MercoPress. South Atlantic News Agency
Falklands: Rachel North Exploration Well 14/15-2 Oil Discovery
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres. Read full article
Comments
Disclaimer & comment rulesLooks like drilling another well in the Rachel Prospect was worth it after all.
Dec 02nd, 2010 - 09:53 am - Link - Report abuse 0:-)))
Yep, and I hope this gets right up the noses of the Argentine warmongerers and doom merchants. Great news for the Islands and more drilling to come in 2011.
Dec 02nd, 2010 - 09:56 am - Link - Report abuse 0Excellent news!!
Dec 02nd, 2010 - 10:21 am - Link - Report abuse 0Money, money, money!!!
No doubt we will be called pirates! Scary words or what! Arrrggghhh me harteys!
Dec 02nd, 2010 - 10:27 am - Link - Report abuse 0'Thieving pirates' Beef, get the terminology right.....you scurvy swab!
Dec 02nd, 2010 - 10:29 am - Link - Report abuse 0ARrrr!
Dec 02nd, 2010 - 10:55 am - Link - Report abuse 0You guys surely know the lingo......
Dec 02nd, 2010 - 11:04 am - Link - Report abuse 0Must run in your blood.........
Genetics? :-)
Yup, just like cowardice runs in Argie blood Twinky.
Dec 02nd, 2010 - 11:28 am - Link - Report abuse 0All macho gesticulating and mouthing off but off over the horizon in a puff of dust at the first sign of any real trouble...
Another huge hydrocarbons nail in Argentina's coffin! The current tally now stands at two, with more hopefully on the horizon. Keep on drilling.
Dec 02nd, 2010 - 11:55 am - Link - Report abuse 0@Think 7
Dec 02nd, 2010 - 12:24 pm - Link - Report abuse 0Right! it's keelhauling for you, you landlubber! and a lick o' the cat.
Oh dear ... the Buenos Aries Herald has used the F word :-)
Dec 02nd, 2010 - 01:58 pm - Link - Report abuse 0http://www.buenosairesherald.com/BreakingNews/View/52878
we should have a long row of wind turbines and blow the argies back to the mainland, or just pass wind, it wont take much for the rout to start
Dec 02nd, 2010 - 02:32 pm - Link - Report abuse 0the argentines are used to it,
Remember all the Argies gloating about “Despair Petroleum” and “sitting back to watch our failure” on this thread:
Dec 02nd, 2010 - 02:55 pm - Link - Report abuse 0http://en.mercopress.com/2010/11/01/falklands-exploration-company-desire-unable-to-reach-drilling-target-depth
What do you say now boys?
:-)
the asylum sits quietly, the argie bloggers are thinking,
Dec 02nd, 2010 - 02:59 pm - Link - Report abuse 0how can they reply without giving the game away,
You guys are hilarious; Think has an idea about Malvinas oil, only an opinion; but in Argentina there are lot of people that are happy with this discovery; some of them are beting that in near future the role of oilies stockholders in this dispute will be the same that had the londoners bondholders (bonoleros) during Rosas & anglo-french blockade time.
Dec 02nd, 2010 - 03:20 pm - Link - Report abuse 0Keep investing guys; your role will be crucial; greed is the most powerfull feeling.
Billy - you are so out of touch with reality it is scary. Perhaps you and CFK should see the same shrink? Just an opinion.
Dec 02nd, 2010 - 03:43 pm - Link - Report abuse 0Billy, you're not very convincing I'm afraid. If you lot are so happy about the discovery, then why have you been doing your best to impede it? Doh...
Dec 02nd, 2010 - 03:57 pm - Link - Report abuse 0And believe me, greed is not the most powerful feeling. That is a mistake you just keep on making.
A not very convincing effort Billy, credit to you for trying to put a brave face on it but the envy and frustration are apparent in your post.
Dec 02nd, 2010 - 04:03 pm - Link - Report abuse 0Happy day for the Falklands Billy, not so happy for Argentina I reckon.
Everybody has known, since the 70's that there is oil down there!
Dec 02nd, 2010 - 04:50 pm - Link - Report abuse 0The BIG question is: --- Is it commercial? ---
Sea Lion field has not been ”confirmed commercial”, not even by Rockhopper itself.
