Falklands: Desire begins drilling second exploration well, Rachel 14/15-1

Monday, September 27th 2010 - 17:56 UTC

Full article 6 comments

Desire Petroleum (AIM:DES) the first oil and gas exploration company to contract a rig and begin the current round of drilling in the Falkland Islands announced Monday the spudding of its second exploration well, Rachel 14/15-1. Read full article

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Beef
Very close to Sea Lion. Fingers crossed for more oily fun!
Sep 27th, 2010 - 06:03 pm - Link - Report abuse 0
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Ale
Comment removed by the editor.
Sep 27th, 2010 - 08:16 pm - Link - Report abuse 0
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Beef
What on Earth are you on about Ale. We are still celebrating the commercial Sea Lion and will see what Rachel holds. What is certain that as drilling continues we find out more about the basin and find more of the good stuff.

The only one's crying are the brainless muppets on these forums who praynfor dusters.
Sep 27th, 2010 - 08:49 pm - Link - Report abuse 0
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JustinKuntz
Beef,

You knowledge here is better than mine, if the rock strata is the same, if the Falklands prospecting is a bust, does this mean it is likely the Argentine drilling will be as well?
Sep 27th, 2010 - 09:01 pm - Link - Report abuse 0
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Beef
I am no geologist but it appears that these drill sites are across ancient river basins where the remnats of what lives collected and were covered in sediment.

That is the case in the NEFB (Sea lion & Rachel).

I have no knowledge of the data from the area that Argentina is proposing to drill in their waters but have no need to. It is likley that they may be completely different types of play as is the case between the NFB and the SFB!

Either way the NFB is looking even more promising and has been de-risked by the Sea Lion results. Just waiting for an upgrade now, ££££££!
Sep 27th, 2010 - 09:10 pm - Link - Report abuse 0
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lsolde
should have bought some shares while they were low. spent it all on gold shares. ah well, you don't miss what you never had(heard that somewhere else).
Sep 29th, 2010 - 11:16 am - Link - Report abuse 0
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