MercoPress. South Atlantic News Agency
YPF strikes shale gas in Vaca Muerta; initial production 43.000 m3day
Argentina's government managed energy company YPF said on Sunday that it turned up a new promising shale gas deposit in its giant Vaca Muerta field in the south of the country.The find, in the Patagonian province of Neuquen, suggests there is likely much more gas in the vast but barely tapped Vaca Muerta field, YPF said. Read full article
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Disclaimer & comment rulesWell done Argentina, only need US$ 200 billion investment to make it work. Let us ( FALKLANDERS ) know when you will be self sufficient in energy so you can then stop banging on about the oil in the FALKLANDS.
Jun 08th, 2015 - 08:55 am - Link - Report abuse 0Yep the haters are up early this morning.
Jun 08th, 2015 - 09:11 am - Link - Report abuse 0Must be still dark there in that windy Island of Seagull shit.
@2
Jun 08th, 2015 - 01:49 pm - Link - Report abuse 0Pray please tell where I have ever said I hated anyone or let alone a Country. I lived in Argentina for many years and found the “ normal ” Argie very friendly, but have to add I show no repect for your so called government.
@2 Klingon
Jun 08th, 2015 - 03:16 pm - Link - Report abuse 0And yet you and your pathetic country are desperate to get those windy islands.
Why?
Because you actually believe all the crap that successive governments have trotted out over the years. You actually believe that IF just IF you could gain sovereignty of the Falkland Islands then ALL of your PROBLEMS would just MAGICALLY disappear.
Well they wouldn't. Even if Argentina somehow got it's thieving mitts on the FIs, you would still be a failure with all same problems. Of course then YOUR government would then start banging on about how Uruguay is actually a rebellious Argentine province, and IF just IF it was brought back into the fold then ALL of your PROBLEMS would MAGICALLY disappear.
And then they'd turn to Chile, then Brazil, then Paraguay, then Bolivia, then the rest of South America.
Face it your country was built upon lies. You refuse to face up to reality, and then when reality slaps you in the face (like in did on 14 June 1982), you cry 'not fair' and go sulk in a corner.
But if this shale gas strike is profitable great. But knowing how your country works I doubt any of the money will go to make improvements, it'll all just end up in various corrupt officials off-shore bank accounts, and your schools will still be crumbling, as will your infrastructure, and you'll still have rolling blackouts and have to import fuel.
In short it won't make any difference until you tackle the corruption that is at every level of your society. But you won't, and your country will continue to devolve, until it resembles Somalia.
The private equity in YPF didn't seem that upset when its shares were confiscated.
Jun 08th, 2015 - 03:29 pm - Link - Report abuse 0What do they know that we don't.
LOL.
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#1 with a score of 5393!
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#54 with a score of .52!
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#1 with 73%!
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#107 with a 34 score!
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Reeeekie writes: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
5.
Jun 08th, 2015 - 03:34 pm - Link - Report abuse 0Actually they did at the time and Spain and Argentina almost broke relations over REPSOL-YPF.
The problem is that YPF will probably go bankrupt with the whole Argentine State before they get the investments they need to make VM viable and profitable.
6. No, they didn't.
Jun 08th, 2015 - 03:44 pm - Link - Report abuse 0Their protestations were only perfunctory at best.
And much of the intervention was undertaken at the behest of third parties.
@4 Holy crap what a rambling post.
Jun 08th, 2015 - 04:06 pm - Link - Report abuse 0I guess you need something to fill in the time in between rounds of soggy biscuit at the Stanley pub.
Not exactly. What you should have said is that REPSOL from day one wanted its $$$ worth of the confiscations. Not that they actually see in VM the money maker that the Ks claim it to be.
Jun 08th, 2015 - 04:10 pm - Link - Report abuse 0Brufau REPSOL's CEO was someone that would make Ghaddafis energy minister wake up 3 am and wait for him in Tripoli. He is a player and knows his bussines and knows how to deal with these sort of governments.
In front was Axel Kicillof and CFK. All said.
One year of threats to take to court whoever did business with YPF made the Arg government close its eyes and agree to whatever Brufau made them pay (10 Bn U$S.
Of course poor little Axel went back to BsAs and claim that Brufau demanded 20 Bn U$S, hmmm not so.
