Even the owners.... EVEN the owners?! Well, they are to be thanked for condescending to follow the law. Didn't realize Mark Holowesko was the King of the Bahamas.
You know full well that the government will claim Dorian and Covid and place any revenues from drilling directly into the Consolidated Fund. It is right there in section 15, natural disasters etc.
What do you mean nobody knows how much was owed? You have held the licenses for a certain number of years, and presumably there was an annual rate agreed at the start. Multiply one by the other and that is how much you pay. Delays caused by whomever is part of the game my friend, if you don't like it, play a different one. We have no guarantee that BPC will find anything, meanwhile we know that ALL offshore drilling creates pollution. The only guarantee we had of any benefit at all was the licensing fees, and you guys are already quibbling about the price? Cmon.
Thank you NickB, checked out the Act and all it does is back up what this letter writer said. Provided BPC finds oil before ruining the environment, we will get the bare bones 12.5% for risking our entire livelihood and identity. This is not some scrub-land desert in middle America. It is one of the most beautiful and sensitive and rare marine environments in the world. And yet we are getting the standard rate. The old standard rate at that: "Traditionally 12.5%, but more recently around 18% – 25%. The percentage varies upon how well the landowner negotiated and how expensive the oil company expects the extraction of oil and gas to be." - https://blackbearddata.com/royalty-buyi…
Voltaire says...
Even the owners.... EVEN the owners?! Well, they are to be thanked for condescending to follow the law. Didn't realize Mark Holowesko was the King of the Bahamas.
On Island House confirms staff member positive
Posted 28 September 2020, 1:03 p.m. Suggest removal
Voltaire says...
Someone needs to tell this to The Island House...
On Indoor dining permitted on all islands except New Providence, Abaco, Paradise Island
Posted 28 September 2020, 1:01 p.m. Suggest removal
Voltaire says...
We absolutely love putting young men in jail. Creating hardened criminals our of misguided young people. And then we complain.
On Caribbean high for ratio of jailings
Posted 28 September 2020, 1:01 p.m. Suggest removal
Voltaire says...
Exactly - nail on the head.
On Caribbean high for ratio of jailings
Posted 28 September 2020, 12:59 p.m. Suggest removal
Voltaire says...
Bahama7 is a BPC troll. This username has only ever commented on oil drilling stories to support the foreign company.
On Environmentalists urge reversal of oil explorer's licence extension
Posted 28 September 2020, 12:57 p.m. Suggest removal
Voltaire says...
Bahama7 is a BPC troll. This username has only ever commented on oil drilling stories to support the foreign company.
On Over 10,000 back anti-oil exploration petition
Posted 28 September 2020, 12:56 p.m. Suggest removal
Voltaire says...
You know full well that the government will claim Dorian and Covid and place any revenues from drilling directly into the Consolidated Fund. It is right there in section 15, natural disasters etc.
On Lulled into a false sense of security
Posted 29 May 2020, 6:43 p.m. Suggest removal
Voltaire says...
What do you mean nobody knows how much was owed? You have held the licenses for a certain number of years, and presumably there was an annual rate agreed at the start. Multiply one by the other and that is how much you pay. Delays caused by whomever is part of the game my friend, if you don't like it, play a different one. We have no guarantee that BPC will find anything, meanwhile we know that ALL offshore drilling creates pollution. The only guarantee we had of any benefit at all was the licensing fees, and you guys are already quibbling about the price? Cmon.
On Lulled into a false sense of security
Posted 29 May 2020, 6:34 p.m. Suggest removal
Voltaire says...
Thank you NickB, checked out the Act and all it does is back up what this letter writer said. Provided BPC finds oil before ruining the environment, we will get the bare bones 12.5% for risking our entire livelihood and identity. This is not some scrub-land desert in middle America. It is one of the most beautiful and sensitive and rare marine environments in the world. And yet we are getting the standard rate. The old standard rate at that: "Traditionally 12.5%, but more recently around 18% – 25%. The percentage varies upon how well the landowner negotiated and how expensive the oil company expects the extraction of oil and gas to be." - https://blackbearddata.com/royalty-buyi…
On Lulled into a false sense of security
Posted 29 May 2020, 6:04 p.m. Suggest removal
Voltaire says...
They sound like trolls for BPC to me.
On Lulled into a false sense of security
Posted 29 May 2020, 5:55 p.m. Suggest removal