MercoPress. South Atlantic News Agency
Falklands pricing for valuation of hydrocarbons will follow Norwegian model
The Falkland Islands has an oil legislation regime that is robust and encourages investment, believes Financial Secretary Nicola Granger. Details of a law firm’s report to the Falkland Islands Government (FIG) on tax legislation in relation to the oil and gas industry, and recommendations to Government by Ms Granger, were released to the public this week in a paper that outlines the report from Freshfields Bruckhaus Deringer LLP. Read full article
Comments
Disclaimer & comment rulesIn a couple of years the Falklanders will be able to spend a couple of quid on a few million pesos and post selfies of themselves in a bath full of cash.
Aug 19th, 2014 - 09:33 am - Link - Report abuse 0what do you mean in a couple of years
Aug 19th, 2014 - 10:02 am - Link - Report abuse 0They can do that now without the oil money
They can also take photos of the shelves stacked with basics like toilet rolls and bread, something some argentines can do either
Is that screaming I hear from Casa Rosada?
Aug 19th, 2014 - 10:59 am - Link - Report abuse 0Ha, ha, ha.
Argentina would do well to consult the FIG for advice on how to run TDC.
Comment removed by the editor.
Aug 19th, 2014 - 11:37 am - Link - Report abuse 0Maximo overheard talking to Christina.
Aug 19th, 2014 - 11:42 am - Link - Report abuse 0What's that thing on legs mommy?
It's called an oil rig.
I wants one mommy, I wants one.
So do I Maximo, so do I!!!!!
“ the Falkland Islands Government believe that the legislation amendments outlined in this paper will ensure a robust regime that encourages investment.”
Aug 19th, 2014 - 12:55 pm - Link - Report abuse 0to encourage investment in hydrocarbon industry, the first thing you need is....COMMERCIAL OIL, you dimwits.
and that is exactly what the islets do not have.
@6. You know, there was a time when you posted moderately intelligible comments. Not sensible or intelligent, but intelligible.
Aug 19th, 2014 - 01:01 pm - Link - Report abuse 0Now you're down to abuse and lies like a typical argie.
It must be sad to be so desperate.
So that you can keep up, let me tell you that the “CrimConspiracy” is holding a press conference on “ICJ action against the US” that won't be happening.
And “drug-trafficking has advanced” in argieland, largely because argieland is a criminal state.
Meanwhile, argieland's inflation rate is 40%. And, next year, argie “growth” will be negative. That's “get smaller”.
@1 Idle, I'm not sure if that's going to work. I mean sooner or later the value of the paper that a two peso note is made of will exceed the face value, especially if the Venezuelan toilet paper crisis repeats itself.
Aug 19th, 2014 - 01:43 pm - Link - Report abuse 0Comment removed by the editor.
Aug 19th, 2014 - 02:58 pm - Link - Report abuse 0Comment removed by the editor.
Aug 19th, 2014 - 05:02 pm - Link - Report abuse 0Commercial oil....hmm.
Aug 19th, 2014 - 05:31 pm - Link - Report abuse 0lets see:
350 million barrels proven
probably 150-300mmbs to be proven in the next round of appraisals with the satelitte discoveries of Sealion
All in shallow water 500m
All flows to the surface at 9000bpd from a single vertical well
Tensioner Leg platform requires no massive onshore logistical support beyond the capabilities of the islands
Trades at +/- $5 versus Brent crude.
Totally commercial, in fact massively attractive at the Falklands tax rate of 26% and will be flowing within 4 years.
oh dear paulcedron.....looks like you havent a clue what you are talking about...but lets try some maths.
500 million barrels at $100 per barrel is $50 billion asset.
Cost to extract 5bn up front and maybe 1/2bn per year for 20 years
leaves $35 Billion profit.
Tax payable $9billion
Number of islanders $3000
Income per islander $3million or $150,000 per year per islander
LOL LOL LOL LOL LOL!
Islets...Hahahahahahahahaha
UNCLOS
Aug 19th, 2014 - 06:21 pm - Link - Report abuse 0Article 29 of the Vienna Convention Law of Treaties, 'a treaty is binding upon each party in respect of its entire territory.'
It matters not, what the islanders have,
Aug 19th, 2014 - 06:50 pm - Link - Report abuse 0they will always have 50 times more than you argies will ever have...lol
Comment removed by the editor.
Aug 19th, 2014 - 10:01 pm - Link - Report abuse 0Comment removed by the editor.
