Seismic survey commenced (6928Z)

TIDMBPC

RNS Number : 6928Z

Bahamas Petroleum Company PLC

19 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Seismic survey commenced

Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, announces, further to the announcement made by the Company on 11 January 2011, that the M/V Osprey Explorer vessel has arrived in the Islands and has commenced acquisition of close grid 2D seismic on the Company's four southern licences.

The Company also has the option to acquire seismic, using the services of Osprey Navigation Company Inc., in its northern licence area and a further announcement will be made in due course should this option be utilised.

Dr. Paul Crevello, CEO, said:

"This is a milestone event for Bahamas Petroleum and adds to the regional activity which currently includes a 3D seismic survey in Cuba's Block L, which is adjacent to the Company's licences."

- Ends -

For further information contact:

 
 Bahamas Petroleum Company PLC               Tel: +44 (0) 1624 
  Alan Burns, Chairman                        64 1199 
 Dr Paul Crevello, Chief Executive Officer    Tel: +1 720 771 7583 
 Strand Hanson Limited                       Tel: +44 (0) 20 7409 
  Rory Murphy / Liam Buswell                  3494 
 Novus Capital Markets Ltd                   Tel: +44 (0) 20 7107 
 Peter Jackson                                1881 
 FirstEnergy Capital LLP                     Tel: +44 (0) 20 7448 
 Hugh Sanderson / Derek Smith                 0200 
 Financial Dynamics                          Tel: +44 (0) 20 7831 
  Billy Clegg / Ed Westropp / Alex Beagley    3113

Notes to Editors

SeaBird Exploration is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and associated products and services to the oil and gas industry. SeaBird specialises in high quality operations within the high end of the source vessel and 2D market, in the shallow water 2D/3D market and in 4C/4D multimode seismic by nodal seabed acquisition. The main focus for SeaBird is proprietary seismic surveys (contract seismic).

This information is provided by RNS

The company news service from the London Stock Exchange

END

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