Premier Oil currently drafting a Project Proposal for oil production in the Falklands

Tuesday, August 23rd 2016 - 06:37 UTC

Full article 9 comments

The commercialisation of the Sea Lion Oil Field off the Falkland Island’s continues to take steps forward as Premier Oil prepares a detailed project proposal to be submitted to the Falkland Island’s Government (FIG). Premier Oil has been undertaking public consultations in the Falklands over the past week as part of their Environmental Impact Assessment, which will support their application to FIG to proceed with oil development. Read full article

Comments

Disclaimer & comment rules

Think
Article says...:
“Shares in Premier Oil currently stand at 73.56GBX on the London Stock Exchange...”

I say...:
Shares in Premier Oil currently stand at 0.7356 GBX on the AIM London Stock Exchange..

...Just a a “little” difference of 10,000 %...
Chuckle, chuckle...
Aug 23rd, 2016 - 08:47 am - 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.'254 (British Drilling For Falklands Oil Threatens Argentine Relations, Pope, F. , 13 Feb 2010 and Potential Drilling off Falkland, Provokes Tension Between Argentina & UK, IRRU News, 17 Feb 2010.)

Ha ha ha

The truth is out there: https://www.academia.edu/17799157/Falklands_-_Some_Relevant_International_Law
Aug 23rd, 2016 - 08:56 am - Link - Report abuse 0
-+
Lord Loon
Chuckle chuckle ... try Googling the difference between GBP and GBX and you would find the article is in fact correct and you are not.

Not that there is anything new in that. Idiot.
Aug 23rd, 2016 - 09:22 am - Link - Report abuse 0
-+
Think
(30) Lord Loon

Thank you for teaching an old & humble Patagonian Social democrat like me some of the intrinsicalities of the Stock Market...

GBX it is, indeed...

Thinking people never cease to learn ;-)

By the way.... I see that PMO shares have fallen 2,5% to 71.82 GBX
today...

Must be the good news about the umpteenth postponement of first Malvinas oil to 2020 this time...

Chuckle, cuckle, chuckle...
Aug 23rd, 2016 - 09:44 am - Link - Report abuse 0
-+
Roger Lorton
The years pass too quickly. 2020 does not seem so far away.
Aug 23rd, 2016 - 11:14 am - Link - Report abuse 0
-+
The Voice
Stink is always on about the shares. One can only presume he bought a pup?
Aug 23rd, 2016 - 11:20 am - Link - Report abuse 0
-+
ChrisR
But still no role for the thieves of The Dark Country.
Aug 23rd, 2016 - 02:02 pm - Link - Report abuse 0
-+
Devonian
Went to a talk on this subject in Stanley yesterday evening. It would appear that extraction of oil becomes viable once the oil price reaches $45 a barrel and that the oil industry is expecting oil prices to move upwards in the next few years. The oil has been under the sea for millions of years - so what is another 3 or 4 years in the overall scheme of things?
Aug 23rd, 2016 - 05:24 pm - Link - Report abuse 0
-+
Briton
Perhaps the richer and wealthier the Falkland's becomes,

the more barrels of oil it produces in the future, the bigger the danger of conflict,

perhaps the British government should make the islands impregnable
against future argentine aggression and EU interference, seeing as they may become the worlds new buddies,
just an honest thought.
Aug 23rd, 2016 - 07:13 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!