The “commercial potential” of today’s oil discovery is already been doubted by many British oil “experts”....
My opinion is still that Desire Petroleoum is a very ”fishy” company.
Shares went higher on a rumor some days ago than on today’s official “Oil Discovery” announcement.
Very “”fishy” indeed…………
Let’s hope I’m right…………..
And, of course,………….do not forget that Argentinas stated intention is to transform any eventual British “Commercial Discovery” into an “Non Commercial” discovery.
As simple as that............
British “Commercial Discovery” into an “Non Commercial” discovery.
Dec 02nd, 2010 - 04:56 pm - Link - Report abuse 0Erm ,In my best yah boo suck sulky argie voice
Well it certainly wont be a Argie Non commercial dicovery :-)
“And, of course,………….do not forget that Argentinas stated intention is to transform any eventual British “Commercial Discovery” into an “Non Commercial” discovery.”
Dec 02nd, 2010 - 05:13 pm - Link - Report abuse 0Ah well, it's good to have a dream think, perhaps you Argies would like the moon on a stick as well eh?
Keep pushing the islanders away from South America.
Dec 02nd, 2010 - 05:41 pm - Link - Report abuse 0Let them get deeper ties with the UK and look elsewhere for partners.
Let them build there own Facilities for such things as dry docks and oil.
The UK can then use said Facilities to UK to exploit its own resources in the South Georgia and South Sandwich Islands.
Good plan, stan!
LOL @ all these MAD u.k.ers and Islanders. Your doctor should have warned you about getting so MAD, not good for your health.
Dec 02nd, 2010 - 06:16 pm - Link - Report abuse 0ID: 250553
Dec 02nd, 2010 - 06:31 pm - Link - Report abuse 0Date: 2010-02-24 19:50:00
Origin: 10LONDON439
Source: Embassy London
Classification: CONFIDENTIAL//NOFORN
(Note: ExxonMobil
International Chairman Brad Corson told us he does not
LONDON 00000439 003.3 OF 003
believe there is enough oil on the Falkland Islands
Continental Shelf to be profitable, citing Shell's earlier
oil exploration attempts which they abandoned. End note.)
Another nail in the coffin of...
Dec 02nd, 2010 - 06:38 pm - Link - Report abuse 0oh wait!
Sour grapes on Exxon Mobils part Marcos. They're sulking because they made a bad call and so poo poo anything to do with oil exploration in the Falklands. Actually not dissimilar to Argentinas approach to the Falklands generally.
Dec 02nd, 2010 - 06:45 pm - Link - Report abuse 0Remember, you have been warned, you British Freebootting Filibusters...........:-)
Dec 02nd, 2010 - 07:10 pm - Link - Report abuse 0http://www.youtube.com/watch?v=Nvs5pqf-DMA&feature=channel
Hahahahaha
Dec 02nd, 2010 - 07:22 pm - Link - Report abuse 0Yes Marcos. Let's have a little look at the date on that shall we. Hmmm.....a bit of water under the bridge since then. Mwaaahahaha.....who's laughing now?
Dec 02nd, 2010 - 07:52 pm - Link - Report abuse 0So what? Instead of fishing you will turn to the more profitable oil industry? Did you consider what this will do to your comfortable isolated way of life, kelpers?
Dec 02nd, 2010 - 08:12 pm - Link - Report abuse 0Seam that bitterness is an Argentine trait. They just can't admit they are wrong and abject losers when it come to the Islands and their rights to engage in economic activity of their choosing.
Dec 02nd, 2010 - 10:01 pm - Link - Report abuse 0Fine by me! More shares out there for me to gobble up!
LOL, there are still hardly any facts on this. They say there's oil.......but how much? and what API? is it even commercially viable? LOL lots of unknowns, and to me, it doesn't sound at all hopeful for Falklands, otherwise they'd be really divulging all the details.
Dec 02nd, 2010 - 11:04 pm - Link - Report abuse 0We're sitting comfortable anyway mastershakey, the potential oil industry is just a bonus, a big fat bonus....
