Falklands’ Desire ‘exited’ about prospects plans to drill four more wells

Monday, September 13th 2010 - 20:33 UTC

Full article 7 comments

Falkland Islands Desire Petroleum (AIM-DES) is upbeat about the prospects for finding major reserves of oil offshore the Islands despite mixed results so far and revealed plans to further drill four wells in the North Falkland basin. Read full article

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Conqueror
Comment for the editor. Shouldn't the title of the article be “Falklands’ Desire ‘excited’ about prospects plans to drill four more wells”?
Sep 14th, 2010 - 11:14 am - Link - Report abuse 0
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avargas2001
Comment removed by the editor.
Sep 14th, 2010 - 05:52 pm - Link - Report abuse 0
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Think
“Exited” is more correct...
They want out of Malvinas ASAP...
They are “exited”
Sep 14th, 2010 - 07:48 pm - Link - Report abuse 0
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Beef
We can allow the occasional typo I think. A new prospect identified, now this interesting and there has been a lot of interest in DES today! An exciting end to 2010 and start to 2011 for investors. There will be highs and lows from drill to drill but as more data is collected the upside is massive!

Got to be in it to win it!
Sep 14th, 2010 - 08:01 pm - Link - Report abuse 0
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Think
My favourite poster on the iii........I soooo much hope he's right :-)

SleepysaSage:
Deafening silence from RKH BoD. Not suggesting it is anything sinister at all but with every passing second Sleepy is becoming more confident that either Sea Lion won't flow and/or pressure problems will indicate Sea Lion is more puddle and less reservoir.

Sea Lion was not discovered in an established oil frontier but a virgin one. If you drill in the Middle East and strike oil you already know from giant and supergiant oil fields in the region that 1) trap sizes are generally very large to huge 2) permeability and porosity are excellent and the oil flows.

Sealion is ONE well in a VIRGIN basin. There isn't enough data to be confident about the outcome for the prospect in my opinion. 7/8 have failed to identify significant reservoired hydrocarbons - is there a general problem with the FI trapping mechanism(s), has most of the oil leaked away? Scientists makes excuses, investors make commercial decisions.

There is far too much optimism and very little realism. £700m on one successful well in a virgin basin - you couldn't dream it up. This is a huge bubble in my opinion.

Hope when I am proved right you guys (including OilBrat) are man enough to say “Sleepy, you were right all along”.

Where is the RNS? How do put a positive spin on a waxy puddle????

Trust no-one (except Sleepy)
Sep 14th, 2010 - 08:39 pm - Link - Report abuse 0
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stick up your junta
Oil or no Oil the Falklands aint going to belong to the Argentines,
Still, plenty more rock cod in the sea and we know how much the Spanish like rock cod, bring on the chips,and I dont mean the ones on the Argies shoulders :-)
Sep 14th, 2010 - 09:05 pm - Link - Report abuse 0
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JustinKuntz
Ah yes, your favourite poster as he happens to agree with your POV.

So...objective.
Sep 15th, 2010 - 11:51 am - Link - Report abuse 0
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