“We had hoped for ‘instant gratification’ with Perseverance #1, which was not the case” NASSAU, BAHAMAS — Challenger Energy executives said the company’s share price has declined markedly after it was revealed that its exploratory well in The Bahamas did not result in a commercial discovery. The company, formerly known as the Bahamas Petroleum Company […]
Our Islands, Our Future advises govt not to “flirt with an enemy of humanity” by leaving the door open for renewed oil drilling NASSAU, BAHAMAS — A coalition of environmental organizations and businesses has renewed its call for a nationwide permanent ban on oil drilling in The Bahamas, calling it an “absolute necessity” in the […]
NASSAU, BAHAMAS — Challenger Energy, formerly the Bahamas Petroleum Company (BPC), said it is has “reinvigorated” the process to find a suitable farm-in partner for its next phase of oil exploration activity in the country. Eytan Uliel, Challenger Energy’s CEO, noted: “As I have commented previously, it is often the case in our industry that […]
NASSAU, BAHAMAS — Challenger Energy’s chief executive said the company’s confidence in The Bahamas as a reliable investment location has been reinforced after an environmentalist-driven judicial review was discontinued in court. The Supreme Court last week endorsed a consent order that effectively brought to an end a judicial review of the government’s approvals to the […]
NASSAU, BAHAMAS — Bahamas Petroleum Company (BPC) yesterday announced that it has officially changed its name to Challenger Energy Group PLC, a move that coincided with the company raising nearly $10 million through a share offering. According to the company, the name change was legally adopted yesterday as the result of its expanding commercial portfolio, […]
