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/