Guyana laying ground work to become oil producer

Posted by: Denis Chabrol in Business, News June 27, 2016, http://demerarawaves.com/2016/...become-oil-producer/

Guyana is preparing to pass new legislation, tighten existing regulations and establish a new oversight body to govern the still lucrative oil and gas sector, according to a well-placed source.

The proposed regulatory board for oil and gas is expected to include representatives from civil society, the opposition and government, rather than just the minister responsible for petroleum. “There is too much power in the hands of the minister,” according to the source.

Disclosure of the new regulatory mechanism for oil and gas comes as American oil giant, Exxon-Mobil, continues work on Liza 2 offshore Guyana to conclude the overall size of the reservoir that preliminary estimates are  700 million barrels.

With commercial oil production set to begin in less than five years, sources said Guyana is getting assistance from the United States’ Energy Governance Capacity Initiative, the Mexican Petroleum Institute and the United Nations Development Programme , the United Kingdom-based think-tank- Chatham House- and The Commonwealth to put in place a raft of new laws and regulations. They include amendments to the Petroleum Act, enactment of the Sovereign Wealth Fund legislation and accession to the Norway-based Extractive Industries Transparency Initiative (EITI).

Along with new laws and regulations, Guyana is said to be recruiting several foreign and local oil and gas experts who are based overseas, with special emphasis on the environment and safety.

Sources said a senior level government delegation is scheduled to pay a one-week visit to Uganda , which –like Guyana- is preparing to produce oil very shortly, very shortly. Officials are expected to include representatives from the Ministry of Finance and the Guyana Revenue Authority.

While Guyana’s contribution is expected to contribute to global oil output, experts say it will still be profitable for Exxon-Mobil.

Analysts conclude that while there is a heavy emphasis on renewable energy in mostly the Developed Nations, they at the same time predict increased demand for fossil fuel-powered vehicles especially in new oil-producing nations where the standard of living is expected to improve dramatically.

Exxon-Mobil has already conducted an analysis of the seafloor to determine how to configure its well and the Floating, Production, Storage and Offloading ships. That analysis has been conducted by Fugro Americas.

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

Generally, while some are firmly en-wrapped with their hands and focus on the past, others advance progressively with relevant and current issues.

While indeed there are signs of oil in Guyana's area, its presence must be firmly confirmed for production then develop for commercial purposes.

Demerara_Guy posted:

Generally, while some are firmly en-wrapped with their hands and focus on the past, others advance progressively with relevant and current issues.

 

This would apply perfectly to you harping on Burnham's name every day, 30 plus years after he croaked.

Mars posted:

Demerara_Guy posted:

Generally, while some are firmly en-wrapped with their hands and focus on the past, others advance progressively with relevant and current issues.

 

This would apply perfectly to you harping on Burnham's name every day, 30 plus years after he croaked.

Perhaps and as usual, being blinded of the issues for the discussion topic, one will be en-grained on irrelevant issues.

Of note, the topic is Oil find in Guyana...

"Exxon Announces New Oil Find in Guyana"

Demerara_Guy posted:

Perhaps and as usual, being blinded of the issues for the discussion topic, one will be en-grained on irrelevant issues.

Of note, the topic is Oil find in Guyana...

"Exxon Announces New Oil Find in Guyana"

Perhaps not.

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

Mars, you're basically telling us you know nothing about the economics of oil exploration.

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

 am glad they did not.

CGX will also benefit from any oil find. It will be several years before they can start extracting oil , then ship to Trinidad for refining.

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

Mars, CGX explored a different sector and came up empty.  On how when exon was engaged, given the desperate poverty and high indebtedness of the nation, do you really think the PPP would have dragged their feet.  You know, had oil started flowing under the PPP and development took off, the PPP might still be in power.  The fact is, the exploration started under the PPP but the find came at the end of their term!  These are not overnight affairs.  Give them the credit for striking the exploration deal with Exxon.  The PNC now just have to carry on to the next phase!  They are not starting from ground -0-.

Danyael posted:

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

 am glad they did not.

That comment don't surprise me.  Your hatred for Indians and the PPP abounds.  You prefer the nation and the people of Guyana suffer just to fulfill your high at seeing the lucky strike does not come under the PPP.

I honestly think you need to see a shrink!!  You must have drunk too muck uncured piwari!!

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

ba$eman posted:

Danyael posted:

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

 am glad they did not.

