17th Jun 2015 08:47
LONDON (Alliance News) - Bahamas Petroleum Company PLC Wednesday said that the licence renewal process for its four southern licences in the Bahamas is now formally complete.
The company entered into a licence renewal addendum with the Bahamian government in May, which the governor-general has now signed, Bahamas Petroleum said.
The second exploration term of the four southern licences will now run until June 8, 2018.
Shares in Bahamas Petroleum were trading up 5.0% at 2.20 pence Wednesday morning.
By Karolina Kaminska; [email protected] @KarolinaAllNews
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