Mr: Potter ….make sure your oil rig has the latest **Blowout preventer** technology in use in the world today. We need to avoid the Deep water Horizon 2010 oil spill that took place in the gulf of Mexico from possibly happening in the Bahamas..

https://www.google.com/url?sa=t&rct=j&q…

So the wildcat well will be plugged and capped after 60 days? Even if they find millions of gallons of oil? Again I ask if the government, BEST commission, Ministry of Environment, someone is mandating for funds to be set aside for cleanup or underwater well repair if needed. Insurance? Responsible parties?

This is the team who will deliver for the country.

God bless you BPC in your hunt for oil.

LOL

Oh my naive, gullible people. I've been saying for 5 years now, "Dere een no erl!". None. No Oil at all. This is a junior resource play. It is all about blowing off stock, making a job for yourself, and everytime Potter & Co need more money, they generate fake news. Don't believe me? Seven years ago, in 2012, this is the headline:

**Bahamas Petroleum ‘closer than ever’ to drilling**

*Bahamas Petroleum (LON:BPC), which searches for oil off the group of Caribbean islands, cut its losses in 2012, with an exciting year on the agenda thanks to new government sanctions.

A new government elected in the Bahamas last year recently confirmed that the company can drill off its shores ahead of a referendum process, which will only be held once commercial oil is found.

“We are closer than ever to realising our goal of exploring the hydrocarbon potential of the Bahamas and look forward to the near-term future with excitement and confidence.” *

Here's the link: https://ca.proactiveinvestors.com/compa…

The shares of the company are trading for less than 2cents. Yep ... cents. Did you ever see the Wolf of Wall Street? It is this kind of useless shiite stock they are selling. They keep having to manufacture fake news and hype to sell their stock.

There ain't no oil. There ain't no drilling. There ain't gonna be no drilling. And they will be saying the same thing a year from now, until y'all wise up. They are just selling stock to make money for themselves. Check out their salaries and stock that they sell.

Of course, I'm preaching to those who don't want to hear, so carry on smartly.

Wanna bet ? $5 says that you're wrong.

Yes .I'd say more, but it would be immoral of me to take more than that of your money.

Comrade Banker, the trading shares for less than **2pence** .... Yep, you didn't have had watched the movie, Wolf of Wall Street to appreciate that even if it dropped **1/2pence** - still tis a far better stock hold onto your investment portfolio than investing in **OBAN,** yes, no ..

They are both dogs. You lose on both of them. The head of Oban has a degree in Art for fuchk sakes. As iterated, we are a naive people who will believe anybody if it sounds like we gettin' something free.

Oil is not shown by scans. It is found by seismic data and drilling. Seismic data sends waves through the water and seabed and each geological layer reflects back some of the wave energy. The rock density can be extrapolated and then used to create a geological map of the layers of seabed. That layer map will show features where oil may have accumulated millions of years ago from the vegetation of the carboniferous era, but it doesn't show oil. It shows them the right type of place. Then they have to drill. There is some oil in the Caribbean Basin, but not this far north. The oil is sulfurous and requires vast amounts of energy to refine. That is why Cuba is not oil self-sufficient. It is a very poor grade of crude.

As a side note, oil is not a saviour. Trinidad is an oil-producing country, and their economy is so bad, that they have instituted currency controls preventing the use of hard currency for use outside the country. Their oil is not typical of the Brent Sweet Crude which is the best kind of crude oil to refine.

This new technology stuff is BS. The petroleum company is feeding you a stack of lies like they have every year since they have been operating.

It's almost like believing in Trump to believe that there is oil down there that will save the Bahamas. There isn't. If there was, Shell, Texaco, Esso and the lot of them would be down here like white on rice.

Oil is there but is it in commercial quantities ?.....that's the million dollar question.

They will hit oil first drill. Theres probably 5 to 10 big fields off the bahamas undiscovered.

A wonderful commentary on the state of The Bahamas. Begging for money so that we can continue to contribute to that which is drowning us. While I hope banker is right, this says even more about our mentality. Makes me think there really is no hope for us here. No vision.

Vision to fix the economy Comrade Porcupine!

Of course. Like burning the village to save the people. Fix the economy. What is wrong with the economy? Why is it so? Finding oil will solve this? A poor education affects more than just children.

This is what’s wrong - how we gonna pay this off ??!

http://www.tribune242.com/news/2019/oct…

Oil is the answer. But not petroleum, but rather cannabis oil. It will be legal almost everywhere in the Western Hemisphere in 10 years. If we start now, and start exporting high grade cannabis, both medicinal and recreational, we could climb out of shiite-hole country status.