MercoPress. South Atlantic News Agency
Falklands fiscal regime and stability remain attractive for oil and gas industry
With the Falkland Islands' upstream oil and gas industry still in its infancy, the country's attractive fiscal regime, which boasts a low government take, is expected to remain stable through the short and medium term, says a new report from research and consulting firm GlobalData. Read full article
Comments
Disclaimer & comment rulesThat is what I call the real politics of oil....
Apr 08th, 2014 - 10:48 pm - Link - Report abuse 0For what I understand from this is the o/g big companies are waiting to see what happens in Argentina after the mad cow leaves and the dead cow becomes profitable in the long term provided if the rules are placed in Argentina by the next government and the economy seems ordered enough by then.
So the islanders will have an eye on Argentina to see what unfolds... They depend on Cristina staying and doing as much damage as she can.
If VM and argentine energetic policy is successful in the best of cases in the next ten years or so when real production will start, only little guys will go to invest in the Falkland waters.
RKH
Apr 09th, 2014 - 01:22 am - Link - Report abuse 094.50
↓ -3.00 (-3.07%
08 April 2014 13:34 GMT
“The Falkland Islands is unlikely to make any move toward tougher taxation terms any time soon because of high exploration costs and the continuing dispute with Argentina, a new analysis said”
So attractive, Lol
I think “stability” is the key word here.
Apr 09th, 2014 - 02:01 am - Link - Report abuse 0This report seems to indicate that the Falklands authorities are being very prudent and sensible.
Apr 09th, 2014 - 06:27 am - Link - Report abuse 0i agree that some of the oil companies are holding back to see how quickly the corrupt CFK government is toppled, then Argetina may be worth a punt.
Apr 09th, 2014 - 06:49 am - Link - Report abuse 0however, as we all know, you cut the festering boil off at the head, another grows from the same point. Only a complete removal of all parts, right down to the root will remove the poison from reappearing.
Basically its game over in 2015, the oil will start flowing, the dock and facilities will be in place along with other logistics and the costs will begin to fall as producers share costs and facilities.
VM would be a huge and sound investment, if the companies did not have to factor into their risks, CFK increasing taxation, taking over the company illegally or indeed arranging for accidents to happen.
The islander have no fear of this happening as they are free and protected by the UK
I think the difference to investing is that Vaca Muerta contracts will be under Argentinian law and the FALKLANDS contracts are under UK law and I know which one I would trust.Anyway the oil companies WILL be drilling in the FALKLANDS in 2015 that is a certainty. Vaca Muerta who knows?
Apr 09th, 2014 - 10:20 am - Link - Report abuse 0GlobalData opinion and speculation. Not a single fact or FIG statement to sway the argument either way.
Apr 09th, 2014 - 10:38 am - Link - Report abuse 0Hey guys, eh, any of you guys want to buy some RKH shares, I dont need this many so I thought it would be nice to offer them round and stuff. They're totally worth... I mean I wouldn't be asking for that much.
Apr 09th, 2014 - 12:22 pm - Link - Report abuse 0Anybody ?
@8 I'll take them off your hands. I'll give you the address of my bank. You send them the share certificates. After they've been properly authenticated, we can arrange proper transfer of title and payment. Naturally, the bank will act as my proxy so there's no chance of you getting any of my details. A penny per share. Up for it?
Apr 09th, 2014 - 02:51 pm - Link - Report abuse 0@2 Oh dear Marcus, look RKH has gone up to 98.25 @9 April 16:30 GMT, All shares go up and down like a whores drawers ( CFK's in this case )
Apr 09th, 2014 - 04:31 pm - Link - Report abuse 0”Mexico's Inbursa, owned by businessman Carlos Slim, told Argentine stock market regulators on Monday that it has cut its stake in Argentina's state-controlled energy company YPF (YPFD.BA) to 4.8 percent.
Apr 09th, 2014 - 08:06 pm - Link - Report abuse 0http://www.reuters.com/article/2014/04/07/us-argentina-inbursa-ypf-idUSBREA3620O20140407
@11
Apr 09th, 2014 - 08:13 pm - Link - Report abuse 0The real indicator of YPF and VM prospects will be in a few months time when Chevron confirms or not the MOU. If they pull out that will be a killer blow of all the VM propaganda the gov't makes.
9 - A whole penny !! - you got it buddy, Ill even throw in this faux-pearl necklace.
Apr 10th, 2014 - 12:25 am - Link - Report abuse 0Commenting for this story is now closed.
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