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I read somewhere in HE web site that the dev capital was around $80 million.
They either raise, borrow or farm out. once that dust settles then we will see the potential in HE
some way to go in my opinion but for short term traders opportunities in the meantime
CERP wanted a piece of the pie. A successful drill would have funded all their programs
but exploration is a big risk.
now pick up the pieces and start again with a view , eventually!! to getting value from the Bahamas
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where can we put questions to bpc regarding the recent presentation?
im interested in any forward projections on costs , revenues.
bpc might have provided net cash flow and capital but id like to see more on costs , reductions etc.
its not the position but what vessels are nearby
some history of previous drills
https://bahamaspress.com/the-bahamas-not-only-has-oil-it-sits-on-the-worlds-greatest-treasure-17-billion-barrels-were-discovered-in-1986/
suggest senitor comments on this
Looking at progress of icemax I cant help but notice large numbers of tankers sailing from the gulf passing through Bahamian waters.
No protest is raised about those and if there was a spill from any of those !!!!
There is no comment from these people
someone correct me if i am wrong but the process for judicial review from the application to the handing down of judgement takes months.
No problem ice max can hide behind the tankers
Good point made
And , it’s only an application for a review
The review most probably not take place until next year with a judgment a couple of months later
Maybe only an injunction would delay the drill and that is an expensive action at any time
doesn't seem to be a problem for oil tankers to transit Bahamian waters. look at marine traffic web site shows lots of tankers just north of nassau.
distance canaries to nassau 3267 nm (ice max moored in Las Palmas)
transit speed 12kn
approx 12days subject to weather
lots of people , control of economics, it will recover faster than we think. main paradigm is how we will deal with virus and similar in future, an amended but not changed world
does anyone know of any information about the Zarubezhneft drill? they encountered difficulties. Is the BPC drill in similar geology?