Seismic survey commenced

RNS Number : 6928Z

Bahamas Petroleum Company PLC

19 January 2011

 



19 January 2011

Bahamas Petroleum Company PLC

("Bahamas Petroleum" or the "Company")

Seismic survey commenced

Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, announces, further to the announcement made by the Company on 11 January 2011, that the M/V Osprey Explorer vessel has arrived in the Islands and has commenced acquisition of close grid 2D seismic on the Company's four southern licences.

The Company also has the option to acquire seismic, using the services of Osprey Navigation Company Inc., in its northern licence area and a further announcement will be made in due course should this option be utilised.

Dr. Paul Crevello, CEO, said:

"This is a milestone event for Bahamas Petroleum and adds to the regional activity which currently includes a 3D seismic survey in Cuba's Block L, which is adjacent to the Company's licences."

- Ends -

For further information contact:

Bahamas Petroleum Company PLC Alan Burns, Chairman Dr Paul Crevello, Chief Executive Officer	Tel: [phone] Tel: [phone]
Strand Hanson Limited Rory Murphy / Liam Buswell	Tel: [phone]
Novus Capital Markets Ltd Peter Jackson	Tel: [phone]
FirstEnergy Capital LLP Hugh Sanderson / Derek Smith	Tel: [phone]
Financial Dynamics Billy Clegg / Ed Westropp / Alex Beagley	Tel: [phone]

Notes to Editors

SeaBird Exploration is a global provider of marine 2D and 3D seismic data, solutions for seabed acquisition of 4C/4D multimode seismic, and associated products and services to the oil and gas industry.  SeaBird specialises in high quality operations within the high end of the source vessel and 2D market, in the shallow water 2D/3D market and in 4C/4D multimode seismic by nodal seabed acquisition. The main focus for SeaBird is proprietary seismic surveys (contract seismic).

 

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