April 24, 2012
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Oil explorer in New Year local investor fund
A Bahamas-based oil explorer yesterday pledged to set-up an investment fund in the New Year that will give Bahamians access to the potential “fortune of hydrocarbons” from its activities. Simon Potter, the Bahamas Petroleum Company’s (BPC) chief execu
Oil explorer says Oban, BPL sign of govt backing
A Bahamas-based oil explorer is “entirely focused” on drilling its first exploratory well, while viewing the end of exclusive talks with a “major” industry player as “validation” of its work.The Bahamas Petroleum Company (BPC), unveiling its financia
BPC's share price 'affected by both govt's stances on oil drilling'
SHARE prices at the London-listed Bahamas Petroleum Company have been negatively affected by both government’s stances on oil drilling, company CEO Simon Potter said – adding that the prices will rise if oil is found and that shares will be available to Bahamians in “the next few months”.
Oil explorer talks $20bn and counters deal critics
The Government will earn more than $20 billion in royalty revenues if the Bahamas Petroleum Company (BPC) discovers one billion barrels of oil in this nation’s waters, the company’s chairman revealed yesterday.
Bahamas 'ass backwards' over oil negotiations
A well-known attorney yesterday said the Bahamas had done an “ass backwards” job in negotiations with the Bahamas Petroleum Company (BPC), arguing that the country should receive “no less than 60 per cent” of the proceeds if commercial quantities of oil were discovered.
Oil explorer even 'more confident' on prospects
The Bahamas Petroleum Company (BPC) has “become more confident” in recent months over its chances of discovering commercial quantities of oil, its chief executive yesterday saying it could now resume previously “stalled” negotiations with up to 15 potential joint venture partners.
Government confirms oil driller's licences
The Government has confirmed that oil explorer Bahamas Petroleum Company (BPC) has fulfilled all its required licence and regulatory obligations, effectively renewing the oil explorer’s licences for another three years.
Oil explorer 'exceeds' licence renewal terms
THE Bahamas-based oil explorer that has been rocked by Prime Minister Hubert Ingraham's assertion that he would not permit exploration/drilling in this nation if returned to office moved to further calm the international markets yesterday, saying it had "exceeded" all obligations required to obtain a further three-year renewal of its licences.
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