That comment don't surprise me.  Your hatred for Indians and the PPP abounds.  You prefer the nation and the people of Guyana suffer just to fulfill your high at seeing the lucky strike does not come under the PPP.

I honestly think you need to see a shrink!!  You must have drunk too muck uncured piwari!!

You should not be surprised. You should however not constrain you lack of surprise to your prejudices. The PPP were prodigious crooks. They were not inclined to change because they did not admit even individual failure of their agents. They were relentless in their thievery.

And the PPP may present themselves as representing indians but few benefited from their regime. They only concerned themselves with their narrow friends and family and then extend their benefaction to those who can gull the  indian sheep to the paddock to vote for them again.

Guyanese Indians are 40 percent on the margins. The majority of the others are just above poverty and only a tiny few control the wealth. That should not happen in a third world country. Imagine if they get their hands on oil. They new sybarites clan  designation would  be reserved exclusively for their family amd we wpould be another Nigeria or Equatorial Guinea.

You guys watch how you are making comments about other people. I am going to edit those comments out

Kari posted:

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

One gets nothing from the PPP without a quid pro quo. He was with them so unless you tell me he is the instance where they suddenly found god I would believe you.

My heroes among the guyanese?.....I have few and they are among the academics and not the political class. To be of the guyanese political class and be untainted is impossible. They are all participating in a ethnically bound system and very few of them offer protestations or sue for change.

ba$eman posted:

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

Mars, CGX explored a different sector and came up empty.  On how when exon was engaged, given the desperate poverty and high indebtedness of the nation, do you really think the PPP would have dragged their feet.  You know, had oil started flowing under the PPP and development took off, the PPP might still be in power.  The fact is, the exploration started under the PPP but the find came at the end of their term!  These are not overnight affairs.  Give them the credit for striking the exploration deal with Exxon.  The PNC now just have to carry on to the next phase!  They are not starting from ground -0-.

The PPP should have given the same exploration license they gave to CGX to Exxon instead. Let real professionals do the job and there would have been a positive outcome years ago. Instead, they set up a fly by night bogus company in CGX in order to corner the profits from any oil they found for themselves. 

Kari posted:

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

This is a political forum where anyone can comment anonymously on political affairs and public figures. If you choose to seek out publicity by showing your ugly mug and name, more power to you. Hooray!

Is Nagamootoo present to answer anything said about him? Does anyone here have to identify themselves in order to make charges against Granger or Nagamootoo? 

Amral posted:

You guys watch how you are making comments about other people. I am going to edit those comments out

This is just ridiculous!

Amral, this is the political forum and I'm commenting on political issues and public figures. What's the reason for singling out these comments to edit them? I see disparaging comments about Granger, Harmon, Nagamootoo, etc. every single day on this forum and not a word from you. Actually, there are posters here whose only contribution is to insult other posters with the nastiest of remarks and not a word from you. Why the deep concern now when I'm actually commenting on political issues?

Granger has not complain. You keep it up you and others could be reading rather than writting on the  Forum

Amral posted:

Granger has not complain. You keep it up you and others could be reading rather than writting on the  Forum

Do whatever you feel like doing cause you run this place like a dictatorship. You're just too bloody biased.

Mars posted:

ba$eman posted:

Mars posted:

If the PPP had engaged Exxon with oil exploration a lot earlier we would have been pumping oil for years now. Instead, they partnered with their cronies and formed a bogus shell company (CGX) to siphon off the profits and they couldn't find squat for years.

Mars, CGX explored a different sector and came up empty.  On how when exon was engaged, given the desperate poverty and high indebtedness of the nation, do you really think the PPP would have dragged their feet.  You know, had oil started flowing under the PPP and development took off, the PPP might still be in power.  The fact is, the exploration started under the PPP but the find came at the end of their term!  These are not overnight affairs.  Give them the credit for striking the exploration deal with Exxon.  The PNC now just have to carry on to the next phase!  They are not starting from ground -0-.

The PPP should have given the same exploration license they gave to CGX to Exxon instead. Let real professionals do the job and there would have been a positive outcome years ago. Instead, they set up a fly by night bogus company in CGX in order to corner the profits from any oil they found for themselves. 

You can only come to that conclusion when another company strikes where CGX was exploring.  Now, I am not in anyway favor or against anyone.  I want to see the oil finds and the Guyanese people's fortunes change for the better, regardless of which Govt is in charge.  Wealth flowing into Guyana will help everyone, regardless of race!

