MercoPress. South Atlantic News Agency
Gas condensate discovered in Falklands South basin in first well drilled by B&SP
Borders & Southern Petroleum Plc energy explorer operating in the Falkland Islands announced on Monday the discovery of gas condensate in the first well drilled to a depth of 4.867 meters. Read full article
Comments
Disclaimer & comment rulesCue Think, time for yet another of your 'nail in the coffin' posts I reckon.
Apr 23rd, 2012 - 09:56 am - Link - Report abuse 0The news just gets better and better.
Apr 23rd, 2012 - 10:13 am - Link - Report abuse 0On a free carry so topping up on the news dip. Condensate is very valuable stuff and this find is huge. The source rock is also oil prolific so i expect that oil will have been cooked and migrated to another location nearby.
Apr 23rd, 2012 - 10:22 am - Link - Report abuse 0Great geological result on a first drill. Proven hydrocarbon generation in the SFB.
1 WestisBest
Apr 23rd, 2012 - 11:47 am - Link - Report abuse 0You know what? I think you are right. Give it another hour or so and there will be a torrent of e-mails calling us “Pirates” and “Theives” and all that whining and moaning about how this find actaully belongs to Argentina, or some such rubbish.
I can see it now, on the back of this little find then comes an ill thought out and even more poorly executed “Cease and desist” order from KFC and her cronies........... Ahhhhh, happy days!! I can't wait for the response to this little find. It will provide no end of sh*ts and giggles!!!
P.S:- Great news for the Falklands Islanders, great news....... Nice one guys!!!
Turn my cooker up to gas mark 4!
Apr 23rd, 2012 - 11:49 am - Link - Report abuse 0Could the Falklands have more gas than Argentina I wonder. Interesting times ahead!
@5 But not before Think tells us just how deluded we all are in assessing this as any sort of good news (too little, wrong stuff, too expensive to extract, share price fall tells real story etc, etc).
Apr 23rd, 2012 - 11:52 am - Link - Report abuse 0@6 It's positive and good news though ideally I'd like us to lick the carbon capture problem too.
Apr 23rd, 2012 - 12:09 pm - Link - Report abuse 0With the energy production problems in Argentina I wonder if they'll have to start importing Falkland hydrocarbons to keep the lights on?
Apr 23rd, 2012 - 12:14 pm - Link - Report abuse 0If so I'd demand C.O.D. or even prepayments.
Just for our argie pals
Apr 23rd, 2012 - 12:28 pm - Link - Report abuse 0Pirates in the money :-)))))
http://www.youtube.com/watch?v=0iqwx9i704g
No oil ...Huge Gas...?
Apr 23rd, 2012 - 01:33 pm - Link - Report abuse 0then ,the name of these frigid islands should be converted to the
“” IntestinalGasland“” !
If there so frigid, why the hell our you making so much noise about gaining sovereigny of them? Leave them alone to enjoy their rich culture, which by the way is getting richer by the minute, if this news is anything to go by. Somebody up there must love them.
Apr 23rd, 2012 - 01:41 pm - Link - Report abuse 010 Max
Apr 23rd, 2012 - 02:15 pm - Link - Report abuse 0Go back to what you are good at... and that is:-
Stealing companies from your former Allies,
Whining on about how the Falkands should really be yours
and moaning on about the unfairness of the world in general
so yes, please go away and leave the Falkland Islanders alone. Come back when you've actually got something to say / or when you've grown up, which ever comes first.
Lots of Love
the U.K
167 Joe Bloggs (#)
Apr 23rd, 2012 - 02:41 pm - Link - Report abuse 0Apr 22nd, 2012 - 09:23 pm
“ So big oil has now been struck to the south as well. Should be official soon”
http://en.mercopress.com/2012/04/21/fitch-warns-argentina-on-growing-diplomatic-isolation-and-investment-shortages
The Sun
“Brit oil strike”
http://en.mercopress.com/2012/04/21/fitch-warns-argentina-on-growing-diplomatic-isolation-and-investment-shortages
Joeee, Yep its official alright :-)))
Borders & Thieves update
90.25 -36.75 (-28.05%)
Gas condensate!!?
