Change of Adviser

31 July 2012

Bahamas Petroleum Company plc

("Bahamas Petroleum", "BPC" or the "Company")

Change of Adviser

The Company announces that Novus Capital Markets Ltd will cease to act as Joint Broker to the Company from 1 August 2012.

Adrian Collins, Non-Executive Chairman, said:

"I would like to thank the team at Novus Capital Markets for all of their support over the past few years, which have seen the Company through the early stages of its growth and development, and wish them well in all their future endeavours."

- Ends -

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