Director/PDMR Shareholding (8448Z)

TIDMBPC

RNS Number : 8448Z

Bahamas Petroleum Company PLC

20 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Director's Dealing

The Company has been informed that Alan Burns, Non-Executive Chairman of the Company, today disposed of 3,885,011 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal"), at a weighted average price of 16.37 pence per Ordinary Share.

Following the Disposal, Mr Burns is now interested in 26,164,989 Ordinary Shares, representing 2.65 per cent. of the Company's issued share capital.

Alan Burns, Chairman, said:

"As with my disposal announced on 14 January 2011, this sale of ordinary shares has been made in light of my personal circumstances. It is my intention to maintain my investment in the Company at its current level, as a long term strategic investment."

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 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       3113

This information is provided by RNS

The company news service from the London Stock Exchange

END

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