MercoPress. South Atlantic News Agency
Falkland Oil and Gas Limited - Licence Update
FOGL, the oil and gas exploration company focused on its extensive licence areas to the South and East of the Falkland Islands, announces certain changes to its licence arrangements with the Falkland Islands Government. Read full article
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Disclaimer & comment rulesUuuuups….
Sep 28th, 2010 - 03:41 pm - Link - Report abuse 0Billiton pulling out of the ”British South Atlantic Oil Adventure”...:-))))))
What does this “Mayor Multinational Company” know that we don’t ???
Input anybody ???
BHP have put oil down their priority list and are focusing on Potash for future growth. This is usual from big corps. While this is a short term hit for FOGL they have just regained 100% control of their huge area and have data from Toroa (at a bargain as BHP paid for 75% of that).
Sep 28th, 2010 - 06:04 pm - Link - Report abuse 0Shell did the same in India and Cairn picked up the peices and have been a success story. Options for FOGL is secure a contract for a suitable rig (possibly share with BOR) and drill Loglio in 2011 as planned or secure another farm in partner with better access to rigs that what BHP had; BP possibly?
Either way I bought at a very low price, still in profit and will top up when salary gets into my account tomorrow. It is amazing what a company with a 100% interest in their licence can acheive, ask RKH.
Loglio has an CPR of 1.3 billion so if they find the sweet spot then FOGL sp will go into orbit!
Ahhhhh........ Potash............. Why didn't I think about Potash!
Sep 28th, 2010 - 06:09 pm - Link - Report abuse 0:-)
The Chinese and Indians are thinking about it big style, they need it to be able to feed their growing population. SXX has seen a massive % increase in it's sp. Missed that one but probably another increase in the not too distant future.
Sep 28th, 2010 - 07:01 pm - Link - Report abuse 0Why so much news from “The Falklands”? when MercoPress is based out of Montevideo? (supposedly) The islanders don't consider themselves to be part of Mercosur and Uruguay has nothing invested in the islands, they couldn't care less. Can someone explain this to me?
Sep 28th, 2010 - 07:12 pm - Link - Report abuse 0Ocampo_RA, I'm sure the Islanders would love to join Mercosur, and I'm sure they'd love to have a normal relationship with their nearest neighbour, but sadly until that neighbour starts behaving like a neighbour should instead of a school-yard bully, nothing will change.
Sep 28th, 2010 - 07:41 pm - Link - Report abuse 0I would have thought that it's obvious that while MercoPress focuses on Mercosur it also reports on stories from all of South America, which includes the Falklands, and even further afield and lack of investment somewhere is hardly a disqualification to report on that place. It's self-explanatory really...
(5) Ocampo RA
Sep 28th, 2010 - 07:48 pm - Link - Report abuse 0I asked myself the same question some months ago....
Look at:
http://en.mercopress.com/2010/06/16/brazil-denies-and-will-not-accept-contacts-with-falklands-oil-industry
Coment (55) and down....
Saludos
Argentina has every right to do whatever is deemed necessary to deal with the illegal occupation and exploitation taking place in and around Malvinas.
Sep 28th, 2010 - 08:17 pm - Link - Report abuse 0MercoPress is obviously NOT based in Uruguay, the way articles are written make this obvious, especially with so many articles focused solely on Malvinas, it would make MercoPress the only forum in Uruguay that even talks about Malvinas let alone as “the Falklands”. There is a hidden agenda here, of that I have no doubt.
Saludos Think
It's funny how Argentina is the only country which thinks the Falklands are occupied illegally.
Sep 28th, 2010 - 08:32 pm - Link - Report abuse 0Oh, and putting Falklands into inverted commas is really amusing. The Spanish name for those islands did not come into currency until nearly 100 years after they were named the Falkland Islands. Old Argentine maps even called them Las Islas Falkland.
I suppose that if the drilling was illegal then Argentina will take the matter to the only court that can rule on these things, the ICJ? If not then why bother saying that something is illegal.
Sep 28th, 2010 - 09:20 pm - Link - Report abuse 0Are the USA complicit by allowing Diamond to offer their services and what about Brazil who allowed the rig to call into port on the journey south? Are they guilty of assisting in illegal acts?
9 J.A. Roberts “It's funny how Argentina is the only country which thinks the Falklands are occupied illegally”.
Sep 29th, 2010 - 12:10 am - Link - Report abuse 0Mr Roberts the articles below contradicts your opinion.
http://en.mercopress.com/2010/06/09/oas-assembly-gives-full-support-to-argentina-s-malvinas-claim
”It acknowledged the “special and particular colonial situation”
http://en.mercopress.com/2010/06/09/oas-assembly-gives-full-support-to-argentina-s-malvinas-claim
Excellent examples of 'lip service' ... thank you Ale :-)
Sep 29th, 2010 - 12:46 am - Link - Report abuse 0Please mr. hoytred; don´t attack intelligence here; diplomacy is a long run game.
Sep 29th, 2010 - 01:19 am - Link - Report abuse 0is a mistake for britain to rely only in force for the long run.
I cannot attck intelligence here .... there's very little of it about. As you prove on a regular basis.
Sep 29th, 2010 - 01:36 am - Link - Report abuse 0As for diplomacy ...... you are newcomers to that devious game. The only centre of power within the UN is the Security Council. Have a good close look at the permanent members and see who has 'colonial' situations (for want of a more accurate term), and then try and work out who will really support Argentina against the UK. None of the big players.
Lip service is all you'll get.
Erm Ale, don't you think it's interesting that that OAS support for Argentina's position was never actually ended up on any official OAS document. Words are cheap.
Sep 29th, 2010 - 03:22 am - Link - Report abuse 0“special and particular” does not mean “illegally occupied”. Even a child could work that one out...
“special and particular” Are two words you could use to describe some of the posters on this forum.
Sep 29th, 2010 - 11:14 am - Link - Report abuse 0Oil bubble is getting smaller and smaller..............
Sep 29th, 2010 - 08:10 pm - Link - Report abuse 0http://www.stockopedia.co.uk/content/rockhopper-sea-lion-valuation-analysis-48506/
Rockhopper AGM tomorrow :-) a couple of glasses of Chateau Neuf de Pape and a gift for the wife I think!
Sep 29th, 2010 - 09:01 pm - Link - Report abuse 0Commenting for this story is now closed.
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