African Potash Share Discussion Threads

[the bull] 09/4/2019 23:31

are they still ripping investors off then

[rookie666] 09/4/2019 17:06

Where's the new thread for this (Block Commodities)???

[digitalmessage] 22/2/2019 07:09

Bahamas Petroleum Co
Licence Term Extended to 31 December 2020
RNS Number : 8018Q
Bahamas Petroleum Company PLC
22 February 2019

Friday, 22 February 2019

Bahamas Petroleum Company plc

("Bahamas Petroleum" or the "Company")

Licence Term Extended to 31 December 2020



Bahamas Petroleum Company, the oil and gas exploration company with significant prospective resources in licences in The Commonwealth of The Bahamas ("The Bahamas"), is pleased to announce that the Company has received formal notification from the Government of The Bahamas (the "Government") as to the term of the second exploration period of the Company's four southern licences in the territorial waters of The Bahamas ("Licences"), confirming that the (current) second exploration period of the licences is extended until 31 December 2020.

The notification received is in response to BPC's request for clarification from the Government as to the term, timing of, and work obligations pertaining to the Licences, in view of time disruptions outside of the control of the Company since 2015. The notification provides clarity and certainty to all parties as to the tenure of the licences.

The Company's obligation during this second exploration period is to safely implement an environmentally responsible exploratory well. At the conclusion of this period, based on the results of the initial exploration well and in accordance with the existing terms of the Licences and the pertaining regulations, the Company will have the option to apply for a production lease over all or part of the licence area, and / or extend the licences into a third exploration period and / or apply for an appraisal extension.

The notification received from the Government also stipulates that the Government and BPC must in the coming months agree a forward work programme for 2019 and 2020 and a reconciliation of licence fees already paid, including during the period of disruption, with any future licence fees due up to the end of 2020. The forward programme will include the process for Environmental Authorisation, in accordance with the relevant Act and Regulations, based upon an application already submitted by the Company in April 2018. The Government has advised of the engagement of Black & Veatch, a leading petroleum industry consultant, to assist with this process. Black & Veatch previously advised the Government in the process for the Company's Environmental Impact Assessment (EIA), filed in 2012.

At the same time, along with its advisers, the Company continues the process to secure a farm-in partner for the initial exploration well - discussions are continuing with multiple third parties.

Simon Potter, Chief Executive Officer of Bahamas Petroleum Company, said:

"The confirmation from the Government of The Bahamas that the current term of our four southern licences extends to 31 December 2020 provides the Company with a certainty of tenure over the Company's licences, replacing any perceived "above ground" issues with complete clarity in fact and law. This position has been arrived at following extensive government consultation and whilst this has taken the Company a while to establish, there is now a very clear two-year window to advance plans for and to drill an exploratory well providing certainty to potential partners as we move forward in our farm-out discussions. Today's news will add considerable impetus to this process. BPC's focus remains singular: to implement an exploratory well on its highly prospective assets in The Bahamas to the benefit of shareholders and the people of The Bahamas. We are encouraged by the support the Government has shown throughout this process, thank them for it and look forward to updating shareholders on further progress when appropriate."

Ends

[the bull] 21/2/2019 23:58

hxxps://uk.linkedin.com/in/david-sheehan-8222959

This guy?

Bet his customers wont be happy if he got them to pile into AFPO and the spiv running it.

[thetruthisout] 21/2/2019 15:33

Financed by James sheehan ... novum ... you may want to google him !
Absolute lifestyle party boys wasting peoples time and money!

[chesycustard] 19/2/2019 07:35

I know, what the heck is going on?

[the bull] 19/2/2019 00:18

Another lifestyle company, spiv at the top wasting shareholders money and returning sfa

[the bull] 04/2/2019 17:27

Has this company gone pair shaped again, does cleverly know what he's doing. Is he related to the politician James Clerverly

[club sandwich] 04/2/2019 12:14

Hello. I gather that some AP s'holders have been talking to a Peter Petyt about a possible class action against the company. I have been dealing - very unsuccessfully, it turns out - with Petyt about Paragon Diamonds. If any such s'holders read this and wanted to DM me, I'd be very interested in comparing notes - I gather he hasn't done any more for you than he's done for us...

[noirua] 31/10/2018 12:13

New thread started at BLCC Blockchain Commodities Limited. Appears to have changed name to Bloc Commodities Limited.

[aidenabettin] 08/10/2018 21:40

https://www.africanagronomix.com/potassium-1

[aidenabettin] 08/10/2018 19:54

This makes for some amazing reading!!!!

[aidenabettin] 08/10/2018 19:53

Really getting this show on the road.https://www.africanagronomix.com/

[the bull] 02/10/2018 09:45

So have we been shafted again or is that a good move for us in the -90%+ club.

[aidenabettin] 02/10/2018 06:59

RTO and moving to a Canadian exchange .Happy days !!!!!!

[the bull] 02/10/2018 00:39

Has Mr Slippery done anything good yet on the new platform, or has he squandered the cash of new investors on his lifestyle

[aidenabettin] 28/9/2018 12:04

https://the-international-investor.com/investment-faq/holding-foreign-stocks-isa-sipp.15% WT will have to be paid in Canada

[costax1654x] 22/5/2018 19:54

Guys have a look at Aeg as well.Last RNS was amazing.Potential multibag in 2018.Take care

[the bull] 22/5/2018 18:25

His slippery spin was all very convincing before wasn't it, just a shame he has another chance at depriving investors of more money. I certainly wont be averaging down

[the bull] 21/5/2018 19:44

slippery operator

[timbo] 21/5/2018 19:25

Is it just me or does anyone else see the irony in CC promising to deliver more cheap fertiliser?! I hadn't heard it called that before! :-)

[the foxthe fox] 21/5/2018 13:38

Exclusive interview with chairman Chris Cleverly