Mars posted:

Amral posted:

You guys watch how you are making comments about other people. I am going to edit those comments out

This is just ridiculous!

Amral, this is the political forum and I'm commenting on political issues and public figures. What's the reason for singling out these comments to edit them? I see disparaging comments about Granger, Harmon, Nagamootoo, etc. every single day on this forum and not a word from you. Actually, there are posters here whose only contribution is to insult other posters with the nastiest of remarks and not a word from you. Why the deep concern now when I'm actually commenting on political issues?

Oh really!!  Did you see the type of stuff posted here about the PPP boys, the mothers, wives, sisters and daughters?  You people cry now that some licks sharing, but the licks is centered around politics.  Grow thick skin because the licks ain't about to let up because you cry!!

And you can rest assure, no one will be as personally insulting as was meted out against the PPP boys!

Mars posted:

Kari posted:

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

This is a political forum where anyone can comment anonymously on political affairs and public figures. If you choose to seek out publicity by showing your ugly mug and name, more power to you. Hooray!

Is Nagamootoo present to answer anything said about him? Does anyone here have to identify themselves in order to make charges against Granger or Nagamootoo? 

Let him join and refute.  Amral did not disallow him, as far as I know.  Now, all the shyte you people post about the PPP individuals, include vile, vulgar and personal stuff.  Are they here to defend?

Now, get used to it!!

ba$eman posted:

Mars posted:

Amral posted:

You guys watch how you are making comments about other people. I am going to edit those comments out

This is just ridiculous!

Amral, this is the political forum and I'm commenting on political issues and public figures. What's the reason for singling out these comments to edit them? I see disparaging comments about Granger, Harmon, Nagamootoo, etc. every single day on this forum and not a word from you. Actually, there are posters here whose only contribution is to insult other posters with the nastiest of remarks and not a word from you. Why the deep concern now when I'm actually commenting on political issues?

Oh really!!  Did you see the type of stuff posted here about the PPP boys, the mothers, wives, sisters and daughters?  You people cry now that some licks sharing, but the licks is centered around politics.  Grow thick skin because the licks ain't about to let up because you cry!!

And you can rest assure, no one will be as personally insulting as was meted out against the PPP boys!

I'm not the one crying. Amral is the one complaining that some PPP cronies are being spoken about in a bad way and threatening to ban people for exposing their sins. Tell them to grow a pair.

ba$eman posted:

Mars posted:

Kari posted:

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

This is a political forum where anyone can comment anonymously on political affairs and public figures. If you choose to seek out publicity by showing your ugly mug and name, more power to you. Hooray!

Is Nagamootoo present to answer anything said about him? Does anyone here have to identify themselves in order to make charges against Granger or Nagamootoo? 

Let him join and refute.  Amral did not disallow him, as far as I know.  Now, all the shyte you people post about the PPP individuals, include vile, vulgar and personal stuff.  Are they here to defend?

Now, get used to it!!

Follow the conversation before you open your mouth and talk crap. Kari is trying to make the stupid argument that one must disclose their identity before they can say anything negative about his school friend. He always gets severely butthurt whenever anyone makes a negative remark about CGX or his friend who once worked with that fly by night outfit. I'm just using someone else as an example to show how silly his reasoning is.  

Amral posted:

You guys watch how you are making comments about other people. I am going to edit those comments out

Those rogues conspired to form a company outside the advice and consent of the guyanese people and so should bear the burnt of the criticisms. We hear the caterwauling of the PPP at the parking contract in the City Hall because of its secrecy so why should any be silent on CGX when it came into existence in similar circumstances? None of its agents had enough money to explore for oil. They raised money on the penny market and when that did not work they sold most of the assets to the Venezuelans.

Now this fellow whose name cannot be named is now in the arms of the Coalition seeking similar terms to create a similar impoverished company and mint money by stocks and resale of the lucrative drilling rights. It is all part and parcel of the resource curse syndrome where those in good standing with a government appropriates choice areas of fossil fuel potentials with everyone knowing they cannot exploit it but would eventually make their money by selling their shares to be big boys and become rich. 

Let me reiterate...is is parasitism at its best...this fellow whose name cannot be named but who skipped from the head of  one company he bankrupt  now intends to get more leases to form another milk cow company. Another  pliant government ( I know they do not do so out of charity) hands him another lease and again he is out to work his scheme to spend other peoples money via the lure of the lease potential. Of course he cannot raise the huge amounts necessary to complete the prosess of drilling and bringing a well on line in  the penny stock market so again he will sell "his rights" to some large company. It is a scam a well know pattern in the resource curse syndrome.

