Desire Petroleum Plc (AIM:DES) the oil and gas exploration company, wholly focused on the North Falkland Basin, wishes to provide a further drilling update on the Liz 14/19-1 Exploration well, where wireline operations are continuing.
LOCAL investors – reputedly one in ten of the population – saw the value of their oil shares plummet this week as Desire Petroleum confirmed media speculation that the first oil found by the Ocean Guardian rig was of poor quality.
Member of the Legislative Assembly Dick Sawle said the Falkland Islands have a lot of work and lobbying ahead to maintain the current level of support from British Parliament since almost half of MPs will be resigning at the coming General Election, which could take place next May.
Eight thousand miles from the United Kingdom in the Falkland Islands more than 150 soldiers from 1st Battalion The Yorkshire Regiment are preparing for war.
Shares in UK-Falklands Desire Petroleum slumped Monday as the company officially confirmed a disappointing result from the first drilling in its exploration campaign in the North Falkland Basin.
Foreign Office minister Chris Bryant said that UK and Argentina agree there is “no return to the eighties” regarding the Falkland Islands which he underlined are British as long as the Islanders so wish.
The first well drilled off the Falkland Islands in 12 years has struck oil — but not enough for a commercial well, according to a report from the Sunday edition of The Times.
The Falkland Islands are to participate Saturday in ‘Earth Hour’, a global awareness campaign on climate change organised by the World Wide Fund for Nature which spans thousands of cities around the world.
HMS York, the Portsmouth-based Type 42 destroyer and currently patrolling the Falkland Islands as part of her South Atlantic deployment is celebrating her 25 years at sea. She was accepted into service on March 1985.
Falklands’ fishery catches have returned to a more normal level in 2010, confirmed Director of Fisheries John Barton on Thursday.