Bahamas Petroleum, the oil and gas exploration company with licences in The Bahamas, is pleased to announce that the company has completed the acquisition of 1120 km of long-cable (8km) 2D seismic in its southern licences. The new seismic survey has confirmed the presence of multiple prospects, some of which are 4-way closure in nature and some of which are combination stratigraphic-structural traps.
I’ll defer to the geologists regarding the significance of this announcement, but the results would seem to provide further encouragement for the island nation’s exploratory drilling plans. Will Florida politicians try to bully the Bahamas the way they have been bullying Cuba?
Bud's Offshore Energy (BOE) 
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