Desire Petroleum, which is focused on the North Falkland Basin announced Wednesday it is proposing a share issue to raise £20 million to make use of the full potential of its hydrocarbons exploratory drilling season scheduled to begin next February when the “Ocean Guardian” rig arrives.
Following sixteen years as Chairman of the Falkland Islands Overseas Games Association (FIOGA) and the previous two years as Vice-Chairman, Patrick Watts M.B.E confirmed his decision not to seek re-election at the 2009 Annual General Meeting of FIOGA held on 03 December 2009.
Mike Summers O.B.E. a former member of the Executive and Legislative Councils of the Falkland Islands was elected to replace Mr Watts.
The Falklands’ electorate vote for complete change, the UK’s unconditional commitment to the Islanders right to self-determination, economic diversification and development, Argentine next of kin humanitarian visits, were among the issues discussed Monday by Falklands Legislative Assembly member Dick Sawle and Foreign Office Minister Chris Bryant.
Oil and gas exploration company Desire Petroleum, licensed to operate offshore the Falkland Islands announced the submission to the Falkland Islands government of the Environmental Impact Assessment (EIA) Addendum required for the planned drilling program.
Rear-Admiral Sam Salt, who died on December 3 aged 69, commanded the first British warship to be sunk by enemy action after the Second World War
THE Falklands private sector is set to benefit financially from the next oil drilling round scheduled to begin early in February.
Medals belonging to a Falklands war veteran who wanted the cash because his injuries prevented him working have fetched a record £70,000 at auction. Captain Ian Bailey of Ash Vale, Surrey, was awarded the Military Medal for his part in an attack on two Argentine positions on Mount Longdon, in 1982.
Under the headline of “Falkland Islands oil reserves 'to help British economy'” the Telegraph points out that four British oil companies are exploring to the north and south of the Islands and that the British financial sector is pouring “around £ 327 million into the offshore projects”.
An investigation has been launched after minor damage was found on two UK Royal Air Force aircraft shortly after they had completed an in-flight refuelling sortie near the Falkland Islands.
Services group Falkland Islands Holdings has reduced its stake in Falkland Oil and Gas Ltd, the oil and gas exploration company focused on licence areas to the South and East of the Falkland Islands.