Bahamas Petroleum Company PLC Update on Court Process in The Bahamas (7757Q)
March 02 2021 - 2:00AM
UK Regulatory
TIDMBPC
RNS Number : 7757Q
Bahamas Petroleum Company PLC
02 March 2021
2 March 2021
Bahamas Petroleum Company plc
("BPC" or the "Company")
Update on Court Process in The Bahamas
Further to BPC's previous announcements in relation to the Court
process in the Bahamas, on 1 March 2021 the Honourable Justice
Petra Hanna-Weekes allowed the Company's application and ordered
the Applicants to post $200,000 security for costs within 30 days,
pending which the proceedings will be stayed.
The Company will provide further updates as appropriate.
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. In Trinidad and Tobago, BPC has five (5) producing
fields, two (2) appraisal / development projects and a prospective
exploration portfolio in the South West Peninsula. In Suriname, BPC
has on onshore appraisal / development project. BPC's exploration
licence in each of Uruguay and The Bahamas are highly prospective,
and offer high-impact value exposure within the overall portfolio
value.
BPC is listed on the AIM market of the London Stock Exchange. www.bpcplc.com
END
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