Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
What was the cost of S2 drill and how much of it was paid for by the issuance of new shares? I'm a bit confused here. Thank you Bohemia for pointing out that this is 0.29% of the existing shares, not way "less than 0.025%". And Freudian slip with "BPC"? In response to Starchild's suggestion that The Bahamas could refund some of the payments made by CEG, how much has been paid from 2008 until now?
According to BPC's website, the licence fees were 1.25 mill dollars per block per year and there are 5 blocks (4 in the south where Pers1 is located and 1 in the north). Was there a renegotiation of these fees that the shareholders weren't updated about?
Aside from Stena (and possible subcontractors), and LO, does anyone have an estimate on what is still outstanding on payments to Bahamas govt? I can't imagine other countries like Uruguay will permit CEG drilling in the future if they see a track record of non-payment of license fees to Bahamas.
https://thenassauguardian.com/ferreira-oil-license-renewal-wont-be-reconsidered-with-fees-outstanding/. Are we ever going to get the truth about what is still owed to The Bahamas government? I was worried that this was the problem with the license renewal. License expired yesterday and still no update. BOD should communicate about this.
I haven't heard anything recently about the LO debts. Do we know how much that is? Also, what about the payments to The Bahamas government? Those were still being negotiated as far as I remember, and should presumably be included in the list of final Percy-1 expenses to be paid out if we have any hope of getting a license renewal.
http://www.tribune242.com/news/2021/apr/01/oil-explorer-funds-fled-after-activists-launched-c/ This will hardly help us try to get a farm in partner on board to fund another well. What exactly is Gneiss doing?
Now that the company has assets throughout the region, it might be time for a name change that reflects this.
I know, we're all impatient and I'm sure that we will get an RNS update when IceMAX and the two supply ships have finally left the Perv 1 drill site.
It has been four days since the drilling stopped. How long does it take to plug the well? What does this cost? How much has to go to LO? What is happening with the license payments to the GB? Are those still being negotiated? When will we get a proper accounting so we know what is left to move on with to bigger and better things?
Maybe LO doesn't want to stay involved in a controversial climate related project, and it doesn't have anything to do with possible Percy tips: https://www.responsible-investor.com/articles/investment-arm-of-b-corp-lombard-odier-makes-gbp11m-bet-on-controversial-bahamas-oil-project
Does anyone have this full article? https://www.responsible-investor.com/articles/investment-arm-of-b-corp-lombard-odier-makes-gbp11m-bet-on-controversial-bahamas-oil-project
https://www.lombardodier.com/rethinksustainability Is Lombard getting cold feet? This is a small amount for them but they have been proud of all their ESG investing.
Unfortunately Deepwater Horizon and Ixtoc 1 were also exploration wells. And it look like the chaps in Florida are also now getting concerned. Ixtoc 1 (the exploratory well that blew up in Mexico) was only in 50m water depth so the point that shallow well are better doesn't hold much water either.