Speaking of soggy biscuit:
Jun 08th, 2015 - 04:15 pm - Link - Report abuse 0What is up with the rotting roadkillians' inordinate fascination with media lunas?
Never seen a rotting roadkillian order one in Miami. lol.
Has anyone ever had even a fair cup of coffee in rotting roadkill?
I note its gas rather than oil.
Jun 08th, 2015 - 06:05 pm - Link - Report abuse 0Just pleased that FOGL has struck black gold twice in the last 12 weeks.
Humpback next, let's hope for a hat trick.
@8 Klingon
Jun 08th, 2015 - 06:21 pm - Link - Report abuse 0You sound upset about something? Is it hearing the truth? Is it hearing that no matter how much gas is recovered from Vaca Muerta that you and the rest of the mere mortals in Argentina will never see one cent of it? Are you upset because you know that your politicians will steal every single penny, and stuff all of it into off-shore bank accounts?
Yes they are really good reasons to be upset.
As for soggy biscuits, well my favourites are Rich Tea which I like to dunk in tea, but I would never eat them in a pub as I drink beer when I'm in pubs, and eat pork scratchings or crisps. Soggy biscuits are best eaten on a Sunday afternoon in front of the TV.
And don't scoff at soggy biscuits until you've tried them. It's a real art to be able to judge just how long you should dunk that biscuit for so it doesn't break off into your tea.
As for Stanley pub, I've never been there, nor have I ever been to the Falkland Islands, though I hope to one day visit on holiday, but I'm sure it's a nice friendly place.
Let's back up a bit.
Jun 08th, 2015 - 06:24 pm - Link - Report abuse 0Argentina had sold YPF to a Spain-based multinational company. For its own reasons, Repsol did not make investments to increase production as the Argentine government repeatedly requested in order to reduce energy products imports.
Seeing lack of response from Repsol, Argentina decided to take back control--51 per cent--of YPF and began seriously expanding production.
Looks like the CFK government did the right thing to me to protect the country's interests.
Don't see where all the negativity in several above postings comes from.
@ 13 KMPH
Jun 08th, 2015 - 07:10 pm - Link - Report abuse 0Yet another subject you either know nothing of or as usual you are lying. Consider the following:
“For its own reasons, Repsol did not make investments to increase production as the Argentine government repeatedly requested in order to reduce energy products imports.”
The TRUTH of the matter is that fuel was cheaper to buy on the open market and ship to TDC than win it in TDC, pay tax and other “charges” on it, battle the stupid fucking unions and the government so why on earth would Repsol bother?
Simple economics. And just look where robbing the company from Repsol has got TMBOA: NO real increase in output despite all the “support of the oil world”, as if; and TDC will be lucky to be able to buy fuel on the spot market this winter because nobody will deliver without payment up front and guess what: they are broke!
Do try not to lie so brazenly, nobody outside TDC falls for your bollocks.
The Kirchners did to YPF the same thing they did to every private company they set their sights on to steal. Through regulation, taxation and price controls they bankrupted the company then nationalized it “for the good of the people”. For YPF they strangled it through price controls at the pump, making it sell at a loss and making them distribute “excessive dividends” to cronies.
Jun 08th, 2015 - 07:21 pm - Link - Report abuse 0Typical Fascists.
Robbers
Filthy scumbags
Take your pick
@13. Oh, I agree. Let's back up. Let's start from 'Seeing lack of response from Repsol, Argentina decided to take back control--51 per cent--of YPF and began seriously expanding production.' Let's note that the joke argie 'constitution' makes it illegal for the argie state to expropriate anything without PRIOR agreed compensation. I wonder if it would have been legally appropriate for the argie state to enter into negotiations with the legal owner of the business? After some considerable time, the argie state decided to state the amount of compensation it was prepared to pay. That's not 'agreed', that's 'imposed'. Much like argieland wants to enter into 'negotiations' with the United Kingdom over 'its legitimate and non-prescribing sovereignty over the Malvinas, Georgias del Sur and Sandwich del Sur Islands and over the corresponding maritime and insular zones'. In other words, let's 'negotiate' how your sovereign territory will become our sovereign territory. As of 2012, there are 2,932 problems with that. It's why it won't happen.
