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Montevideo, February 26th 2024 - 23:36 UTC



Falklands’ Desire with sufficient funds for oil drilling round and 3D surveying

Tuesday, February 1st 2011 - 17:53 UTC
Full article 44 comments
Ninky prospect waiting for “Ocean Guardian” Ninky prospect waiting for “Ocean Guardian”

Falkland Islands Desire Petroleum announced Tuesday it has sufficient funds to complete the programmed round of six well drillings, additional 3D seismic surveying and demobilization costs at the end of the campaign.

In a report under the heading of Desire, North Falkland Basin, February 2011 Presentation, the company outlines an update on drilling results, the prospectivity of the licences, future drilling plans, the status of the 3D seismic acquisition program and the current funding position.

The company’s current cash position is equivalent to 53 million GBP.

Desire also reveals that the next well to be drilled is on the Ninky prospect, subject to all regulatory approvals, when the “Ocean Guardian” rig returns to Desire in March/April.

Follows the full report: North Falkland Basin - Presentation February 2011

Financial Tags: DES.

Top Comments

Disclaimer & comment rules
  • xbarilox

    Of course...

    Feb 01st, 2011 - 06:07 pm 0
  • khh

    The rig is going to drill like plastic faces rubber fist.

    Feb 01st, 2011 - 06:08 pm 0
  • arquero

    game is over.......

    Feb 01st, 2011 - 06:42 pm 0
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