Bahamas Petroleum (BPC) expects further significant growth in 2011, as it eyes up its first high impact well next year.<\/p>\n
The AIM-listed company described 2010 as a “busy year” in which it said it experienced significant growth in shareholder value during the final quarter thanks to the positive results of its seismic programmes.<\/p>\n
Results from its 2D seismic surveys revealed giant structures up to 70 kilometres long, with four-way vertical closure from 100 metres to substantially over a kilometre. Based on the success of these programmes, Bahamas Petroleum applied for two additional licences, currently under review by the Bahamian government.<\/p>\n
The progress made has left it anticipating further significant growth this year, with the potential completion of farm-ins as it looks to best position itself ahead of next year’s drilling.<\/p>\n","protected":false},"excerpt":{"rendered":"
While government officials assure Bahamians that there will be no drilling for oil, Bahamas Petroleum seems sure there will be.<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10223285771444175_51037792744":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[12],"tags":[153,76,98,40,79,70],"class_list":["post-8865","post","type-post","status-publish","format-standard","hentry","category-headlines","tag-business-2","tag-environment-2","tag-financial","tag-government","tag-marine","tag-ocean"],"_links":{"self":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8865","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/comments?post=8865"}],"version-history":[{"count":0,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/posts\/8865\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/media?parent=8865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/categories?post=8865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bahamasb2b.com\/news\/wp-json\/wp\/v2\/tags?post=8865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}