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Date/Time	Headline	Source
1
26-10-09	BPC Ltd - Directorate Change	RNS
RNS Number : 3336B BPC Ltd 26 October 2009 `26 October 2009` BPC Limited ("BPC" or the "Company") Directorate Change BPC, the oil and gas exploration company with licences in The Bahamas, is pleased to announce the appointment of Robert Thomas Dursley Stott ("Dursley") as Non-Executive Director of the Company with immediate effect. BPCs Chairman and CEO, Alan Burns, commented: I am delighted to welcome Dursley to the Board of BPC. His extensive experience at plc board level, coupled with his broad commercial and international expertise, will compliment the knowledge and skills of the rest of the Board to support the Companys next growth phase. The following information is provided pursuant to paragraph (g) Schedule Two of the AIM rules: Robert Thomas Dursley Stott (aged 74): `Current Past Directorships/Partnerships over the` Directorships/Partnerships: last 5 years: Investment Interest Management Book Post Plc Limited `New Earth Recycling & Isle of Man Steam Packet Company Limited` `Renewables (Infrastructure) Sefton Hotel Limited` plc Premier Balanced Fund Premier Investment Opportunities Fund Protected Cell Company plc Premier Low Risk Fund Plc Premier Optima Series 2 Fund plc Premier Optima Series 3 Fund plc Premier Optima Series 4 Fund plc Premier Optima Series Fund plc Premier Portfolio Fund Premier Property Option Fund plc Premier Protected Cell Company plc Ramsey Crookall & Co. Ltd The Eclipse Investment Fund Protected Cell Company plc The Premier Property Options Fund Protected Cell Company plc Ends - For further information contact: BPC Limited `Alan Burns, Chairman and CEO Tel: +44(0) 1624 641199` `Dr Paul Crevello, Chief Operating Officer Tel: +1 720 771 7583` Strand Hanson Limited `Rory Murphy / Liam Buswell Tel: +44 (0)20 7409 3494` Novus Capital Markets Ltd `Charles Goodfellow / Paul Dudley Tel: +44 (0)20 7107 1872` Financial Dynamics `Billy Clegg / Ed Westropp Tel: +44( 0)20 7831 3113` This information is provided by RNS The company news service from the London Stock Exchange END BOAQXLFLKBBFFBV More
22-10-09	BPC Ltd - Holding in Company	RNS
RNS Number : 2577B BPC Ltd 22 October 2009 22 October 2009 BPC Ltd ("BPC" or the "Company") Holding in Company BPC, the oil and gas exploration company with licences in The Bahamas, announces that it has today been notified by Edgewater Estates Limited ("Edgewater") that, following market sales ending on 5 October 2009, Edgewater no longer holds a notifiable interest in the issued ordinary share capital of the Company. For further information contact: BPC Limited `Alan Burns, Chairman and CEO Tel: +61(0)8 9286 2200` `Dr Paul Crevello, Chief Operating Officer Tel: +1 720 771 7583` Strand Hanson Limited `Rory Murphy / Liam Buswell Tel: +44 (0)20 7409 3494` Novus Capital Markets Ltd `Charles Goodfellow / Paul Dudley Tel: +44 (0)20 7107 1872` Financial Dynamics `Billy Clegg / Ed Westropp Tel: +44( 0)20 7831 3113` This information is provided by RNS The company news service from the London Stock Exchange END HOLELLFLKBBZFBL More
16-10-09	BPC Ltd - Directorate Change	RNS
RNS Number : 8812A BPC Ltd 16 October 2009 16 October 2009 BPC Ltd ("BPC" or the "Company") Directorate Change BPC, the oil and gas exploration company with licences in The Bahamas, today announces the resignation of Mr. Mark Savage as Non-Executive Director of the Company with immediate effect. Mr. Savage's long serving directorship and past contributions have been very important in the formative stage of the Company, however, as a US Citizen and resident, Mark has advised the Company that he is no longer able to fulfill the role of non-executive director to BPC. The board of directors of BPC wishes him well in his future endeavors. BPC expects to announce the appointment of a new non-executive director in the near future. For further information contact: `BPC Limited Tel. +61(0)8 9286 2200` Alan Burns, Chairman and CEO `Dr Paul Crevello, Chief +1 720 771 7583` Operating Officer `Strand Partners Limited Tel: +44 (0) 20 7409 3494` Rory Murphy / Liam Buswell `Novus Capital Markets Ltd Tel: +44 (0) 20 7107 1872` Charles Goodfellow `Financial Dynamics Tel: +44( 0) 20 7831 3113` Billy Clegg / Ed Westropp This information is provided by RNS The company news service from the London Stock Exchange END BOAQELFFKBBZFBD More
15-10-09	BPC Ltd - Change of Name of Nominated Adviser	RNS
