So much for the protecting the environment argument. Those guys came
down to Georgia back in the '80's. Screwed up a few thousand acres of
virgin salt marsh and didn't find enough gas to make a decent fart.

Yachtbroker wrote:
interesting reading today in the nassau guardian


The Government on Tuesday at Buena Vista Restaurant signed an agreement with
Kerr McGee Bahamas Limited, for the exploration of natural gas and oil on the
Great Bahama Bank.


he Agreement provides for the company to drill in 3,000 to 6,000 or more feet
of water, making it the first venture that will explore in deep waters in The
Bahamas. The cost to Kerr McGee to dig a well would be $20 million to $25
million.




--
Glenn Ashmore

I'm building a 45' cutter in strip/composite. Watch my progress (or lack
there of) at: http://www.rutuonline.com
Shameless Commercial Division: http://www.spade-anchor-us.com

Just wait until Kerr-McGee finds out that each and every thing they
bring to Bahamas that floats: tugs, drilling rigs, crew ferry vessels,
moring balls, etc. etc. etc. ... will incur a $300 fee !!!!!

Yachtbroker wrote:
interesting reading today in the nassau guardian


The Government on Tuesday at Buena Vista Restaurant signed an agreement with
Kerr McGee Bahamas Limited, for the exploration of natural gas and oil on the
Great Bahama Bank.


he Agreement provides for the company to drill in 3,000 to 6,000 or more feet
of water, making it the first venture that will explore in deep waters in The
Bahamas. The cost to Kerr McGee to dig a well would be $20 million to $25
million.

Yachtbroker wrote:

interesting reading today in the nassau guardian


The Government on Tuesday at Buena Vista Restaurant signed an
agreement with
Kerr McGee Bahamas Limited, for the exploration of natural gas and
oil on the
Great Bahama Bank.

The Agreement provides for the company to drill in 3,000 to 6,000 or
more feet
of water, making it the first venture that will explore in deep
waters in The
Bahamas. The cost to Kerr McGee to dig a well would be $20 million to
$25
million.

RichH wrote:
Just wait until Kerr-McGee finds out that each and every thing they
bring to Bahamas that floats: tugs, drilling rigs, crew ferry vessels,
moring balls, etc. etc. etc. ... will incur a $300 fee !!!!!

Wanna bet against their being exempted under some provision?

Hold it! Look again: "Kerr McGee Bahamas Limited". As "Bahamians", they
wouldn't be subject to the tax.

--
Jere Lull
Xan-a-Deux ('73 Tanzer 28 #4 out of Tolchester, MD)
Xan's Pages: http://members.dca.net/jerelull/X-Main.html
Our BVI FAQs (290+ pics) http://homepage.mac.com/jerelull/BVI/

x-no-archive:yes (Yachtbroker) wrote:

interesting reading today in the nassau guardian


The Government on Tuesday at Buena Vista Restaurant signed an agreement with
Kerr McGee Bahamas Limited, for the exploration of natural gas and oil on the
Great Bahama Bank.


he Agreement provides for the company to drill in 3,000 to 6,000 or more feet
of water, making it the first venture that will explore in deep waters in The
Bahamas. The cost to Kerr McGee to dig a well would be $20 million to $25
million.

The Great Bahama Bank is very shallow. Where are they going that the
water is 3K to 6K deep?

grandma Rosalie

wow....... never thought about that.
whats even weird is that the actual agrement was signed on June 26th
(kerr web site reports) not July 23rd as stated , 5 days later with a weekend
in there they raised their save the enviroment fees. I wonder whats up?