Apr 23rd, 2012 - 02:46 pm - Link - Report abuse 0Nothing to get excited about - Thunk, the supercilious Argentine prick, is full of that.
(6) Cmd McDod
Apr 23rd, 2012 - 04:02 pm - Link - Report abuse 0You write:
”But not before Think tells us just how deluded we all are in assessing this as any sort of good news (too little, wrong stuff, too expensive to extract, share price fall tells real story etc, etc.)”
I say:
Almost right…… you would make an excellent Sherpa.
Too Little…:
Well…. We don’t know yet but… it doesn’t really matter because it is the...
Wrong Stuff…:
Absolutely.....; just GAAAAAAS (Do you remember, by any chance, DES’s ”Giant Gas Discovery” some 2 years ago....? At that time I called it right about DES…., that’s why Mr. Beef dislikes me so much.)
Too expensive to extract…:
You said it…! Too deep…, too cold…, too wet…, too too, Desmond :-)
Share price fall tells the “Real Story”…:
Bullseye again… A -32.% fall on a 40,000,000 £ volume !!!
Tomorrow will be another (good) day for the SP………….
Don’t you “Think”
Think - Another groundbreaking insight. You should play the stockmarket with your knowledge. Your constantly wrong on all issues and just spout RG troll nonsense. As the great Maggie Thatcher said
Apr 23rd, 2012 - 05:54 pm - Link - Report abuse 0'' Just rejoice at the news''
http://www.scotsman.com/news/international/significant-gas-find-discovered-near-falkland-islands-1-2251058
And let the games begin!
Apr 23rd, 2012 - 06:15 pm - Link - Report abuse 0For some of our unenlightened posters. The Sun. A famous English broadsheet. Famous for big breasted women on page three and revealing which footballer is shagging which footballers wife.
Apr 23rd, 2012 - 06:20 pm - Link - Report abuse 018 And making the wrong call ....“Brit oil strike”
Apr 23rd, 2012 - 06:23 pm - Link - Report abuse 0:-))
The boy is either confused or still clutching at straws that are so far out of reach now it isn't possible to even see them.
Apr 23rd, 2012 - 06:27 pm - Link - Report abuse 0Which is it that you Malvinistas would prefer?
1. The Falklands has no oil and gas or,
2. the Malvinas has YOUR oil and gas and the UK is stealing it?
18 reality
I'm not a big Sun reader myself. How about the Scotsman? Is that trash also?
Massive potential for the Falkland Islands, gas, oil, fishing, tourism, wealth, superb schools and a wonderful friendly British derived population. They are British. No good even trying to ask what Nation they would prefer to be associated with, its a no brainer. Don't cry for me Argentina, we don't need you and never will, la la la. Ha ha ha, can't wait to see all the bleating about this. I hate Monday's, but, this news has made my day.
Apr 23rd, 2012 - 06:31 pm - Link - Report abuse 0@20 Joe Bloggs. I like the Sun. They never let the truth get in the way of a good story. Remind you of anyone?
Apr 23rd, 2012 - 06:39 pm - Link - Report abuse 0London Evening Standard
Apr 23rd, 2012 - 07:18 pm - Link - Report abuse 0“Investors jump ship after Borders finds Falkland gas, not oil”
http://www.thisislondon.co.uk/business/business-news/market-round-up-investors-jump-ship-after-borders-finds-falkland-gas-not-oil-7670147.html
@23
Apr 23rd, 2012 - 07:25 pm - Link - Report abuse 0Just read it. Selective quotations again. The rest of the article went on to say that there was still support in the square mile (the City) that the news was good and as yet the discovery had not been valued. If your going to post it post it all.
| 12 |
Apr 23rd, 2012 - 07:29 pm - Link - Report abuse 0I am not from Argentina.....I am not from Argentina.....I am not from Argentina......I am not from Argentina.....I am not from Argentina...I am not from Argentina.....I am not from Argentina.....I am not from Argentina....I am not from Argentina.....I am not from Argentina....
but..we are stand by to acquire these frigid islans to configure for our targets as a step base...
then...Who are we ?
