MercoPress. South Atlantic News Agency
Disappointing results from oil drilling to the south of the Falklands
Borders & Southern Petroleum reported on Monday disappointing results in the Falkland Islands from the latest well to be drilled as part of the controversial search for oil in the South Atlantic islands over which Argentina claims sovereignty. Read full article
Comments
Disclaimer & comment rulesCome on Think, we are waiting for your “I told you so.”
Jul 16th, 2012 - 03:36 pm - Link - Report abuse 0...and to hear it's another nail in the coffin of British piracy/common thievery in the South Atlantic....
Jul 16th, 2012 - 03:48 pm - Link - Report abuse 0Come on Think and Marcos? Exploratory drills in new frontier areas dont always come up good at first - that everyone knows! Small companies form- get taken over/partner - or fold,it happens all over the world.And what may actually be 500mtrs deeper if they could drill it?
Jul 16th, 2012 - 03:55 pm - Link - Report abuse 0But the Northern field meanwhile is GO for developments and Flow - or are you denying that?
Well perhaps the porteño pirates/thieves may think that ship is not worth fighting for any more
Jul 16th, 2012 - 04:28 pm - Link - Report abuse 0Think must be shivering in the cold wondering why The Falklands can get a u$1BILLION investment commitment and Arg?YPF is getting laughed at in Houston.
Jul 16th, 2012 - 05:04 pm - Link - Report abuse 0It is baffling isn't it?
hahahha...houston.
This proves how dangerous drilling can be and what a first rate team they have down there. This drill has again demonstrated hydrocarbons in the SFB. This was high risk high reward drill that failed.
Jul 16th, 2012 - 05:28 pm - Link - Report abuse 010 weeks until Darwin results and the massssssssiiiiivvvveee lolgio drill for FOGL next. This upcoming drill is going for one of the biggest single exploratory targets in the world.
High risk but high reward if you have the balls for it!
Apparently a false report,
Jul 16th, 2012 - 05:43 pm - Link - Report abuse 0And the turnip hunter, is awaiting his chance to pick ..
.
I find offshore o/g fascinating, in the windy cold dangerous waters of the South Atlantic they are drilling 2 miles under the ocean floor! It is an amazing bit of technology and takes lots guts to be on that rig.
Jul 16th, 2012 - 05:50 pm - Link - Report abuse 0These vainly drilling is seems like the AMERICAN DREAM !
Jul 16th, 2012 - 06:22 pm - Link - Report abuse 0time to wake up instead of living in dreams.
@9
Jul 16th, 2012 - 06:34 pm - Link - Report abuse 0Why should you care enough to comment if you think it's just a dream? If there's no oil (forgetting about the Sealion field for a minute ;-)) then we're just embarassing ourselves which shouldn't be any skin of your nose.
Truth is the oil exploration is going just fine and we're doing just fine out of it. I reckon we'll just keep on drilling and see what else we find.
10
Jul 16th, 2012 - 06:41 pm - Link - Report abuse 0Truth is the drilling is going fine....! What for ? catching deep sea lobsters ?
dont deceive yourself in vain.
Yeah Westy. Don't decieve yourself in vain you squatting pirate poopypants. Now go away or I shall taunt you a second time! USURPER!!!!!!
Jul 16th, 2012 - 07:44 pm - Link - Report abuse 0TWIMC
Jul 16th, 2012 - 08:07 pm - Link - Report abuse 0Think is HAPPY.....… :-)))
This ”MISSISSIPPI BUBBLE” is finally bursting.
The ”DUST” hasn’t even begin to settle.
And the ”CITY” is already talking badly about the F**klands Oil Adventure.
BOR down 71.08% to 18 pennies
RKH down 12.56% to 222.75 pennies
FOGL down 7.83% to 79.50 pennies
Chuckle chuckle©
I don't know about a Missasippi Bubbble but how about a Malvinas Bubble?
Jul 16th, 2012 - 08:50 pm - Link - Report abuse 0Malvinas Bubble: a fanciful scheme in the 21st century in Argentina that triggered a speculative frenzy and ended in political collapse.
Joe is HAPPY .....:-)))
Chuckle chuckle.
Amazing
Jul 16th, 2012 - 09:47 pm - Link - Report abuse 0These who jump the gun,,
Never seem to get there before the bullet,
Just wait and see,
Besides,
where’s the argentine oil ,
Oh, still in the ground then.
Oh yes .lol.
@1 And that he did not say anything about another nail ...
Jul 16th, 2012 - 09:49 pm - Link - Report abuse 0Think,
Jul 17th, 2012 - 12:50 am - Link - Report abuse 0Not eyou did not memtion “Duster” - wel it was not was it? OK they did not strike the good stuff(gas condensate or oil)- but they found some - but could not get to target depth to see if there was sufficient.
So yes a dissapointemnt - hence the share crash as BoR dont have funds anyway for another dril - but - as yet the results from 1st drill are still being evaluated - if good that could yet lead to someone buying them out and making another drill in the area later on - who knows - I dont - and neither do you!
Now we wait and see what FOGL find or not over the next few months - they have 2 to drill - possibly 3.
BUT - What we do know know is that the Northern Basin IS going to go ahead and come to production.
Remember - all this started 2yrs 4 months ago - and was expected to last just 6 months!
And here we are today - with another 3-6 months plus still to go!- and then starting all over again in 18months or so time!
Considering all the jumping up and down in Buenos Aires over the time that has achieved virtually zero effect, I,d say things are progressing pretty good here.
@17 Go for it mate. Not all sudacans are malvinistas.You have a perfect right to decide YOUR future as do the citizens of the Isle of Man or Jersey which are associates of the UK
Jul 17th, 2012 - 01:15 am - Link - Report abuse 0TWIMC (think)
Jul 17th, 2012 - 01:44 am - Link - Report abuse 0You were just as happy about the dud appraisal well on Sealion at the time...
