The Falkland Islands government would claim 9% royalty on one barrel of oil, plus 26% corporation tax on profit, confirmed Member of Legislative Assembly Roger Edwards this week. Read full article
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!
But the oil is coming from the Argentine continental shelf!Sep 30th, 2016 - 09:09 am - Link - Report abuse +1
And the argies could have had some of that if Bug-eye Kirchner hadn't thrown a hissy fit!Sep 30th, 2016 - 11:06 am - Link - Report abuse +1
And the price of oil is once more rising Oh happy days for themSep 30th, 2016 - 11:40 am - Link - Report abuse +1
40 bucks? hmmm not bad. Go for more than the 9% though islanders, don't give up your assets too cheaply.......Sep 30th, 2016 - 03:08 pm - Link - Report abuse +1
And what do you think about all this, oh perfidious Think?Sep 30th, 2016 - 08:39 pm - Link - Report abuse +1
You won't get even one Shekel because of cranky Nestor.
You could have had a nice little nest egg for your declining years……snigger.
Not your oil, so you get no money.
Just think how this news will further stress the already over-extended Argentine mental health care services.Oct 01st, 2016 - 03:20 am - Link - Report abuse +1
After all these years of talk about oil in the Falklands,Oct 01st, 2016 - 02:36 pm - Link - Report abuse -1
has one cup of crude been produced?
has one cup of crude been produced?Oct 01st, 2016 - 04:16 pm - Link - Report abuse +1
Has one submarine-launched cruise missile been launched on Córdoba?
Several oil and gas discoveries were noted from drilling more then 15 years ago. However, it makes no sense to enter an oil production phase when the market is low and will be low for the foreseeable future. It does, however, make sense to confirm available reserves and do exploratory drilling and mapping.
At 8 correct, - I knew some of the guys who were drilling there in 1997, they were told to keep quiet about the logging results at the time. (as they were good)Oct 01st, 2016 - 10:08 pm - Link - Report abuse +1
Good news then Marti?Oct 02nd, 2016 - 01:32 am - Link - Report abuse +1
@8Oct 02nd, 2016 - 08:32 am - Link - Report abuse +1
Go to Rockhopper website and you will see that Premier oil ( the operator ) has signed many contracts to secure first oil ( probably in 2019 ) Obviously these projects take time to plan and execute.