Falklands denies any commitment to reduce oil royalty has been entered

Tuesday, March 14th 2017 - 06:26 UTC

Full article 11 comments

The Falkland Islands government announced on Monday that it is currently in discussion with Premier Oil on a wide range of issues with the objective of progressing the Sea Lion development towards a successful project sanction. Read full article

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Think
TWIMC...

MercoPress article's heading says...:
“Falklands denies any commitment to reduce oil royalty has been entered.”

The Times article heading says...:
“Premier Oil asks Falklands for tax break to develop field”...
Or..., in plain Engrish...: :
What Premier Oil is heading at is the condonation of their 3-4 years old £100,000,000 deferred tax debt owed to the FIG(leaf)...

Strongly reducing or even canceling their current 9% oil royalty per barrel plus 26% profit corporation tax agreement with the Engrish Colonial Administration in Malvinas is..., of course..., also very much in the plans of the Engrish Pirate Oil Adventure Companies in the South Atlantic...

That is how the cookie is crumbling these days..., Mr. Director of Mineral Resources Bogmonster...
You have been employed as the local boss of one of them Pirate Oil Companies..., lad...
You have some limited choices...
Take it... or...
Capisce...?
Mar 14th, 2017 - 09:19 am - Link - Report abuse -3
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DemonTree
So, it has indeed appeared, but it doesn't really detail exactly what was in the Times article that they are denying. That's not much use. Could you quote the relevant bit with the £100,000,000 figure please, Think?
Mar 14th, 2017 - 12:30 pm - Link - Report abuse -2
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Think
DYOR..., Lad..., DYOR...
Info is out there for anybody that cares...
Even in a couple of auld MercoPress's articles...(If memory serves me right.)
Mar 14th, 2017 - 12:37 pm - Link - Report abuse -1
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Brit Bob
Regarding Falklands oil exploration, Argentine Foreign Minister Jorge Taiana stated in February 2010, that his Government would take 'all measures necessary to preserve our rights' and also reiterated that Argentina had a 'permanent claim' on the islands, saying 'Buenos Aires would complain to the UN over the oil project and might take the case to the International Courts of Justice in the Hague.' (British Drilling For Falklands Oil Threatens Argentine Relations, Pope, F. , 13 Feb 2010 and Potential Drilling off Falkland, Provokes Tension Between Argentina & UK, IRRU News, 17 Feb 2010).

Why's it taking soooo long?

Ah, Falklands – Territorial Waters: https://www.academia.edu/10574593/Falklands_Islands_Territorial_Waters
Mar 14th, 2017 - 12:55 pm - Link - Report abuse 0
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DemonTree
I'm not signing up to a Murdoch organ just to read about oil, Think, and there's no point discussing it without that knowledge, so I will have to leave it there.
Mar 14th, 2017 - 01:04 pm - Link - Report abuse 0
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Think
You better do..., then...
Mar 14th, 2017 - 01:15 pm - Link - Report abuse -2
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golfcronie
Think/Voice you keep dodging the question, “ What can the Argentine government bring to the negociating table that the FALKLANDERS would even contemplate ” Your silence is typical as Argentina itself has not even thought about it.
Mar 14th, 2017 - 03:02 pm - Link - Report abuse +1
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Think
By the way...
The share value of the above mentionedPremier (Engrish Pirate) Oil seems to be plummeting today...!
Down ~ 8% until now...!
http://www.iii.co.uk/investment/detail?code=cotn:PMO.L&display=discussion

Chuckle chuckle
Mar 14th, 2017 - 03:20 pm - Link - Report abuse -1
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The Voice
Buying opportunity Think - so easy to spot a financial Turnip!

Chuckle Chuckle...
Mar 14th, 2017 - 04:27 pm - Link - Report abuse 0
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darragh
Golfcronie

I've often asked the same question on this and other sites and am invariably presented with a stony silence - except for one twonk who said that Argentina might be prepared to allow the UK to retain sovereignty over South Georgia.

The reality is of course, as everybody well knows, that Argentina just expects the FI to be handed over but they don't have the balls to admit it....
Mar 14th, 2017 - 11:14 pm - Link - Report abuse +1
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Jo Bloggs
Golfcronie/ darragh

They can offer us nothing that could make life better for us now apart from leaving us alone. That's why they constantly try to put pressure on their neighbours to impede our development; the idea being that if we were under their control those things wouldn't happen to us. They have no plan for what life in the Falklands would be like if they were ever granted (they could never take it) sovereignty. That would be like having a plan for if God appeared on earth one day. Pointless.
Mar 14th, 2017 - 11:58 pm - Link - Report abuse +1
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