Bahamas Petroleum completes acquisition of Columbus Energy Resources

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Oil company Bahamas Petroleum said it had completed its acquisition of Columbus Energy Resources.

Some 868.9m Bahamas shares would be issued to Columbus investors.

'We today become a single company, in pursuit of a single-minded vision: the creation of a revenue generating, full-cycle, Atlantic margin exploration and production business,' chief executive Simon Potter said.

At 2:42pm: (LON:BPC) Bahamas Petroleum Company PLC share price was +0.22p at 2.6p