Bahamas Petroleum changes name

Offshore staff

DOUGLAS, Isle of Man – Bahamas Petroleum Co. has changed its name to Challenger Energy Group PLC.

Eytan Uliel, Challenger Energy CEO designate, said: “As Challenger Energy, our immediate strategic priority is to drive production and cashflow growth, through intelligent management and deployment of our resources. Our change of name, and the broader corporate reset currently underway, is in support of this strategic priority, which we see as the lynchpin for shareholder value growth both in the near-term and in the years ahead.”

The company’s recent well on the Perseverance prospect offshore The Bahamas indicated the presence of hydrocarbons.

05/21/2021