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More oil found in Falklands’ waters: drilling of two additional wells announced

Wednesday, November 9th 2011 - 22:02 UTC
Full article 45 comments

Rockhopper Exploration declared a second oil and gas discovery in Falkland Islands waters and announced the drilling of an additional two wells. The announcement comes exactly two years to the day since the Falklands’ shore based yard began its work in support of oil development in the Islands. Read full article

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  • Beef

    What is that I hear in the distance? Yes, the fat lady has just started to clear her throat and will be doing her warm up scales soon. When she starts to sing I think we are in for one hell of a performance :-)

    Nov 09th, 2011 - 10:18 pm - Link - Report abuse 0
  • Fido Dido

    question, is this good news only for the people in the Falklands or is it good news for the UK only or is it good news for both?

    Can someone explain me how the Falklanders will react if the UK government takes it over in the name of “let's share the oil for the british people”.

    Would Falklanders accept if most of the wealth goes to the hungry UK government? Is it even possible that the UK can take away the wealth what belongs to the people of the falklands?

    we all know that Argentina won't like this at all, no matter what happens..but forget about that for a moment.
    just some questions.

    Nov 09th, 2011 - 10:18 pm - Link - Report abuse 0
  • SamSalzman

    If the UK tried to do that, the Falklanders might rightly get a little cheesed off. But we won't do that I'm sure. Just like we wouldn't turn Port Stanley into a nuclear testing range.

    Either way, I'm sure they would rather we got some oil revenue then Argentina did, especially after Cristina tore up the oil agreement in one of her tantrums.

    Nov 09th, 2011 - 10:22 pm - Link - Report abuse 0
  • stick up your junta

    The oil belongs to the Falklanders,and good luck to them, as long as the Argies dont get a sniff, I am happy for them

    Nov 09th, 2011 - 10:31 pm - Link - Report abuse 0
  • Beef

    Fido - The UK has no constitutional capacity to take the oil revenue from the FI. The licences are issued by the FIG, the tax and royalty structure have been determined by the FIG and as such the money will flow to the FIG to spend on what ever they see fit.

    The UK takes no revenue from the financial service industries in Bermuda or the Cayman Islands or any money from Tourism in any of the BOTs.

    The only way the UK profits from this is the fact that it will collect stamp study from the transactions of equity of the companies that happen to be listed on the LSE (aim). But as the LSE is perhaps the most important market in the world for international companies these stamp duty collections will only be a drop in the ocean compared to the overall volume of trades.

    There is of course the Capital Gains Tax that I and fellow investors will have to pay. I have no complaints about this however as it goes towards our NHS and other public services.

    Nov 09th, 2011 - 10:36 pm - Link - Report abuse 0
  • Wireless

    Is this what happens in Argentina? A province strikes oil and central government takes over? Its not what happens between the UK and the BOTs, the islands resources belong to the islands, its a modern relationship under the Constitution, the islands aren't the colony you're led to believe by your political establishment in Buenos Aires.

    Nov 09th, 2011 - 10:56 pm - Link - Report abuse 0
  • Fido Dido

    Thanks for the comments beef.

    Nov 09th, 2011 - 11:05 pm - Link - Report abuse 0
  • Dorian

    Brits, stop stealing Argentine resources. Look at the karma you've suffered from centuries of empire: a country overrun with strange former colonials. There will be a price to pay someday for your evil endeavors in the South Atlantic.

    Nov 09th, 2011 - 11:26 pm - Link - Report abuse 0
  • Beef

    Dorian - Strange colonials? That is a fairly racist comment! Thanks to those “colonials” I can enjoy a variety of foods after a night out on the beers. We call it multiculturalism and I personally love it.

    The resources belong to the FI and if we were stealing then why haven't your gvt taken us to court?

    Nov 09th, 2011 - 11:36 pm - Link - Report abuse 0
  • SamSalzman

    The Karma of strangers? Poland, Lithuania and Afghanistan and China were never British territory. And then most of you are colonials, unless Spaniards come originally from South America.

