One of the most popular regulatory stories was Bahamas Petroleum (LON:BPC), which said that the political uncertainty over exploration around the sunshine islands is dissipating.

In its results statement for the six months to June 30, the AIM listed group said it now has a “clear mandate” to proceed with exploration of its licences with an obligation to drill its first well by April 2015. A second will commence by April 2017.

This follows a decision by the government to defer a referendum on future oil development until after the exploration phase is completed and only once commercial reserves have been established.

This is an excerpt from Proactive Investors as it appeared on August 6, 2013. For updates or to read the current version of this post in its entirety, please click here.

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