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Falklands' Sea Lion project outstands in Premier Oil exploration opportunities

Wednesday, July 31st 2013 - 05:35 UTC
Full article 16 comments

Premier Oil, the British North Sea's oldest company outside the oil majors, is turning away from the region for future exploration opportunities such as the Catcher and the Sea Lion project in the Falkland Islands, according to a report published by Reuters. Read full article

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  • Anglotino

    I can't believe Premier Oil which has been involved in the oil industry for at least 42 years isn't listening to Think regarding Falkland's oil.

    Jul 31st, 2013 - 05:50 am - Link - Report abuse 0
  • malen

    “Big falls in UK oil production”...................ejem ejem thats the real real key of all.

    Jul 31st, 2013 - 07:14 am - Link - Report abuse 0
  • Monkeymagic

    Malen

    You are thinking like an Argtard again.

    Under British sovereignty, the islanders own the oil
    Under an imagined Argentine sovereignty. CFK would own the oil.

    Under British sovereignty, the islanders will determine where the proceeds go.
    Under an imagined Argentine sovereignty, CFK will take the proceeds.

    Under British sovereignty the oil will leave the FPSO and most likely go to refineries in South Africa and the Caribbean.
    Under imagined Argentine sovereignty, the project would be delayed for years due to corruption, would be poorly engineered, seized by the government, cost 3x the price, and the remaining oil and gas be wasted in inefficient SA refineries.

    As far as the real key of all Malen....

    1) All peoples have the right to self-determination
    2) the Americas is full of implanted populations
    3) Argentina siezed their homeland through genocide, the islanders reclaimed theirs peacefully.

    Jul 31st, 2013 - 07:26 am - Link - Report abuse 0
  • Be serious

    1 Yup, Tinkavoicedover wrong again.

    Jul 31st, 2013 - 07:33 am - Link - Report abuse 0
  • Faz

    Malen, there is a resergence in North Sea oil exploration. We have shale gas everywhere and we still have massive coal reserves under the North Sea. We are a small windy island with the greatest potential for wind generation in Europe. We have massive tides in several locations which give huge potential for tidal generation. Our present government and the last few governments are the problem, they dithered and vacilated causing short term problems. As for Falklands oil it will not be brought here for refining, there is no need for it. The Falkland Islands are self governing and what they do with the oil money is there business. Some of it will be spent providing a high technology defence sheild to prevent RGland invading or interfering with their wealthy, peaceful and crime free lifestyle.

    As usual, another RG troll spouts uniformed rubbish. Tell Gollum he's lost....

    Jul 31st, 2013 - 07:49 am - Link - Report abuse 0
  • Vestige

    Nobhopper
    52 Week High 208.75 52 Week High Date 7-AUG-2012
    52 Week Low 119.50 52 Week Low Date 26-JUN-2013
    Today.............. 124.50

    Jul 31st, 2013 - 08:37 am - Link - Report abuse 0
  • FI_Frost

    @6 You mean to tell me stocks go up and down!!!

    Christ, you a a genius. Any thoughts on tonight's Lotto numbers?

    Jul 31st, 2013 - 09:24 am - Link - Report abuse 0
  • Gordo1

    (With tongue in cheek!) Has Premier Oil checked its position with La Kretina and the simpleton Timerman? Or has Premier Oil, quite within its rights, not even taken them into account?

    Jul 31st, 2013 - 09:30 am - Link - Report abuse 0
  • Steve-33-uk

    'Neighbours 'peace' prevails in the Malvinas Islands: Islanders Argentines opt for coexistence -
    In the middle of the dispute between Argentina and the United Kingdom by the Malvinas, Argentines residing on the island take advantage of the good economic situation. But perhaps have the opportunity to express themselves freely and defend his country claim?..'
    http://actualidad.rt.com/actualidad/view/101644-malvinas-argentina-convivencia-britanicos

    'Ecuadorian President Questions Role of OAS'
    http://actualidad.rt.com/actualidad/view/101644-malvinas-argentina-convivencia-britanicos

    '“Today the fight is against capital” -
    In the first Summit without Hugo Chávez, with the presence of Nicaraguan President Daniel Ortega and his Venezuelan counterpart Nicolas Maduro, the Ecuadorian President reaffirmed the need to strengthen the regional Alliance'
    http://actualidad.rt.com/actualidad/view/101644-malvinas-argentina-convivencia-britanicos

    '127.205 inhabitants in Tierra del Fuego - With regard to the provisional data released in late 2010, registered total increased in 1015 people, reaching thus 127.205 inhabitants. This marks that within a decade the population of the province grew by 25.8%....'
    http://actualidad.rt.com/actualidad/view/101644-malvinas-argentina-convivencia-britanicos

    Jul 31st, 2013 - 09:39 am - Link - Report abuse 0
  • Simon68

    Long live South American Unity!!!!!!!!