Do not mention any names, since I do not want any issues

Calling me names or stupid means nothing. Berating politicians mean nothing. That's par for the course. What is troubling is private citizens who do not run for office and are engaged in making a living by being a professional or offering professional services in a corporation get subject to libelous postings in a forum like this. Worse still is the  character of those who make these statements. The entire Board participation gets sullied. this is why people object, Mars and Danyael.....not because anyone has anything against you two. Your commentary, your complaints and your angst are all welcomed.

It would be helpful for you both to research the founding of CGX and see when Dr. Dookie left it. Also it would be helpful to research Dr. Dookie's political affiliation both in Guyana and the United states where he resides. Do these before making statements that are like from Mars (the planet).

I have sought in the past to correct an erroneous suggestion that Fip Motilall had some inside arrangement over the Amelia Falls and that he was cozy with the PPP - both of which were false. there was also this notion of how inexperienced in Engineering he was and was just a front for actual Engineers. I know the Motilall family and they are honorable. Fip was royally screwed by the corruption of the PPP/C regime (take note Bibibski) and by Jagdeo. Here is an entrepreneur who had a huge share of the Illinois market for pure water supply, especially to medical facilities and who had a successful business in Florida before the  Amelia Falls engagement.

He was slandered here and now Dr, Dookie is the object of false statements. Please, all I ask is to do your research before mouthing off. I do welcome Mars and Danyael's postings, but again, in your heart's heart be fair, and be smart. Call me whatever.......no sweat. I'm comfortable in my skin. 

I don't know anything about Dr. Dookie.  I met him several years ago in Guyana through a good friend.  He has a very warm smile and does not allow himself to get tangled in serious political conversation.  On another occasion I saw him at CBJ getting out of his SUV and he said hello to me with very warm smile.  Very friendly guy.

Kari posted:

Calling me names or stupid means nothing. Berating politicians mean nothing. That's par for the course. What is troubling is private citizens who do not run for office and are engaged in making a living by being a professional or offering professional services in a corporation get subject to libelous postings in a forum like this. Worse still is the  character of those who make these statements. The entire Board participation gets sullied. this is why people object, Mars and Danyael.....not because anyone has anything against you two. Your commentary, your complaints and your angst are all welcomed.

It would be helpful for you both to research the founding of CGX and see when Dr. Dookie left it. Also it would be helpful to research Dr. Dookie's political affiliation both in Guyana and the United states where he resides. Do these before making statements that are like from Mars (the planet).

I have sought in the past to correct an erroneous suggestion that Fip Motilall had some inside arrangement over the Amelia Falls and that he was cozy with the PPP - both of which were false. there was also this notion of how inexperienced in Engineering he was and was just a front for actual Engineers. I know the Motilall family and they are honorable. Fip was royally screwed by the corruption of the PPP/C regime (take note Bibibski) and by Jagdeo. Here is an entrepreneur who had a huge share of the Illinois market for pure water supply, especially to medical facilities and who had a successful business in Florida before the  Amelia Falls engagement.

He was slandered here and now Dr, Dookie is the object of false statements. Please, all I ask is to do your research before mouthing off. I do welcome Mars and Danyael's postings, but again, in your heart's heart be fair, and be smart. Call me whatever.......no sweat. I'm comfortable in my skin. 

 what did I say above that is false? Those fellows do not have the money or the total knowledge to perform the task for which they created companies. They use their knowledge of the governments in office and their ability to persuade them to lease large tracts of potential oil bearing land and on that they gather about them the means to access money and other resources.  Even if they find oil these companies usually end up selling to an Exon or some other large company as CGX did. There is nothing illegal about it but it is unseemly and par for the course in the so called resource curse

BTW, it is pure bullcrap that Fip could build a dam. Ther reality is he failed to build a road and it ended up being built by the chinese at three times the cost he proposed.

Kari posted:

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

Anyone who HAAAAAAAAAAAAAAAAAAAAATTTTTTTTTTTTEEEEEEEES coolie ppl. Why u tink dey after Dookie. Doan u know these fellas sees cooolie pppl in the croooked lite. Thanks to Jagdeo. 

