Significant increase in number of identified leads.
Enhanced possibility of a new petroleum province in the South and East Falkland Basins.
Exploration minnow Falkland Oil and Gas gushed after seismic reports dramatically increased the prospect of discovering sizeable reserves of oil and gas.The company will have to raise fresh funds to step up the exploration work.
Global Petroleum Ltd said last week that in regard to Kenyan operations, the fourth Block L-10 which is now held by Dana (80% and operator) and Global (20%) - as a result of the withdrawal of Woodside - the terms of an extension of the Licence including the work programme are under negotiation with the Kenyan authorities.
Falkland Islands products will soon be recognisable wherever they end up in the world, thanks to a new mark of origin developed from the Falklands Finest logo.
Headlines: Sticky situation for seabirds after reefer's grounding; Legal submissions delay fishing verdict; Argentine protest; Roof cost: £Ã‚½ million.
The Prince of Wales and record-breaking sailor, Ellen MacArthur, are together to trumpet global efforts to save one of the world's most endangered yet iconic birds.
The Falkland Islands' traditional production was very much in the news this month according to the latest Penguin News edition.
A report from the British Wool Marketing Board (BWMB) indicates that the Islands wool characteristics are not fully reflected in market prices; a Beef Day was organized to address the growing industry's challenges and a paper before the Development Corporation Board informs of delays in the export season.
The Secretariat of the Falkland Islands Government announced Tuesday that Lavinia Corporation now holds 25,1% of Stanley Services Ltd, which is the exclusive supplier of all petroleum products within the Islands and territorial waters.
Preliminary results for the year ended 31 December 2004
THE only mines on the Falkland Islands at present are the type that explodes. But if South African mining entrepreneur Richard Linnell fulfills his dream, the Islands which saw bloody fighting in 1982 could double their gross domestic product - thanks to a gold mine.