Desire Petroleum (AIM:DES), one of the Falkland Islands oil exploration companies announced Friday it had successfully placed 16,294,600 shares at 140 pence each raising £22.8 million before expenses.
Rockhopper Exploration said that during the testing of its Sea Lion well in the Falkland Islands, problems limited the amount of oil extracted to just an average of 2000 barrels per day (bopd). Otherwise, it could have produced sustained rates of at least double that, at 4000 bopd, “without these constraints”.
Addressing the United Nations General Assembly on Friday, President Cristina Fernandez de Kirchner criticized the British government for continuing to ignore Argentina's request for sovereignty talks over the Falklands/Malvinas Islands.
Uruguayan president Jose Mujica marked distance from Argentina’s Cristina Kirchner and said that denying clearance to a Falkland Islands bound British destroyer to call in Montevideo was based on previous decisions on the issue and “not in a defence of interests against the UK”, reports the local daily Ultima Noticias.
DUE to planned port developments in the Falkland Islands, fishery executives there appear unworried by Argentina’s most recent attempt to interfere in their fishing industry.
Britain's Royal Air Force has modified the ejection seat harnesses on its Eurofighter Typhoon combat aircraft following a fatal accident in Spain, the Ministry of Defense said Monday.
A Spanish flagged trawler that operates in Falkland Islands waters and was heading to Montevideo to unload 700 tons of fish was denied “innocent pass” through Argentine waters and had to steam an additional 17 hours at a cost of 7.000 litres of fuel.
HMS Gloucester, the Royal Navy South Atlantic patrol was banned from entering Montevideo for supplies and fuel, just a few hours before docking and in spite of having been authorized several days before to call in at Uruguay’s capital port.
Argentine President Cristina Fernández de Kirchner is expected in New York Wednesday to meet an intensive agenda that includes addressing the UN General Assembly next Friday when a strong call for Falklands/Malvinas negotiations is expected.
Rockhopper Exploration (RKH.L) said it believed its oil discovery offshore the Falklands Islands will be commercially viable. A test at the Sea Lion 1 well in the North Falkland basin produced sustained rates of over 2,000 barrels of oil per day, in line with its hopes, Rockhopper said in a statement on Friday.