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nhartnell@tribunemedia.net Bahamas Petroleum Company's (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 of Andros. "The cost of simply extending the Stena agreement and holding the vessel in readiness is ...

* 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 Bahamian licences by the March 31, 2021, deadline unless it is able to complete its Perseverance Once explo...