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, […]

MIND YOUR BUSINESS: BPC fires back at “unsolicited foreign advice” to govt over license extension

NASSAU, BAHAMAS — Bahamas Petroleum Company (BPC) has fired back at a US-based non-profit that recently asserted the Bahamian government has full legal authority to deny the Bahamas Petroleum Company’s (BPC) request to review its licenses. BPC said in a statement yesterday it is “entirely spurious for foreign environmental groups to offer unsolicited legal advice […]

CHALLENGED: Govt has “legal authority” to deny BPC license renewal, says US non-profit

Earthjustice: Denying BPC not only within lawful authority of The Bahamas but also consistent with govt’s public opposition to oil drilling NASSAU, BAHAMAS — A US-based non-profit specializing in environmental law, Earthjustice, has asserted that the Bahamian government has full legal authority to deny the Bahamas Petroleum Company’s (BPC) request to review its licenses. The […]

SEEKING CLARITY: Oil drilling opponents claim BPC owes govt for license fees; call on company to clarify

BREEF head: BPC must sort out license fees before applying to renew But BPC new incoming CEO says oil company has “the right to extend” its licenses NASSAU, BAHAMAS — Oil exploration opponents have called for “clarity” of Bahamas Petroleum Company’s (BPC) license fees, while “vehemently” rejecting assertions by its chief executive that the company […]

BYE-BYE, BPC: Lombard Odier reportedly ditches £11M stake in Bahamas oil exploration project

NASSAU, BAHAMAS — As The Bahamas Petroleum Company (BPC) undertakes a “reset” and changes its name to Challenger Energy Group, PLC, one of its financiers has reportedly divested itself entirely of its stake in its Bahamas oil exploration project. According to a Responsible Investor report, Lombard Odier Investment Management (LOIM) has divested an £11.25 million […]

RESET: BPC CEO to step down as company rebrands to Challenger Energy Group, PLC

Commercial Director Eytan Uliel to replace Potter as CEO Company still seeking to drill another exploratory well after initial failure NASSAU, BAHAMAS — The Bahamas Petroleum Company (BPC) has undertaken a “reset” inclusive of a name change as well as changes to its board of directors and upper management, some two months after its exploratory […]