Mars posted:

Amral posted:

Granger has not complain. You keep it up you and others could be reading rather than writting on the  Forum

Do whatever you feel like doing cause you run this place like a dictatorship. You're just too bloody biased.

I see him as a just person. 

seignet posted:

Kari posted:

Mars and Danyael/D2/Stromborn, would it not be the manly thing when you both make false statements about an individual who is not present to answer, to say who you are.

For instance this Forum knows who I am, where I live and work and the schools I went to. When you both are known to everyone else it makes you more accountable.

How 'bout it, eh?! Oh, and BTW, I'm not going to respond to scurrilous postings here, and I only put my photo as my avatar. Saying stuff about you both is complete waste of time also, so you're not going to see responses should anything be written about me hear. The court of public opinion is a much saner environment than the one you both inhabit.

So let's hear who you two heroes are, eh!

Anyone who HAAAAAAAAAAAAAAAAAAAAATTTTTTTTTTTTEEEEEEEES coolie ppl. Why u tink dey after Dookie. Doan u know these fellas sees cooolie pppl in the croooked lite. Thanks to Jagdeo. 

do you think if the fellow's name was Johnson the arguments would be different? Pray we are on our toes in the new era because it is a bygone conclusion that we have oil. It is not a bygone conclusion that we will benefit. In all the world there are about three countries that are spared the curse of oil. All others are cursed with poverty, pollution, despotism, wars, ethnic violence and massive theft by elites. What makes you think we are going to be spared?

Kari posted:

Calling me names or stupid means nothing. Berating politicians mean nothing. That's par for the course. What is troubling is private citizens who do not run for office and are engaged in making a living by being a professional or offering professional services in a corporation get subject to libelous postings in a forum like this. Worse still is the  character of those who make these statements. The entire Board participation gets sullied. this is why people object, Mars and Danyael.....not because anyone has anything against you two. Your commentary, your complaints and your angst are all welcomed.

It would be helpful for you both to research the founding of CGX and see when Dr. Dookie left it. Also it would be helpful to research Dr. Dookie's political affiliation both in Guyana and the United states where he resides. Do these before making statements that are like from Mars (the planet).

I have sought in the past to correct an erroneous suggestion that Fip Motilall had some inside arrangement over the Amelia Falls and that he was cozy with the PPP - both of which were false. there was also this notion of how inexperienced in Engineering he was and was just a front for actual Engineers. I know the Motilall family and they are honorable. Fip was royally screwed by the corruption of the PPP/C regime (take note Bibibski) and by Jagdeo. Here is an entrepreneur who had a huge share of the Illinois market for pure water supply, especially to medical facilities and who had a successful business in Florida before the  Amelia Falls engagement.

He was slandered here and now Dr, Dookie is the object of false statements. Please, all I ask is to do your research before mouthing off. I do welcome Mars and Danyael's postings, but again, in your heart's heart be fair, and be smart. Call me whatever.......no sweat. I'm comfortable in my skin. 

Private citizens who have huge government contracts or are in the public domain have always been discussed on this forum. Bobby Ramroop, Buddy Shivraj, Gerry Gouveia, Mark Benschop, Glen Lall, Brian Tiwari, Roger Khan, among many others. A lot of these people in a very negative way too and I didn't see the Admin stopping anyone from talking about them. I don't know what's the big deal now that we cannot offer an opinion about someone who is in the public domain and stood to be the recipient of huge government contracts and state assets. What makes you so butthurt whenever your friend's name is discussed? You have your opinion of him and others should be allowed to have theirs too. But you clowns want to enforce censorship when it suits you. Tell me what about my character disqualifies me from making statements that I made. Do you even know anything about my character to make that pronouncement? 

Now you're trying to tell us that the Puja Shop owner Fip was qualified to build a $1 Billion Hydro Power dam. The man who couldn't even build a simple road and took off with taxpayers money without completing it. 

You really get outrageous when you defend your friends. 

Danyael posted:

 what did I say above that is false? Those fellows do not have the money or the total knowledge to perform the task for which they created companies. They use their knowledge of the governments in office and their ability to persuade them to lease large tracts of potential oil bearing land and on that they gather about them the means to access money and other resources.  Even if they find oil these companies usually end up selling to an Exon or some other large company as CGX did. There is nothing illegal about it but it is unseemly and par for the course in the so called resource curse

BTW, it is pure bullcrap that Fip could build a dam. Ther reality is he failed to build a road and it ended up being built by the chinese at three times the cost he proposed.

