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“We hope that in the second quarter of next year we will be able to be in a position where we can go forward and drill a well. We’ve just raised $75 million on the London market last month to apply towards our exploration purposes,” Dr Crevello said during a meeting of the Rotary Club of Nassau yesterday.
It is doubtful that this timeline will be met as Government has said it will not lift its moratorium on drilling any time soon.
“Well it’s nigh impossible for this (the passing of legislation relating to oil drilling) to be accommodated within this Parliament,” Environment Minister Earl Deveaux told The Tribune last month.
Bud's Offshore Energy (BOE) 
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