Bahamas Petroleum Share Discussion Threads

[lithological heterogeneities] 01/2/2019 17:14

A delivery driver stopped me in the street today and asked me for the time.
I replied "Between 9 and 5".

[lithological heterogeneities] 01/2/2019 17:10

My girlfriend's dog just died so I got her an identical one.
Now she has two dead dogs.

[stewart4980] 01/2/2019 16:28

I have said this before about BPC, there communication with Shareholders is abysmal, they will be saying something when they require a placing though.

They may not have an agreement in place yet but I am sure they could update on what is happening, ridiculous when was the last update 8 November !!!

[gismo] 01/2/2019 16:26

Hiya whoppy, who knows what will happen

[whoppy] 01/2/2019 15:51

The poem was better, much less of a hum, if only.

[dynamohum] 01/2/2019 15:48

Double lol . . .


Non alarmist ! Most creative post this year 🍾

[whoppy] 01/2/2019 15:43

There it goes again!

[dynamohum] 01/2/2019 15:42

Love it some more. . . .
That's good whopper , snappy repartee 😇

[whoppy] 01/2/2019 15:37

Can anyone hear a strange humming noise?

[dynamohum] 01/2/2019 15:34

Let me clarify your thinking ✌️
hxxps://www.oceanfdn.org/resources/seabed-mining

Seabed Mining (SBM) is an experimental industrial field which involves extracting submerged minerals and deposits from the sea floor. There are interests both for and against seabed mining, however, the science around the environmental impact of SBM is incomplete and unproven. In addition, there is also new interest to explore Deep Sea Mining (DSM), which requires intensive, destructive processes to retrieve deposits laid down over thousands of years around underwater hot springs or hydrothermal vents in the ocean.



Although the distinction between shallow-water mining and Deep Sea Mining (DSM) is not formally demarcated, an emerging consensus says that DSM is the removal of minerals from seabeds deeper than 500 meters. Under that definition, DSM does not yet exist. Its first incarnation will most likely occur off the coast of Papua New Guinea in late 2017 / early 2018 when the Nautilus Minerals Inc. seeks to remove gold and copper from inactive hydrothermal vent zones at depths between 1000 and 1500 meters.



The Nautilus venture will take place within the 200-mile Exclusive Economic Zone (EEZ) of a nation state. However, most of the marine deposits of minerals prized by world markets are found beyond the EEZs, on the seabeds of the High Seas. The exploration and exploitation of these High Seas mineral deposits is governed by the International Seabed Authority (ISA) under authority conferred by the United Nations Convention of the Law of the Sea (UNCLOS). The ISA has awarded TK exclusive Exploration Contracts to member nations seeking to inventory mineral deposits and assess their commercial potential within a defined area. In theory, holders of Exploration Contracts would later seek Exploitation Contracts to conduct mining operations. That has not yet happened, largely because world prices have not risen high enough to justify the considerable costs.



Spurred by the Nautilus example and by advances in deep-sea technologies, ISA member-states have directed the ISA Secretariat to hasten the drafting of environmental regulations that would govern Exploitation Contracts. It is expected that the Secretariat’s final draft of a regulatory code will be presented not earlier than 2017, with formal approval by the ISA Assembly not earlier than 2018.



The drafting of ISA Exploitation Contract regulations is regarded as a crucial exercise, both by would-be exploiters and by marine conservationists. The final regulations will govern all seabed mining in the High Seas. But it will also affect EEZ seabeds, since UNCLOS requires its signatory states to govern their seabeds in accordance with ISA standards. The next half-decade therefore presents a unique opportunity in human affairs: a chance to devise a regulatory regime to govern an important extractive industry before it begins.

[dynamohum] 01/2/2019 15:18

Sea bed mining 😂 . . . . Fantastic , how do you get drilling for oil from sea bed mining . . . . .
Whopper that's brilliant , and some suckers seem to think its about BPC . . . . . .

Non alarmist , outstanding . . . . . .

Love it ✊

[armatrading] 01/2/2019 14:31

Sounds really positive, reiterating the Budget Communication by Bahamas Government's Deputy PM and Finance Minister, which mentioned the Blue Economy, on 30th May 2018:
hxxp://www.bahamas.gov.bs/wps/portal/public/gov/government/news/budget%20communication%202018%202019%20delivered%20by%20deputy%20prime%20minister%20and%20minister%20of%20finance/

[linton78] 01/2/2019 12:59

Thanks Whoppy - good find.

[whoppy] 01/2/2019 12:18

Posted on LSE.


The Prime Minister this week has been talking about the Bahamas being a big ocean nation and how they intend to make use of their waters. This includes sea bed mining, which is a non alarmist way of saying oil exploration.

The term “blue economy” refers to the sustainable exploitation of the marine environment in concert with its preservation. Minnis, who mentioned the development of the blue economy in his publicly broadcasted national report yesterday, said developing the blue economy will allow the country to explore the development of sectors such as marine aquaculture, seabed mining, maritime safety and surveillance, marine biotechnology, and marine security.

[whoppy] 01/2/2019 11:25

They've certainly had a few spins of the wheel. Offers made, offers rejected, money paid to talk exclusively, and now Macquarie acting as banker and broker. Jackpot prize of billions of barrels of oil. Can it be ignored? Who is going to jump in first and drill? Place your bets.

[martyn9] 01/2/2019 08:59

Clive imo this is purely a black or red punt,pay your money and take your chance.

[bmcb5] 31/1/2019 14:55

only because they are being paid

[gismo] 31/1/2019 14:55

You just never know Clive, at least Macquarie are still there

[clive cussler] 31/1/2019 12:42

Has there been any further news of a backer for this company? Will they ever strike lucky after all this time?

[dynamohum] 30/1/2019 09:56

Silence
BY THOMAS HOOD
There is a silence where hath been no sound,
There is a silence where no sound may be,
In the cold grave—under the deep deep sea,
Or in the wide desert where no life is found,
Which hath been mute, and still must sleep profound;
No voice is hush’d—no life treads silently,
But clouds and cloudy shadows wander free,
That never spoke, over the idle ground:
But in green ruins, in the desolate walls
Of antique palaces, where Man hath been,
Though the dun fox, or wild hyena, calls,
And owls, that flit continually between,
Shriek to the echo, and the low winds moan,
There the true Silence is, self-conscious and alone.

[gismo] 25/1/2019 15:54

Still buys coming in

[bartender18] 25/1/2019 13:20

Big positive is Macquarie obviously think there is a good product in BPC for them to sell

[gismo] 25/1/2019 11:53

Have a great time Linton

[linton78] 25/1/2019 11:29

Lol - that did cross my mind when I couldn’t see any planes earlier.