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Jagdeo is very far from being an honourable man.
Kaieteur Oil Block red flags warrant investigations
Oct 26, 2020 Kaieteur News
…The Fleecing of Guyana series
Ryan Pereira (left) and Michael Cawood, Directors of Ratio Energy Limited, to which the Kaieteur Oil Block was awarded.
Kaieteur News – The circumstances surrounding the Kaieteur oil block award, made by former President Donald Ramotar, and the subsequent farm-ins, have demonstrated several red flags which warrant a thorough independent investigation.
Kaieteur News will, for the rest of the week, demonstrate how major tropes common in international extractives industry corruption scandals are applicable to the Kaieteur block scenario.
The Kaieteur block is currently estimated to hold 2.1 billion oil-equivalent barrels. It was awarded April 28th, 2015 – just two weeks before the 2015 general and regional elections, by Ramotar, on the advice of former Minister of Natural Resources, Robert Persaud.
Two companies received the block with 50-50 stakes, Ratio Energy Limited (now Cataleya Energy Limited) and Ratio Guyana Limited.
Ratio Energy was incorporated in Gibraltar on April 15, 2013, and registered in Guyana on October 23rd later that year.
Independent watchdog, Global Witness, said in its damning report Signed Away, that at the time of receipt of the block, the company was owned by an Israeli-based lawyer named Richard Roberts.
Ratio Energy’s name was changed on August 3, 2017 after it received the Kaieteur Block. Its two directors are the Canadian, Michael Cawood and Guyanese, Ryan Perreira, who have experience in mining.
Cawood’s LinkedIn page lists him as Cataleya’s Director and Chief Executive Officer. His reported mining experience spans several companies, including the Mexico-focused Mammoth Minerals Inc., the Ghana-operating Bonte Gold Mines Ltd., and the Canadian Riva Gold Corporation.
Pereira’s LinkedIn page lists him as Cataleya’s Director and Co-founder.
Pereira’s reported mining experience is with the companies Golden Eruption and Vertex Mining. He also has experience with a company called JRX Holdings Inc.
The Pereira Group has history of collaboration with Riva Gold Corporation.
In 2010, agreements were announced meant to allow Riva the option to acquire the rights to certain groups of mineral properties in Guyana, specifically gold.
Neither of these men had any experience in oil exploration to talk about, prior to Cataleya’s receipt of the Kaieteur block.
Two other names are important in Cataleya’s corporate structure. Incorporation articles list Finsbury Corporate Services Limited as a director, and Finsbury Secretaries Limited as the company secretary. Both of these companies are based in Gibraltar.
The other initial owner of the Kaieteur block is Ratio Guyana, a subsidiary of the Israeli company, Ratio Petroleum. The parent company has said that it has been active in the oil industry for decades, and has touted assets in several countries in Asia, Europe and South America. The company says that in addition to Guyana, it currently owns rights in Suriname, Ireland and the Philippines.
Notably, Global Witness reported that Pereira, who is a director in Cataleya, represented Ratio Energy in April 2015 when it received its stake in the block. This means Pereira was involved in both companies which received rights to the Kaieteur block at the time of receipt.
More to come tomorrow…
It is too early for Campaign promises to be fulfilled. It's only three months and some people want miracles to be done after the PNC destroyed the economy, neglected to upgrade the infrastructure. Jagdeo cannot help it if the Coalition was an inept Government. In three months the PPP had done what the coalition didn't do in 5 1/2 years. What happened to the Election promises by the Coalition during the last 5 years? Some people cannot see beyond their noses.
The Coalition screwed up and we all are aware many promises were broken. Does that make it right now it is PPP's turn to screw up and break their promises too?
@cain posted:The Coalition screwed up and we all are aware many promises were broken. Does that make it right now it is PPP's turn to screw up and break their promises too?
Do you expect the PPP to screw up and break their promises? There are cynics out there who expect this of the PPP. Wait until it happens before you air your views.
@Ramakant-P posted:Do you expect the PPP to screw up and break their promises? There are cynics out there who expect this of the PPP. Wait until it happens before you air your views.
Come on Rama, which politician never broke their promises?