    Nov 10th, 2011 - 12:01 am - Link - Report abuse 0
  • Kipling

    Wireless, how is the problem of bp in USA?

    Nov 10th, 2011 - 12:16 am - Link - Report abuse 0
  • Redhoyt

    #8 - Not Argentine !

    ” December 16th, the International Covenant on Civil and Political Rights is adopted by UN General Assembly Resolution 2200A (XXI) -
    “ Article 1. All peoples have the right of self-determination. By virtue of that right they freely determine their political status and freely pursue their economic, social and cultural development.
    2. All peoples may, for their own ends, freely dispose of their natural wealth and resources without prejudice to any obligations arising out of international economic co-operation, based upon the principle of mutual benefit, and international law. In no case may a people be deprived of its own means of subsistence.
    3. The States Parties to the present Covenant, including those having responsibility for the administration of Non-Self-Governing and Trust Territories, shall promote the realization of the right of self-determination, and shall respect that right, in conformity with the provisions of the Charter of the United Nations.”

    No. 2 = colonial peoples have the right to exploit their own resources.

    The Islanders are protected by the UN. :-)

    http://falklandstimeline.wordpress.com/1966-1981/

    Nov 10th, 2011 - 01:50 am - Link - Report abuse 0
  • Marcos Alejandro

    12- Great Hoyt, let the Chagossians return to their homeland otherwise British hypocrisy make all of you look like fools.
    Hypocrisy: The practice of professing beliefs, feelings, or virtues that one does not hold or possess; falseness.

    Nov 10th, 2011 - 02:11 am - Link - Report abuse 0
  • Teaboy2

    @Marcos #13

    Let the native indians return to their ancestral homeland then too! Ohh i forgot you just about wiped them all out.

    You really should take a good look at your own country before calling others hypocrites, but then argentina is the biggest hypocrite of them all.

    Nov 10th, 2011 - 02:20 am - Link - Report abuse 0
  • Wireless

    Kipling, when you can construct a sentence that is vaguely a question I'll be happy to answer, until then you look stupid.

    Nov 10th, 2011 - 03:10 am - Link - Report abuse 0
  • Beef

    Marcos - the only fools here are the ones who rant and rave but are too pathetic to do anything to back up their claims and threats. That kind of sums up your entire leadership.

    Keep sweeping the floor Marcos, that are people that needs to walk on by.

    Nov 10th, 2011 - 08:11 am - Link - Report abuse 0
  • Be serious

    This is excellent news.
    Well done Rockhopper!
    Don't worry Argentina, am sure you too will have some oil in your own adjacent territorial waters. Rockhopper's skills and experience should prove invaluable if you are having problems though.

    Nov 10th, 2011 - 09:32 am - Link - Report abuse 0
  • Rhaurie-Craughwell

    Today has been marked by the dead silence of Thunk (run out of nails obviously) and a pitiful response by More-crap jabbering on incoherently about the Chagossians.....

    What happened to “Urinehopper” more crap :) hahaha is that the sound of you munching on your own words? Swallow it all more crap....swallow it all :)

    Nov 10th, 2011 - 12:27 pm - Link - Report abuse 0
  • stick up your junta

    This is for our Argie Amigo's

    http://www.youtube.com/watch?v=UJOjTNuuEVw

    Nov 10th, 2011 - 01:47 pm - Link - Report abuse 0
  • zethe

    Haha.

    Nov 10th, 2011 - 03:47 pm - Link - Report abuse 0
  • Marcos Alejandro

    18 Adam, ”What happened to “Urinehopper”

    246.62 -6.25 (-2.47%)

    Thanks for asking!

