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Bahamas Petroleum says it has “not been served” as local media reports activist legal action

The explorer noted media reports in the Bahamas that environmental activists seek a judicial review of the approval granted for the Perseverance well.

Bahamas Petroleum says its “not been served” as local media reports activist legal action

Bahamas Petroleum Company PLC (LON:BPC), on Wednesday, told investors that it has not been served in relation to a speculated application to the Supreme Court of The Bahamas.

The company, in a statement, noted media speculation in The Bahamas regarding actions said to be underway by environmental activists.

It said: “BPC notes media speculation in The Bahamas to the effect that a number of environmental activists have filed an application in the Supreme Court of The Bahamas for leave to bring judicial review proceedings against the Government of The Bahamas, in relation to the Government's decision to approve the drilling of the Perseverance #1 well.

“Apart from this media speculation, BPC presently has no further knowledge in relation to this matter: BPC has not been served, and is not aware that the Government of The Bahamas has been served.

“BPC will continue to monitor the situation closely and will make a further announcement as and when it becomes aware of any material developments.”

Quick facts: Bahamas Petroleum Company PLC

Price: 0.55 GBX

Market: LSE
Market Cap: £26.61 m

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