Perseverance Once News Today

nhartnell@tribunemedia.net Bahamas Petroleum Companys (BPC) chief executive is alleging it will incur extra costs of up to $400,000 per day if activists succeed in persuading the Supreme Court to halt its exploratory oil drilling. Simon Potter, in a December 11, 2020, affidavit filed with the Supreme Court, said this would be incurred if the Stena IceMAX was forced to suspend drilling operations and sit in a "holding pattern" above the Perseverance One well in waters some 90 miles to the west o...

* And cost potential $2.4bn jump in their value * BPC chief warns of Bahamas reputation hit By NEIL HARTNELL nhartnell@tribunemedia.net The Bahamas Petroleum Company (BPC) has warned that its "major $100m asset will be extinguished", thereby threatening its survival, if the Supreme Court halts its oil drilling activities. Simon Potter, its chief executive, revealed in a December 11, 2020, affidavit that it would be impossible for the company to apply for the renewal of its five southern Bahamia...