We are POW for Galaxy Civilization ( in english saying)
We are in the world to search the ancient civilizations' culture and techs.
What is POW ... is [ Pluton Ordinance Warriors ]
in our original language saying we are TOL ( Tuhanlo Ohr Laht ).!
Tuhanlo Ohr Laht relke maht refke tarne.
Sounds like Klingon to me.
Apr 23rd, 2012 - 07:37 pm - Link - Report abuse 0Mad Max
Apr 23rd, 2012 - 07:40 pm - Link - Report abuse 0Beyond the Wonderdome
@25 Max
Apr 23rd, 2012 - 07:43 pm - Link - Report abuse 0Better hurry if you want to get back to Pluton before the StarGate closes.
YPF appropriation.
Apr 23rd, 2012 - 07:45 pm - Link - Report abuse 0May the farce be with you.
26 and 28
Apr 23rd, 2012 - 07:45 pm - Link - Report abuse 0LOL!
Is Mad Max really just one of the usual suspects with a new account name? I think it's Flippo. Or come to think of it, where's Dreyfoss these days?
| 28 |
Apr 23rd, 2012 - 07:48 pm - Link - Report abuse 0First ...I should test the Maya Civilization's divination...!
@ 31 Max
Apr 23rd, 2012 - 08:15 pm - Link - Report abuse 0Long and boring, cut to the chase Stonehenge, that’s where we are storing the cosmic energy we are going to blast Argentina with (Probably shouldn’t have told you that oops, sorry Conqueror).
Although at this rate it’s going to be unnecessary.
Max.
Apr 23rd, 2012 - 08:21 pm - Link - Report abuse 0I always find a Vulcan mind meld works wonders.
| 32 |
Apr 23rd, 2012 - 08:29 pm - Link - Report abuse 0We cant allow you to acquire the country called Argentina...
----- - ---- - ----- - -----
| 33 |
Vulcan ? ...it is a kind of a God ?
You dont need any God(s) where we are in....
Max
Apr 23rd, 2012 - 08:43 pm - Link - Report abuse 0Last one.
I think that CFK may actually be a Ferengi.
She seems to be using their rules of acquisition to run her economy.
25, 31, 34
Apr 23rd, 2012 - 08:56 pm - Link - Report abuse 0Ambassador Aguello? Is that you?
well well well....no well
Apr 23rd, 2012 - 09:09 pm - Link - Report abuse 0Would that be as in, oils well?
Apr 23rd, 2012 - 09:12 pm - Link - Report abuse 0Think- who said it was a good oil find? Well excluding the Sun and you dissapoint me if you take that paper seriously! OK Marcos yes I accept that the Sun is actually on your level.
Apr 23rd, 2012 - 09:32 pm - Link - Report abuse 0I am no expert but Common Sense and reality tells me:
First Drill in a totally new field area comes up with gas(apparently of reasonable quality so far) and evidence of oil.
Now - that is pretty good going for a first hole looking at historical averages!
It says they are in the right area - recheck the geology they have, interpret the drill results and what it tells the experts - and plan where to drill next.
Whilst this is going on they will drill their 2nd well - again in another new area.
Then FOGL get the rig for 2 drills.
Now, not sure of the rig contract time but by then we are looking at spring/summer late 2012 anyway - 2 options - either if you can raise the cash - drill more test wells nearby.
Or if rig going off anyway, plan with time and recontract another rig in a year or so depending on what the other 3 wells find.
