TIDMBPC 
 
RNS Number : 0128R 
BPC Plc 
13 August 2010 
 

13 August 2010 
                                    BPC Plc 
                            ("BPC" or the "Company") 
 
                            2D seismic survey results 
 
 
BPC, the AIM quoted oil and gas exploration company with licences in The 
Commonwealth of The Bahamas, is pleased to announce the preliminary results of 
its recently acquired 2D marine seismic program. The 194 km program was shot in 
June 2010 over the Company's southern licences, which lie adjacent to Cuban 
waters, and was acquired using a long streamer (10.2 km) with data recorded to 
8.5 seconds.  The use of modern acquisition and processing technology has 
resulted in a major improvement in the quality and resolution of the seismic 
data, compared to previous data from the 1980's, and has helped to confirm the 
geological model for the area, which the Company believes is highly prospective 
for hydrocarbons. 
 
In particular, the new seismic data shows: 
 
·    large scale, compressional anticlinal folds up to 10 x 20km with vertical 
closure up to 4,000 ft; and 
 
·    various possible "Direct Hydrocarbon Indicators", such as flat spots, dim 
zones and possible hydrocarbon leakage features which, if confirmed, could 
indicate an active hydrocarbon system in the area and significantly "de-risk" 
future exploration prospects. 
 
One of the new seismic lines, showing some of these highly prospective features, 
is available for download from the Company's website (www.bpcplc.com). BPC is 
very encouraged by the high quality and resolution of the new data, and will 
undertake further seismic acquisition in these southern licences before the end 
of the year.  Accordingly, bids are currently being sought for a phased 2D and 
3D seismic program. 
 
The Company also announces that it has applied to the Government of The Bahamas 
for up to 3,600 sq km of additional acreage on trend with these licences, the 
licence awards for which are expected to be announced before the end of the 
year.  A map showing the application acreage is available for download from the 
Company's website (www.bpcplc.com). 
 
Alan Burns, Chairman of BPC, commented: 
 
"I am very pleased to report the impressive 2D seismic results from our southern 
licence area. The large structures and geological formations are further 
substantiated by the drill cores we already own from the area and give us 
indentified potential prospects on which we will be acquiring additional seismic 
later in the year, as we work toward exploration drilling." 
 
 
                                    - Ends - 
 
For further information contact: 
 
+------------------------------+------------------------------+ 
| BPC Plc                      |                              | 
| Alan Burns, Chairman and CEO |    Tel:  44 (0) 1624 64 1199 | 
|                              |      Tel:    +1 242 357 4691 | 
| Dr Paul Crevello, Chief      |                              | 
| Operating Officer            |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Strand Hanson Limited        |                              | 
| Rory Murphy / Liam Buswell   |    Tel: +44 (0) 20 7409 3494 | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Novus Capital Markets Ltd    |                              | 
| Charles Goodfellow / Paul    |    Tel: +44 (0) 20 7107 1872 | 
| Dudley                       |                              | 
|                              |                              | 
+------------------------------+------------------------------+ 
| FirstEnergy Capital LLP      |                              | 
| Hugh Sanderson / Derek Smith |    Tel: +44 (0) 20 7448 0200 | 
|                              |                              | 
+------------------------------+------------------------------+ 
| Financial Dynamics           |                              | 
| Billy Clegg / Ed Westropp    |    Tel: +44( 0) 20 7831 3113 | 
+------------------------------+------------------------------+ 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCKKBDDPBKDNFD
Challenger Energy (LSE:CEG)
Historical Stock Chart
From Aug 2024 to Sep 2024 Click Here for more Challenger Energy Charts.
Challenger Energy (LSE:CEG)
Historical Stock Chart
From Sep 2023 to Sep 2024 Click Here for more Challenger Energy Charts.