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Falklands' southeast exploratory well has found 'oil and gas shows', says FOGL

Saturday, October 17th 2015 - 06:54 UTC
Full article 35 comments

Exploring group Falkland Oil and Gas Ltd. said on Friday the Humpback 53/02-01 exploration well to the southeast of the Falkland Islands has found oil and gas shows, while wire-line logging indicates there are hydrocarbons bearing sandstones within the main target area. Read full article

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  • gordo1

    @paulccedron/cara de orto podrido/idiot child

    So what do you think of that? Another one in the eye of Argentina!

    Oct 17th, 2015 - 08:54 am - Link - Report abuse 0
  • Brit Bob

    And all Argentina can do about it is to make idle threats.

    Chuckle chuckle

    https://www.academia.edu/10574593/Falklands_Islands_Territorial_Waters

    Oct 17th, 2015 - 10:13 am - Link - Report abuse 0
  • Think

    Wooooooooooooow...
    How wonderful news this is...
    And how did the Market react to this news ...?
    FOGL shares down yesterday -11,46%..., that's how...
    http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/FK00B030JM18GBGBXAMSM.html

    And what do some of the most loyal FOGL Engrish investors “Think” about them yesterday's news...?...:

    “I agree, the FOGL RNS looks like an uncommercial 'sniff' of oil. I have never seen a company drill on from something they think is commercial, its too big a risk as they could lose the well entirely if they hit pressure or something else further down” (Livic1971)

    “ FOGL are short on cash and still spending large drilling more dust.
    IMO they will get swallowed up or heavily diluted in the next round of deals as the NFB moves forward and the SFB is mothballed for a decade.” (CroftOriginal)

    “The problem is that I read phrases like ”Time will tell“ and ”Good things come to those who wait“ quite a lot on the RKH and FOGL boards.
    And all I can think about when I read such things is the old adage: ”In the long run, we're all dead.“
    I invested when I was 40. I'm now 45 and sitting on a 70% loss. I'd like a return before I'm dead” (TheGreaterFool)
    http://www.londonstockexchange.com/exchange/prices-and-markets/stocks/summary/company-summary/FK00B030JM18GBGBXAMSM.html

    Chuckle chuckle...

    Oct 17th, 2015 - 10:53 am - Link - Report abuse 0
  • Pete Bog

    Wait for the latest decree from an Argentine court...impounding oil company's assets, arrest warrants for oil execs, pirates, clandestine operations, etc etc yawnnnnnn.

    Oct 17th, 2015 - 12:49 pm - Link - Report abuse 0
  • Brit Bob

    Regarding Falklands oil exploration, Argentine Foreign Minister Jorge Taiana stated in February 2010, that his Government would take 'all measures necessary to preserve our rights' and also reiterated that Argentina had a 'permanent claim' on the islands, saying 'Buenos Aires would complain to the UN over the oil project and might take the case to the International Courts of Justice in the Hague.'

    Yawn

    Oct 17th, 2015 - 01:41 pm - Link - Report abuse 0
  • Englander

    Not looking good and as all Argies know them Yankee/Brit oil discoverers can always be trusted to tell the truth, the whole truth and nothing but the truth.

    Oct 17th, 2015 - 07:31 pm - Link - Report abuse 0
  • The Voice

    Hi Think! How are the incontinence pants working out?
    https://youtu.be/zDhETFcgWTE

    Bahahahaha...

    Oct 17th, 2015 - 08:03 pm - Link - Report abuse 0
  • Islander1

    Think - I can see where you are coming from in a way - but - don't forget, as Englander says - UK and US Companies can be trusted to tell the TRUTH - hence they are hedging their bets as at this stage they are not sure what they have found - maybe just traces of no value - maybe a bigger lot - or maybe not a lot but maybe all indications that they are nearby and in the area of a bigger lot.
    Lets just wait and see what is to the south. But hang onto your shares - oil will go up again sometime - and when it does the now enlarged SeaLion Field WILL be developed.- but not while oil is bobbing about at $40-50 a barrel!

    Oct 17th, 2015 - 10:36 pm - Link - Report abuse 0
  • ChrisR

    @ 3 LUNATIC

    You are back again! The wooden stake come out of your chest I see?

    But as usual you are the dampener on the party! Problem is of course that TDC and TMBOA cannot do a damn thing about the Falklands other than to scream her head off and threaten arrests outside of her jurisdiction.

    Oh, I do so love your apoplectic little rants.

    Now piss off for another few months or better still croak and give us all a laugh.

    Oct 18th, 2015 - 11:16 am - Link - Report abuse 0
  • Conqueror

    @3. You've really lost it, haven't you? All I see in your comments is envy and jealousy. Not surprising really. How's Vaca Muerta coming along? It's always good to see a lamebrain pointing fingers whilst said lamebrain's own country is such a failure.

