Director Dealings (6056Z)

TIDMBPC

RNS Number : 6056Z

Bahamas Petroleum Company PLC

17 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Director Dealings

The Company was informed on 15 January 2011 that, on 14 January 2011, Alan Burns, a director of the Company, disposed of 4,770,000 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal"). The weighted average price obtained for the shares was 16.35 pence per Ordinary Share.

Following the Disposal, Mr Burns is now interested in 30,050,000 Ordinary Shares representing 3.04 per cent. of the Company's issued share capital.

Alan Burns, Chairman, said:

"The Disposal of shares was made in order to fund the extra support I need personally following my learning of a medical condition which will require surgery and a period of rehabilitation. I wish to confirm that this does not reflect on my view of the Company, in which I am personally enthused."

Ends

Enquiries:

 
 Bahamas Petroleum Company PLC   Tel: +44 (0) 1624 
  Alan Burns, Chairman            64 1199 
 Dr Paul Crevello, CEO 
 Strand Hanson Limited           Tel: +44 (0) 20 
  Rory Murphy / Liam Buswell      7409 3494 
 Novus Capital Markets Ltd       Tel: +44 (0) 20 
 Peter Jackson                    7107 1881 
 FirstEnergy Capital LLP         Tel: +44 (0) 20 
 Hugh Sanderson / Derek Smith     7448 0200 
 Financial Dynamics              Tel: +44 (0) 20 
  Billy Clegg / Ed Westropp       7831 3113

This information is provided by RNS

The company news service from the London Stock Exchange

END

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