29 Jun 2010 12:30
29 June 2010
BPC Plc
("BPC" or the "Company")
Operational Update
BPC announces that a new, high specification, preliminary seismic survey has been conducted by BPC over a portion of its southern 100% owned licences in the Bahamas adjacent to Cuba. Dr Paul Crevello, BPC's COO, was on board the vessel during the survey and confirms the data retrieved is of high quality and is now being processed in North America.
The survey involved four lines of seismic totaling 194 kilometres with the following objectives:
1. Providing better definition on the inventory of leads in BPC's southern blocks, in water depths ranging from 240 metres to a maximum of 540 metres, which have previously been confirmed by independent reports.
2. Extending BPC's comprehensive technical data set and understanding of the petroleum system of the region.
The results will be announced in due course.
Enquiries:
| BPC Plc Alan Burns, Chairman and CEO Dr Paul Crevello, Chief Operating Officer
|
Tel: +44 (0) 1624 641199 Tel: +1 720 771 7583 |
| Strand Hanson Limited Rory Murphy / Liam Buswell
|
Tel: +44 (0) 20 7409 3494 |
| Novus Capital Markets Ltd Charles Goodfellow / David Rae
|
Tel: +44 (0) 20 7107 1872 |
| FirstEnergy Capital LLP Richard Hail / Derek Smith
|
Tel: +44 (0) 20 7448 0200 |
| Financial Dynamics Billy Clegg / Ed Westropp |
Tel: +44 (0) 20 7831 3113 |