OIL EXPLORER TO 'MOST DEFINITELY' BISX LIST IN 2012

Mon, Jan 16th 2012, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

A BAHAMAS-based oil exploration company is "most definitely" seeking to list on the local stock market this year via a Bahamian Depository Receipt (BDR) offering, its chief executive yesterday describing the data quality from its 3D seismic survey of this nation's waters as "excellent".

Simon Potter told Tribune Business the Bahamas Petroleum Company (BPC) wanted to list on the Bahamas International Securities Exchange (BISX) "sooner rather than later", the aim being to give Bahamians an opportunity to participate in any upside the company may generate.

That could be considerable if BPC finds commercial quantities of oil ...

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