Bahamas Petroleum Company Plc Provides Technical Update On Drilling Operations

The company has undertaken a seismic attribute study of its 3D data in order to correctly determine fracture and fault networks local to intended locations of wells.

Geophysical/seismic interpretation studies have indicated the presence of direct hydrocarbon indicators, strong amplitude conformation to the structure, with amplitude termination, switch-off against faults, and seismic velocity reduction and variations between the target structure and the surrounding areas.

The company considers these results to be crucial indicators of the presence of hydrocarbons in the structures.

On 3rd September 2019, at the time of writing, GMT 10:17 AM, BPC shares were quoted at GBX 3.10, up 0.25 points or 8.77% over the previous day closing price.