BPC.L Regulatory News (BPC)

19 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Seismic survey commenced

Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, announces, further to the announcement made by the Company on 11 January 2011, that the M/V Osprey Explorer vessel has arrived in the Islands and has commenced acquisition of close grid 2D seismic on the Company's four southern licences.

The Company also has the option to acquire seismic, using the services of Osprey Navigation Company Inc., in its northern licence area and a further announcement will be made in due course should this option be utilised.

Dr. Paul Crevello, CEO, said:

"This is a milestone event for Bahamas Petroleum and adds to the regional activity which currently includes a 3D seismic survey in Cuba's Block L, which is adjacent to the Company's licences."

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Notes to Editors

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