Falklands would claim 9% oil royalty per barrel plus 26% profit corporation tax

Friday, September 30th 2016 - 07:54 UTC

Full article 11 comments

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

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Brit Bob
But the oil is coming from the Argentine continental shelf!

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

Ho ho
Sep 30th, 2016 - 09:09 am - Link - Report abuse +1
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ChrisR
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
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The Major
And the price of oil is once more rising Oh happy days for them
Sep 30th, 2016 - 11:40 am - Link - Report abuse +1
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EscoSes Doido
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
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lsolde
And what do you “think” about all this, oh perfidious Think?
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.
Sep 30th, 2016 - 08:39 pm - Link - Report abuse +1
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Marti Llazo
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
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bushpilot
After all these years of talk about oil in the Falklands,

has one cup of crude been produced?
Oct 01st, 2016 - 02:36 pm - Link - Report abuse -1
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Marti Llazo
“has one cup of crude been produced?”

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.
Oct 01st, 2016 - 04:16 pm - Link - Report abuse +1
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EscoSes Doido
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
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Roger Lorton
Good news then Marti?

http://www.cnbc.com/2016/09/30/oil-is-testing-50-and-may-yet-scale-to-60-rbcs-croft.html
Oct 02nd, 2016 - 01:32 am - Link - Report abuse +1
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golfcronie
@8
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.
Oct 02nd, 2016 - 08:32 am - Link - Report abuse +1
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