TIDMBPC

RNS Number : 6387M

Bahamas Petroleum Company PLC

17 September 2019

17 September 2019

Bahamas Petroleum Company plc

Result of Annual General Meeting

Bahamas Petroleum Company plc ("BPC" or the "Company"), the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas is pleased to announce that at its Annual General Meeting held earlier today, all resolutions were duly passed.

The permissions granted by our shareholders today will allow us to move forward a series of coordinated steps that the Company has taken toward drilling of an initial exploration well during 2020, consistent with our licence obligations, including providing important options available to us in funding the well. Importantly, this will add tension into the ongoing farm-out discussions, such that the Board can pursue whichever funding option it deems is in the best interests of the Company and all its stakeholders.

Ends

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                   7409 3494 
 Shore Capital Stockbrokers Limited - Broker   Tel: +44 (0) 207 
  Jerry Keen / Toby Gibbs                       408 4090 
 CAMARCO                                       Tel: +44 (0) 20 
  Billy Clegg / James Crothers                  3781 8331

Notes to editors:

Bahamas Petroleum Company is an oil and gas exploration company with 100% owned offshore licences exclusively focused on The Commonwealth of The Bahamas. The Company has significant prospective resources, which have been de-risked through both extensive 2D and 3D seismic. The Company is intent on delivering safe and environmentally responsible exploration.

www.bpcplc.com

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END

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September 17, 2019 08:34 ET (12:34 GMT)

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