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

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.