Bahamas Petroleum, the Caribbean and Atlantic margin focused oil and gas company, with exploration, production, appraisal and development assets across the region, confirms that the merger with Columbus Energy Resources Plc, effected by means of a Court sanctioned scheme of arrangement, has been sanctioned by the Court.

Simon Potter, Chief Executive Officer of Bahamas Petroleum Company plc commented:
"Completion of the merger is a milestone for BPC as we move forward with our vision to create a business with a range of assets representative of each phase of our industry - a full-cycle exploration and production business. I would like to thank our existing shareholders for their support, and at the same time welcome our new shareholders to this expanded company that, in our view, will be much better equipped to thrive in the currently prevailing industry conditions. The Board and the entire team at BPC is committed to leveraging operations in our new assets in Trinidad, Suriname and Uruguay, as well completing our Perseverance #1 well in The Bahamas so that the newly combined assets deliver exceptional shareholder value." 

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