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Glenn Ashmore
 
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Default bahamas drilling for oil, gives up boat tourism for texas tea?

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
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