British company spuds exploratory well in Paraguay's Chaco

Tuesday, June 17th 2014 - 06:49 UTC

Full article 8 comments

London AIM listed President Energy PLC, has spudded what it calls the first deep exploration well in the Paraguayan part of the Chaco basin in almost 30 years. Read full article

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ChrisR
How about a bit of horizontal drilling under the border and nick the argie oil?

Ha, ha, ha.
Jun 17th, 2014 - 05:13 pm - Link - Report abuse 0
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redp0ll
What,what? No squawk from Timmerman yet?
Jun 17th, 2014 - 05:25 pm - Link - Report abuse 0
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reality check
You can bet if there's an underground layer of oil stretching across the border, they will be screaming at the top of their voices that Paraguay ate stealing their resources.

Probably demand a cut?
Jun 17th, 2014 - 05:59 pm - Link - Report abuse 0
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redp0ll
The Chaco War with Bolivia was sparked by the same thing. Who won? A ragtag Paraguayan army with weapons captured from the Bolivians.
You don't mess with Paraguay
Jun 17th, 2014 - 06:16 pm - Link - Report abuse 0
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Briton
Apparently with help , the first step in getting Paraguay's access to the open seas,
all we have to do now, is dig a 500 mile canal through what was argentine territory to the sea,
they have no complains , its called proximity...lol
Jun 17th, 2014 - 06:33 pm - Link - Report abuse 0
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ilsen
is following this story.
Jun 17th, 2014 - 09:31 pm - Link - Report abuse 0
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redp0ll
@5 Briton, how about this for the proximity argument. Argentina has a colony entirely surrounded by Uruguayan international waters known as the Isla Martin Garcia now physically connected by a sandbar to an Uruguayan Island.
By treaty this island was supposed to be a sanctuary for wildlife.
Argentina then used it as a prison,to whit to incarcerate the last female president , one Isabel Martinez de Peron.
Argentina never complies with treaties or agreements she signs
Vicenza criolla and they think it's hilarious.
Jun 18th, 2014 - 01:10 am - Link - Report abuse 0
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Briton
I agree,
she wants everything she cannot have..
Jun 18th, 2014 - 12:32 pm - Link - Report abuse 0
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