Aug 20th, 2014 - 03:22 am - Link - Report abuse 0Interesting to remember that Argentina has been threatening to take Falkland/UK oil companies to the ICJ since February 2010. Why is it taking soooooo l o n g ? Chuckle chuckle.
Aug 20th, 2014 - 03:55 am - Link - Report abuse 0CFK is such a bad poker player, every play is a bluff and everyone knows it.
Aug 20th, 2014 - 09:42 am - Link - Report abuse 0Whats the matter, paulcedron?
Aug 20th, 2014 - 12:39 pm - Link - Report abuse 0Eyes blinded by tears?
Argentina could have shared in this wealth but your stupid ex-president, Nestor,
couldn't get his own way & wanted it all so the idiot TORE UP the agreement.
Now you get nothing.
That wasn't very smart of Nestor, don't you think?
Ah well, paul, thems the breaks.
Get used to it.
Comment not removed by the editor.
Aug 20th, 2014 - 01:04 pm - Link - Report abuse 0what´s the matter, isolda?
Aug 20th, 2014 - 03:07 pm - Link - Report abuse 0i know a lot better than you the kind of stupid the kirchners are.
and please don´t start again with that thing of the wealth of the islets and blablabla.
if you were so wealthy, you would have at least a magnetic resonator, or a ct scanner.
now you are getting boring.
bye
@20
Aug 20th, 2014 - 04:29 pm - Link - Report abuse 0And so are you , just jog on.
#20
Aug 20th, 2014 - 07:42 pm - Link - Report abuse 0I told you before it's not a “magnetic resonator” - the device isn't a resonator. What you're looking for is a Nuclear Magnetic Resonance Imaging unit/machine.
Japan has by far has the most NMRI units per capita at 43.1 per million. The OECD average is 12.2. Put in context, if the Falklands had an NMRI unit that would correspond to ~300 per million. The population of the Falklands simply has no need for their own scanner - it would be incredibly wasteful when facilities are available only a short plane ride away.
Argentina has been threatening to take Falkland/UK to the ICJ since 2010. Why is it taking soooooo l o n g ?
Aug 20th, 2014 - 07:45 pm - Link - Report abuse 0Apparently they cant afford it now...lol
@ 20 Polly
Aug 20th, 2014 - 09:57 pm - Link - Report abuse 0So do tell, how many Nuclear Magnetic Resonance Imaging machine(s) does TDC have?
AND, more importantly if you have any, HOW MANY ARE WORKING?
Not being in the OECD (even though Colombia will be soon) we can't see any argie stats on it, argies aren't in advanced society clubs like the OECD.
christina
Aug 20th, 2014 - 10:15 pm - Link - Report abuse 0how many nmri we have?
a f*cking lot.
at least 2000 ct scanners and 500 magnetic resonators.
that´s because healthcare and education are a priority here.
unlike the islets...
You're not very bright are you Paul? Also you need to work on your punctuation, your lack of capitals gives me a headache.
Aug 21st, 2014 - 02:07 am - Link - Report abuse 026
Aug 21st, 2014 - 02:17 am - Link - Report abuse 0says the guy who writes “You're not very bright are you Paul?”
it is ”You're not very bright, (comma) are you Paul?”
you need to work on your punctuation.
you are not too bright, are you connor?
I miss one comma while you forget 90% of your capitals and you think you have a come back? Right.
Aug 21st, 2014 - 03:28 am - Link - Report abuse 0The arguments made are valid as the people on the 'islets,' as you call them have a higher quality of life then the average Argie, reducing the need for an expensive CT Scanner which is just a short flight away.
Oh and for your information its Conor not “connor.”
Good night
if you want to appear as an intelligent guy, try not to commit so many mistakes.
Aug 21st, 2014 - 03:50 am - Link - Report abuse 0otherwise you look like a nabo.
#25
Aug 21st, 2014 - 09:16 am - Link - Report abuse 0THEY ARE NOT MAGNETIC RESONATORS.
Unless you have a reference, I don't believe you 500 NMRI machines and 2000 CT scanners. However, even if that's true, if the Falklands had one, they would have 30 times more per capita than Argentina.
“that´s because healthcare and education are a priority here.
unlike the islets...”
As I've mentioned before the Islanders, presumably if they are good enough, get free Further and Higher education paid for by FIG in the UK. The UK has the best Universities outside the US... so... um...
The best University in Argentina is ranked 151-200 in the world with the second best not even in the top 500.
