The Haitian mob have a rich resource. That then makes it a viable project if they ever get the permits to mine.
FPL have permits and infrastructure, but do they have a project? 3300 barrels of oil per month (M$3 rev per year) is not a feasible project when the last half yearly shows a loss of M$8. Its just simple math - ingoings vs outgoings. Helluva a lot fo catching up to do just to break even.
Pls do consider how much oil prices were and how much they are now! I just ask my 10 yrs old son. His laughed at me and said dad its a simple mathematics.
If you dont know what people expect from directors, then about time you started to look at how other oilers operate - OEL, BYE, 88E, FAR, PVD, just to name a few. And the two directors of PVD are pulling around $80K salaries whilst they are in shell mode shoring up deals. Those companies have good fiscal management, dont keep having CRs (except 88E but they are on multi billion barrel reserves) , and get on with the business of proving up reserves, drilling, extracting, and making money. Something FPL cannot seem to do.
Expand