    “... Premier has headed to the Norwegian North Sea as part of its drive for new exploration opportunities, as well as Brazil and Iraq, and emerging oil areas in the Falkland Islands and Kenya... ”

    I'm sure CFK is thrilled by Brasil letting Premier in!!!!!!!

    Jul 31st, 2013 - 09:40 am - Link - Report abuse 0
  • Be serious

    So Tinka looks like a good buying opportunity then. Never known a Nationalist Socialist with such a blind faith in Capitalism. Well done.

    Jul 31st, 2013 - 11:57 am - Link - Report abuse 0
  • ChrisR

    Yes, The Bitter And Twisted Twat Of Chew Butt really knows how to lose money.

    Oil is like the gold market: you buy on the dips and sell on the peaks, “Simples”

    HE manages to do it the other way around!

    LOLs

    Jul 31st, 2013 - 02:10 pm - Link - Report abuse 0
  • Briton

    The Falklands: HMS Argyll Plays Key Role in Exercise Cape Bayonet
    http://navaltoday.com/2013/07/31/the-falklands-hms-argyll-plays-key-role-in-exercise-cape-bayonet/

    HMS Argyll has just completed a very successful 30 day period of exercises and local engagement in the Falkland Islands in Exercise Cape Bayonet

    RFA Black Rover, was alongside Argyll
    [ PS ] Argentines hidaway..lol
    .

    Jul 31st, 2013 - 02:54 pm - Link - Report abuse 0
  • golfcronie

    @6
    Vestige, you even lie about the share price. At close of markets in UK Rockhopper was up 5% to 131.25, Premier oil up .014% at 3.6025

    Jul 31st, 2013 - 04:22 pm - Link - Report abuse 0
  • Marcos Alejandro

    “The UK is a very mature(thief) province and if we are to find more oil and gas...then we need to go to other places(to steal),” said CEO Lockett in the interview
    We are not in the 1800's anymore Mr. Thief.
    Times are changing fast.
    “Should Saudi Arabia Fear North Dakota?”

    http://news.yahoo.com/saudi-arabia-fear-north-dakota-one-man-says-132802213.html

    Jul 31st, 2013 - 11:22 pm - Link - Report abuse 0
  • golfcronie

    @15
    What about all the shale gas under Patagonia, you stole it from the indiginous population , remember? Who is the thief now? All this happened years ago.
    Anyway Argentina could not afford to explore for oil offshore. You would have to put money into an escrow account to pay for the exploration. Why can you not sort your own country out, and stop being concerned about the Falklands.
    You have a fantastic country but I have to say workshy. No-one is prepared to put the effort in as they know it will not be worthwhile.

    Aug 01st, 2013 - 03:00 am - Link - Report abuse 0
  • Be serious

    Looks like Tinka and friends topped up on this share hence the rise.
    Never let politics get in the way of profit.
    Wonder if they used their hidden stash of US dollars to invest.

    Aug 01st, 2013 - 11:19 am - Link - Report abuse 0
  • Pete Bog

    @13

    Has Gollum protested to the UN yet?

    Not very sensitive to the Argies was it, using the Paras in the exercises ?

    =Mass nightmares in the Dark Country.

    @15
    Your salad dodging Prince Maximo (got his C17 Globemaster yet?), has wasted more money on RG Airlines than will be earned by the Falkland oil fields for years to come, or would it be more accurate to say he has stolen it off the Argentine people and stashed it in mummy's bank in Switzerland?

    A thief, and a fat one at that.

    Why bothered about Falklands oil? You wouldn't even get as far as installing test rigs or getting the international finance to start-and it was Nestor that threw away the chance to get 50%. Is not he the real thief as he robbed Argentina of the chance of getting a share?

    You have been very good at prospecting for oil in Patagonia that was stolen off the Amerindians in the 1800s, so.......

    “We are not in the 1800's anymore Mr. Thief.”

    Oh yes, when is your boss, Gollum taking these oil companies to court?

    Promises of this in 2010 and 2012.

    Still waiting with baited breath...........
    @5

    Although the UK has dragged its feet for years I believe despite the detractors of windpower, we are favourably placed vis a vis Europe in how much power we generate from wind.
    Interesting that the FIs have dramatically reduced their reliance on oil with the (at last) heavy use of windpower. (40%?).

    With the potential for perhaps some tidal schemes (the Murrel?), solar power (the Islands have high annual levels of sunlight), and the huge potential for biofuel production, and more wind generated power, in the future Falklands oil will be complementary to rather than be depended on by the Islands.

    Aug 02nd, 2013 - 01:41 pm - Link - Report abuse 0

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