MercoPress. South Atlantic News Agency
South Falklands gas condensate discovery in ‘technically and commercially viable”
Hydrocarbons exploration company Borders and Southern Petroleum announced on Monday that the development of its gas condensate discovery in the Falkland Islands is commercially viable. B&S made its Darwin (East-West) discovery in April and has been carrying out tests to determine the nature of its find. Read full article
Comments
Disclaimer & comment rulesNow where is 'el think' when you need him?
Jan 29th, 2013 - 08:22 am - Link - Report abuse 0Anyways, more good news for the people of the Falkland islands.
Xect,
Jan 29th, 2013 - 09:17 am - Link - Report abuse 0El Think tends to be v. dismissive of these matters, unfortunately. This is but yet another very positive notice from a company rapidly moving forward with a focused strategic agenda to deliver another exploitable discovery for the Falklands economy. Really, really, good news, save for our difficult neighbours.
Aren't you happy for us, Think?
Jan 29th, 2013 - 10:12 am - Link - Report abuse 0After all, we ARE neighbours!
Seems rather couched in VERY careful words... i'd tend to agree with el thinko on this one: half-hearted announcement aimed at preventing stock dropping, rather than a flush of success.
Jan 29th, 2013 - 10:31 am - Link - Report abuse 0@3 Isolde
Jan 29th, 2013 - 10:35 am - Link - Report abuse 0Think isn't paid by La Campora to be happy, or to actually think for himself.
This is good news for the Falklands and the people who live there.
If I was in the Falkland Islands Government, I'd be tempted to buy every household on the Islands a Rolls Royce out of the revenue they'll receive.
Imagine how all the Argentine's would gripe over that! LOL
Of course, you wouldn't necessarily have to drive them, just stand next to them polishing them up, especially when any Argentine visits the Islands.
In reality, though, the Falkland Islands Government will use the revenue to make the lives of the people of the Falklands better. Improved infrastructre, especially the roads. Improved housing, improved schools, and an improved medical facility.
They will show their neighbours how a government is supposed to work for the people, and not for themselves.
As the Falklands prosperity grows, Argentina's seems to shrink, despite having huge amounts of natural resources.
It shows the scale of bad goverance that Argentina is getting poorer despite all of the potential wealth, while their neighbours; whether the Falklands, Chile, Uruguay and Brazil; seem to be getting richer.
Perhaps there is a lesson to be learned there, but the Argentine people seem too arrogant to realise that all their troubles are of their own making.
@Xect
Jan 29th, 2013 - 11:20 am - Link - Report abuse 0If it is not another nail in the Falkland's coffin, you want hear from Think. He will hide until the good news passes. Or if he does sum up the courage to rear his big head, he will just quote share prices and call everyone a turnip. You have to love the 'intellectual' Malvinistas!
If they are investing U$1.6B this must be a huge discovery! Gosh in 3-5 yrs the Falklands are going to be like Brunei!
Jan 29th, 2013 - 12:03 pm - Link - Report abuse 0Poor Argentina looking on with envy, jealousy and hate. It looks like the SOY and CORN is withering in the fields again this year. If they don't get a nice light rain in the next 2 weeks they may will have some serious problems on their hands.
4 Anbar (#)
Jan 29th, 2013 - 12:28 pm - Link - Report abuse 0Jan 29th, 2013 - 10:31 am
“... half-hearted announcement aimed at preventing stock dropping, rather than a flush of success.”
As their shares increased in value by 12.5% to 27.37 pence, I would say that they had no fear of their stock dropping!!!!!!
This is so bloody stupid, if the Argentine Government had not been so bloody minded over this whole issue and let good old fashioned sense, instead of pathetic nationalism cloud their judgment, Argentina would probably be sharing in some of the islands good fortune. It's no use denying the existence of the oil and gas or wishing it away. The fact is that within the not to distant future, it will be coming ashore on the island and they will have, through stupidy, cut their nose off to spite their face, yet again.
Jan 29th, 2013 - 12:42 pm - Link - Report abuse 0The newspapers today state two British companies are down there,
Jan 29th, 2013 - 01:46 pm - Link - Report abuse 0And reports of CFK screaming of her hatred of the clever brits , are all over the place,
And now the Falklands are getting nearer and nearer to the referendum,
And their is nothing CFK can do about it.
And it hurts, .lol.
@5
Jan 29th, 2013 - 01:59 pm - Link - Report abuse 0“It shows the scale of bad goverance that Argentina is getting poorer despite all of the potential wealth”
The Open Budget Survey for 2012 has just been published measuring government openess and transparency. Confirms your point.
http://clip2net.com/s/2LfaH
http://clip2net.com/s/2LfaH
Two points make me a very happy investor.
Jan 29th, 2013 - 06:39 pm - Link - Report abuse 0This condensate is very close to ultra-light crude. This is the oil that dreams are made off. With further exploration it is very likely we will find some light stuff in the acreage. This stuff is beautifully cheap to refine compared to that heavy crap in Venezuela.
Data room being opened!!! More than one potential partner has therefore already shown interest. Why waste the money with a data room if not!!
Borders will have huge finds in their licences. Borders already said that drilling would still be on-going in 40 yrs time :)
Argies - Why did you lot cut yourself out of a potential deal? Your loss!
Congratulations .. It will be filled with money .. That's great! Too bad that after March 11 must travel to Africa to leave their ghetto .. je
Jan 29th, 2013 - 11:08 pm - Link - Report abuse 0What the hell are you talking about Javie?
Jan 30th, 2013 - 01:04 am - Link - Report abuse 0@XAVIERV ,Talking shit as usual?? mmmm smell that sweet oil baby
Jan 30th, 2013 - 02:00 am - Link - Report abuse 0PUMP, PUMP, PUMP….. DUUUUUUMP
Jan 30th, 2013 - 06:22 pm - Link - Report abuse 0And there they go again……, down 3,57% today....., my beloved BS shares after all that BS about ”Commerciality”…
PUMP, PUMP….. DUUUUUUMP
I say “my beloved BS shares” because I am a BS shareholder you know, thanks to my respected foe, Mr. DoveoverDover…..
PUMP….. DUUUUUUMP
http://tradingresearchpoint.co.uk/2013/01/29/borders-southern-bor-operations-update-positive-on-the-surface-but-drill-down-to-a-sell/
DUUUUUUMP
uuuuuujajaja...keep dreaming! the 3,ooo islanders needs 189 years to “plan”...
Jan 30th, 2013 - 07:28 pm - Link - Report abuse 0@17 Nice new name Sussie
Jan 30th, 2013 - 09:52 pm - Link - Report abuse 0got to agree with el think here... even though hes still trying to sell doveroverdover as a real person when everybody knows he was a sock-puppet...and one caught out and totally sussed.
Jan 31st, 2013 - 12:24 am - Link - Report abuse 0Even so, as i said, carefully couching of phrases to paint a rosy picture, that isnt that rosy unless they hit gold big time on the next drilling.
@19 Repeating yourself again I see, and as sadly wrong as ever. Do you think anyone gives a twopenny fig for your blinkered opinions given your record of dreadfully poor analysis of even the most transparent events? That's rhetorical by the way.
Jan 31st, 2013 - 07:45 am - Link - Report abuse 0Please support this page - Falklands Forever British - 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 - https://www.facebook.com/truthfk
Feb 06th, 2013 - 02:44 pm - Link - Report abuse 0Commenting for this story is now closed.
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