GAS - It is also HIGH VALUE today! Just depends on how much there is and the quality - if sums add up - it will be extracted and piped to the Islands for treating and export to the market - and NOTHING Arg can do about it.
With both Oil and Gas - it is a case of economics - do the sums add up - not politics. Exactly the same as with any other Industry - just that in this one I think there are more 0,s in the figures!
oh dear,
Apr 23rd, 2012 - 09:59 pm - Link - Report abuse 0how we brits must be a very itchy sticky prickly pain in CFK side lol.
39 Islander1 “it will be extracted and piped to the Islands for treating and export to the market”
Apr 23rd, 2012 - 10:00 pm - Link - Report abuse 0No infrastructure and no local market unless every sheep in Malvinas start driving around in Land Rovers.
They found gas, not billions of barrels of oil, lol. Desire all over again, of course someone has made a fortune dealing shares.
@39 Islander1. You could be scooping it off the surface with buckets and they would still not believe you. Politics of envy.
Apr 23rd, 2012 - 10:05 pm - Link - Report abuse 0@41 You build the infrastructure with investment, know what that is. It's something you are going to find very hard to find, when you try to extract your shale oil
No infrastructure
Apr 23rd, 2012 - 10:06 pm - Link - Report abuse 0but soon will be, when they build it,
no local market
the world will be their oyster
the future looks bright, unless ?
ya never know .
No local market. I do not think he grasps the fact that oil is a global market. It's not. will you sell it to us, it's how much will you sell us. Your right, the worlds their oyster, pearls and all.
Apr 23rd, 2012 - 10:18 pm - Link - Report abuse 0Does Argentina actually have any oil of there own,
Apr 23rd, 2012 - 10:26 pm - Link - Report abuse 0Or is it all in the ground and no one can afford to extract it .
Just a thought.
.
42
Apr 23rd, 2012 - 10:26 pm - Link - Report abuse 0To keep you up to date, Is scheduled a meeting with executives from ConocoPhillips, Chevron, Exxon, in Buenos Aires this week, next week Talisman(Canada), last week was Total.
Then of course there was Repsol, but I do not suppose they have factored that into their decision making process.
Apr 23rd, 2012 - 10:29 pm - Link - Report abuse 0(39) Islander1
Apr 23rd, 2012 - 10:47 pm - Link - Report abuse 0But.... You already have a lot of gas,... remember?
Desire's “HUGE” gas discovery 2 years ago,... remember?
They announced it profusely at the time,…………. remember?
They even send a lot of samples to England for analysis,…. Remember?
Why don't you ask Lewis Clifton at the pub, what happened with those samples and with all that GAAAAAS......
41 Marcos- My understanding is that gas cannot go direct from the well to the tankers - it has to be treated/purified or whatever first - that is why it would need to be piped ashore here first. That would be COSTLY due to depth and distance(politics are irrelevant) and only a large and quality find would be worth it. Whate B&S have they do not yet know, and nor do we.
Apr 24th, 2012 - 02:09 am - Link - Report abuse 0Think- those were the early “heady” days of silly hype and rumours - and losts of burnt fingers - serves them right! Desire and others have learnt since then- but the whole thing at that time was media-led so they were between a rock and a hard place over what and when to announce. LIZ has gas indeed - but nowhere near enough to be worth extracting - end of story for now.
It,s all IF just now! Lets calmly wait and see - it may be the start of a big gas find- it may not - or it may lead onto an oil find from the extra geological knowledge gained.
We dont kno - neither I nor you nor them
(49) Islander1
Apr 24th, 2012 - 04:17 am - Link - Report abuse 0You are almost as good as an Argentinean making excuses,............. but just almost....
“......... the whole thing at that time was media-led so they were between a rock and a hard place over what and when to announce.”,.... You say!
Media led?..... Huhhhh
All the “Media's” fault now?....Is it?
