Stories for August 2012
Desire Petroleum assesses potential of its North Falkland Basin strategic prospects
In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.
First half of 2012; “very significant development period” for Falkland Oil and Gas
The AIM listed company Falkland Oil and Gas Ltd reflected on Thursday on the progress made in the first half of the year when it managed a significant equity placing and negotiations for two farm-out deals which helped with a cash-balance of over 220 million dollars.
Cristina Fernandez in “good health condition” but still in rest and recovery
Argentine President Cristina Fernández is in “in a good health condition” after she cancelled all her official activities on Wednesday due to a low blood pressure bout, doctors informed on Thursday.
US jobs market remains bearish; Fed says recent economic data stronger
The number of US citizens filing new claims for jobless benefits unexpectedly rose last week, suggesting the labour market is healing too slowly to make much of a dent in the unemployment rate. However an official from the Federal Reserve said US economic data in recent weeks had improved.
Thousands of Chilean students march demanding education reform
Thousands of young Chileans marched peacefully on Thursday in different cities demanding education reform and equal conditions and rights for all young Chileans, amid a heightened police presence.
Argentina challenges the US in trade and reaffirms current economic policies
The administration of President Cristina Fernandez again challenged the United States on the “trade restrictions in place against Argentine products” which it claims are part of “a protectionist policy inconsistent with from the World Trade Organization”.
Company confirms abundant gas condensate in south Falklands and prepares new drilling program
Shares in Borders and Southern soared almost 20% on Thursday as the company revealed positive findings from the analysis of condensate fluids from its Darwin discovery well in the south of the Falkland Islands where it plans to continue appraisal drilling in 2014.
Argentina promulgates tax data exchange bill, but Uruguay still has to vote it
The Argentine government on Wednesday promulgated the tax agreement reached with Uruguay geared to lower fiscal evasion and elusion plus avoiding double taxing for residents from the neighbouring countries.
Argentina/US trade conflict escalates following Argüello claims and strong reply from Washington
The current war of words over trade barriers going on between the US and Argentina further escalated tensions on Wednesday as Argentine Ambassador to the US Jorge Argüello highlighted: “the United States has been reported for a number of trade law violations.”
Animal welfare demand inquiry into death of 400 pregnant heifers en route to Russia
The Animal Welfare Institute (AWI) and Compassion in World Farming are calling on the US Department of Agriculture (USDA) to take immediate action following reports that 400 pregnant cattle among a total of 3,900 cattle being transported by ship from the United States to Russia have died en route.
