Director's Dealing (2325E)

TIDMBPC

RNS Number : 2325E

Bahamas Petroleum Company PLC

04 April 2011

4 April 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, disposed of 5,000,000 ordinary shares of 0.002 pence each in the Company ("Ordinary Shares") (the "Disposal"), at a weighted average price of 21.36 pence per Ordinary Share on 1 April 2011. The disposal is in order to satisfy ongoing medical expenses.

Following the Disposal, Mr Burns is now interested in 15,164,989 Ordinary Shares, representing 1.38 per cent. of the Company's issued share capital.

Ends

For further information contact:

 
 Bahamas Petroleum Company PLC                   Tel: +44 (0) 1624 
  Dr Paul Crevello, Chief Executive Officer       641194 
 Strand Hanson Limited - Nomad                   Tel: +44 (0) 20 7409 
  Rory Murphy / Liam Buswell                      3494 
 Financial Dynamics                              Tel: +44 (0) 20 7831 
  Billy Clegg / Ed Westropp / Alex Beagley        3113 
 Canaccord Genuity Limited - Joint broker        Tel: +44 (0) 20 7050 
  Charles Berkeley / Henry Fitzgerald-O'Connor    6500 
 FirstEnergy Capital LLP - Joint broker          Tel: +44 (0) 20 7448 
  Hugh Sanderson / Derek Smith                    0200 
 Novus Capital Markets Ltd - Joint broker        Tel: +44 (0) 20 7107 
  Nicholas Lee                                    1894

This information is provided by RNS

The company news service from the London Stock Exchange

END

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