The only education that seems to be a priority in Argentina are the lies told to your entire population about the Falklands and how they were stolen from you by the evil empire 200 years ago.
“blablabla...the Falklands and how they were stolen from you by the evil empire 200 years ago.”
Aug 21st, 2014 - 12:23 pm - Link - Report abuse 0agree with that.
the islets were in fact stolen by the evil british empire 180 years ago.
you are improving...well done.
#31
Aug 21st, 2014 - 12:40 pm - Link - Report abuse 0Still longer ago than your country stole most of Patagonia and a nice big swathe of Paraguay.
P.S. was this message short enough for you, I've noticed you have problems when there are too many words.
32
Aug 21st, 2014 - 03:58 pm - Link - Report abuse 0no.
the problem is with your long, ultra boring posts.
it seems synthesis is not one of your attributes, no?
@25
Aug 21st, 2014 - 09:42 pm - Link - Report abuse 0“that´s because healthcare and education are a priority here.
unlike the islets...”
The standard of Education in the Islands far exceeds Argentina's. Islanders don't need their own Universities-FIG pays for them to go to UK Universities-imagine how retarded they would be if they had to attend Argentine Indoctrischool or what Argentina laughingly calls Universities?
The Islanders don't need a scanner-they visit Chile to use one.
They also don't need to buy their own Eurofighters, we taxpayers help them with that gladly but we're considering sending the Battle of Britain memorial flight as it's already seen off one bunch of fascists and they'd see off your rustbuckets.
imbecile 34
Aug 21st, 2014 - 10:07 pm - Link - Report abuse 0so, if you have a stroke, brain tumor, internal bleeding, etc., you need to go to...chile for being diagnosed.
and you think that´s ok...que pelotudo
#32
Aug 22nd, 2014 - 07:56 am - Link - Report abuse 0Hahaha... at least my posts aren't just a collection of pathetic insults repeated, but an actual reply to the lies you spout.
I kind of feel sorry for you, you seem to be so desperate for the Falklands. Do you honestly believe your government even wants them? It's pretty clear that they just use the “Malvinas” issue the same way your Junta did. If they really wanted them (and believed their own propaganda) they would have gone to the ICJ.
@36 inthegutter,
Aug 22nd, 2014 - 10:51 am - Link - Report abuse 0l realise now that its no use talking to paulcedron.
He's either a troll or a blithering idiot.
l'll go with the idiot.
#37
Aug 22nd, 2014 - 12:54 pm - Link - Report abuse 0I agree, but it is kind of fun proving him/her wrong in every post. I should probably get back to work though.
nabos isolda and inthegutter.
Aug 22nd, 2014 - 01:51 pm - Link - Report abuse 0insults is all you have.
you don't deserve any kind of response, you pair of nabos tristes.
#39
Aug 22nd, 2014 - 03:07 pm - Link - Report abuse 0I think you're describing your own posts. In virtually all of mine I have demonstrated how you continuously lie and misrepresent the truth.
Go back to frothing over your “Malvinas” fantasy and let the grown ups talk.
“so, if you have a stroke, brain tumor, internal bleeding, etc., you need to go to...chile for being diagnosed.”
Aug 22nd, 2014 - 03:20 pm - Link - Report abuse 0If you had a brain tumor you would be sent to the UK or Chile for treatment but the dignosis would be done by the local doctors. There's not much point in having treatment facilities that'll end up becoming storage cupboards because they haven't been used for 5 years.
I know I shouldn't respond to Paul as his default setting is deliberatly obtuse (I hope).
Comment removed by the editor.
Aug 22nd, 2014 - 05:08 pm - Link - Report abuse 042 imbecile christina
Aug 22nd, 2014 - 07:21 pm - Link - Report abuse 0you are too old cristina.
you can´t even hold a 9mm.
with those trembling hands you could not hit the target, even if it were an elephant.
@ 43 Polly
Aug 22nd, 2014 - 09:41 pm - Link - Report abuse 0Frightened your feathers and made them ruffle enough to have my post pulled!!
What a brave Polly you are!
Ha, ha, ha.
44 cristina
Aug 23rd, 2014 - 02:56 pm - Link - Report abuse 0you have to understand you are just an old fart.
an old fart with the mentality of a child.
so, you can't scare anybody.
now it is a bit disappointing that you are another pathetic keyboard warrior, like the imbecile conqueror.
it seems it is a genetic problem, no doubts
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!