Potter.......8 Jun 2018 12:24
quote:-
"It's as good a technical project as I've seen. That's what's kept the team together, kept the team pushing forward. When I say technical project, it's chances of success are very good. Five wells have been drilled in the Bahamas, and all found oil, but not with the technology we've been able to apply.
It's the scale, the size of the project, and location here in the Bahamas that means I'm very confident that this project will ultimately succeed.
We feel we have identified a considerable national asset and, as a company, we have an obligation under our licence to fully assess the value of this asset for the Government.
In the event of successful exploration, the people and Government have a substantial stake in this asset through the royalty payments embedded in the company's licence."