Falkland Islands explorer Desire Petroleum said its half-year to end-June period losses decreased from 39.3 million dollars in the previous period to just 2m, due to a fall in exploration and evaluation expenses. It also announced that it was looking for a farm-in partner for the North Falkland basin, where the company is focused. Read full article
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Wouldn't touch this shower with a barge pole. An incompetent bunch who turn oil into water and quite happily pay themselves large amounts of money while their share holders suffer!!Sep 18th, 2012 - 07:30 am - Link - Report abuse 0
Still far better bet than YPF.Sep 18th, 2012 - 10:35 am - Link - Report abuse 0
What's the matter Harry? You seem upset about something.
Purely business, Nieve enough to believe the company Speele !Sep 18th, 2012 - 01:09 pm - Link - Report abuse 0
@3 -HarrySep 18th, 2012 - 05:16 pm - Link - Report abuse 0
I'm afraid you'll have to translate your post. What is nieve? What is speele?
4@ stupid enough to believe the company line !Sep 18th, 2012 - 08:27 pm - Link - Report abuse 0
@5 - HarrySep 18th, 2012 - 08:38 pm - Link - Report abuse 0
You seem to have issues, and difficulty writing in English. Are you Argentine by any chance? I believe you meant to say naive and spiel.
Why should it matter to you whether Desire gets investors or not? I mean, it's not like they're YPF and there's a danger that the government will steal it, and rip off the investors, is it?
@1Sep 18th, 2012 - 09:58 pm - Link - Report abuse 0
Well nobody wants to touch YPF either, and the idiots think they are going to get investment from the British, even though the Argentines say they don't want investment from Britain. FOGL rules. YPF looses.
1 Harry Stamper An incompetent bunch who turn oil into water and quite happily pay themselves large amounts of money while their share holders suffer!!Sep 19th, 2012 - 02:51 am - Link - Report abuse 0
Yep, that's Desire(Disaster) Petroleum...more to follow.
Investing in any of the Oil Exploration Companies around the Falkland Islands is fraught with risk. Even the Telegraph has an avoid recommendation on FOGL which many, including myself, believe to be the best of the lot.Sep 19th, 2012 - 08:16 am - Link - Report abuse 0
Share dilution and market manipulation are often mentioned. The chances however of FOGL finding recoverable oil in commercial quantities at the Scotia prospect are good and for that reason I will stick with them.
So for me Harry has a point, be he English, Argentinian or whatever.
#1 Interesting...Sep 19th, 2012 - 02:32 pm - Link - Report abuse 0
8 MarcosSep 19th, 2012 - 06:46 pm - Link - Report abuse 0
Tell me this. Speaking of Desire, what do you think of Lewis? Not that you'd know him personally or anything. LOL!
All nonsense to capitalize on a rumor to take peoples money when it fails.Sep 19th, 2012 - 08:25 pm - Link - Report abuse 0
YPF is much more attractive. Much cheaper to extract oil from land thhe sea.
ProG 12 -= Can you then please explain Why onshore production of Oil and Gas in Argentina has been declining for 5-10 years?Sep 19th, 2012 - 10:41 pm - Link - Report abuse 0
Yes it is a bit more expensive under the sea - that gets factored into the decision to go ahead and develop and exploit or not. Has been standard policy world wide ever since first offshore wells started probabaly a century or more ago.
11 Joe BloggsSep 20th, 2012 - 02:37 am - Link - Report abuse 0
I'm assuming you are talking about of one of Desire's founding directors, who by the way stepped down after being fined almost £150,000 for insider trading, right?
Say hi to Darwin.
14 MarcosSep 20th, 2012 - 06:01 am - Link - Report abuse 0
That's the one. Next time I see him I'll tell him Bingham says hi.
Please do.Sep 21st, 2012 - 01:25 am - Link - Report abuse 0
@12Sep 21st, 2012 - 11:27 pm - Link - Report abuse 0
YPF is much more attractive
Why can't it get money from the USA then?
Why is it planning to raise money in the UK, whom Argentina said they would not deal with?
Rig is 10 days away from Scotia prospect. FOGL responsibe for 15% of the costs but retains 40% interest. Presence of oil or otherwise should be confirmed by mid November. Fingers crossed.Sep 24th, 2012 - 09:58 am - Link - Report abuse 0