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FOGL and Edison strike gas discovery to the East of the Falkland Islands

Monday, September 17th 2012 - 14:57 UTC
Full article 35 comments

Falkland Oil and Gas Ltd announced Monday that the well drilled to the East of the Falkland Islands to a depth of over 4.000 meters is a gas discovery. The statement comes after a rough week for FOGL when its shares plummeted following poor and unfounded press coverage. Read full article

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  • ProRG_American

    All smoke and mirrors. Nothing concrete. Don't waste any more time, Argentina will take it very expensive to exploit.

    Sep 17th, 2012 - 03:48 pm - Link - Report abuse 0
  • Idlehands

    How - Argentina doesn't even have the resources to exploit it's own resources without coming to the UK & USA with a begging bowl.

    Sep 17th, 2012 - 03:53 pm - Link - Report abuse 0
  • ProRG_American

    All's well in argentina http://www.menafn.com/menafn/1093559665/UAE-and-Argentina-farm-sector-talks

    Sep 17th, 2012 - 03:55 pm - Link - Report abuse 0
  • Idlehands

    As you're spamming that link all over the place do you know who or where the UAE is?

    Top tip - you haven't cornered the world of realpolitik with this one.

    Sep 17th, 2012 - 03:57 pm - Link - Report abuse 0
  • Beef

    Pro RG/BK. Please educate us as to how Argentina can make it expensive to exploit these resources considering they will be using FPSO and Floating LNG plants.

    You are as thick as Marcos!

    Sep 17th, 2012 - 04:37 pm - Link - Report abuse 0
  • Conqueror

    @1 Thanks for that. If there's one thing we've all learned, it's that when someone like you says “All smoke and mirrors”, you're seriously worried. Looks like FOGL is doing good, doesn't it? Go on, say “Well done, FOGL!” Do you think it might choke you? Don't they NEED gas over in argieland? They could get a VERY special price. Twice what anybody else has to pay!

    Sep 17th, 2012 - 05:02 pm - Link - Report abuse 0
  • Santa Fe

    1- And how will that happen??? they have not stopped any foreign investment or drilling rigs etc. As said above they will need no support from mainland and especially not RGLand jajajajajajajajaja

    As usual the world sees any RG rantings as all hot air, as we sat in UK ''all mouth & no trousers''

    Well done FOGL great news for Falklands...god save the queen .....hussars

    Sep 17th, 2012 - 06:04 pm - Link - Report abuse 0
  • briton

    oh dear, the tough argies utter againg,
    well tough little aries,
    you may intimidate the spanish,
    but when it comes to real men,,
    you have as much chance of intimidating the falklanders,
    have, you have of invading china lol.

    Sep 17th, 2012 - 06:51 pm - Link - Report abuse 0
  • Brit Bob

    @1 INDEC Inflation figures - 10%
    Real Argentine inflation - 25%
    (even CFK has put up chil;d benefit by 26%).

    So, if a government agency like INDEC is incapable of telling the truth how can anyone expect an Argentine politician to be truthful about the history of the Falklands?

    Sep 17th, 2012 - 07:25 pm - Link - Report abuse 0
  • ProRG_American

    Nothing concrete. Juts read the article.

    Sep 17th, 2012 - 07:30 pm - Link - Report abuse 0
  • slattzzz

    the only thing concrete is you brain sussie now get your arse streetside

    Sep 17th, 2012 - 07:37 pm - Link - Report abuse 0
  • Beef

    RG - I think you will find they will be plugging the well with concrete.

    Muppet.

    Sep 17th, 2012 - 07:45 pm - Link - Report abuse 0
  • Santa Fe

    10.. Standard troll response , bury your head in the sand,...every week good news being published, every week same response. it's happening there is oil and gas in abundance and the falklanders will extract it

    Sep 17th, 2012 - 08:03 pm - Link - Report abuse 0
  • toooldtodieyoung

    10 ProRG_American

    “Nothing concrete. Juts read the article.” really?? Just wait a while, then stand back and see how a success economy, a trusted government which respects it's people and industry can work together for the common good..............

    I know, I know!!! A leader that doesn't line his/her own pockets??? that's a pretty hard image for you Argentinian's to picture isn't it?

    Sep 17th, 2012 - 09:23 pm - Link - Report abuse 0
  • Doveoverdover

    Gas, gas, beautiful gas....

    Sep 17th, 2012 - 09:52 pm - Link - Report abuse 0
  • Captain Poppy

    Argentina is now 6 levels into junk status..........they worked hard to get that type of status. No one will invest there now. How will they make it expensive......offer to manage their economy?
    lolololololol

    online.wsj.com/article/BT-CO-20120917-712175.html

    Sep 18th, 2012 - 01:16 am - Link - Report abuse 0
  • Marcos Alejandro

    15 Doveoverdover (#)
    ”Gas, gas, beautiful gas....
    Indeed :-))

    Worried investor
    “FOGL will charter a small boat for the core samples to arrive in the UK in 2 months time and another 2 months for analysis”
    This “gas find” smells like a fart and feels just like a duster.

    Sep 18th, 2012 - 03:55 am - Link - Report abuse 0
  • Joe Bloggs

    :-))

    Sep 18th, 2012 - 05:35 am - Link - Report abuse 0
  • mastershakejb

    11 Slatzzz
    “now get ur arse streetside” made me lol irl
    I think I saw ProRG's mom the other day here while I was traveling through Quito, was walkin down the street, took a wrong turn and there in the alleyway was a horrendous looking, heavily painted (think Cristina) transvestite, and all it said to me was “fucky?” as I walked by it. Almost made me puke.

