24 May 2011 07:00
24 May 2011
Bahamas Petroleum Company plc
("Bahamas Petroleum" or the "Company")
Seabed Survey
Bahamas Petroleum, the oil and gas exploration company with offshore licence permits in The Commonwealth of The Bahamas, announces that it has signed a contract with Fugro N.V. ("Fugro") to undertake a high resolution seabed survey on the Company's licence area. The survey will begin in early June; will take approximately six weeks to complete; and will also be used for the 3D seismic survey being undertaken by CGGVeritas.
Dr. Paul Crevello, CEO of Bahamas Petroleum, said:
"We are pleased to have signed this contract with Fugro and look forward to receiving the results of the seabed survey in due course, which will be applied towards the hydrocarbon seep detection and environmental assessment of the area. This is another important step in the Company's exploration programme."
For further information, please contact:
Bahamas Petroleum Company plc Dr Paul Crevello, Chief Executive Officer
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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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Financial Dynamics 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 |