I thought you Kelpers had Control over the Media....:
”Several overseas media outlets will be present but they will be controlled so that the sensitivities of the commemorations on the 14th of June 2012 may be respected.”
http://www.falklandnews.com/public/story.cfm?get=6220&source=3
@50 For the amount of baggage you are evidently carrying you need a Transit not a Sherpa. Still, your £50 in B&S at 88.23p a share is in the ring, should you ever change your mind about sharing hydrocarbon wealth in the South Atlantic. No worry, there's plenty to go round if you'd care to negotiate. As it is, the wife says thanks for the flowers (it's the thought that counts) and I've had a couple of pints (at ambient temperature) and the grandchild some sweeties too. And we both had a good night's sleep as usual.
Apr 24th, 2012 - 06:59 am - Link - Report abuse 050 Think
Apr 24th, 2012 - 07:00 am - Link - Report abuse 0Media control??? oh no, that only happens in Argentina. Where the people are only told what the president Wants them to know. Here, in the real world, we have a free press which can report on anything it likes, and is not just a mouth piece for the government
It's called “Freedom of the press” just in case you didn't know. Now, go back to your turnips.
@50 you plonker. Your Argentinian meaning of the word “controlled” and everyone elses “controlled” have a different meaning. Yours means WHAT they broadcast theirs means HOW they broadcast. Example, camera men hassling relatives of the war dead at what is a private and personal time. Simple is'nt it, but I somehow think you will not grasp it, does not suit your agenda.
Apr 24th, 2012 - 08:18 am - Link - Report abuse 0Argentina is FINISHED jajajajajajaja
Apr 24th, 2012 - 08:26 am - Link - Report abuse 0“Think” l'll just pop my order into Stuttgart now.
Apr 24th, 2012 - 08:38 am - Link - Report abuse 0Pearl grey with dark brown leather seats.
l'll be thinking about you, Marcos & Think when out driving.♥
50 - No media control - free press in the UK, keeps the governments on there feet as they cannot hide fact eg economic fact and figures like in RG land. Most dictators control the press and so does the botox queen.
Apr 24th, 2012 - 11:43 am - Link - Report abuse 0I don;t want to sound daft but can some one answer these questions for me please as I don't quite understand.
Apr 24th, 2012 - 02:21 pm - Link - Report abuse 0So far what has been found around the Falklands? Gas? Oil?and how much?
How much are these resourse worth?
How viable is it to get to them? and to what cost?
What does this article actually mean?
I'm slowly trying to grips with this. I mean slowly as well.
So please can someone give me some thing easier to understand to give ma a better insight on the subject.
(55) Cher Isolde
Apr 24th, 2012 - 04:36 pm - Link - Report abuse 0Yet another proof that you are not even close to ever become anything that resembles a Kelper….
A Merc in Malvinas !!!
Tsk...tsk...
How “Nouveau Riche”
Besides….:
Driving out?
Where too?
:-)))
(57) Bombardier Spoon (funny nick!)
All depends on whom do you ask…...........
If you ask the Kelpers or some of the eager investors in here, they’ll say that the confirmed value of the Oil already found is about 42 fantasyllion £…..
The Oil will be flowing directly into Supertankers in a couple of weeks, only unresolved problem being the filtering of all those bothersome small diamonds present in the oil.
If you should ask me, on the other hand……
Basically I “Think” that the whole story is kind of a hoax.
Rockhopper Exploration drilled a hole a few meters west from the position where Royal Dutch Shell found some un-commercial Oil in 1998…..
http://www.rockhopperexploration.co.uk/exploration/falklands_oil_cube.php
And of course, they found the same Oil….. again.
From there you have the company’s “Word” on a “Great Discovery” and a lot of media hype……
Let’s wait and see who is right.
I bet you cant wait though , every discover hurts the RG's
Apr 24th, 2012 - 05:27 pm - Link - Report abuse 0Back in the UK nobody gives a stuff if there is oil or not. its the falklanders we will not make any significant money out of it in the UK. The best thing about the discoveries are seeing the RG's crying and looking on in envy. Just 'think' if uncle nestor had not torn up the joint agreement you could of shared in the oil.
