TIDMBPC 
 
RNS Number : 1409U 
Bahamas Petroleum Company PLC 
11 October 2010 
 

11 October 2010 
 
 
                         Bahamas Petroleum Company plc 
                            ("BPC" or the "Company") 
 
                              Exercise of options 
 
 
BPC, the oil and gas exploration company with licences in The Bahamas, today 
announces the exercise by Ambrian Partners Limited ("Ambrian") of 2,500,000 
options into new ordinary shares of 0.002p each ("Ordinary Shares") in BPC (the 
"New Ordinary Shares") at an exercise price of 4.55p per share. 
 
Application has been made for the New Ordinary Shares to be admitted to trading 
on AIM, which is anticipated to occur on 14 October 2010. 
 
Following this transaction, Ambrian will retain option over a further 5,396,398 
Ordinary Shares at an exercise price of 4.55p per share until 2 September 2011. 
 
For the purposes of the Financial Services Authority's Disclosure and 
Transparency Rules, the total number of Ordinary Shares in issue following 
admission of the New Ordinary Shares to trading on AIM will be 981,982,698, each 
carrying the right to one vote. 
 
The above figure of 981,982,698 may be used by shareholders as the denominator 
for the calculations by which they will determine if they are required to notify 
their interest in, or a change to their interest in, BPC under the FSA's 
Disclosure and Transparency Rules. 
 
 
Enquiries: 
 
+----------------------------------------+--------------------+ 
| Bahamas Petroleum Company plc          |                    | 
| Alan Burns, Chairman and CEO           | Tel: +44 (0) 1624  | 
| Dr Paul Crevello, Chief Operating      | 64 1199            | 
| Officer                                | Tel: +44 (0) 1624  | 
|                                        | 64 1199            | 
+----------------------------------------+--------------------+ 
| 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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