Dec 02nd, 2010 - 11:16 pm - Link - Report abuse 0your LOL is begining to sound a little forced mate.
:-))
shakey. logging is ongoing and api will require samples to be tested. how can they divulge details before they have more specific data that will allow them to update the market?
Dec 02nd, 2010 - 11:23 pm - Link - Report abuse 0nice try but do better next time.
Ok...
Dec 02nd, 2010 - 11:41 pm - Link - Report abuse 0But what about some barremian pebble-dike sands fan porosity info then?
:-))))
What ever happend to that blogger who was doing that survey.
Dec 03rd, 2010 - 12:13 am - Link - Report abuse 0Or the book on how Argentina sets example to the western world,
[Another dream I supose ] very quiet tonight, supose wikipedia is down again lolol
“36 ”very quiet tonight, supose wikipedia is down again“
Dec 03rd, 2010 - 12:46 am - Link - Report abuse 0WikiLeaks is runnig fine:
”Britain's four-year military stewardship of the troubled Helmand province has been scorned by President Hamid Karzai, top Afghan officials and the US commander of Nato troops, according to secret US diplomatic cables.
The dispatches expose a devastating contempt for the British failure to impose security and connect with ordinary Afghans.”
http://www.guardian.co.uk/uk/2010/dec/02/wikileaks-cables-afghan-british-military
Quite right MoreCrap -
Dec 03rd, 2010 - 01:32 am - Link - Report abuse 0http://news.yahoo.com/s/ap/20101202/ap_on_hi_te/lt_wikileaks_argentina_2
Good morning all ... hows the Falkland's blockade doing this bright morning .... continuing to put the oil industry off? No! Oh good :-)
Hi, does anyone know how to assess if the discovery is commercial?
Dec 03rd, 2010 - 01:48 am - Link - Report abuse 0“but require further analysis from additional wireline logs to establish reservoir potential”
Dec 03rd, 2010 - 06:00 am - Link - Report abuse 0I don't see any oil coming from there and you?
Patience Nico, this is just the exploration well. There's no hurry.
Dec 03rd, 2010 - 06:38 am - Link - Report abuse 0:-)
Chuckle …chuckle…..
Dec 03rd, 2010 - 09:32 am - Link - Report abuse 0Despair Petroleum must be the only oil exploration Company in the world whose shares go down the day after an ”Oil Discovery” announcement !!!
Rumors in the City are that Despair Petroleum (in concoction with the FCO)are willingly misinforming about the size of the discovery, in order not to inflame any “Argentinean anger”.
Ha....Ha...Ha....
C24 is right……….
Malvinas are really a ”special case” :-)
“Argentinian anger”?
Dec 03rd, 2010 - 10:23 am - Link - Report abuse 0Don't make me laugh, who gives a rat's arse about annoying Argentina, there's nothing we do that doesn't make Argies angry, big deal.
You really don't know very much about share dealing, do you Think. As the share price rises people buy in, and then when they think it's peaked they sell for a quick profit. Day traders. This is quite normal. I don't have any oil shares but I could have predicted the pattern.
Dec 03rd, 2010 - 10:45 am - Link - Report abuse 0me neither, Redhoyt but good luck to people that do have them. stirring times ahead. more developement for the Falklands. more employment, the country is even more valuable. still, l'm happy. gold just keeps going up & up!
Dec 03rd, 2010 - 12:03 pm - Link - Report abuse 0I show you guys yesterday the cable where Dr. Beef was running to Bahamas with his briefcase full of Greenbacks to but YPF shares from Repsol after successful bulling race sale (Known as Empomada in Argie land) of his shares of companies exploring in FI.
Dec 03rd, 2010 - 01:31 pm - Link - Report abuse 0Now dummies have to face the loses after know that the discovery was a bucket of Motoroil/40 left by the Argies in 1982 used on their Unimog.
Haha
does anyone know what happened with the argentinian submissions made to the CONVEMAR in regards to extending sovereignity beyond the 350 miles??
Dec 03rd, 2010 - 01:32 pm - Link - Report abuse 0NiceButDim - as the shares are well up (over 60%) I can only assume that you are, as normal, talking through your rear end!