    Nov 10th, 2011 - 04:15 pm - Link - Report abuse 0
  • stick up your junta

    Today has been marked by the dead silence of Thunk (run out of nails obviously)

    35 Think (#)
    Nov 10th, 2011 - 05:22 am

    Lurcio's out there :-)))))

    Bet that makes you feel better Marcos ( give a little whistle) :-)

    Nov 10th, 2011 - 04:59 pm - Link - Report abuse 0
  • Beef

    Hey Marcos, seven days of side tracking! Hmm wonder what they are doing that? ££££££ me thinks. Why just focus on the sp of RKH how did FOGL and DES do today?

    You might as well admit it Marcos, your hope on no oil being produced in the FI has gone up in smoke! It is too painful for you I know.

    Your gvt is unwilling to do anything about it and fails to get any actual support. Carry on complaing Marcos, we will carry on being Great!

    Nov 10th, 2011 - 06:37 pm - Link - Report abuse 0
  • Rhaurie-Craughwell

    Do I hear the sound of More-crap munching his own words?

    What was More-crap saying in the depths of history:

    2010 “There is no oil”
    early 2011 “Hahah there is no oil only water”
    late 2011 “hahahah Urine hopper dropped 0.0000001% on shares!”
    current: “EEENGLISH CHAGOISSINS LOOK I POST VIDEO OF MARINES IN MUD JEJEJEJE”

    that whup whup boomerang sound you here more-crap is your previous claims coming to smack you right in the face.....

    Enjoy the pain of failure lol :)

    Nov 10th, 2011 - 07:16 pm - Link - Report abuse 0
  • Marcos Alejandro

    244.38 -8.75 (-3.46%) Oooopppsss

    Nov 10th, 2011 - 07:29 pm - Link - Report abuse 0
  • zethe

    Bit of a sad argument there Marcos. The daily share price fluctuations have no relevance on whether oil production will start in the islands.

    It's clear now that there is oil, in two locations.

    I guess your ownly hope is that some slight drops in share price will somehow stop the company from producing oil... Sad, really.

    Nov 10th, 2011 - 07:47 pm - Link - Report abuse 0
  • Marcos Alejandro

    Malvinas is part of Argentina and 14000KM away from England...Sad, really for you.

    Nov 10th, 2011 - 08:24 pm - Link - Report abuse 0
  • stick up your junta

    @ 27
    Is that your best shot Marcos? :-)))))

    Nov 10th, 2011 - 08:51 pm - Link - Report abuse 0
  • Beef

    Marcos - who give a toss where they are. It is not your flag flying over them and there is shit loads of oil that is nothing to do with you.

    Take it on the chin like Menendez did in 82. You will feel better for accepting the reality.

    Marcos a 3% drop today is more than acceptable after a 15% gain yesterday. Even think know that thick boy.

    Nov 10th, 2011 - 08:56 pm - Link - Report abuse 0
  • Kipling

    Come On People! Australia and Bahamas need persons, YOU HAVE STRONG BENEFITS AS A PART OF COMMONWEALTH, you have an incredible future for your childs. These lands are waiting for you!!!!

    Nov 10th, 2011 - 09:12 pm - Link - Report abuse 0
  • briton

    but when it flows, will falklands oil, be used in argentine cars,
    an interesting thought.

    Nov 11th, 2011 - 12:30 am - Link - Report abuse 0
  • Rhaurie-Craughwell

    “Malvinas is part of Argentina and 14000KM away from England...Sad, really for you”

    - BAHAHAHAHAHAHAHAH is that the best you can do more-crap reiterate the govt line LOL :)

    Your floundering More-crap desperately grasping at any thing to try and win an argument......

    That Whup whup sound is getting closer more crap!

    Nov 11th, 2011 - 10:15 am - Link - Report abuse 0
  • ed

    (#) 12 Amigo
    Let's apply your arguments to the Maoris, Aussie Aborigins,Quebec .. ?

    I don't say about Scotland,Wales,N.Ireland,
    They are recognized by FIFA-UEFA as independent countries to join
    international contests.

