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(AIM BPC) THE BAHAMAS

FirstEnergy Conference Toronto – 17-18 May 2011 - Bahamas ...

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Bahamas Petroleum Company Technical Achievements<br />

(2006-2011)<br />

• Retrieved and described original<br />

core and cutting samples<br />

• Completed modern computer<br />

workstation analysis: seismic, well<br />

logs, gravity and magnetics<br />

• Petro-physics well log analysis on<br />

original digital and scanned logs<br />

• Seismic and borehole structural<br />

geologic analysis<br />

• Risk analyses, cost comparisons<br />

and reservoir simulations<br />

• Geochemistry and petroleum<br />

systems evaluation<br />

* *<br />

*<br />

*<br />

**<br />

*<br />

*<br />

• Shot new advanced 2D seismic,<br />

gravity and magnetics on its 100%<br />

owned areas in June 2010 and<br />

January 2011<br />

• Conducted environmental survey on<br />

Cay Sal<br />

•Cay Sal and 3rd Round Licence Applications contingent on lifting of<br />

Government imposed application freeze (appendix 6.1.)<br />

** Not all licences have been granted<br />

36 prospects and leads confirmed 13

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