TIDMBPC 
 
RNS Number : 8763R 
BPC Plc 
31 August 2010 
 

31 August 2010 
                                    BPC Plc 
                            ("BPC" or the "Company") 
                                 Licence Update 
 
BPC, the AIM quoted oil and gas exploration company with licences in The 
Commonwealth of The Bahamas, notes the announcement from the Ministry of the 
Environment (Government of The Bahamas), issued late yesterday, concerning oil 
exploration in the country. 
 
Included below is the full text of the announcement: 
 
"Press Release 
 
MINISTRY OF THE ENVIRONMENT 
 
OIL EXPLORATION IN THE BAHAMAS 
 
Nassau: The Public is advised that The Ministry of The Environment has suspended 
consideration of all applications for oil exploration and drillings in the 
waters of The Bahamas. The Ministry seeks, by this decision, to maintain and 
safeguard an unpolluted marine environment for The Bahamas, notwithstanding the 
potential financial benefits of oil explorations. 
 
Additionally all existing licences will be reviewed to ascertain any legal 
entitlement for renewal. 
 
Given recent events involving oil exploration and the efforts to prevent 
pollution, this prudent safeguard is essential to preserving the most vital 
natural resource of The Bahamas, its environment. 
 
The Ministry will work diligently to complete and have in place, very stringent 
and environmental protocols for oil exploration prior to any further 
consideration of applications, given that oil is likely to be located in the 
marine environment of The Bahamas. 
 
The Ministry of The Environment believes that this prudent policy requirement is 
in the best interest of The Bahamas and the social, economic and environmental 
wellbeing of future generations of Bahamian citizens and visitors. 
 
The Hon. Earl D. Deveaux, MP 
Minister of The Environment 
30th August 2010 
END" 
 
BPC understands and appreciates the position of the Government of The Bahamas in 
delaying the granting of new applications and its reviews given the drilling 
bans in place in US waters until the cause of the Macondo blowout are fully 
determined and appropriate new controls are put in place. 
In the meantime the Company will continue to process and seismically explore its 
existing granted licences, which contain the majority of BPC's targets. The 
Directors believe that by the time BPC's drilling program is more definitive, 
the situation brought about by the Marcondo incident will become clear and that 
appropriate and stringent controls will be in place.  BPC is committed to 
working with the Government of the Bahamas to ensure that the highest 
exploration and environmental standards are in place. 
Recently BPC completed a baseline sampling in the southern Bahamas to establish 
the presence of oil and tar balls prior to any possibility of contamination 
arriving from the BP spill.  The sampling showed the presence of pre-existing 
tar balls and oil seeps washed ashore that were not from the BP source.  This 
oil appears to be sourced from natural seeps and possibly oil tanker spillage. 
Bahamas waters have through traffic of a large percentage of the world's oil 
tankers. 
Alan Burns commented, "Whilst we note this short term situation, there are 
exploration activities including drilling, proceeding in adjacent Cuban waters 
and significant previous drilling within the Company's current licence areas 
that we believe we do not face the same geological risks as those encountered in 
the US Gulf of Mexico. 
"We enjoy a good relationship with Bahamian authorities and are confident that 
this situation will be resolved quickly." 
Enquiries: 
 
+----------------------------------------+--------------------+ 
| BPC Plc                                |                    | 
| Alan Burns, Chairman and CEO           | Tel: +44 (0) 1624  | 
| Dr Paul Crevello, Chief Operating      | 641199             | 
| Officer                                | Tel: +1 720 771    | 
|                                        | 7583               | 
+----------------------------------------+--------------------+ 
| Strand Hanson Limited                  |                    | 
| Rory Murphy / Liam Buswell             | Tel: +44 (0) 20    | 
|                                        | 7409 3494          | 
+----------------------------------------+--------------------+ 
| Novus Capital Markets Ltd              |                    | 
| Charles Goodfellow / Paul Dudley       | Tel: +44 (0) 20    | 
|                                        | 7107 1872          | 
+----------------------------------------+--------------------+ 
| 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 
 
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