    Here's a quote from the industry.
    “Argentina has been a volatile market since World War I, and the government’s response generally has been to plug the holes, not deal with the source of the problems.
    Take the past decade. The economy recovered robustly from a 2001-2002 collapse, but when it slowed in 2011 the government didn’t trim spending. Nor has it fully settled a $100 billion default from 2001, keeping it locked out of international financial markets and driving it to a second default. The result is that it is hard to raise money for drilling in Argentina — and expensive. Borrowing costs run about twice that of neighboring Brazil.
    Add to the equation 30% inflation and capital controls that prevent companies from freely sending profits out of the country, and it is no wonder that the pace of investment is sluggish.”

    In other words, argieland is busy cutting its own throat. Happy days.

    Chuckle chuckle...

    I wonder whether the Falklands have considered a different economic model. Normal oil-producing countries pump it out and sell it. It's part of the country's normal income. And if the Falklands pumps it out and stores it? Ready to supply at a moment's notice, if the price is right.

    Oct 18th, 2015 - 12:19 pm - Link - Report abuse 0
  • Think

    TWIMC

    Turnip at (6) says...:
    “ Them Yankee/Brit oil discoverers can always be trusted to tell the truth, the whole truth and nothing but the truth”

    Kelper at (8) says...:
    “Don't forget, as Englander says - UK and US Companies can be trusted to tell the TRUTH”

    I say...:
    Anglo Oil Companies and their directives can be trusted to tell the truth?

    Well...:

    ”(Tounge in Cheek)...That may well be truth in the Great Wide World (Tounge in Cheek)“... ,
    But..., as far as I remember..., that's certainly not the case in them Engrish occupied windblown Malvinas Islands...
    Some six years ago ...:
    http://www.falklandnews.com/public/story.cfm?get=5293&source=3
    Some five years ago...:
    http://www.falklandnews.com/public/story.cfm?get=5293&source=3

    ”Para muestra basta un botón”
    El Think

    Oct 18th, 2015 - 02:23 pm - Link - Report abuse 0
  • Islander1

    Think - Where are you talking about? Malvinas I can understand as the Spanish bastardisation of the French name Malouines - but who are those people you claim as the occupiers? never heard of them?
    If you come here you will find that the Islands are occupied by a load of born ISLANDERS and others who have taken out residence status and or naturalised. never heard of the people you are on about though?
    As for Desire,s “find” - you will recall there was intense press/political interest - and someone announced “news” before anyone had actually checked it out - and Desire ended up red faced - and later on out of cash.
    If you had a bit of a brain you might have seen that that sort of scenario is being avoided by the oil companies today - also they are under a lot less media pressure.

    Oct 18th, 2015 - 02:50 pm - Link - Report abuse 0
  • Englander

    So...I guess.....if you can't draw any conclusions from said Yankee/Brit RNS......best policy would be not to get over excited and wait a few more weeks. Complex business this oil prospecting bizness and not something Hispanics have much practical experience unlike the Yankee/Brits.

    Oct 18th, 2015 - 03:19 pm - Link - Report abuse 0
  • Think

    (12) Islander1

    You never heard about them Engrish occupiers, you say ???

    Look after some little green men with an Union Jack sewn onto their sleeve...
    There are roughly some 1,500 of them in them windblown Islands...
    Roughly one for every squatting civilian Engrish Citizen...

    Now, you should be able to spot some...

    Oct 18th, 2015 - 03:24 pm - Link - Report abuse 0
  • Swede

    But why on earth are they there? To opress the civilians who long for the Argentines to come and liberate them?

    No. The only reason for this “massive” military presence is the memory of what happened back in 1982. And the absurd fact that the Argentina still claims the islands. In other BOTs this is not necessary, because they have decent neighbours. Argentina stands out.

    Oct 18th, 2015 - 03:59 pm - Link - Report abuse 0
  • The Voice

    Ladies crotch sniffer @14. Sounds to me like you have switched from crotches to glue!

    How are those incontinence pants working out?

    Oct 18th, 2015 - 04:02 pm - Link - Report abuse 0
  • Englander

    Absolutely right Swede, Mrs Think has a selective memory when it comes to occupation forces and the 10,000 plus little green Argys needed to oppress the locals for a few weeks. But as Mrs Think will confirm she never supported the Argy invasion and told those nasty Argy facists so at the time. Of course we only have her word for this and she is after all......Hispanic.

    Oct 18th, 2015 - 04:14 pm - Link - Report abuse 0
  • Think

    Appropriately named turnip at (15) says...:
    “The only reason for this “massive” military presence is the memory of what happened back in 1982. And the absurd fact that the Argentina still claims the islands. In other BOT's this is not necessary, because they have decent neighbours. Argentina stands out”

    I say....:
    Turnips..., educate yourself...
    There are, at present, 14 British Overseas Territories left in the World.
    Pathetic Colonial remnants of the once mighty and inglorious British Empire...

    Six of them with a total area of whopping 1,726,000 square km. are strongly disputed by their neighbours...

    The eight remaining British Overseas Territories, with a total area of mere 1,558 square km. Are not being territorialy disputed but are a constant cause of irritation to the UN, the OECD, and any decent tax paying citizen in the world as the uncooperative UK controlled Tax Havens they are...

    If anybody stands out here is undoubtedly the UK and its double standards...

