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Falkland Oil and Gas in farmout agreement involving license areas and cash

Tuesday, March 20th 2012 - 17:21 UTC
Full article 17 comments

The exploration company Falkland Oil and Gas Ltd. (FOGL) has entered a farmout agreement with an unnamed party for its licenses south and east of the Falkland Islands. Read full article

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  • The Falklands are British

    Look out for KFC.

    Chuckle chuckle

    Mar 20th, 2012 - 05:30 pm - Link - Report abuse 0
  • rebeldenacion

    This is how Cristina Kirchner of Argentina and her cronies get votes:
    www.youtube.com/watch?v=UyPC0SD0PGw

    Mar 20th, 2012 - 05:30 pm - Link - Report abuse 0
  • Idlehands

    It doesn't directly state it but is this a financial mechanism whereby investors can remain anonymous throughout their investment?

    Wonder why they'd do that.......

    Mar 20th, 2012 - 06:23 pm - Link - Report abuse 0
  • The Cestrian

    LOL.

    Mar 20th, 2012 - 06:24 pm - Link - Report abuse 0
  • dreyfuss

    3 Idlehands (#)
    because its a hedge fund with the right political connections - we live in a corporate society now, remember?

    british government finally admit they made another balls-up with the new aircraft carriers. Carriers wont be retrofitted with cats now and the MOD will be buying the VSTL F35b......like I predicted 3 months ago hehe.
    By the way, the USAF simply love their new Harriers (which they got for peanuts from britain) so much they are doing a re-design to make one supersonic as a feasibilty trial.
    No wonder Sandy Woodward is bright red in the face after being told the good news hehe

    Mar 20th, 2012 - 07:13 pm - Link - Report abuse 0
  • stick up your junta

    @ 5

    Hows the sopwith pups doing in the argie top gun airforce?

    Mar 20th, 2012 - 07:24 pm - Link - Report abuse 0
  • Pugol-H

    Gives the invester a couple of months to completely divest of all assets ect in Argentina.

    Mar 20th, 2012 - 07:24 pm - Link - Report abuse 0
  • Xect

    Ah Doofuss, nice to see you again.

    Procurement decisions are very complex and often don't go to plan but you'd not understand that with Argentina's rather pathetic budget. The UK spends over 21 times as much each year on defense.

    However the good news is the F35B looks a awesome bit of technology!

    As for the Harriers the USAF are welcome to those museum pieces!

    Mar 20th, 2012 - 07:26 pm - Link - Report abuse 0
  • GreekYoghurt

    @8 You're right. The harrier served it's time and I'm glad they found a nice home in the USA.

    F35Bs look nice. Fly them around the South Atlantic a bit staring at Argies.

    Mar 20th, 2012 - 07:31 pm - Link - Report abuse 0
  • dreyfuss

    US politicians say F35 is too expensive, has too many design flaws and should be scrapped motivating USAF to reduce the number they orginally wanted
    http://www.navytimes.com/news/2012/02/ap-senators-question-pentagon-decision-on-f35b-020612/

    US navy forgets F35 and buys more super-hornets as operational date for f35 is pushed back to 2018.
    http://www.navytimes.com/news/2012/02/ap-senators-question-pentagon-decision-on-f35b-020612/

    US marines dont want f35 as they are happier with their new fleet of harriers...which they got cheap chuckle chuckle
    http://www.navytimes.com/news/2012/02/ap-senators-question-pentagon-decision-on-f35b-020612/

    Mar 20th, 2012 - 08:27 pm - Link - Report abuse 0
  • Conqueror

    @5 No final decision yet, prick. Trouble is you can't read!

    @8 No the F-35B is not “awesome” technology. It's basic cobbled-together crap.

    @9 The F-35B is crap. Only good for temporary use by a MEF (Marine Expeditionary Force). The RN should have the F-35C. Or, preferably, a navalised version of the Eurofighter Typhoon. How about the Eurofighter Vortex?

    Mar 20th, 2012 - 08:36 pm - Link - Report abuse 0
  • Steve-32-uk

    Falklands 30 years on: oil dream could end days of squid and subsidy

    http://www.guardian.co.uk/uk/2012/mar/20/falkland-islands-30-years-on-thatcher

    Mar 20th, 2012 - 08:43 pm - Link - Report abuse 0
  • GreekYoghurt

    Other than the fact that manned planes are so old hat, I still don't know why we didn't design and build our own stealth fighter.

    We don't seem to be doing much of the design and build of these sorts of things these days. Better to just make your own like the French do, even if it is a little less good.

    Mar 20th, 2012 - 08:51 pm - Link - Report abuse 0
  • Xect

    Ah Dreyfuss, more conjecture, we know the program has been delayed and to be honest this is (shockingly) absolutely normal for a advanced fighter program, in fact I can't think of one that has either been on-time or on-budget.

    Greek, I think you maybe correct, British engineering is truly superb but overall it should cost more to build and design your own.

    The Type 45, Challenger 2, Typhoon, Astute class, Starstreak are all great bits of kit that have for the most part been designed by the UK.

    Although the military is smaller than it was the kit we have is truly superb.

    Mar 20th, 2012 - 09:50 pm - Link - Report abuse 0
  • GreekYoghurt

    @14 Costs more up-front if you design & build it yourself, but it costs less to maintain and update the kit once it's rolled out.

    The issue is the lack of engineers in the UK, and the fact they're paid £0.3 per hour, so they all go to live in Germany.

    Mar 20th, 2012 - 10:17 pm - Link - Report abuse 0
  • Anti-Fascist

    Amnesty - Argentina's 10% Amerindian population subject to racist violence, discrimination and imprisonment in THEIR OWN LAND - http://laht.com/article.asp?articleid=355829&categoryid=14093

    Mar 22nd, 2012 - 02:10 pm - Link - Report abuse 0
  • Filippo

    this is my cousin Adolfo in London making fun of your stupido english army

    http://www.youtube.com/watch?v=xDPK1kPWj1E

    Mar 23rd, 2012 - 03:21 pm - Link - Report abuse 0

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