Danyael, there you go again writing about things you have no knowledge of. You do not have to know everything on this Planet...really. Not even Einstein knew EVERYTHING about EVERYTHING on this Planet.

Dr. Dookie never used his "knowledge of the governments in office" as yopu put it to "lease large tracts of potential oil bearing land..." and to "access money and other resources".

Do you know CGX is a publicly traded company on the Toronto Stock Exchange with fiduciary responsibilities to its shareholders? Did you know the share price of CGX over the years? Do you know when Dr. Dookie left that company? Show me what he did as an Executive of a publicly traded company to get favors from politicians. You ought to know that the PPP government did not look too kindly to QC Alumni in their years in office.

Did you know that Fip's involvement was an access road and not a dam? Did you know of the onerous demands by the Jagdeo regime on Fip?

Did you know of the financing environment just after the 1008 financial crisis?

Mars posted:

Private citizens who have huge government contracts or are in the public domain have always been discussed on this forum. Bobby Ramroop, Buddy Shivraj, Gerry Gouveia, Mark Benschop, Glen Lall, Brian Tiwari, Roger Khan, among many others. A lot of these people in a very negative way too and I didn't see the Admin stopping anyone from talking about them. I don't know what's the big deal now that we cannot offer an opinion about someone who is in the public domain and stood to be the recipient of huge government contracts and state assets. What makes you so butthurt whenever your friend's name is discussed? You have your opinion of him and others should be allowed to have theirs too. But you clowns want to enforce censorship when it suits you. Tell me what about my character disqualifies me from making statements that I made. Do you even know anything about my character to make that pronouncement? 

Now you're trying to tell us that the Puja Shop owner Fip was qualified to build a $1 Billion Hydro Power dam. The man who couldn't even build a simple road and took off with taxpayers money without completing it. 

You really get outrageous when you defend your friends. 

 

You really ought to provide the evidence where Fip "took off with taxpayers money without completing it". Show me a contract where Fip had to build a hydro dam.

Dr. Dookie is a private citizen who owned shares in a publicly traded company, and as an officer of that company he had fiduciary responsibilities including to follow the laws of which ever country that company operated in.

Butthurt, eh?! You're a real hero hiding behind a keyboard with nothing meaningful to do in life but to use social media to talk nonsense. Do your research and do not spew hate like Danyael without know what you speak of.

Kari posted:

Mars posted:

Private citizens who have huge government contracts or are in the public domain have always been discussed on this forum. Bobby Ramroop, Buddy Shivraj, Gerry Gouveia, Mark Benschop, Glen Lall, Brian Tiwari, Roger Khan, among many others. A lot of these people in a very negative way too and I didn't see the Admin stopping anyone from talking about them. I don't know what's the big deal now that we cannot offer an opinion about someone who is in the public domain and stood to be the recipient of huge government contracts and state assets. What makes you so butthurt whenever your friend's name is discussed? You have your opinion of him and others should be allowed to have theirs too. But you clowns want to enforce censorship when it suits you. Tell me what about my character disqualifies me from making statements that I made. Do you even know anything about my character to make that pronouncement? 

Now you're trying to tell us that the Puja Shop owner Fip was qualified to build a $1 Billion Hydro Power dam. The man who couldn't even build a simple road and took off with taxpayers money without completing it. 

You really get outrageous when you defend your friends. 

 

You really ought to provide the evidence where Fip "took off with taxpayers money without completing it". Show me a contract where Fip had to build a hydro dam.

Dr. Dookie is a private citizen who owned shares in a publicly traded company, and as an officer of that company he had fiduciary responsibilities including to follow the laws of which ever country that company operated in.

 

Butthurt, eh?! You're a real hero hiding behind a keyboard with nothing meaningful to do in life but to use social media to talk nonsense. Do your research and do not spew hate like Danyael without know what you speak of.

Fip owned the rights to build the dam before he sold it to Sithe Global. Get your facts straight before you keep shooting shit, Numpty. He was paid to build the road but he did not complete the road. It had to be finished by other contractors to the tune of millions. Those are the facts but you can twist it anyway you want it.

http://www.kaieteurnewsonline....ithe-global-licence/

James McGowan, Senior Vice President (Development) at Sithe Global said recently that his company had “acquired the licence from Synergy Holdings.”
“Sithe Global and its affiliate Amaila Falls Holdings have since acquired 100 per cent interest in the project from Synergy,” McGowan has said.

