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Falklands’ Desire Petroleum announces interim results and farmout process

Tuesday, September 17th 2013 - 07:06 UTC
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CEO Phipps: “We are now entering an exciting period in the North Falkland Basin” CEO Phipps: “We are now entering an exciting period in the North Falkland Basin”

Falkland Islands Desire Petroleum announced on Monday its interim results for the six months ended 30 June 2013, having posted losses of 1.6 million dollars for the six months to the end of June, down from 1.9 million previously.

Chairman Stephen Phipps said: ”We are now entering an exciting period in the North Falkland Basin (NFB). The board is pleased to note the statements from both Premier and Rockhopper that a new exploration program for the NFB could, subject to rig availability, start as early as the final quarter of 2014.

“Our current focus has been to attract investment into our NFB licences by conducting a farmout process. A data room was opened in February of this year and a number of companies have analyzed the information with a smaller number still engaged in this process.

”The possible recommencement of drilling activity will hopefully enable us to participate in a drilling campaign that should unlock more of the potential of our exciting prospect inventory.”

Premier Oil and Rockhopper Exploration expect one exploration well to be drilled on licence PL004b (Desire: 40%) Unitisation of Sea Lion Oil Field not expected in Phase 1 development

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  • Steve-33-uk

    'Stepping on Malvinas’ soil' - Tierra del Fuego governor Fabiana Ríos attended Sunday´s marathon in the city of Río Grande. “Are you going to run?” the asked her. “I am going to walk with the people”, she clarified.
    “Being here has to do with making 1 million Argentineans think and sign for peace, dialogue, territorial integrity. And to make Tierra del Fuego have effective jurisdiction over Malvinas Islands,” Ríos added...'

    “In Río Grande we have lived the war and today we live the call for peace” ~ ...dialogue is Britain’s greatest weakness. They don´t have the strength to sit and talk because rationality lies on the side of Argentina’s rights, so militarization is the only way they have. And it is also a provocation exploiting our natural resources without any government authorization. We have the strength of history, geography, the sense of belonging to Malvinas, the right over natural resources and dialogue,” this Radical mayor affirms...'

    'The UNASUR Film featured a tribute to Falklands'

    'UN launches 68 Session of General Assembly'

    'Author’s second novel explores imagined second Falklands crisis - The scenario is based on how the UK might respond if Argentina again laid claim to the Falkland Islands.'

    Sep 17th, 2013 - 09:32 am 0
  • Falkland Islands

    how pathetic the Argies are! they have more chance of seeing god than they are getting hold of the Falkland Islands. They remind me of rubber necks at an accident ha ha.

    Sep 17th, 2013 - 12:57 pm 0
  • Conqueror

    Don't anybody get concerned over

    For a start, there are major differences between the Falklands in 1982 and the Falklands today. In 1982, there were no Royal Navy warships in place. Today there are. Some are seen, some aren't. In 1982, a submarine's armament was limited to torpedos. Not today. In 1982, British land forces consisted of ~80 Royal Marines. Not today. Today, there are 1,500 combat troops with every possible munition. In 1982, Britain had no “airpower” on the Islands. Today, it does. It's 4 Eurofighter Typhoons can destroy every argie airborne “force”. And there's more. The Falkland Islands garrison can be reinforced by air. Just the ground troops, the equipment and the aircraft. Can't fly a ship out. Why don't the argies come? They've said that, but for the British garrison, they'd invade again. Do they have a problem with dying? British troops have, many times, gone into action against insuperable odds. And won! Argie “troops” would have a problem overcoming a Girl Guide troop.
    Remember that it's just a novel. It's made up. Britain can waste argieland anytime. Just imagine the RAF/FAA true combat strength going into action. 400 combat aircraft. Plus surveillance, refuelling, troop reinforcement, supply. Probably be best to consider high-level cruise missile launches against military installations. Then “government” centres. Make no mistake, argieland trumpets “peaceful, democratic” methods because it knows Britain can destroy it. Hang on, Falklands. Sooner or later, argieland will make a REAL mistake. And will cease to exist.

    Sep 17th, 2013 - 01:12 pm 0
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