RNS Number : 8501A BPC Ltd 15 October 2009 BPC Limited ("BPC" or the "Company") Change of Name of Nominated Adviser The Company announces that Strand Partners Limited, the Company's Nominated Adviser, has changed its name to Strand Hanson Limited with immediate effect. For further information: Strand Hanson Limited `Rory Murphy Tel: +44 (0) 207 409 3494` `Liam Buswell Tel: +44 (0) 207 409 3494` www.strandhanson.co.uk This information is provided by RNS The company news service from the London Stock Exchange END MSCCKPKPBBDDDKD More
30-09-09	BPC Ltd - Interim Results	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 8962Z BPC Ltd 30 September 2009 30 September 2009 BPC Limited ("BPC" or the "Company") Interim Results for the period ended 30 June 2009 Highlights: * First major exploration of The Bahamas since 1986; * New offshore joint venture with Norway's StatoilHydro; * New significant institutional investors on board following RAB Capital plc's sell down of a portion of its shareholding; * Office moved to Isle of Man with operational and financial function now under one roof; * Strand Partners Limited appointed as Nominated Adviser to the Company; and * Novus Capital Markets Limited appointed as Broker to the Company. Alan Burns, Chairman of BPC, commented: "The six months to 30 June 2009 were a transformational period for the Company, with the joint venture agreement signed with StatoilHydro and further evaluation of the technical data and core samples which we have unearthed on our licence area. I am confident about the future of our company and welcome our enlarged shareholder base as a result of RAB Capital plc's ("RAB") sale of a portion of its holding. The remainder of this financial year and into 2010 will be a very active time for the business and I look forward to bringing you news of the further development of our exploration licence area." Enquiries: BPC Limited Alan Burns, Chairman & CEO +61 407 551 001 Dr Paul Crevello, COO +1 720 771 7583 Strand Partners Limited (Nominated Adviser) Rory Murphy / Liam Buswell 020 7409 3494 Novus Capital Markets Limited (Broker) Charles Goodfellow 020 7107 1872 Financial Dynamics Billy Clegg / Ed Westropp 020 7831 3113 Chairman's Statement I am pleased to advise shareholders that the Company is progressing as planned and we welcome the association with StatoilHydro as previously announced. The large amount of technical data and well cores from The Bahamas licence area, which we have located over the last several years, are proving to be very valuable and we are continually unearthing interesting material which continues to add value to our Bahamas project. Much of this, when viewed with modern science, knowledge and techniques is, we believe, demonstrating the validity of our belief that The Bahamas harbours great prospects for oil fields in the "supergiant" category. We have adequate funds for the time being and are focussing on the StatoilHydro project, discussions with other companies and generally progressing our extensive and unique knowledge base of The Bahamas petroleum geology. Additionally, I am delighted to welcome Strand Partners Limited as our nominated financial adviser and Novus Capital Markets Limited as our nominated broker, both of whom I look forward to working with to enhance shareholder value. Statoil agreement In May 2009, we announced a new offshore joint venture with Norway's StatoilHydro to launch the first major exploration project in Bahamian waters since 1986 (the "Joint Agreement" or the "JV"). The competent persons report published by Moyes & Co., Inc in 2008 (the "CPR"), stated that there could be multiple 500 MMBOE oil fields in 18 leads recognised in BPC's southern Bahamas licenced area. The CPR evaluated BPC's licenced area adjacent to and along trend of the JV area. Additionally, a U.S. Geological Survey published in 2008, studying the offshore northwest Cuba Basin, estimates a potential of 7-14 billion barrels equivalent (oil and gas) of undiscovered resources. We have adequate funds to meet our current requirements and are focussing on the StatoilHydro project and discussions with other companies, whilst developing our extensive and unique knowledge base of The Bahamas petroleum geology. The licences included in the Joint Agreement are new licence areas for BPC in the south west of The Bahamas and are still under application, pending the approval of the Government of the Commonwealth of The Bahamas. The JV area is adjacent to four wholly owned licenses held by BPC in The Bahamas, as well as near an existing license held by StatoilHydro in adjacent Cuban waters. The