General Information
Choice Petroleum Bond Ltd is a focused UK registered company subject to full statutory UK Audit. The totality of Choice Petroleum Bond Ltd’s shares are owned by Skytech One, Inc. The US Parent Company.
The UK companies main function is to fund Choice Petroleum Co. Ltd (Bahamas) which holds a long-term lease for land on Long Island, Bahamas and the only permit granted by the Bahamian Government to conduct seismic research and in consequence, in accordance with law, the automatic right to commence on land extraction of viable oil reserves based on historic and intended new 3D seismic data. This Project is unique and being the first of its kind in the Bahamas since the mid 1980’s. This Project has the full backing of the Bahamian Government.
There is extensive, existing research showing oil reserves in the Bahamas which, with new technology, can be further assessed, pinpointed and extracted in an environmentally friendly way, thus protecting the natural beauty of the Bahamas, producing strong potential profits for the Company and a significant revenue to the Government. A strong boost to the local economy with job creation and consumption of various services and supplies from the local industry to benefit the Bahamas significantly is an added feature.
Anticipated basic reserves alone are enough to make this Project successful but the experts at Choice believe that there is a high probability that there is high pressure “river of oil” previously undiscovered by older technology. The basis of this project is “how much” not “what if” oil is there.
This Project is the only one of its kind in the Bahamas and is of National importance to the Bahamian Government who have been working closely and cooperatively with Choice in order to assist in the preparation of the unique authorities and permissions.
The 3 Directors of Choice Petroleum Bond Ltd have significant project management, industry knowledge and experience over a diverse range of industries and businesses. These Directors are joined by an independently appointed Project Manager and Non-Executive Superintendent with combined knowledge of commodity resources, financial services and investment expertise.
Indicative gross oil reserves in the Bahamas based upon historic research are a staggering 4.0 to 17.0 Billion barrels, at today’s oil price a gross reserve of 256 Billion USD – 1.08 Trillion USD.