Jun 08th, 2015 - 07:45 pm - Link - Report abuse 0Back to the beginning. Do you understand the term 'theft'? Take away someone's company and decide later on the compensation whether they agree or not. How is that not 'theft'? Take away someone's land, their home, their 'right' to be governed in accordance with laws that they understand operated by people who speak the same language. What's that if not 'theft'? Even living in Canada, you still don't get how medieval you argies are. How about a deal? Even though you're in Canada, let's try you for some offence using argie law. With judges required to use the argie mindset. Perhaps we could have you judged by a 10-year old!
And just for review:
Jun 08th, 2015 - 09:25 pm - Link - Report abuse 0Reeeekie writes: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
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# 4 with a score of 22!
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
#104 with a score of 3.8!
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
#1 with a score of 5393!
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
#54 with a score of .52!
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
#1 with 73%!
http://en.mercopress.com/2015/05/15/cristina-fernandez-comes-out-strongly-in-defense-of-minister-kicillof
#107 with a 34 score!
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Chronic
Jun 08th, 2015 - 10:35 pm - Link - Report abuse 0Your such a wad of used toilet paper!
Stop clogging up this board with your imaginary BS.
Even as much as I dislike Reekie, he doesn't keep posting the same shit over and over.
Time to move on old man.
The Capitalist system was an utter an complete failure in Argentina.
Jun 08th, 2015 - 10:38 pm - Link - Report abuse 0It may work in the rest of the world but we have different values here. We won't repeat that mistake again. Argentina is never again going to return to the “debt markets”, to be control by evil bankers.
18. Amen
Jun 09th, 2015 - 02:15 am - Link - Report abuse 0@19
Jun 09th, 2015 - 06:49 am - Link - Report abuse 0Of course you wont, you would prefer to mortgage your country to the likes of Russia and China. I hope you turn your country around but I hasten to add, you really must get rid of all the corruption that is so crippling the Latam countries.
19. Capitalism got Argentina to the richest 5 countries in the world, then Peronism brought you slowly but surely down to the bottom. You're not quite at the bottom yet but Arg is the only country in the world that has been moving down the chart for 3 generations. There's nothing that will ever change that.
Jun 09th, 2015 - 11:28 am - Link - Report abuse 0Every year, every decade, every generation getting poorer and dumber than the one before.
I pity the smart ambitious Arg that are stuck there.
18/20
Jun 09th, 2015 - 12:33 pm - Link - Report abuse 0The truth hurts, huh?
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# 4 with a score of 22!
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#104 with a score of 3.8!
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
#1 with a score of 5393!
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
#54 with a score of .52!
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
#1 with 73%!
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
#107 with a 34 score!
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
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Reeeekie writes: “Here It is, all the issues of a nation of forty-some million people explained in just seven words. We are all liars.”
https://www.wto.org/english/tratop_e/dispu_e/dispu_by_country_e.htm#respondent
I can see a lot of consideration for poor Repsol here. I suspect the sell out of YPF by Menem did not cause a raised eyebrow a few years ago.
Jun 09th, 2015 - 05:55 pm - Link - Report abuse 0For those who are still worrying about the legal intricacies of Argentina's retake of 51 per cent of the company, I have just two words: Public Interest.
The sad story of YPF for the past quarter of a century has been of corruption, theft, mismanagement, negligence and tragedy. The proverbial golden goose that was cut in half. PEMEX, PDVSA, PETROBRAS... all are infamous examples of thievery in unimaginable amounts. When the trolls mention “public interest” what they truly mean is “ulterior motive”....
Jun 09th, 2015 - 06:20 pm - Link - Report abuse 0May the Pope forgive the whore who unashamedly steals from the “nearly nonexistent” poor of Argentina.
18
Jun 10th, 2015 - 12:34 am - Link - Report abuse 0Hear, hear....report him for spamming...
I think he's touched...it's just chronic...
25 Chicureo
Jun 10th, 2015 - 07:40 pm - Link - Report abuse 0Oh yeah. What about the sell out of YPF at bargain basement prices? That was organized stealing that directed the existing wealth directly to the pockets of private investors. What about HSBC?
Oh no. Corruption is only the state one. There cannot be corporate or individual corruption! When stealing at those levels occur, it's called business opportunities.
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