Joint Agreement is conditional on the relevant new licences being awarded to BPC and assignment with StatoilHydro. It is hoped the applications will be processed before the end of 2009. Outlook On 11 September 2009, we were informed by RAB, that it had sold 32.5 per cent. of its holding in BPC to a range of institutional investors, retaining a 19.8 per cent. stake. Therefore, whilst RAB has maintained a significant stake in the business, it has allowed a number of well-known institutional investors access onto the Company's shareholder register, significantly broadening our shareholder base. Furthermore, in order to streamline our operations, we have now set up a business office in the Isle of Man, where Mike Proffitt, our Finance Director and I are now resident. I am confident about the future of our company and welcome our enlarged shareholder base. The remainder of this financial year and into 2010 will be a very active time for the business and I look forward to bringing you news of the further development of our exploration licence area. Alan Burns Chairman Interim consolidated income statement for the six months ended 30 June 2009 (unaudited) Six months Six months Year ended ended 30 June ended 30 June 31 December 2009 2008 2008 (Unaudited) (Unaudited) (Audited) (Restated) $ $ $ Finance income 4,251 18,574 57,492 Finance costs - - (86,500) Employee benefits expense (351,957) (488,051) (1,092,552) Depreciation and amortisation (39,213) (41,645) (84,090) expense Loss on disposal of fixed (13,147) - (495) assets Impairment of goodwill - - (233,351) Other expenses (145,053) (437,710) (2,121,839) Loss before tax (545,119) (948,832) (3,561,335) Income tax expense - - - Loss after tax attributable to (545,119) (948,832) (3,561,335) the equity holders of the parent Interim statement of comprehensive income for the six months ended 30 June 2009 (unaudited) Six months Six month Year ended Ended ended 31 December 30 June 2009 30 June 2008 2008 (Unaudited) (Unaudited) (Audited) (Restated) $ $ $ Profit/(loss) for the year (545,119) (948,832) (3,561,335) Other comprehensive income Exchange differences on (125,370) (21,502) 130,230 translating foreign operations Total comprehensive (670,489) (970,334) (3,431,105) income/(expense) for the year Interim consolidated statement in changes in equity for the six months ended 30 June 2009 (unaudited) Share Share Reverse Share Other Retained Total capital Premium Acquisition Based reserves earnings equity reserve reserve Payment reserve $ $ $ $ $ $ $ Balance at 1 Jan 28,764 73,634,186 (53,846,526) 300,139 125,298 (11,893,919) 8,347,942 2009 Changes in equity 1 Jan 2009 to 30 June 2009 Total comprehensive income for - - - - (125,373) (545,119) (670,492) the year Balance at 30 June 2009 28,764 73,634,186 (53,846,526) 300,139 (75) (12,439,038) 7,677,450 Interim consolidated statement in changes in equity for the six months ended 30 June 2008 (unaudited) Share capital Share premium Share based payment Other reserves Retained earnings Total equity reserve reserve $ $ $ $ $ $ Balance at 1 Jan 2008 1,118,700 11,871,197 253,799 (4,932) (8,332,584) 4,906,180 Changes in equity 1 Jan 2008 to 30 June 2008 Total comprehensive income for - - - (21,502) (948,832) (970,334) the year Value of employee services - - 28,126 - - 28,126 Options exercised 66,950 702,550 - - - 769,500 Balance at 30 June 2008 1,185,650 12,573,747 281,925 (26,434) (9,281,416) 4,733,472 Consolidated statement in changes in equity for the year ended 31 December 2008 (Audited) Share Share Reverse Share Other Retained Total capital Premium Acquisition Based reserves earnings equity reserve reserve Payment reserve $ $ $ $ $ $ $ Balance at 31 December 2007 1,118,700 11,871,197 - 253,799 (4,932) (8,332,584) 4,906,180 Changes in equity 2008 Total comprehensive income for - - - - 130,230 (3,561,335) (3,431,105) the year Value of employee services - - - 28,126 - - 28,126 Options exercised 66,950 702,550 - - - - 769,500 1,185,650 12,573,747 - 281,925 125,298 (11,893,919) 2,272,701 BPC Limited (formerly FGML) Balance at 1 January 2008 - - - 281,925 125,298 (8,332,584) (7,925,361) arising in legacy BPC Jersey Limited Total comprehensive income for - - - - - (3,561,335) (3,561,335) the year Shares prior to acquisition 2,850 18,594,187 - - - - 18,597,037 Issue of share capital on 25,914 55,039,999 (53,846,526) - - - 1,219,387 business combination Share options - value of services - - - 18,214 - - 18,214 Balance at 31 December 2008 28,764 73,634,186 (53,846,526) 300,139 125,298 (11,893,919) 8,347,942 