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Investegate |Bahamas Petroleum Co Announcements | Bahamas Petroleum Co: Update on Court Process in The Bahamas

Investegate announcements from Bahamas Petroleum Co, Update on Court Process in The Bahamas ....

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Investegate |Bahamas Petroleum Co Announcements | Bahamas Petroleum Co: Portfolio Operations and Funding Update

BPC, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and exploration assets across the region, is pleased to provide an update on its operations across its portfolio, as at the start of 2021.

Highlights
·
Achieved production target of 500 bopd by end of 2020; end 2021 target remains at 2,500 bopd
·
On track to deliver extensive 2021 drilling campaigns; commencing with Saffron #2 in Trinidad and Tobago, and Weg Naar Zee extended well test in Suriname
·
Delivered certified 2P reserves and 3C resources targets; seismic reprocessing and drilling to drive further restatement in Q2 2021
·
100% owned Perseverance #1 exploration well, targeting recoverable P50 prospective oil resources of 0.77 billion barrels and with an upside of 1.44 billion barrels, commenced on 20 December 2020 in The Bahamas, ....

Trinidad And Tobago , City Of , United Kingdom , South West Peninsula , Simon Potter , Chris Sim Rahul Sharma , Weg Naar Zee , Nathan Rayner , Toby Gibbs , London Stock Exchange , Institution Of Engineers , Ministry Of Energy , Bahamas Petroleum Company , Oil Gas Companies , Shore Capital Stockbrokers , Company Operations , Society Of Petroleum Engineers , Strand Hanson , Investec Bank Plc , Columbus Energy Resources Plc , Petroleum Company , Funding Option Agreement , Extended Well Test , Weg Naar Zee Block , Presidential Decree , Exploration Period ,

Portfolio Operations and Funding Update, 7 Jan 2021 01:00

BPC, the Caribbean and Atlantic margin focused oil and gas company, with production, appraisal, development and exploration assets across the region, is pleased to provide an update on its operations across its portfolio, as at the start of 2021.

Highlights
·    Achieved production target of 500 bopd by end of 2020; end 2021 target remains at 2,500 bopd
·    On track to deliver extensive 2021 drilling campaigns; commencing with Saffron #2 in Trinidad and Tobago, and Weg Naar Zee extended well test in Suriname
·    Delivered certified 2P reserves and 3C resources targets; seismic reprocessing and drilling to drive further restatement in Q2 2021
·    100% owned Perseverance #1 exploration well, targeting recoverable P50 prospective oil resources of 0.77 billion barrels and with an upside of 1.44 billion barrels, commenced on 20 December 2020 in The Bahamas, with drilling ongoing ....

Trinidad And Tobago , City Of , United Kingdom , South West Peninsula , Simon Potter , Chris Sim Rahul Sharma , Weg Naar Zee , Nathan Rayner , Toby Gibbs , London Stock Exchange , Institution Of Engineers , Ministry Of Energy , Bahamas Petroleum Company , Oil Gas Companies , Shore Capital Stockbrokers , Company Operations , Society Of Petroleum Engineers , Strand Hanson , Investec Bank Plc , Columbus Energy Resources Plc , Petroleum Company , Funding Option Agreement , Extended Well Test , Weg Naar Zee Block , Presidential Decree , Exploration Period ,

Investegate |Bahamas Petroleum Co Announcements | Bahamas Petroleum Co: Further Update on Court Process in The Bahamas

Investec Bank Plc - Joint Broker
Chris Sim / Rahul Sharma
CAMARCO
Tel: +44 (0) 020 3757 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. BPC is currently drilling an initial exploration well in The Bahamas, Perseverance #1, with the well targeting recoverable P
50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. In Trinidad and Tobago, BPC has five producing fields, two appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. BPC s exploration licence in Uruguay is highly prospective, with a potential resource of 1 billion barrels of oil equival ....

Trinidad And Tobago , City Of , United Kingdom , South West Peninsula , Simon Potter , Chris Sim Rahul Sharma , Toby Gibbs , Justice Petra Hanna Weekes , Shore Capital Stockbrokers , Supreme Court , London Stock Exchange , Strand Hanson , Investec Bank Plc , Bahamas Petroleum Company , Petroleum Company , Court Process , Honourable Justice Petra Hanna Weekes , Judicial Review , Market Abuse Regulation , Chief Executive , Hanson Limited , James Spinney , Capital Stockbrokers Limited , Bank Plc , South West , London Stock ,

Further Update on Court Process in The Bahamas, 31 Dec 2020 01:00

Investec Bank Plc - Joint Broker
Chris Sim / Rahul Sharma
CAMARCO
Tel: +44 (0) 020 3757 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. BPC is currently drilling an initial exploration well in The Bahamas, Perseverance #1, with the well targeting recoverable P
50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. In Trinidad and Tobago, BPC has five producing fields, two appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. BPC s exploration licence in Uruguay is highly prospective, with a potential resource of 1 billion barrels of oil equivalent. In Suriname, BPC has an onshore appraisal / development project. ....

Trinidad And Tobago , City Of , United Kingdom , South West Peninsula , Simon Potter , Chris Sim Rahul Sharma , Toby Gibbs , Justice Petra Hanna Weekes , Shore Capital Stockbrokers , Supreme Court , London Stock Exchange , Strand Hanson , Investec Bank Plc , Bahamas Petroleum Company , Petroleum Company , Court Process , Honourable Justice Petra Hanna Weekes , Judicial Review , Market Abuse Regulation , Chief Executive , Hanson Limited , James Spinney , Capital Stockbrokers Limited , Bank Plc , South West , London Stock ,