Bahamas Petroleum Company PLC Exercise of Share Options (6154F)
November 18 2020 - 2:00AM
UK Regulatory
TIDMBPC
RNS Number : 6154F
Bahamas Petroleum Company PLC
18 November 2020
18 November 2020
Bahamas Petroleum Company plc
("BPC" or the "Company")
Exercise of Share Options
BPC, the Caribbean and Atlantic margin focused oil and gas
company, with exploration, production, appraisal and development
assets across the region, notes that it has received notification
for the exercise of share options in respect of 5,429,206 ordinary
shares of 0.002p each in the capital of the Company by a former
Director of Columbus Energy Resources PLC. As previously announced,
the exercise price in connection with these share options is 0.002p
per share.
Application has been made for the shares to be admitted to
trading on AIM ("Admission"), and Admission is expected to occur on
or about 20 November 2020. These shares will rank pari passu with
the ordinary shares of the Company in issue.
The Company's total issued share capital, following the issue of
the shares, will comprise of 4,054,789,409 ordinary shares. As the
Company does not hold any shares in Treasury, this figure may be
used by shareholders in the Company 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, the
share capital of the Company following Admission.
For further information, please contact:
Bahamas Petroleum Company plc Tel: +44 (0) 1624
Simon Potter, Chief Executive Officer 647 882
Strand Hanson Limited - Nomad Tel: +44 (0) 20
Rory Murphy / James Spinney / Jack Botros 7409 3494
Shore Capital Stockbrokers Limited - Tel: +44 (0) 207
Joint Broker 408 4090
Jerry Keen / Toby Gibbs
Investec Bank Plc - Joint Broker Tel: +44 (0) 207
Chris Sims / Rahul Sharma 597 5970
CAMARCO Tel: +44 (0) 20
Billy Clegg / James Crothers / Hugo Liddy 3757 4983
Notes to editors
BPC is a Caribbean and Atlantic margin focused oil and gas
company, with a range of exploration, appraisal, development and
production assets and licences, located offshore in the waters of
The Bahamas and Uruguay, and onshore in Trinidad and Tobago, and
Suriname. BPC is currently on-track for drilling an initial
exploration well in The Bahamas, Perseverance #1, in late 2020 /
early 2021, with the well targeting recoverable P (50) prospective
oil resources of 0.77 billion barrels, with an upside of 1.44
billion barrels. In Trinidad and Tobago, BPC has five producing
fields, two appraisal / development projects and a prospective
exploration portfolio in the South West Peninsula. BPC's
exploration licence in Uruguay is highly prospective, with a
potential resource of 1 billion barrels of oil equivalent. In
Suriname, BPC has an onshore appraisal / development project.
BPC is listed on the AIM market of the London Stock Exchange. www.bpcplc.com
END
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