Member Info for brynjon

One would hope more than a $1 profit and my previous post was incorrect as I put 21.258p instead of cents.

A billion barrels at $1 a barrel profit divided by 4.704 billion would equate to 21.258p

Noviceinv - it is very rude to pinch someone's strapline - LMAO - Stay safe ;@)

I have not met you titan neither have I met Potter - however as the say poles attract.

You say he is the ramper and paid
Of course, you are the deramper - perhaps you are also paid.

Your post like mine is opinion based - Potter usually backs up his statements with facts - I have no reason to disbelieve his factual comments, whereas your own comment is usually a very biased opinion.

Just saying of course.

Potter of course is paid handsomely to promote and get the job of drilling done - he has succeeded in that - and succeeded in doing that in the face of a government who have said publically they are against it. He has managed to do it in the face of opposition by anti drill campaigners - he has the backing of a court system. He has also done it in the face of an international lockdown caused by a pandemic - also without the funding and backing of a super-major or similar.

Perhaps that is why he is getting paid - for success. And you?

It worked for me - but here is the comment anyway:

Tell the Americans to fix their national problems and don't meddle in our national affairs. Since when did Florida become concerned about environmental pollution? Have they forgotten the nerve gas dump ?

Upvote1

The top and bottom of it - a lot of ministers just stand behind the government's line - There is nothing further to say - it has been a government decision and the legislation means we allow it.
“We are allowing the drilling to take place because of the agreement that is in place."
There is a bit of fluff where a couple are against it BUT abide by the previous decisions.

One anti-drill suggests it would be good to know if the riches were present and it was something to consider.

"Obviously it would be good to know that we have that as an asset. It’s quite possible that some agreement has been signed that goes beyond just the discovery and that persons may have additional rights."

The crux can be summed up by the comment

“We have a very pristine environment to protect and if we are going to be the ones that could be potentially adversely affected then we ought to be the ones to enjoy the lion’s share of any particular resource. In regards to taking it to a referendum, as a Cabinet Minister I cannot speak to that issue right now. Collectively the Cabinet would make such a decision.”

MONEY will of course be the deciding factor.

You will note I have cherry-picked out some comments, but they can be read with the full context within the link - before anyone decides to have a snipe.

We will drill to the required result - a decision on what occurs next will become known soon enough.

Play nice - and see you when I see you. ;@)

http://www.tribune242.com/news/2021/jan/18/insight-so-minister-pm-doesnt-want-drilling-whats-/

Cheers bynari - good to see the voyages continuing.

Old news LLL - you can read the update on many news posts around the Bahamas - IF and a very big IF is that should the Government of the Bahamas felt in any way shape of form that BPC was defaulting Would you think (bearing in mind they have openly said they are against drilling) they would have allowed BPC to send Stena Ice Max to commence drilling?

IF the government wished to stop the drill they would have had a prima facie case to halt it as BPC had reneged on finance.

FFS why do these people keep trying to undermine people's confidence - grow up.

The drill bit is turning - the court allowed the drill to continue having heard evidence from the government as well as the anti drillers. Had BPC been the bad debtors the government would have the ideal opportunity to inform the court that the company were shy of payment.

The court never heard such a plea and the drill is allowed to complete its work.

Save The Bay declare many things which are a large stretch of the imagination.

You need to look at the newspapers - see what the headlines are - they are not about BPC or drilling for oil - YES they occasionally get a mention BUT it is not the topic of the day - look at the comments on any of the Facebook pages or news articles. The same half dozen folks are the only ones making comments - the bigger news is Bahamian Evolution who have a much bigger gang.

I've got a 29" inside leg if that is short enough.

Not sure anyone would admit shorting, though if the ego is big enough!!!

As anagram of TA's user name - attaints - affect or infect with disease or corruption - sounds quite apt.

Lee - love how you managed to get your magical '12' in, even if it did not have the p after it.

Stay safe - stay prosperous - save the NHS ;@)

...it is the tourists that arrive in floating cities - that they were going to be scared away by any potential oil spills.

http://www.tribune242.com/news/2021/jan/18/why-silence-damage-seabeds/

So complain that tourism will be ruined and also the damage caused by tourism = Catch 22.

There will have been a number of funding issues that have raised since the interviews with EU and SP.

Extended Covid, additional drilling, legal fees (I would say course fees but by all accounts, SP does not play ;@) ) and whatever else has cropped up in between times at our other sites of interest.

At the AGM shareholders voted in favour of the additional allotments and whilst I am peeved about the timing and the type of funding sought, I have to trust in the BoD to ensure they are doing things in the best way they can in the circumstances.

If (as we all hope) we find commercial quantities of oil, our next problem is what do we do with it?

If we do not get bought out if we do not get sold down the river by the GoB and the courts, where will the money come from? That additional funding we have already authorised the BoD to access?

There are a few weeks to go before we learn - we may even hear at the forthcoming Proactive meeting on 28th.

Keep an eye on the HO Ships Clearview and Blackfoot to see if they keep visiting the IceMax.

Can we just put a sock in it for a while - the $2 billion mentioned in the interview has to come from somewhere. The only industry that would create that sort of cash short term would be the oil industry.

We are being a little finickity over whether the $2 is the SWF or the SNIF - whichever way it is, there is a sum of $2b to be found from somewhere and my nose smelled oil as the source for that income.

As has been said - there may be no oil which will leave a big amount of egg on Simon Potter's face and a bigger dent in our pockets.

I believe the majority of posters, not on my filter, have the best interests of shareholders at heart and a little egotism/narcissim has taken over the house and as an individual would hope normality will resume and we can all put out handbags away like the good citizens we are.

Stay safe, sniff out the news and post it freely. ;@)

Having listened to that newsclip the wording is: -

"In an effort to reduce government expenses for the rest of the fiscal period a Sub National Infrastructure Fund will also be created to address the $2 billion infrastructural needs"

NewIntheHousee - not sure you are keeping abreast of the situation with regards to shares in issue.

Volume at present, both buy and sell, is not even close to 1% of shares in issue - keep your cap on chap.

bynari - the Clearview is at Fourchon and the Blackfoot heading to Palm Beach - Not sure whether that is significant or otherwise. Will be interesting to see their next movements.

Star, I had a few comments with a poster recently on a local board regarding the non-payment of fees owed. That was perhaps a few days before that news article. I assume that matter was more well known.

This is from the post "BPC agreed to pay a lot of money to the government, then failed to do so. Reneged on any or all of their licensing fees over the years. The extent of their failure to pay remains undisclosed. Last year, they reached a settlement deal with the government over those unpaid fees, for $900k of what should have been up to $12million. See, in the weeks before, they launched a mutual fund to attract Bahamian investors, raised exactly $900k from us, and used it to settle their unpaid bill! That’s right - WE paid our own government, not BPC."

I have already shown my lack of knowledge of the Bahamas, so perhaps I should not dispute the above.

My bad CC - Do any of the others have their own newspaper?