Bahamas Petroleum Company PLC‘s (LON:BPC) Eytan Uliel answers shareholder questions following his presentation at the Proactive One2One Investor Conference (link below).
These questions begin with the Perseverance #1 well recently drilled in the Bahamas, with investors wanting to know why the cost ran considerably over budget, what caused the budget to overrun, how much was it, who is to pay for it and and is insurance available to cover some of the cost.
Uliel also addresses questions on the future of the licences in the Bahamas, questions about Trinidad & the upcoming Saffron #2 well, on Uruguay and about the recent board changes.
Finally he responds to concerns about the company share price as well as the vision for the business going forward.
Here is a link to the original presentation:
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