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Oil explorer chief increases his stake

Bahamas Petroleum Company’s (BPC) chief executive and chairman yesterday inccreased their shareholdings in the company.

Simon Potter acquired one million more ordinary shares in BPC, and chairman Bill Schrader bought 250,000 at a price of 3.72 pence each.

Following the acquisitions, Mr Potter now holds two million ordinary shares in BPC, representing about 0.16 per cent of the company’s issued share capital.

Mr Schrader holds 250,000 shares, representing approximately 0.02 per cent of the company’s issued share capital.

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