Bahamas Petroleum Company convinces Simon Peter to stay another year
28th Mar 2019 15:26
(Sharecast News) - Oil and gas exploration group Bahamas Petroleum Company announced on Thursday that its chief executive officer Simon Potter had agreed to an extension to his current employment contract, which was due to expire on 31 March.
Read moreBahamas Petroleum raises $2.5m to finance wells
15th Mar 2019 10:20
(Sharecast News) - Oil and gas exploration outfit Bahamas Petroleum has raised $2.54m before expenses by virtue of a firm placing of 120m new ordinary shares at a price of 1.6p each.
Read moreUnnamed oil major ending exclusivity deal with Bahamas Petroleum
24th Aug 2018 08:41
(Sharecast News) - Oil and gas exploration company Bahamas Petroleum told shareholders on Friday that it has received notice from the major international oil company that it entered into an exclusivity agreement with on 1 May that it would not further extend the exclusive nature of negotiations beyond 31 August.
Read moreBahamas Petroleum CEO package slashed in cost-cutting exercise
6th Aug 2018 14:47
(Sharecast News) - Oil and gas exploration firm, Bahamas Petroleum Company, announced a number of permanent changes to the contract of its chief executive officer on Monday, which it said "significantly reduces" the basic salary, wrote off accrued cash payments, and ended the accrual of conditional share entitlements, while at the same time continuing to align management and shareholder interests.
Read moreBahamas Petroleum gains as Senate passes Petroleum Bill
5th Feb 2016 11:31
(ShareCast News) - AIM-listed oil and gas company Bahamas Petroleum announced on Friday that the Bahamian senate has approved a new petroleum bill that will provide an upgraded and modernised framework for explorations in the Bahamas. The company said the Governor general will now receive the bills
Read moreBahamas Petroleum shares surge on licence renewal green light
17th Jun 2015 08:23
Shares in Bahamas Petroleum Company (BPC) jumped on Wednesday after the oil and gas explorer received the all-clear to start drilling on four southern licences. After agreeing terms of a licence renewal addendum last month, the Governor General of Bahamas has now given the green light for operations
Read moreBahamas Petroleum narrows loss with cost-cutting measures
8th Jun 2015 11:18
Bahamas Petroleum reported a narrower pre-tax loss in 2014, as legal and professional fees shrank in the run up to drilling. For the 12 months ended 31 December, the company posted an overall loss of $4.7m, down 10% from 2013's $5.2m. Cost reduction actions include the board's decision to defer 20%
Read moreBahamas Petroleum surges on exploration license extension
18th May 2015 14:34
Bahamas Petroleum (BPC) shares surged on Monday after an agreement was reached with the government to extend its exploration license until the second-quarter of 2018. The explorer also received a confirmation that the license would incorporate territory up to Cuba's maritime boundary, as well as an
Read moreBahamas Petroleum welcomes new exploration regime
9th Oct 2014 13:52
Bahamas Petroleum rose after the oil and gas group welcomed a move by the government of the Caribbean islands to open up potential reserves to exploration. Bahamas said the government had completed a new petroleum act and a suite of regulations to guide and govern oil exploration in the Bahamas a
Read moreBT directors build stakes, Trinity Mirror makes show of faith
20th May 2014 15:52
Five BT board members last week each acquired 486 shares under its Equiniti share plan, it was announced Monday. Those purchasing shares included Chairman Sir Michael Rake and Chief Executive Officer Gavin Patterson. All of the shares were bought for 370.25p each. The announcement comes one day
Read moreBahamas Petroleum soars as ex-BP man takes Exec Chair role
24th Apr 2014 11:57
Shares in mining minnow Bahamas Petroleum Company (BPC) have leapt on news that a former BP regional chief and a former Bahamas senator have been appointed to the board as the company closes in on farm-out discussions. Former BP man Bill Schrader has been hired as Executive Chairman, while former B
Read moreTuesday broker round-up UPDATE
4th Jun 2013 07:25
Afren: Goldman Sachs shifts target price from 224p to 221p keeping a buy recommendation. Alent: Goldman Sachs initiates with a target price from 426p and a buy recommendation. Amerisur Resources: Goldman Sachs moves target price from 65p to 82p and stays with its neutral rating. Bahamas Petroleum
Read moreBahamas Petroleum advances on Govt go-ahead for drilling
11th Mar 2013 08:33
Shares in AIM-listed Bahamas Petroleum soared on Monday following the news that the government of the Bahamas had decided to permit the company to undertake exploration drilling ahead of any referendum process. The company said the government's decision provided "clarity on the timing and process o
Read moreBahamas Petroleum reduces half year losses
26th Sep 2012 08:03
Bahamas Petroleum, an oil and gas exploration company with offshore licence permits in the Bahamas, has reduced its losses for the half year ended June 30th as a result of a decrease of 47 per cent in employee related expenses. Total operating loss (and total comprehensive losses before tax) for th
Read moreBahamas Petroleum ticks all the boxes for regional government
10th Sep 2012 08:19
Bahamas Petroleum, the oil and gas exploration company with offshore licence permits in the Bahamas, has been given written confirmation by the regional government that it is in full compliance with the terms of its signed oil exploration licences, the provisions of the Petroleum Act and the Petrole
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