(AIM BPC) THE BAHAMAS
December 2010 - Bahamas Petroleum Company Plc
December 2010 - Bahamas Petroleum Company Plc
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Corporate History – First Mover Advantage<br />
Bahamas<br />
Petroleum<br />
Company is<br />
founded<br />
by Alan Burns<br />
Bahamas<br />
Petroleum<br />
Company<br />
submits<br />
licence<br />
applications<br />
Board expands to<br />
include Michael<br />
Proffitt as Financial<br />
Director<br />
Five licences<br />
approved by<br />
Governor<br />
General<br />
Bahamas<br />
Petroleum<br />
Company<br />
applies for<br />
additional<br />
licences<br />
Bahamas Petroleum<br />
Company completes<br />
RTO onto <strong>AIM</strong> market<br />
through acquisition of<br />
Falkland Gold &<br />
Minerals<br />
Announces<br />
intention to redomicile<br />
Bahamas<br />
Petroleum<br />
Company in IOM<br />
30 August 2010 - Bahamian<br />
Government announces<br />
temporary freeze on licence<br />
applications<br />
Announces<br />
commencement of<br />
Seismic and<br />
environmental<br />
survey<br />
US$12 Million Spent on Geological, Geophysical and Well Core Acquisition Evaluation and Processing<br />
May‐05 Aug‐05 Mar‐06 Aug‐06 Oct‐06 Jan‐07 Apr‐07 Jul‐07 Oct‐07 2008 Jan‐09 Apr‐09 Jul‐09 Oct‐09 Jan‐10 Apr‐10 Jul‐10 Oct‐10 2011<br />
Licence<br />
awarded and<br />
reassigned<br />
November<br />
2006<br />
Paul Crevello<br />
joins<br />
Bahamas<br />
Petroleum<br />
Company as<br />
Chief<br />
Operating<br />
Officer<br />
Ministry of<br />
Energy<br />
grants the<br />
licence<br />
application<br />
Bahamas<br />
Petroleum<br />
Company signs<br />
Statoil<br />
joint exploration<br />
agreement on<br />
three licenses<br />
19 April 2010 –<br />
Ministry gazettes<br />
Bahamas<br />
Petroleum<br />
Company-Statoil<br />
Cay Sal<br />
applications<br />
20 July 2010 –<br />
Bahamas Petroleum<br />
Company Applies<br />
for 2 additional<br />
licences & tenders<br />
for additional<br />
seismic<br />
New seismic<br />
planned to<br />
mature a<br />
prospect for Q4<br />
2011<br />
* Awards pending 10
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