Dec 03rd, 2010 - 02:11 pm - Link - Report abuse 041 WestisBest “Patience Nico, this is just the exploration well. There's no hurry.”
Dec 03rd, 2010 - 04:20 pm - Link - Report abuse 0Are you sureWest?
HMS Ark Royal returns home after final voyage
http://www.guardian.co.uk/uk/2010/dec/03/ark-royal-final-voyage
“There has been talk that she could be turned into a museum, but that may be too expensive. It is more likely that she will be sold off or simply scrapped for parts.”
“Are you sureWest?”
Dec 03rd, 2010 - 05:28 pm - Link - Report abuse 0Yes, he is..The story you linked has absolutely no relevance to anything anyone has said.
Random links again? You forgot the usual youtube link we normally get.
“Are you sureWest?”
Dec 03rd, 2010 - 05:43 pm - Link - Report abuse 0Yes I'm sure there's no hurry, you're not going to try any military action, not now, not soon, not ever...no matter what that idiot Titan says.
Who said that we are?
Dec 03rd, 2010 - 06:04 pm - Link - Report abuse 0London is desperate for money and in a hurry to find it.
Good luck.
....which is one of the reasons why they're keen that the Falklands Oilfields are under control of the FIG who favour industry ties with the UK, Luck Marcos? we don't need it mate, we've got oil.
Dec 03rd, 2010 - 06:22 pm - Link - Report abuse 0:-))
“London is desperate for money and in a hurry to find it.
Dec 03rd, 2010 - 06:26 pm - Link - Report abuse 0Good luck.”
No...the 13 million people in london still make more than double the money you 40 million argentinians make each year.
And they spend 100 times more in bills and taxes.
Dec 03rd, 2010 - 06:36 pm - Link - Report abuse 0Are we to assume that paying ones bills and taxes is not the done thing in Argentina, who'd have guessed it eh?
Dec 03rd, 2010 - 06:41 pm - Link - Report abuse 0What a lot of rubbish in here form quite a few! It will be several Months before the industry can really say Yes there is - or No there is Not Commercially viable Oil or Gas to be exploited - Calm down folks!! They have a way to go and lots of holes to drill yet to be commercially confident of reservoir potential. All that is for sure so far is - Yes - there is Oil AND Gas - that means they can raise the money to carry on exploring over the next 12 months to ascertain the size and potential. So good business and a boost to the Falklands economywill continue.
Dec 03rd, 2010 - 08:47 pm - Link - Report abuse 0Marcos - who gives a damn for wikiLeeks? Its actually quite natural for diplomats all over the world to be sending messages to each other with opinions and questions, and some diplomats are silly - so they say silly things.The best comment I have heard is Hilary Clinton saying to the press “You wait until you see what the others all say about us!”
Think - fascinated as to how Argentina thinks it can prevent an Oil/Gas Exploitation and Development operation it one happens in future - 5-10 years amybe more? It can be done with bases developed here in the Islands or wherever else be it 1500 or 7500 miles away.
If an industry develops you wil possibly have a new Govt by then - who might see sense and realise-“Lets maintain the Sov. issue at the UN yes - but at the same time lets learn to be neighbours and cooperate and try to build up some trust and business relationship-and MAKE MONEY!”
Lets accept it - anyone in Argentina with half a brain - and you have a full one - must know that the Islands are unlikley to ever become yours.I dont say “never” because none of us know who will vote for, or want what in 100-200years time!
Well no carries, no air cover, no money, economy collapsing. WOW
Dec 03rd, 2010 - 11:32 pm - Link - Report abuse 0“100-200years time!”??????
Expression of desire perhaps?
Ladies and gentlemen LAN Chile announces last call for the flight 40NF450 Santiago / Heathrow.
That gag was funny(ish) the first time Nico...........