Interim balance sheet at 30 June 2009 30 June 30 June 31 December 2009 2008 2008 (Unaudited) (Unaudited) (Audited) $ $ $ Non-current assets Cash not available for use 165,111 1,109,665 1,204,616 Property, plant and equipment 70,200 168,494 117,277 Exploration and evaluation 4,170,426 3,804,499 4,055,587 assets Current assets Cash and cash equivalents 2,883,656 1,034,105 3,004,451 Trade and other receivables 553,554 521,727 507,393 Total assets 7,842,947 6,638,490 8,889,324 Current liabilities Trade and other payables 165,497 359,566 541,382 Loan notes payable - 1,545,452 - Total liabilities 165,497 1,905,018 541,382 NET ASSETS 7,677,450 4,733,472 8,347,942 Interim balance sheet at 30 June 2009 (continued) 30 June 30 June 31 December 2009 2008 2008 (Unaudited) (Unaudited) (Audited) $ $ $ Capital and reserves attributable to equity holders of the company Ordinary shares 28,764 1,185,650 28,764 Share premium reserve 73,634,186 12,573,748 73,634,186 Reverse acquisition reserve (53,846,526) - (53,846,526) Share based payments reserve 300,139 281,925 300,139 Other reserves (75) (26,434) 125,298 Retained earnings (12,439,038) (9,281,417) (11,893,919) Total Equity 7,677,450 4,733,472 8,347,942 These financial statements were approved by the Directors on 29 September 2009 Alan Burns, Chairman Michael Proffitt, Director Interim cash flow statement for the six months ended 30 June 2009 30 June 30 June 31 December 2009 2008 2008 (Unaudited) (Unaudited) (Audited) $ $ $ Cash flows from operating activities Payments to suppliers and (944,515) (1,295,296) (2,930,809) employees Exchange differences on (469,491) (21,502) - consolidation Net cash used in operating (1,414,006) (1,316,798) (2,930,809) activities Cash flows from investing activities Payments for property, plant - (19,122) (12,921) and equipment Proceeds from sale of 20,209 - 2,076 property, plant and equipment Payments for exploration and (114,839) (619,320) (870,408) evaluation assets Deposits for bank guarantees - (6,191) (101,142) Release of guarantee 1,052,328 - - Interest received 4,251 18,574 57,492 Net cash used in investing 961,949 (626,059) (924,903) activities Cash flows from financing activities Proceeds from issuance of - 769,500 6,826,527 ordinary shares Proceeds form the issuance of - 1,500,000 - loan notes Interest paid - - (86,500) Net cash generated/ (absorbed) - 2,269,500 6,740,027 from financing activities Net increase/(decrease) in (452,057) 326,643 2,884,315 cash and cash equivalents Cash and cash equivalents at 3,004,451 675,711 675,711 the beginning of the period Effects of exchange rate changes on cash and cash 331,262 31,751 (555,575) equivalents Cash and cash equivalents at 2,883,656 1,034,105 3,004,451 the end of the period 1. Basis of preparation This unaudited consolidated interim financial information has been prepared using the recognition and measurement principles of International Accounting Standards, International Financial Reporting Standards and Interpretations adopted for use in the European Union (collectively EU IFRSs). The principal accounting policies used in preparing the interim results are unchanged from those disclosed in the group's financial statements for the year ended 31 December 2008. It is not expected that there will be any changes or additions to these in the 2009 annual financial statements. While the financial information included in this interim consolidated financial information has been prepared in accordance with the recognition and measurement criteria of International Financial Reporting Standards as adopted by the EU (IFRSs), this interim consolidated financial information does not itself contain sufficient information to comply fully with IFRSs. The financial information for the six months ended 30 June 2009 and 30 June 2008 is unaudited and does not constitute the group's statutory financial statements for those periods. The comparative financial information for the full year ended 31 December 2008 has, however, been derived from the statutory financial statements for that period. The auditors' report on those accounts was unqualified, did not include references to any matters to which the auditors drew attention by way of emphasis without qualifying their report and did not contain a statement under section 15.4 of the Isle of Man Companies Act 1982. 