Bahamas Petroleum Company (BPC) yesterday announced its plan to offer Bahamian investors an opportunity to participate in the ownership of the company via a mutual fund. BPC noted that following the clarification of its license term with the government in February and ahead of its exploratory drill-start target of March 2020, now is an opportune time to offer investment options to the Bahamian public. “In conjunction with its advisors, the company will be seeking to develop and implement a Bahamas-domiciled mutual fund investment vehicle with the sole mandate of owning BPC shares. Thus it is intended that through this mutual fund, Bahamians will be able to invest in the company and thus in the exploration and potential development of hydrocarbon resources in The Bahamas. To this end the company has engaged Leno Corporate Services Limited, a Bahamian investment services and fund management firm, to act as its adviser for this purpose,” BPC stated in a press release.

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