Dec 03rd, 2010 - 11:47 pm - Link - Report abuse 0Time for a new one perhaps?
lol, UK's future = decades of stagnation/depression
Dec 03rd, 2010 - 11:56 pm - Link - Report abuse 0pmsl, mastershakejb = a whole life spent in the blind fog of ignorance
Dec 04th, 2010 - 12:08 am - Link - Report abuse 0lol, just the other way around, UKers are ignorant of their current plight
Dec 04th, 2010 - 12:46 am - Link - Report abuse 0@mastershakejb
Dec 04th, 2010 - 07:12 am - Link - Report abuse 0Brits are victims of the propaganda and lies like we were during the ’90 when everything was so wonderful until Indonesia collapsed and we ended up in a hole due to the crisis of the emerging market.
Now they are like we were (1994) when in a state of denial we were trying to hold what was already gone so far ago.
So how do you emerge from this? Well we all know that, nothing will improve until you go to the bottom AKA collapse.
UK has not done anything yet to clean up the mess in its economy. None knows how much bad assets hold the trembling banks. Banks make fancy accounting and keep hidden their real looses.
The figures reported by the govt are false Unemployment, GDP, bad assets of the banks, etc.
Do you think that you can really rebuild and economy broken like UK by a tiny cut of £ 85bn in 5 years?
Haha This is a real joke UK for next 5 years plan think to save £85bn and they have to put £10bn (that doesn’t have) to save Ireland just in a week.
Are they not amazing? And who will save them later?
And these people thinks they can win a war against Us again haha No luck the Drunk Galtieri is gone this time. sorry mates.
No luck the Drunk Galtieri is gone this time. sorry mates.
Dec 04th, 2010 - 08:53 am - Link - Report abuse 0http://www.dailyestimate.com/article.asp?id=19255
Now if chucking people out of aircraft was an olympic sport, the argies would walk away with all the golds
Nicotine,you are a waste of space:-)
“Do you think that you can really rebuild and economy broken like UK”
Dec 04th, 2010 - 10:07 am - Link - Report abuse 0Yes Nico, we've done it before. The UK has never defaulted. Argentina has, several times. You are not exactly in a position to give advice.
”Now they are like we were (1994) when in a state of denial we were trying to hold what was already gone so far ago.”
Dec 04th, 2010 - 11:00 am - Link - Report abuse 0One could say that you are in the same state of denial about the Falklands.
:-)
@Sticky
Dec 04th, 2010 - 11:34 am - Link - Report abuse 0“Now if chucking people out of aircraft was an olympic sport, the argies would walk away with all the golds”
For that reason you should look for enemies of your size try with a country called Monoco coco may be there you can impress someone with your British goals.
Down here the fauna is big, easy to irritate and dangerous.
In the end we always trash you. So my best advise for you keep doing what you are best (play music) and sell SIVs.
@J.A. Roberts
You don’t know even you own history.
Here I go default means technically a failure of payment in a schedule pre arranged legal obligations according to the debt contract.
You defaulted in 1930 as a result of financial crisis and unilaterally performed a hair cut like Argentina and restructured your debt with a draconian interest rate that provoked looses to the lenders.
And as that was not enough you imposed the Substitution of imports schema that provoked the collapse on commerce of your partners, like Argentina. US and UK sunk the world into depression. Known as the Big Depression.
If you want to go more deep in history your king Edward III was the responsible of the broke of the bankers of Florence/Venice AKA Bardi and Peruzzi banks by defaulting on their loans in 1342.
What create the bigger financial crash in European modern history and cause wars famine and widespread around Europe with the bigger displacement of people around Europe to survive.
I think its enough to show you how silly you are specially from someone claiming to be British.
All Global financial collapses lets say in recent history started in UK or USA.
And you are telling me that I’m not in position to give advice?
If you are like Zimbabwe creating money like crazy.
Erm, NicoDim. 1930 was a technical default, I'll grant you that, but we did eventually pay up. There was no “haircut” for the holders of our debt. Edward III really is scraping the barrel NicoDim, considering the number of times Argentina has defaulted in the last 200 years.... try harder mate...
Dec 04th, 2010 - 03:36 pm - Link - Report abuse 0wont take long for the Argies crawl their way back up
Dec 04th, 2010 - 03:57 pm - Link - Report abuse 0http://latino.foxnews.com/latino/politics/2010/12/03/argentina-flush-drug-money-cable-says/
Nicotine the paco head is doing his bit for the argie economy
“Edward III was the responsible of the broke of the bankers of Florence/Venice AKA Bardi and Peruzzi banks by defaulting on their loans in 1342.”
