Dear Editor, 39.8% profit share means Ring Fencing but short-lived with many questions – looks fishy! There has been an array of public missives about the welcomed oil profit share to Guyana being more than tripled to 39.8%, or approximately G$8 Billion (B) per day at the current production rate and oil price. However, what…
Coastlander goldminer Wayne Vieira once again protests his four GGMC-awarded medium-scale mining permits for Tassawni which is within the titled Amerindian Village Lands (AVL) of Chinese Landing; ‘Chinese Landing Toshao chooses village watch over emergency meeting with Bharrat’, Kiskadee Watch, 27 August 2026. Well done, Toshao Miller. Indeed, let us look at the Mining Act (1989) and the associated mining…
It has been reported that Guyana profit share from oil exports will increase from 12.5% to 39.8%).(https://kiskadeewatch.com/opinion/editorial/profit-oil-of-39-8/). This expected increase in profit is because the total investment cost of the oil project (US$55 Billion) has been repaid in full and profits will therefore increase, due to the only cost item being the operating cost of…
Dear Editor, It is the season of congratulations for high achievers of CXC, but I am teaching some remedialclasses in mathematics and I began by asking the students what they did not understand from the past(Form 1) year of high school and would like to relearn. Among the things high on their priority was profitand…
Frederick Collins is on the Right.
Over the last few days, I have been constantly reading in the Guyana press, “Now that Exxon has recovered its $55 billion investment (same thing called Capex, Capital outlays), when will Guyana start getting its 50% oil profit? (The quick answer is that Guyana has always been getting its 50% profit as defined in the…
Dear Editor, It is generally accepted that within the boundaries of a sovereign state, a government does not pay taxes on behalf of any institution or any individual; but it has the authority to grant tax exempt status to certain groups, including churches, educational institutions, and non-profit organisations. Exxon and its oil consortium in Guyana…
The MV Barima — an 87-year-old ferry owned and operated by the state of Guyana — recently sank off the country’s coast on its way from the country’s capital of Georgetown to Port Kaituma, a journey of about 18 to 24 hours. Port Kaituma is a gateway to what’s known as the North West District that borders Venezuela,…
Dear Editor, The Government of Guyana is known to be the first to come up with skullduggeries to camouflage its incompetence and wrongheadedness; but this unprecedented maneuver to build and operate its own bottled water plant has to take the cake as the big stunt to distract from its gross incompetence, failure, and dereliction of…
