Bahamas Petroleum Company PLC's (LON:BPC) Eytan Uliel discusses with Proactive London's Andrew Scott plans to raise £7mln, to go with a previously announced £10.25mln, as the firm continues to work towards a H1 2020 drill date for an exploration well.
He says efforts to bring in an industry-based funding partner via a farm-out transaction continues, but, these separate funding activities mean the company doesn’t need to put its plans on-hold whilst it awaits a deal.