So yes we will wait and see, but a majority of UK and i would say the falklanders dont really care one way or the other. If we have oil then brilliant a bonus, but if not we still have a stable fishing industry and cruise line market in the FI. Stop slavering RG's and develop your own huge natural reserves.
(51) Cmd McDod
Apr 24th, 2012 - 06:06 pm - Link - Report abuse 0You say:
............... “Your £50 in B&S at 88.23p a share is in the ring, should you ever change your mind about sharing hydrocarbon wealth in the South Atlantic......”
I say:
How very generous of you investing 50£ on my name in South Atlantic Oil Shares... My gratefulness and appreciation knows no limits......
Now...... get your finger out of the gas chamber and reinvest my money in some decent YPF shares.
And make it PRONTO!
You already lost me 8.66% of my hard earned monies in just 24 hours ,lad.......:-)
@58Think,
Apr 24th, 2012 - 09:05 pm - Link - Report abuse 0Have to make le grand entrance when invited to dine at the officer's mess, doncha know my dear, dear Think.
A shiny new Mercedes will do quite admirably.
But of course we'll have a couple of Landrovers too.
Wouldn't want to stick out too much, besides l like the trusty Landrover!
P.S. l'm not really nouveau riche, l have considerable wealth already!
not that l'd ever try to boast of course! :-))))))))))
Think, No we dont control media- we leave that to other nations! I suspect the control talked about for June 14th may be aimed at any from your side who may come over to try and twist the events, or maybe any UK tabloids who come to “glorify” war - they may end up excluded from some events if they dont show respect - to the fallen of BOTH sides. 14th June we commemorate and remember the price paid for our liberation. Later in the day in a pub or two we celebrate our liberation and what it has brought us - but at a high price we never forget.
Apr 24th, 2012 - 09:17 pm - Link - Report abuse 0Oil- yes there was indeed a load of media hype when drilling first started - we both know that, and people got fingers burnt and a company or two made rushed statements - and ended up a bit redfaced sometimes.
Nowadays it is a lot more factual. As for what it will all turn into - I think we both agree - the jury is still out and more drilling to be done.
RKH have a commercial oil find - as yet to be determined by other potential investors if it is worth extracting on its own - or needs another find somewhere(maybe we will have the answer to this one before the end of 2012?). Desire found Gas and Oil but neither commercial.
B&S have found better quality gas and shows of oil - but no idea yet if gas would be commercial on its own - a long way to go.- and 3 more holes to drill for a start.
(62) Islander1
Apr 24th, 2012 - 09:40 pm - Link - Report abuse 0In short.........:
You don't control the Media......Except...........:
1) The media from the opposite side that doesn't comply with your particular idea of right or wrong.....
2) The media from your own side that doesn't comply with your particular idea of right or wrong.....
Brainwash anybody?
@60 We'll wait till the results come back from the lab before cashing in your chips. Sleep well, if you can. I will.
Apr 24th, 2012 - 09:45 pm - Link - Report abuse 061 Isolde
Apr 25th, 2012 - 04:48 am - Link - Report abuse 0You say:
“Have to make le grand entrance when invited to dine at the officer's mess, doncha know my dear, dear Think.
A shiny new Mercedes will do quite admirably.”
I say:
Ahhhhh.......
I do understand now.
A shiny new Mercedes to drive out and “mess with the officers”.
Make sure you order a “Sonderklasse”, they got the largest back seats ;-)
@65 Think,
Apr 25th, 2012 - 07:33 am - Link - Report abuse 0Ah, Cher Think. Mind in the gutter again :-))
Might be a good idea of yours though, Think.
Plenty of room for the kids & their friends.
This is great news for all of the free world...
Apr 25th, 2012 - 08:00 pm - Link - Report abuse 0A world without curbs on the press, retricted trade barriers and nationalization.
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