Bloody hell! 71% down? :-)))
Jul 17th, 2012 - 04:17 am - Link - Report abuse 0Keep up the optimism!
You bloody need it!
It took years to explore and develop the North sea fields, and conditions in the south atlantic are far more extreme.
Jul 17th, 2012 - 06:01 am - Link - Report abuse 0I'm not surprised that it is a bit of a roller-coaster ride. It will take time to fully explore the area.
@13 Always worth remembering that, in 1982, argieland thought it was on for a “walkover”. Didn't quite work out that way, did it? Because WE Brits are at least ten times better at everything WE do than YOU argies. Doesn't matter whether it's fighting or working, anything YOU can do WE can do better. WE can also do things YOU can't. Just watch.
Jul 17th, 2012 - 12:34 pm - Link - Report abuse 0By the way, all the wells are being fitted for remote destruction. All the seabed fittings can be destroyed enabling that lovely, sticky black stuff to flood out and float toward LatAm. Are you going to take your bucket and spade down to the seaside? Want some oil? It's the only way you're going to get any.
(2) Doveoverdover
Jul 17th, 2012 - 04:04 pm - Link - Report abuse 0This one is not a nail………., is an 11 inches spike.
Anyhow, I want to thank you once again for your kind and generous investment of 50£ on my behalf on BOR shares..........
It allowed this old man to experience the adrenaline kick of losing everything on the stock market!
Hope it was not one of those new investment schemes where you can end losing more than your original investment.
The dogs and I would be quite sad if our shed got repossessed by a British Hedge Fond…
(14) Joe Bloggs
Well…….. Now you know about the ”Mississippi Bubble”, don’t you…..?
I can read that you have consulted the Encyclopedia Britannica on the matter…….
You seem to have “quite a problem” with the plagiarizing of other people’s material, lad…
Chuckle chuckle©
(17) Islander1
You say:
”Think, not eyou did not memtion “Duster” - wel it was not was it?”
I say:
Been celebrating BOR’s magnificent results at the Pub, lad?
19 WestisBest
You say:
”You were just as happy about the dud appraisal well on Sealion at the time...”
I say:
I don’t recall being ”happy” about any dud appraisal well on Sealion at the time...…
But I do remember having called Sealion a dud.
I did then………, I do today…………
Sealion is a DUD……
TWIMC
And the SEA of RED continues……:
BOR down 11.11% to 16.00 pennies
RKH down 11.56% to 197.00 pennies
FOGL down 5.66% to 75.00 pennies
Investor rumors
Jul 18th, 2012 - 03:28 am - Link - Report abuse 0“Investors are planning to invade the islands and demand their money back”
@24
Jul 18th, 2012 - 11:50 am - Link - Report abuse 0I doubt it. They would know the risks before investing. The Islanders at least understand the principles of attracting investors whilst the Argentinians don't.
That's why the Argentine economy is heading down the gurgler.
TWIMC
Jul 18th, 2012 - 05:02 pm - Link - Report abuse 0And the bleeding in the South continues……:
BOR down 4.69% to 15.25 pennies
FOGL down 6.67% to 70.00 pennies
And the oil exploration in the south continues....
Jul 18th, 2012 - 07:01 pm - Link - Report abuse 0To be continued... my god, that intransigence!
Jul 19th, 2012 - 12:52 am - Link - Report abuse 0@23 I never invest money that the dogs and I can't afford to lose, although it's fair to say that Mrs McDoD is not very impressed with me at the moment. On the other hand there's still the result of the Darwin test to come and hope springs eternal. Good post, by the way, well up to your usual standard.
Jul 19th, 2012 - 06:00 am - Link - Report abuse 0Offshore drilling is a long game. Dry wells are frequent, bottom line is they ain't giving up because they have the information that justifies the drilling in the first place.
Jul 19th, 2012 - 07:15 am - Link - Report abuse 030 “Offshore drilling is a long game”
Jul 20th, 2012 - 04:07 am - Link - Report abuse 0Losing money is not.
RH down again! 198.38 -4.00 (-1.98%)
@31 Infrastructure isn't a long game though; its preparatory. I'm watching Falkland Island Holdings for the true barometer of the way things are going.
Jul 20th, 2012 - 10:05 am - Link - Report abuse 0Please support this page - Falkland Islands Desire The Right - dedicated to Falkland Islands current affairs, keeping the islands free and poking fun at the lunacy of the Argentine government and their various claims and winding up their Internet trolls -
Jul 20th, 2012 - 05:08 pm - Link - Report abuse 0https://www.facebook.com/Britain1592
(29) Cmd. McDod
Jul 21st, 2012 - 10:00 am - Link - Report abuse 0Thanks for the polite “Harrovian Cap”.
Stet Fortuna Domus
31 Marcos Alejandro (#)
Jul 21st, 2012 - 12:14 pm - Link - Report abuse 0I love it when an Argentinian tells me losing money is not a long game..........doh!
@34 You're welcome. I would have touched my forelock but it receded years ago. Donorum Dei Dispensatio Fidelis would have been more appropriate in the circumstances.
Jul 22nd, 2012 - 08:06 am - Link - Report abuse 0(36) Cmd. McDod
Jul 22nd, 2012 - 09:39 am - Link - Report abuse 0I'm pretty sure that, under the current financial circumstances, Mrs McDod would agree with my chosen Latin citation…..
@37 I've asked her and you are indeed right but then she never was one for seeing the bigger picture.
Jul 22nd, 2012 - 09:58 am - Link - Report abuse 0Commenting for this story is now closed.
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