K
AIETEUR NEWS
Guyana’s largest selling daily & New York’s most popular weekly Dead: Bharrat Dass
Dying watchman
Friday Edition
tells sons to check
November 13, 2020 -Vol. 22 No.44
Online: www.kaieteurnews.com
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Price $80
Online readership yesterday, 123,199
Govt. gives no guarantees on implementing policy to slow down emptying of Guyana’s oil basin Kaieteur News libel trial…
NICIL had sweeping powers for practically anything under the sun - Winston Brassington tells court
$1B deal inked with Prison Officers Farfan & Mendes, arrested after ganja found overseas company stashed in for Bartica, Lethem Lusignan solar power plants barrack room
168 test positive for COVID-19 at St Cuthbert’s
From Blessing to Burden Our oil which should have been a blessing is becoming a burden. The numbers tell the story of shady dealings, covetous politicians and cunning middlemen. From ExxonMobil Guyana would get approximately US$200M in 2020. But the bill from CGX for preliminary work on one dry well in the Corentyne block is US$155M. CGX must really think that Guyanese are illiterates and idiots. They must be required to provide the evidence that they actually drilled a well. That US$155M must be fully scrutinized for possible overstated costs. It is the equivalent of renting an apartment for GY$50,000 per
month, but the tenant presents a bill for imaginary repairs for nonexistent damages (that he himself caused) totaling GY$60,000. As can be seen, on a net basis, the landlord is paying the tenant for living in the apartment. Now think of the landlord as Guyana and the tenant/operator as CGX. CGX is the kind of tenant/operator that PPPC leaders saw fit to conduct our oil business. It is the same CGX that the APNU coalition was so impressed with, that it gave it a 3-year extension. The way we look at it is that both the PPPC and the Coalition are in bed with CGX. That US$155M confirms our suspicions.
ExxonMobil gets back part of Stabroek Block it relinquished years ago Want to know whose hands the Kaieteur oil block landed into? And who gave them FOR FREE? Tune into Kaieteur Radio 99.1/99.5FM at 8:30pm