Ends -
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For further information, please contact:
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Bahamas Petroleum Company plc Simon Potter, Chief Executive Officer Ā | Ā Tel: +44 (0) 01624 647883 |
Strand Hanson Limited - Nomad Rory Murphy / Liam Buswell Ā | Ā Tel: +44 (0) 20 7409 3494 Ā |
FTI Consulting Billy Clegg / Ed Westropp / Alex Beagley | Ā Tel: +44 (0) 20 7831 3113 Ā |
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