2. Events after the balance sheet date On the 13 July 2009 BPC Limited signed a joint venture agreement with Norwegian energy company StatoilHydro to launch a major exploration project in Bahamian waters. The licences included in this joint venture agreement are new licence areas for BPC in the south west of the Bahamas and are still under application pending the approval of the Government of the Commonwealth of the Bahamas. The joint venture area is adjacent to four wholly owned licenses held by BPC in the Bahamas, as well as near an existing license held by StatoilHydro in adjacent Cuban waters. The agreement is conditional on the relevant new licences being awarded to BPC and assignment with StatoilHydro. It is hoped the applications will be processed before the end of 2009. This information is provided by RNS The company news service from the London Stock Exchange END IR CKCKKABKDNCB More
21-09-09	BPC Ltd - Change of Adviser	RNS
RNS Number : 4151Z BPC Ltd 21 September 2009 21 September 2009 BPC Ltd ("BPC" or the "Company") Change of Adviser BPC, the oil and gas exploration company with licences in The Bahamas, is pleased to announce that it has appointed Strand Partners Limited as Nominated Adviser to the Company with immediate effect. For further information contact: BPC Limited `Alan Burns, Chairman and CEO Tel. +61(0)8` `Dr Paul Crevello, Chief 9286 2200` `Operating Officer +1` 720 771 7583 `Strand Partners Limited Tel: +44 207409 3494` Rory Murphy / Liam Buswell `Novus Capital Markets Ltd Tel: +44 (0)20 7107 1872` Charles Goodfellow `Financial Dynamics Tel: +44 20 7831 3113` Billy Clegg / Ed Westropp This information is provided by RNS The company news service from the London Stock Exchange END APPILFSEAFILFIA More
11-09-09	BPC says institutional investors buy stake, shrs up	AFX UK Focus
RAB CUTS STAKE IN CO TO 19.8 PCT `* Edgewater Estates cut stake to 5 pct` `* Shares rise 30.4 pct` `Sept 11 (Reuters) - British oil company BPC Ltd said a number of "well-known" institutional investors bought over 272 million shares of the company after RAB Special Situations and Edgewater Estates cut their stake, sending its shares up 30 percent.` `RAB sold about 257.2 million shares of the company and now has a 19.8 percent stake, representing 156.5 million BPC shares.` `Edgewater Estates sold 15 million shares and owns about 39.7 million shares, or 5 percent in the company, BPC said.` `The company did not disclose the price of the sale or the names of the new institutional investors.` `Shares of the company were up 30.4 pct at 3.75 pence at 0854 GMT on the London Stock Exchange.` (Reporting by Shivani Singh in Bangalore; Editing by Kavita Chandran) Keywords: BPC/ (shivani.singh@thomsonreuters.com; +91 80 4135 5800; Reuters Messaging: shivani.singh.thomsonreuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
11-09-09	BPC Ltd - Holding(s) in Company	RNS
RNS Number : 9049Y BPC Ltd 11 September 2009 11 September 2009 BPC Limited ("BPC" or "the Company") Holding(s) in Company BPC, the oil and gas exploration company with licences in The Bahamas, announces that it has today been notified by RAB Capital plc, acting as discretionary manager of RAB Special Situations (Master) Fund Limited ("RAB"), that yesterday it sold 257,200,000 ordinary shares of 0.002 pence each in the capital of BPC ("Ordinary Shares"). As a result of this sale, RAB's holding in BPC now stands at 156,461,650 Ordinary Shares, representing 19.81% of the Company's share capital. The Company has also been notified that Edgewater Estates Limited yesterday sold 15,000,000 Ordinary Shares. As a result, Edgewater Estates Limited's holding in BPC now stands at 39,694,500 representing 5.03% of the Company's share capital. The Ordinary Shares sold by both RAB Special Situations and Edgewater Estates Limited have been placed with a range of institutional investors. Alan Burns, Chairman of BPC, commented: "The Board of BPC is delighted by this news which brings a number of well-known institutional investors on to BPC's shareholder register and significantly broadens our shareholder base. We believe that BPC has a great future ahead of it and that all of our shareholders will be justly rewarded. I would also like to thank RAB for its past and continuing support". Enquiries: BPC Limited `Alan Burns, Chairman & CEO +61 407 551 001` `Dr Paul Crevello, COO +1 720 771 7583` Ambrian Partners Limited (Nominated Adviser) `Richard Swindells 020 7634 4856` Novus Capital Markets Limited (Broker) `Charles Goodfellow 020 7107 1872` Financial Dynamics `Billy Clegg / Ed Westropp 020 7831 3113` This information is provided by RNS The company news service from the London Stock Exchange END HOLGUUBWBUPBUMG More

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