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Monday, November 15, 2021 10:23:46 AM
All the research I have done does show some big potential. Key word of course is potential.
reached depths from about 14,600 feet to 22,000 feet drilled. In professional 1980’s reports it states the Oil Projections in the Bahamas are anywhere from 4.0 to 17.8 Billion Barrels of Oil and estimates that the Oil resources of the Bahamas have the potential of “10’s of Trillions of Dollars in revenues”. Wells with similar carbonate facies are in the Gulf of Campeche, and have initial production rates up to 37,000 barrels of oil per day.
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http://www.choicepetroleumbond.com/application/files/7715/1675/0618/003._General_Information_Brochure.pdf
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