Bahamas Petroleum Company PLC Update on Court Process in The Bahamas (0648K)
December 30 2020 - 2:00AM
UK Regulatory
TIDMBPC
RNS Number : 0648K
Bahamas Petroleum Company PLC
30 December 2020
30 December 2020
Bahamas Petroleum Company plc
("BPC" or the "Company")
Update on Court Process in The Bahamas
Further to BPC's announcement of 29 December 2020, the hearing
of the Supreme Court of The Bahamas that was set for 29 December
2020 has been delayed until 30 December 2020.
In addition to those matters to be addressed at this hearing (as
referred to in BPC's announcement of 29 December 2020), the lawyers
acting for the Applicants have also sought leave to amend their
application to add the Town Planning Committee as a further
respondent, and this additional application will also be considered
at the rescheduled hearing.
BPC will provide a further update following the hearing now
scheduled for 30 December 2020.
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
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 7409
Rory Murphy / James Spinney / Jack Botros 3494
Shore Capital Stockbrokers Limited - Tel: +44 (0) 207 408
Joint Broker 4090
Jerry Keen / Toby Gibbs
Investec Bank Plc - Joint Broker Tel: +44 (0) 207 597
Chris Sim / Rahul Sharma 5970
CAMARCO Tel: +44 (0) 020 3757
Billy Clegg / James Crothers / Hugo Liddy 4980
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 drilling an initial exploration well in
The Bahamas, Perseverance #1, 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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
UPDPPGRGPUPUPPB
(END) Dow Jones Newswires
December 30, 2020 02:00 ET (07:00 GMT)
Challenger Energy (LSE:CEG)
Historical Stock Chart
From Jun 2024 to Jul 2024
Challenger Energy (LSE:CEG)
Historical Stock Chart
From Jul 2023 to Jul 2024