Bahamas Petroleum (LSE:BPC)
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1 Year : From Oct 2018 to Oct 2019
RNS Number : 2415U
Bahamas Petroleum Company PLC
28 March 2019
28 March 2019
Bahamas Petroleum Company plc ("BPC" or the "Company")
Extension of CEO contract
Bahamas Petroleum Company plc, the oil and gas exploration company with a significant prospective resource in licences in The Commonwealth of The Bahamas ("The Bahamas"), is pleased to announce that Simon Potter, Chief Executive Officer of the Company, has agreed to an extension to his current employment contract which expires on 31st March 2019. The extension is for 12 months with no changes to the terms outlined on 6 August 2018.
Bill Schrader, non-executive Chairman commented:
"We are entering a highly significant period for BPC, having recently been granted an extension to the term of our exploration licences to the end of 2020 and secured the funding necessary to meet the Company's working capital needs whilst we secure a deal to progress our first exploration well. I am delighted at Simon's continued commitment to the project which provides clarity and continuity of leadership as we work with potential partners to get an exploration well funded and drilled."
For further information, please contact:
Bahamas Petroleum Company plc Tel: +44 (0) 1624 647
Simon Potter, Chief Executive Officer 882
Strand Hanson Limited - Nomad Tel: +44 (0) 20 7409
Rory Murphy / James Spinney 3494
Shore Capital Stockbrokers Limited - Broker Tel: +44 (0) 207 408
Jerry Keen / Toby Gibbs 4090
CAMARCO Tel: +44 (0) 20 3757
Billy Clegg / James Crothers / Thayson 4983
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(END) Dow Jones Newswires
March 28, 2019 03:00 ET (07:00 GMT)