The government has maintained that it is legally honoring its agreement with BPC to continue to grant the company continuation of its licenses for oil exploration.
Just so you know bpc bought a drill bit with never intending to use it. Honestly the fruit cakes on the chat! Get a grip we are going drilling and hopefully the geotechnical analysis and data are proven to contain hydrocarbons. Fannys
Mr Potter earlier this week said the existing rates were embedded in both the law and BPC's licence, and gave no indication they would be subject to re-negotiation in the event of commercial success. #BPC’s existing commercial terms with the Government involve a ‘sliding scale’ of royalty fees, with the rates tied to production (the daily volume of oil, measured in per barrel terms) that is extracted from Bahamian waters.
Director buy Article from shares magazine22 Oct 2020 20:53
22 October 2020, 06:02Source - SMW William Schrader, Chairman, bought 14,155,667 shares in the company on the 21st October 2020 at a price of £0.02. The Director now holds 17,845,667 shares.