Yes, the PPP will break their promises, guaranteed. When they do I will say, "I told you so"
Former Member
"JAGDEO'S SILENCE"
Jagdeo is not the president of Guyana.
@Former Member posted:"JAGDEO'S SILENCE"
Jagdeo is not the president of Guyana.
Really?
@Former Member posted:"JAGDEO'S SILENCE"
Jagdeo is not the president of Guyana.
JAGDEO'S SILENCE is not about who is president of Guyana, but the honour and credibility of Jagdeo keeping his promises.
"We remind the Vice President: honourable men honour their word. Your word is your bond! It must not be broken. Ever!"
@cain posted:Come on Rama, which politician never broke their promises?
Yes, the PPP will break their promises, guaranteed. When they do I will say, "I told you so"
Do you expect them to fulfil all the Promises in 4 months? They have 5 years to complete all the tasks mentioned in the PPP 2020 manifesto. Some of them will take years to complete after they are initiated. Politicians are not magicians. I guess that you are OK with the Coalition that broke all their promises. Please note that all of what the PPP promised depend on the Oil and gas revenues.
Rama, when you read posts please read all of it and if you do not understand what you read, call a friend. No I do not expect any govt to fulfill promises after several months, but do expect them to do so while in office.
So tell me something. If this oil thing falls through does it mean nothing will be done by the PPP? How about Gold..Lumber..Rice???
We should cut the man some slack, he doesn't carry on as others do, yeh he does pick up for his beloved PPP but he doan carry on bad. I gonna start sending some love his way in my posts.
@cain posted:We should cut the man some slack, he doesn't carry on as others do, yeh he does pick up for his beloved PPP but he doan carry on bad. I gonna start sending some love his way in my posts.
Yeh mon. 
Ramaji 
@Former Member posted:"JAGDEO'S SILENCE"
Jagdeo is not the president of Guyana.
He coulda fool me. Look who doing the talking and who sitting in the biggest chair.
Moses would have never had the guts to do that.
Former Member
@Mars posted:He coulda fool me. Look who doing the talking and who sitting in the biggest chair.
I was wondering how Irfan would handle the UN Conference. Here is the answer.
@Mars posted:He coulda fool me. Look who doing the talking and who sitting in the biggest chair.
The little puppy sitting quietly near the champion of the turd term.
@Former Member posted:I was wondering how Irfan would handle the UN Conference. Here is the answer.
This was Jagdeo's plan from the start. Put a puppet in place and he remain in control of the government. Similar to what he is doing with the PPP membership. Opposition leader, general secretary and now president, while Ali sits quietly in the back of the bus.
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Oct 26, 2020 Kaieteur News
Kaieteur News – Three things are obvious when we think of promises given by Guyana’s Vice President, Bharrat Jagdeo. These three things do not speak well of him either as a leader or as a citizen vowing to deliver on promises made.
When Mr. Jagdeo was President, he stated that if he personally had to lead the charge to restart the Skeldon sugar factory, then he would. When reminded later of that commitment, Mr. Jagdeo said he couldn’t recall. And now that the PPP is back, the Skeldon sugar factory is being readied to resume operations.
As Leader of the Opposition, Mr. Jagdeo said he supported an independent, international investigation into the award of the contracts for the Canje and Kaieteur blocks. He swore that those found guilty of wrongdoing would be jailed. He was all for that then, but today, when Mr. Jagdeo is reminded of where he once stood so loudly and firmly, he is strangely silent.
The three lessons Guyanese should learn are these: Firstly, when leaders give their sacred word, they sometimes develop convenient and selective amnesia. Mr. Jagdeo did that before with Skeldon. Secondly, when they determine that there should be honoring of promises, they move with haste. Again, Skeldon stands as evidence of this. Thirdly, when leaders swear to do something, only to discover that it can be politically embarrassing, they pretend or feign memory loss and do absolutely nothing.
This is what Mr. Jagdeo has done with the Canje and Kaieteur oil blocks. He is silent. He is distant from his prior promise. He feigns ignorance because of the many illegalities which were committed. We remind the Vice President: honourable men honour their word. Your word is your bond! It must not be broken. Ever!