BARELY SURVIVED: Expanded portfolio saved oil company after failed exploratory well, says exec

“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 […]

“TAKE HEED”: Environmentalists argue permanent ban on oil drilling “absolute necessity” for The Bahamas

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 […]

THE SEARCH IS ON: Oil exploration company continues seeking farm-in partner while aiming to renew licenses

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 […]

UNDETERRED: Oil company still views Bahamas as ripe for investment after judicial review discontinued

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 […]

THE NEXT CHAPTER: BPC raises near US $10M as company officially rebrands as Challenger Energy

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, […]