Company Information for BPC Limited

Company stock charts - 6 Month chart

AIM; BPC View full financial data

Company Statement

BPC was formed to invest in an offshore oil exploration programme in licence areas covering approximately 15,676 sq km (3.874 million acres) in the territorial waters and maritime Exclusive Economic Zone (EEZ) of The Bahamas.

The Group holds 100% interest through wholly owned subsidiaries in five Exploration Licences granted by the Government of the Commonwealth of The Bahamas. Over sixty years of sporadic exploration has been conducted in The Bahamas. However, there has been very little exploration and drilling activity, with no drilling in the last 20 years, and much of the seismic acquisition activity occurred more than 20 years ago. Five deep petroleum exploration wells have been drilled onshore or in the Bahamian shallow waters between 1947 and 1986. Two wells were drilled in BPC's current licence areas.

Company Objectives:

• Focus on bringing discoveries into production in the shortest possible time.
• Maximise the value of the substantial 100% owned offshore acreage position in The Bahamas.
• Partner with other oil companies to further explore, drill & develop projects in The Bahamas & other areas.
• Build on the knowledge developed from the data collation and assessment of the existing acreage position to identify, evaluate and acquire new licences.
• Utilise the skills of the directorate, executives and consultants to acquire new projects.

Operations and Technology

BPC Limited (BPC) was admitted to London’s AIM on 2nd September 2008 by way of a reverse takeover of Falkland Gold and Minerals Limited (FGML). In January FGML confirmed it had not been able to identify any mineral deposits of economic interest in the Falkland Islands and that it had completed its exploration activities and no further work would be carried out in that location.

The BPC Group was formed to invest in an offshore oil exploration programme in its five 100% owned licence areas in the territorial waters and maritime Exclusive Economic Zone of The Commonwealth of The Bahamas. The Bahamas is one of the most politically stable states in the region, with an uninterrupted democracy for 275 years, and its own government in place since 1973 when independence from the United Kingdom was granted. The Bahamian dollar is currently tied to the US dollar at parity. 

BPC’s portfolio comprises five petroleum exploration licences covering 15,676 km2 (3,873,546 acres) in the territorial waters and maritime Exclusive Economic Zone (EEZ) of The Commonwealth of The Bahamas. Four of the licences (Bain, Cooper, Donaldson and Eneas) are held by Bahamas Offshore Petroleum Limited, a wholly-owned Bahamian subsidiary of BPC Limited.  The isolated fifth licence (Miami) is held by Island Offshore Petroleum Limited, another wholly-owned Bahamian subsidiary of BPC Limited.

Board of Directors and Key Management

Major Shareholders

Most Recent Statement