On October 8, 2009, Prime Minister, Samuel Hinds, signed for Synergy Holdings to transfer its 13-year-old interim licence to Sithe Global for the development of the Hydro Project.

According to Dr Luncheon, in the cases of such licensing agreements, the original licence and the engagement more often than not carry a certain amount of exclusivity, in which the two parties involved agree not to involve third parties.
He indicated that Synergy Holdings, under Fip Motilall, after 13 years of having the licence, decided it could no longer undertake the project.

Shares in CGX, while it is a publicly traded company, were sold many times in huge private placement deals where the general public could not participate in buying shares. Only a selected few (PPP Cronies) were invited to participate. Do some research because you are obviously clueless.

Educate yourself

https://en.wikipedia.org/wiki/Private_placement

Private placement (or non-public offering) is a funding round of securities which are sold not through a public offering, but rather through a private offering, mostly to a small number of chosen investors.^[1]

http://www.bnamericas.com/en/n..._Placement_Financing

CGX Closes US$8.75mn Private Placement Financing

By archives - Tuesday, March 21, 2000

Canadian oil and gas company CGX Energy has closed a private placement financing worth US$8.75mn for the company's Eagle exploration target off the coast of Guyana, the company said in a statement.

The financing was placed in Canada, US and internationally to arms-length investors and institutions.

CGX has a 3.8 million-acre offshore exploration license in Guyana and has identified two major drilling targets: Eagle and Wishbone West.

http://www.bnamericas.com/en/n...es_Private_Placement

CGX Closes Private Placement

By archives - Wednesday, April 26, 2000

Toronto-based oil and gas company CGX Energy last week closed a US$1.1mn private placement of 780,000 units, which each consist of one common share and one half warrant. One full warrant entitles the holder to purchase one common share at US$1.90 until March 31, 2001.

The placement will be used for working capital purposes, CGX said. The company owns a 100% interest in a 3.8 million acre exploration license in Guyana. It expects to spud its Eagle fan target late May or early June.

http://www.theglobeandmail.com...ment/article4116287/

CGX target expansion with private placement

CGX Energy Inc. has raised $8.4-million (U.S.) in a private placement, two-thirds more than it had originally planned. The company said yesterday it has issued 10.5 million units at a price of 80 cents apiece. "This financing will allow us to advance our exploration offshore Guyana, where exploration to the east and west of our concessions has intensified over the last six months," Kerry Sully, president and chief executive officer, said in a release. Each unit consists of one common share and one-half common share purchase warrant. Each full warrant entitles the holder to buy an additional common share for $1.10 until Sept. 21, 2006. CGX had hoped to raise $5-million in the private placement. OYL.U (TSXV) fell 2 cents (Canadian) to 83 cents. CP

Kari posted:

Danyael posted:

 what did I say above that is false? Those fellows do not have the money or the total knowledge to perform the task for which they created companies. They use their knowledge of the governments in office and their ability to persuade them to lease large tracts of potential oil bearing land and on that they gather about them the means to access money and other resources.  Even if they find oil these companies usually end up selling to an Exon or some other large company as CGX did. There is nothing illegal about it but it is unseemly and par for the course in the so called resource curse

BTW, it is pure bullcrap that Fip could build a dam. Ther reality is he failed to build a road and it ended up being built by the chinese at three times the cost he proposed.

Danyael, there you go again writing about things you have no knowledge of. You do not have to know everything on this Planet...really. Not even Einstein knew EVERYTHING about EVERYTHING on this Planet.

Dr. Dookie never used his "knowledge of the governments in office" as yopu put it to "lease large tracts of potential oil bearing land..." and to "access money and other resources".

Do you know CGX is a publicly traded company on the Toronto Stock Exchange with fiduciary responsibilities to its shareholders? Did you know the share price of CGX over the years? Do you know when Dr. Dookie left that company? Show me what he did as an Executive of a publicly traded company to get favors from politicians. You ought to know that the PPP government did not look too kindly to QC Alumni in their years in office.

 

Did you know that Fip's involvement was an access road and not a dam? Did you know of the onerous demands by the Jagdeo regime on Fip?

Did you know of the financing environment just after the 1008 financial crisis?

Since you are so informed tell me. Who the hell cares if they are traded? Is that not how these poor assed fellows raise funds...on the value of the lease and the potential for oil?

The rest of your post is pure fluff.

 re Fip,I know he wanted the job, he got it and all else is excuse.