Member Info for Interestking

Ah Keith

That’s not very nice.

There is so much to look forward to in the UK this Christmas:

General Election.
Brexit decision - or not.
SNP 2nd referendum. - what does democracy mean by the way? Seems to have a different definition these days.
Jeremy probably giving another £100 billion to a group they forgot to cover in the 1/2 trillion. manifesto “PLEDGE.”
Believe it or not I am politically neutral I.e. a centrist.
However, who ever wins the pendulum will swing too far one way before stability ensues when the new generation have exercised their “democratic” right and changed the world.

By the way kids the bank of mum and dad is now shut.
GLA.

Hopefully it IS the “short of stock” code issued by the “mutual fund” broker who is inundated with buy orders!

Re tar ded

No idea why the system did ***********

******ed was the word

Hi Jim

Well thought out post and IMO this is pretty seismic - reasons:-

Potentially more cash available - I don’t care about relatively minor dilution - this will be a dud or massive.

Local vested interest - skin in the game - greed always prevails.

The Bahamas is actually very ******ed in its attitude to the indigents.
They cannot bet in casinos etc as they are perceived to be incapable of controlling their excesses.
Irrespective of the arguments thereto that is extremely patronizing.
This move could be very important for The Bahamian psychi .

Fingers crossed.
GL.

P_I and Jim
All valid points and possibilities and as usual we have to speculate for a while longer.

Bring on the bidding war I say - “once more into the breech” - literally!
GLA

Lint - sorry I’m behind the curve.

FYI
https://www.proactiveinvestors.co.uk/companies/news/907645/bahamas-petroleum-makes-first-big-purchase-order-ahead-of-drill-programme-next-year-907645.html

Carpe diem!

P_I I’ve heard that IOM is ok but not appreciated as much as some other resorts by the folks in the know.
Apparently it’s - DUG LESS!

On that note you will be pleased to know I retire for the w/e.
Bon chance mes amis.

Linton thanks.

Significant part is EIA pertaining:-

Minister of Environment and Housing Romauld Ferreira told reporters yesterday that the suite of environmental legislation debated in the House yesterday ensures that numerous considerations will be given to the protection of the environment in the case of high-risk activities like oil drilling.

“We tabled in the House of Assembly and read for a second time for debate today, the environmental suite of legislation which introduces the Environmental Protection and Planning Act, which is the equivalent of our Environmental Protection Act,” Ferreira said.

“It introduces a Department of Environment Planning and Protection, which will be charged with enforcing environmental regulations and it allows for the minister to design any number of regulations into law that pertain to, for example, oil spills and the kind of oil drilling that you’re foreshadowing.

“Every single administration has seen fit to protect the environment in some way shape or form, every single administration that has been in power. So what we’re really seeing here is a bipartisan effort on the part of successive governments to protect the environment.”

When asked what conversations government has been having with BPC since it announced its goal of drilling an exploratory oil well in March, Ferreira would say only: “That’s their own internal deadline. I’m sure they’ll have reasons they arrived at. I can’t comment on that.”

BPC will still have to receive the green light on the environmental front from the government in order to begin its drilling.

And while the government has been rather mum on the issue, BPC continues to move full steam ahead, having secured enough funding last month to carry out its first exploratory well and publicly declaring every step of its process along the way.

N.B.
1) SECOND READING.
2) INTRODUCES NEW DEPT - DOEP&P - (New depts aren’t created for no reason.)
3) “BIPARTISAN EFFORT” - can’t say that unless it’s true as opposition would have a field day.
4) BPC CONVERSATIONS.”- Some distancing - can’t be seen to be complicit with the company you are regulating.
5) GOVT MUM - BPC would not be steaming ahead unless they had implied permissions.Legally BG would be massively liable.

Of course this is IMO and from a n investors perspective for what it’s worth.
GL.

Well I know I’ve got egg on my face after saying they will be “scrambling” for shares this morning.

Still as Scarlet said: “tomorrow is another day.”
GLA.

Think John might be caught short don’t you?

Scramble for shares about to start IMO.
GL ALL.

Just to mention next week is the last working days before 30/11.

I suspect we may start to see positioning ahead of any 30/11 announcements any time soon.
RNSs 2/12??
GL.

Jim thks vm.

Nice one Jim.
Tick VG.
GL

I’m not an oil drill expert.
Does anyone know whether a Major would use Baker Hughes anyway for supply?
Obviously if everyone in industry does then Major may actually be involved anyway.

And frankly guys if the commitment to an expensive contract doesn’t convince the market that we are sorted financially then nothing will except oil being pumped!
GL.
BOOM!

In 2016, the top 1 percent of taxpayers accounted for more income taxes paid than the bottom 90 percent combined. The top 1 percent of taxpayers paid roughly $538 billion, or 37.3 percent of all income taxes, while the bottom 90 percent paid about $440 billion, or 30.5 percent of all income taxes.13 Nov 2018.