    Nov 11th, 2011 - 12:01 pm - Link - Report abuse 0
  • M_of_FI

    I really am liking Marcos' desperation in his posts!

    Nov 11th, 2011 - 12:27 pm - Link - Report abuse 0
  • Marcos Alejandro

    34 M_of_FI Take a look to Cameron's picture in this article today and you will clearly see who the desperate is Brit :-)

    http://www.telegraph.co.uk/finance/financialcrisis/8846201/Debt-crisis-live.html

    Nov 11th, 2011 - 04:12 pm - Link - Report abuse 0
  • stick up your junta

    @35

    Yes, I havent seen a look like that since Benjamin Menéndez knew the Task force was coming to get him :-)
    and Marcos you can do bettter than that,cant you?

    Nov 11th, 2011 - 05:22 pm - Link - Report abuse 0
  • briton

    Marcos Alejandro
    You wont be saying that when their oil/gas flows in your cars,
    Besides is not the malvinas, ,like the Atlantis just a myth
    Your envy shows in your replies all the time,

    Nov 12th, 2011 - 01:01 am - Link - Report abuse 0
  • lsolde

    Poor Marcos, lost without Think.(where is he, btw, hiding deep in some Finnish forest with a coffee pot bubbling away on a pot-belied stove maybe?) but lets be magnanimous in victory.
    Just think, Argentines, if good old Néstor hadn't torn up THAT paper, your country would be getting a share!(rubbing it in while giggling)

    Nov 12th, 2011 - 08:00 am - Link - Report abuse 0
  • BobHodges

    I'm in the MONEY!!!

    It's amazing how much money all this 'no oil' is making me. Thanks to that Drag-Artist CFK's husband tearing up the production sharing agreement, when the no-existent oil starts flowing I'll make even more MONEY!

    Nov 12th, 2011 - 01:36 pm - Link - Report abuse 0
  • Marcos Alejandro

    38 lsolde, A share of what señora? A closed Stanley dairy with dead animals in it or a once a year boooring jump in the cold Surf Bay waters?

    http://www.falklandia.com/Swams/HTML%20Files/Thats%20enough...we%27re%20out%20of%20this!!.htm

    No thanks

    Nov 12th, 2011 - 05:48 pm - Link - Report abuse 0
  • Think

    Only a woman would take a ”pot-bellied stove” on a hike to the woods.

    A sensible, ultralight backpacking man takes his “Bushbuddy”.
    http://www.backpackinglight.com/cgi-bin/backpackinglight/bushbuddy_ultra_wood_stove.html

    .......................and a Nescafé Espresso jar.
    http://www.backpackinglight.com/cgi-bin/backpackinglight/bushbuddy_ultra_wood_stove.html

    Nov 12th, 2011 - 08:41 pm - Link - Report abuse 0
  • lsolde

    @41Think,
    l meant in “a gloomy log cabin, deep in the woods”which l missed out.
    So, of course, it would have its permanent pot-bellied stove.
    Love your depictions of coffee. l was angry with you but if you like coffee that much(and collies)you can't be all bad.

    Nov 12th, 2011 - 09:45 pm - Link - Report abuse 0
  • Think

    Yes;............................................. I like Coffee, Collies and my Country.

    And my Country has the right to preserve its territory against colonial invaders from the other side of Earth.

    And no; ……………….............................................. I’m not “all bad”.

    Nov 14th, 2011 - 06:40 pm - Link - Report abuse 0
  • lsolde

    l couldn't agree more with what you say.
    l, too love my country & my country too, has the right to preserve its territory against colonial invaders from from the other side of Earth(or even indeed from 400kms to the west for example)(or from any direction for that matter).
    l'm sure you're not all bad.

    Nov 15th, 2011 - 04:02 am - Link - Report abuse 0
  • Philippe

    With all due respect HMS Clyde will soon need a twin sister!

    Philippe

    Nov 15th, 2011 - 12:14 pm - Link - Report abuse 0

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