MercoPress, en Español

Montevideo, December 4th 2022 - 05:17 UTC



Disappointing results from oil drilling to the south of the Falklands

Monday, July 16th 2012 - 15:09 UTC
Full article 38 comments

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


Disclaimer & comment rules
  • Simon68

    Come on Think, we are waiting for your “I told you so.”

    Jul 16th, 2012 - 03:36 pm - Link - Report abuse 0
  • Doveoverdover

    ...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 0
  • Islander1

    Come 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?
    But the Northern field meanwhile is GO for developments and Flow - or are you denying that?

    Jul 16th, 2012 - 03:55 pm - Link - Report abuse 0
  • redpoll

    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 0
  • yankeeboy

    Think 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.
    It is baffling isn't it?

    Jul 16th, 2012 - 05:04 pm - Link - Report abuse 0
  • Beef

    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.

    10 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!

    Jul 16th, 2012 - 05:28 pm - Link - Report abuse 0
  • briton

    Apparently a false report,

    And the turnip hunter, is awaiting his chance to pick ..

    Jul 16th, 2012 - 05:43 pm - Link - Report abuse 0
  • yankeeboy

    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 0
  • LightThink

    These vainly drilling is seems like the AMERICAN DREAM !

    time to wake up instead of living in dreams.

    Jul 16th, 2012 - 06:22 pm - Link - Report abuse 0
  • WestisBest


    Why 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.

    Jul 16th, 2012 - 06:34 pm - Link - Report abuse 0
  • LightThink

    Truth is the drilling is going fine....! What for ? catching deep sea lobsters ?

    dont deceive yourself in vain.

    Jul 16th, 2012 - 06:41 pm - Link - Report abuse 0
  • Furry-Fat-Feck

    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 0
  • Think


    Think 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©

    Jul 16th, 2012 - 08:07 pm - Link - Report abuse 0
  • Joe Bloggs

    I don't know about a Missasippi Bubbble but how about a Malvinas Bubble?

    Malvinas 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.

    Jul 16th, 2012 - 08:50 pm - Link - Report abuse 0
  • briton


    These who jump the gun,,
    Never seem to get there before the bullet,

    Just wait and see,
    where’s the argentine oil ,
    Oh, still in the ground then.
    Oh yes .lol.

    Jul 16th, 2012 - 09:47 pm - Link - Report abuse 0
  • Malvinense 1833

    @1 And that he did not say anything about another nail ...

    Jul 16th, 2012 - 09:49 pm - Link - Report abuse 0
  • Islander1

    Not 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.

    Jul 17th, 2012 - 12:50 am - Link - Report abuse 0
  • redpoll

    @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 0
  • WestisBest

    TWIMC (think)

    You were just as happy about the dud appraisal well on Sealion at the time...

    Jul 17th, 2012 - 01:44 am - Link - Report abuse 0
  • Marcos Alejandro

    Bloody hell! 71% down? :-)))
    Keep up the optimism!
    You bloody need it!

    Jul 17th, 2012 - 04:17 am - Link - Report abuse 0
  • shb

    It took years to explore and develop the North sea fields, and conditions in the south atlantic are far more extreme.

    I'm not surprised that it is a bit of a roller-coaster ride. It will take time to fully explore the area.

    Jul 17th, 2012 - 06:01 am - Link - Report abuse 0
  • Conqueror

    @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.

    By 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.

    Jul 17th, 2012 - 12:34 pm - Link - Report abuse 0
  • Think

    (2) Doveoverdover
    This 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……

    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

    Jul 17th, 2012 - 04:04 pm - Link - Report abuse 0
  • Marcos Alejandro

    Investor rumors
    “Investors are planning to invade the islands and demand their money back”

    Jul 18th, 2012 - 03:28 am - Link - Report abuse 0
  • Pete Bog

    I 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.

    Jul 18th, 2012 - 11:50 am - Link - Report abuse 0
  • Think


    And the bleeding in the South continues……:

    BOR down 4.69% to 15.25 pennies
    FOGL down 6.67% to 70.00 pennies

    Jul 18th, 2012 - 05:02 pm - Link - Report abuse 0
  • Zethee

    And the oil exploration in the south continues....

    Jul 18th, 2012 - 07:01 pm - Link - Report abuse 0
  • Malvinense 1833

    To be continued... my god, that intransigence!

    Jul 19th, 2012 - 12:52 am - Link - Report abuse 0
  • Doveoverdover

    @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 0

    Offshore 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 0
  • Marcos Alejandro

    30 “Offshore drilling is a long game”
    Losing money is not.

    RH down again! 198.38 -4.00 (-1.98%)

    Jul 20th, 2012 - 04:07 am - Link - Report abuse 0
  • Doveoverdover

    @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 0
  • lost1

    Please 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 0
  • Think

    (29) Cmd. McDod

    Thanks for the polite “Harrovian Cap”.

    Stet Fortuna Domus

    Jul 21st, 2012 - 10:00 am - Link - Report abuse 0

    31 Marcos Alejandro (#)

    I love it when an Argentinian tells me losing money is not a long game..........doh!

    Jul 21st, 2012 - 12:14 pm - Link - Report abuse 0
  • Doveoverdover

    @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
  • Think

    (36) Cmd. McDod

    I'm pretty sure that, under the current financial circumstances, Mrs McDod would agree with my chosen Latin citation…..

    Jul 22nd, 2012 - 09:39 am - Link - Report abuse 0
  • Doveoverdover

    @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 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!