Dec 04th, 2010 - 04:02 pm - Link - Report abuse 0LOL!
1342?
Classic.
UK future = decades of stagnation/depression
Dec 04th, 2010 - 05:33 pm - Link - Report abuse 0Like I said above. mastershakejb = a whole life spent in the blind fog of ignorance
Dec 04th, 2010 - 09:31 pm - Link - Report abuse 0J.A, don't be too harsh on them..We don't want a repeat of the 1340's. We all remember how hard those times were.
Dec 05th, 2010 - 12:34 am - Link - Report abuse 0@J.A. Roberts
Dec 05th, 2010 - 04:04 am - Link - Report abuse 0You see bankers as your heroes and sure I can believe you will starve your kids to pay your debt. Good I will lend money to you when I create my first bank and with the most draconian clauses I’ll be able to make you sign for.
But you or your mentality or your world its not Ours we shit on greedy bankers, parasite speculators, Hedge funds, etc like the Germans.
So everything its ok none is lending to Us and we are pretty well Growing and Growing on the contrary to your falling economy but you have AAA rating debt. and you are (according with you) an economy super power without cash, real assets, no jobes and nothing to sell to the world. Good you can still keep borrowing more as far as you can to make faster your collapse.
“Erm, NicoDim. 1930 was a technical default”
Roberts all are technical default again default means a failure in the schedule of payments like when you take a loan from a bank. When you are not able to pay in terms depending of the clauses on the contract you enter into default. That doesn’t mean you will not pay else that your debt will be restructured to a new agreement. Depend of your power could be restructured under the Lender conditions as its usually done or by the borrower condition if you are strong enough.
So a default its a default UK as was a big power when defaulted could managed to put her conditions to her lenders.
The same have done Argentina and restructured her debt according to her needs plus a good haircut and had successfully managed to get away with it.
I hope when you default in near future you will be strong enough to put your conditions to lenders as we have done else you will be turned into slaves of the fat cats bankers. Time will tell what the real power of Britain is on these days.
Run that by me again Nicotine,you should be in the Argie goverment,not wasting your play time debating with us skint Brits
Dec 05th, 2010 - 10:10 am - Link - Report abuse 0Yea, exactly NicoDim, your “talents” are wasted here on the Mercopress threads. You should be in government, helping defend your beloved princesa de plastica against all those marauding bankers (oh, and by the way please show me where I said bankers were heros).
Dec 05th, 2010 - 12:09 pm - Link - Report abuse 0@J.A. Roberts
Dec 05th, 2010 - 12:36 pm - Link - Report abuse 0Oh! Don’t worry I don’t defend her by the way she does pretty well by defending herself.
But come on boys you should defend David Cameroon because when he will have to use his scalpel to make deeper cuts I cannot assure you he will be able to end his mandate.
By the way what do you think will happen when the people start to riot in UK?
Cameroon will run like De la Rua here or the Bobbies will start to shoot people on the streets?
Would be like this perhaps?
http://www.youtube.com/watch?v=Kte0T-nPAT4
http://www.youtube.com/watch?v=Kte0T-nPAT4
Time to think about it don’t you think so?
Ah yes Nicodume pulls another 360 turn yet again?
Dec 05th, 2010 - 01:07 pm - Link - Report abuse 0So remind me how does racial riots in the 80's in the UK suddenly become of relevance to pointing out that Argentina has defaulted on all its loans?
OOh very slick Nicodume! But can we have something relevant to the question asked and not some mindless tangent which is nothing more than a gutless mud slinging diversion at the UK?
I don't think you've answered anything about Argentina at all have you?
So has Argentina or hasn't Argentina defaulted on loans three times as many times as the UK?
Credit where its due nicotine,nobody does riots like you argies,I heard your breath is the only thing that can stop them Nicotine
Dec 05th, 2010 - 05:11 pm - Link - Report abuse 0http://www.telegraph.co.uk/news/worldnews/southamerica/argentina/1365897/Argentina-in-state-of-siege-after-riots.html
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