    Sep 18th, 2012 - 05:50 am - Link - Report abuse 0
  • GALlamosa

    Loud squealing from another nail being extracted............ The Falklands gets stronger and CFK's loony policies continue to improve our position in the international community.

    Thanks dear.

    Sep 18th, 2012 - 11:10 am - Link - Report abuse 0
  • Islander1

    Marcos, I understand that Aerolineas does not bother much with saftey, but in the civilized world p[eople do not transport raw crude volatile gas by air!
    Ships sail from here to UK every 4-5 weeks so if you just miss one with a shipment then it is logical that it can take 2 months - a month until the next one which takes a month to reach UK - God you are THICK!

    With major Int partners FOGL are not going to tell a lie- we leave lies to Kitschener Govts - if it was dry no hydrocarbon traces - a “duster” - they would have said!
    It was not dry - unspecified and unverifiable(as yet) hydrocarbon volumes present - so that is what they have said!
    You really do live in a fantasy world - one that is fast collapsing around you.

    After the media circus hype when drilling first started with Desire - the Oil Operators now act cautiously and only say something when they have evidence - to try and minimise the circus hype.

    Sep 18th, 2012 - 11:26 am - Link - Report abuse 0
  • Englander

    Scotia is it as far as I am concerned.

    Gas is OK but oil is better

    Apparently if estimates of the amount of gas are verified, the Loligo prospect alone, would solve Argentina's entire energy needs for the next 40 years.

    Shame Kirchner has condemned her fellow citizens to fuel poverty and/or the dodgy US fracking industry.

    Sep 18th, 2012 - 12:45 pm - Link - Report abuse 0
  • gustbury

    bla bla bla !!!!!!!! you bored averyworld!

    Sep 18th, 2012 - 01:08 pm - Link - Report abuse 0
  • British_Kirchnerist

    Better get talking to Cristina if you want this to go smoothly; don't worry, there's much worse things than talking to Cristina =)

    Sep 18th, 2012 - 03:08 pm - Link - Report abuse 0
  • mastershakejb

    22 Englander
    It won't be “dodgy” if Chevron actually agreed to exploit the resources...but Chevron didn't, they're simply going to stand by and watch YPF attempt to explore, until after revolution kicks Cristina out, THEN they'll be the first foreign company on the scene for new gov, and they'll start seriously exploiting the reserves.
    Chevron wouldn't seriously work with a gov like Cristina, they just want a foot in the door for when revolution comes.

    Sep 18th, 2012 - 03:32 pm - Link - Report abuse 0
  • Think

    Let’s see……………

    What happened during my short walkabout along the Patagonian shores…..?

    I read that the population of Malvinas is getting smaller and older…
    And that Camp is becoming even more des”camp”ado… ;-)

    I read that FOGL striked a “Gas Discovery” in our waters…
    And that its share price went duly, from about 71pennies pre-discovery to a whopping….......................................
    ~ 69 pennies post-discovery… ;-)

    I read that the English police finally apologized for Hillsborough…
    What’s 23 years between friends… ;-)

    Great news, all of them

    Sep 18th, 2012 - 06:20 pm - Link - Report abuse 0
  • briton

    still awaiting for the argies to say sorry for invading the falklands then.

    the oil will come, soon, later, sooner or later...

    the population always shrinks before it grows,

    opps we forget.

    and its still british .lol.

    Sep 18th, 2012 - 07:02 pm - Link - Report abuse 0
  • Pete Bog

    @26
    “I read that FOGL striked a “Gas Discovery” in our waters…”

    You a Falkland Islander, Thunk?

    Sep 18th, 2012 - 10:00 pm - Link - Report abuse 0
  • briton

    we suspect he is.

    Sep 19th, 2012 - 09:25 am - Link - Report abuse 0
  • British_Kirchnerist

    #26 Welcome back Think? What do you think of Binner siding with the opposition; is there any chance of a transversal left project for Cristina with other left forces? Must say I was quite dissapointed with the Socialist leader joining forces with such a reactionary protest...

    Sep 19th, 2012 - 12:39 pm - Link - Report abuse 0
  • Captain Poppy

    Reactionary protest and Medina called it a well planned thought out protest of professionals........lol

    Sep 19th, 2012 - 03:10 pm - Link - Report abuse 0
  • Think

    (30) British_Kirchnerist

    Politics in Argentina (as in the rest of the world) are quite complicated.

    We have a high percent of “reactionary people” down here......
    But they are our “reactionary people” and we have to work together.
    (we have tried the other way, it didn't work :-(

    My personal dream for a transversal project would be that Mrs. Fernandez de Kirchner nominated Mr. Binner as her candidate for 2015 ;-)

    I'm a dreamer.............

    Sep 19th, 2012 - 04:28 pm - Link - Report abuse 0
  • Pete Bog

    @26
    I hope in your short walkabout you telephoned CFK to tell her to stop kicking off native Argentinians off their lands.

    Sep 19th, 2012 - 06:14 pm - Link - Report abuse 0
  • British_Kirchnerist

    #32 Binner may be too much of a dream (right now at least, I certainly hope he breaks with the right wing opposition) but I think Alicia Castro used to lead a non-Peronist left party, so she could be a good transversal Cristinista candidate =)

    Sep 20th, 2012 - 12:56 pm - Link - Report abuse 0
  • Englander

    Apparently Scotia has been spudded already.
    When's Argentina going to start all its expensive, pointless, time consuming legal action?

    Sep 25th, 2012 - 02:26 pm - Link - Report abuse 0

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