    Oct 18th, 2015 - 05:30 pm - Link - Report abuse 0
  • Englander

    Wow......impressive. Perhaps we should expand it.
    But then Falkland Islands, South Georgia, South Sandwich Islands and British Antarctic territory make up about 1,700,000 sq km all on their own.
    Seems Argentina has an interest in nonsensical arguments and a speciality in breeding long winded moaners.

    Oct 18th, 2015 - 06:34 pm - Link - Report abuse 0
  • Briton

    Pathetic Colonial remnants
    Just a name, from a jealous neighbour whom wants their own colonies.

    Given the power, military, wealth, and ambition,

    Would not Argentina be claiming everything south of the Panama Canal?

    She needs to grow up, leave the islanders alone,
    And concentrating on her own failing collapsing economy.
    .

    Oct 18th, 2015 - 07:04 pm - Link - Report abuse 0
  • Englander

    Hey Mrs Think.......More info predicted 2nd November.
    Hope you can contain your excitement until then.
    Yankee/Brit oil discoverers not known for chucking dosh down the drain so intrigued if uncommercial, why they still want to drill down deep. Anyway not long to wait now.

    Oct 18th, 2015 - 07:49 pm - Link - Report abuse 0
  • FI_Frost

    @18

    Get on message Think: its Untermensch NOT Squatter; didn't your Nazi fugitive English professor teach you anything? Jees.

    Oct 18th, 2015 - 07:57 pm - Link - Report abuse 0
  • Islander1

    Think, Numbers arsed up old chap- there are about 1000 uniformed members of the British Armed Forces here , currently a few Ghurkhas among them as well - all part of the British Armed Forces in case you did not know.- never heard of the ones you still go on about though?
    Incidentally most are in RAF blue - not green anyway!
    Civilian population - which excludes all those on contract in support of the British Forces is 3000 round figures. Ok say 2 - 3 hundred are here on contract men women and families - all the others are permanent residents- islanders - by birth or citizenship.
    You really are off target with this mythical people you claim to be here.

    Oct 18th, 2015 - 09:30 pm - Link - Report abuse 0
  • Marcos Alejandro

    23 Islander1

    ” So out of date and thick to realise that there are still THREE British Isles national teams all through to the 1.4 finals:
    Wales
    Scotland
    Ireland (combined team from Eire an N.Ireland as the usually do in most sports)”
    Oooops no more :-))))

    Oct 18th, 2015 - 10:41 pm - Link - Report abuse 0
  • ilsen

    Nice to see that the Falkland Islanders will become richer than the whole of Argentina.
    lol

    Oct 19th, 2015 - 12:34 am - Link - Report abuse 0
  • Islander1

    24 - Marcos - and your relevance to the subject of this page is please?

    ps is the S.A,. Ref a relative of yours?

    Oct 19th, 2015 - 12:40 am - Link - Report abuse 0
  • Marcos Alejandro

    26 Islander1
    No, a disgrace.

    Oct 19th, 2015 - 02:59 am - Link - Report abuse 0
  • Islander1

    Marcos - there were 2 nail biting great matches to watch- which were right to the wire all 80 mins-all 4 of those teams would have been worthy semifinalists plus another where the flare and dominance of the AllBlacks was so evident, and the Pumas showed flare and skill in the other, outplaying Ireland in the end despite the Irish strong start.
    All in all- taking out that despicable S.A.Ref - a great weekend of top class rugby - sport at its best. Roll on the semifinals next weekend.

    Oct 19th, 2015 - 09:22 am - Link - Report abuse 0
  • Pete Bog

    @27
    Celebrate the sport, it is something that, (apart from the Olympics-especially their hockey team) Argentina excels in.

    But they'll never steal the Falklands off the Islanders :-)

    So enjoy the sport, that's your only good news.

    Oct 19th, 2015 - 10:33 am - Link - Report abuse 0
  • ezekielman

    Great news for the Falklands and from the whispers that always accompany exploration there could be quite a lot of positive news in the near future. All those people who have invested in FOGL will be keeping their fingers crossed. Meanwhile perhaps Corruptina Kirchner can send her fat son on a pedalo to stop the exploration.

    Oct 19th, 2015 - 04:01 pm - Link - Report abuse 0
  • Klingon

    Comment removed by the editor.

    Oct 19th, 2015 - 07:59 pm - Link - Report abuse 0
  • Clyde15

    #31
    Is that one of your “selfies” ?

    Oct 20th, 2015 - 09:24 am - Link - Report abuse 0
  • Andy65

    rumour as it 50% of the Argentine ladies rugby squad could be asking for political asylum any day now can you believe it?

    Oct 20th, 2015 - 04:15 pm - Link - Report abuse 0
  • Englander

    Rumours that CNOOC wants to partner FOGL to exploit huge oil and gas finds around Falklands Islands. Would be brilliant if true.

    Oct 22nd, 2015 - 07:58 am - Link - Report abuse 0
  • PepperJohn

    illegal operations, illegal activities... well, illegal settlement and implanted population. what can you expect out of this?

    Oct 23rd, 2015 - 04:35 pm - Link - Report abuse 0

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