(AIM BPC) THE BAHAMAS

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Middle East Oil Map with overlay of Bahamas licences for size comparison only - Bahamas Petroleum Company owns no licences outside The Commonwealth of Bahamas 6
Historical Bahamas Activity WELL YEAR OPERATOR TOTAL DEPTH AGE AT TOTAL DEPTH Andros Island – 1 1947 Superior 4.446m Early Cretaceous Cay Sal – 1 1959 Bahamas California Long Island – 1 1970 Bahamas Gulf Great Isaac – 1 1971 Bahamas California 5.763m Jurassic or Early Cretaceous 5.351m Jurassic or Early Cretaceous 5.440m Jurassic Doubloon Saxon – 1 1986 Tenneco 6.626m Early Cretaceous • Five wells drilled in The Bahamas between 1947-1986 − Indicate active petroleum systems based on the presence of oil shows of varying quality, abundant reservoirs and seals, indications of source rocks and hydrocarbon saturations from log interpretation • Due largely to the lack of deepwater drilling capability and seismic expertise, all licences were abandoned prior to 1988 with the exception of Kerr McGee who undertook a nominal program north of the Bahamas Islands, subsequently exiting in 2006 • All Bahamian Government geological technical data was destroyed in 1980’s hurricanes • No compelling incentive for international exploration activity post-1985 given crashes in oil and commodity prices from 1986 to 2003 which led companies to remain in more conventional producing areas Source: The Commonwealth of The Bahamas 7
Page 1 and 2: (AIM: BPC) THE BAHAMAS: A GIANT OIL
Page 3 and 4: Bahamas Petroleum Company Awarded L
Page 5: Google Image showing Generalised Gu
Page 9 and 10: Bahamas Petroleum Company’s Techn
Page 11 and 12: Bahamas Petroleum Company Board & S
Page 13 and 14: Why Bahamas? Overview • One of th
Page 15 and 16: Bahamas Petroleum Company (Red/Yell
Page 17 and 18: Previous Wells Drilled - Core Inter
Page 19 and 20: Seismic Data Analysis September 201
Page 21 and 22: Seismic Data Analysis September 201
Page 23 and 24: Corporate Overview Enterprise Value
Page 25 and 26: Licence Application Update - August
Page 27 and 28: Cuba Ramps up Exploration Activity
Page 29 and 30: Great Isaac Oolite - Anhydrite Rese
Page 31 and 32: Conclusions of the Report "The Baha

(AIM BPC) THE BAHAMAS

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