Falklands’ Desire Petroleum stake in oil discoveries worth 900 million dollars
The North Falkland basin explorer Desire Petroleum has revealed the findings of an economic assessment of the group’s stake in the Sea Lion oil discovery, based on a high level development concept and economic review by Senergy from the UK.
A farm-out deal, and a subsequent drilling success last year, has meant Desire owns a minority stake in an area that hosts an extension of Rockhopper’s Sea Lion oil field and its associated discoveries.
An assessment by industry consultant Senergy estimated that Desire’s interest in these discoveries is worth 900 million dollars, with 173 million attributed to Sea Lion, and 727 million attributed to the adjacent discoveries, Casper and Casper south (Shona) developments.
Desire said that the company is currently evaluating the new 3D seismic data and when this is complete later in the year a full Competent Persons Report update will be published based on all prospects and discoveries.
The company said that initial indications for new prospectivity in the East Flank play fairway are encouraging, with confirmation of the potential of the Elaine fan and a major new fan system identified.
“This confirms our view that there remains significant exploration potential in the basin”, underlines the release.
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15 comments Feed
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Of course!!! I was forgetting!! wasn't the deadline the 02nd May 2012? Oh... and I can't wait for the first writ to start flying, only to be shot down it flames by every sensible court in the world.
Still it is GREAT news for the Falkland Ilands economy, The guys down there in the South Atlantic are becoming a proper little powerhouse!!! Good on you guys!!! Keep it up!!
As a result, they will get precisely zip rather than engage in meaningful “dialogue”
Argentine law is a fine oxymoron isn't it.
read it,, read it .
It was a chicken!!! I may not know much but I do know my cr*p jokes!!!
Ok, here we go
A chicken walks into a Library and goes to the librarian “Book!” The librarian then gives the chicken a book and the chicken walks out. The next day the same chicken walks into the Library and goes to the librarian “Book, book!!” and this time, walks out with two books.
On the third day when the chicken comes in and goes “Book, Book, Book!” the librarian hands over three books and then follows the chicken to see where it goes. He follows her down the road onto the village green and sat there in the middle of the pond in the middle of the green sits a FROG, on a lily pad. The Chicken hands over the books tot he Frog but the frog just says “Read it, read it, read it!!”
I knew the punch line wouldn't be worth the wait!! but there you go.
Oh well, ho hum...........
Desire Petroleum,
Mathon Court,
Mathon,
Malvern,
Worcestershire, WR13 5NZ.
Please hurry with the Writ for trading and stealing Argentina's resources. I can't wait...
LOL.
nice try.
What a cast of complete (choose your own descriptor) don't you think.
I just cannot wait for the next installment of 'Die for me, Argentina'.
Cant wait for the response.
Brilliant, loved it.
How about this one.
Zoo keeper goes into the aviary and finds some of the birds have have died.
Next day he goes into the ape house and some monkeys have died.
Bugger me, he then goes into the Insect house and all the bees have died.
Anyway, a new lion arrives at the zoo. He walks up to LEO and says.“ What's the grub like here mate?”LEO replies, Not bad, yesterday we had Finch, chimps and mushy bees.”
Sorry best I can do, unless you want to hear the one about the French restuarant/
One turns to the other one and said,
Hey, I was brought up round here?
.
You are not allowed to speculate on Argentine resources and we will be taking you to court,
yours KFC
Dear KFC,
We are taking you to court for stealing YPF off us,
yours, Repsol.
Dear Repsol,
Argentina takes no notice of any courts and does not pay debts.....Ah sheeet, another political cock-up,
Yours Maximo (mummy had to dash for an important meeting with Dr Botox).
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