Tag: DES

• Thursday, October 24th 2013 - 07:44 UTC

  Falklands' oil companies FOGL and Desire merger should be finished by 19 December

  

  Falkland Oil and Gas Ltd updated investors on its proposed merger with Desire Petroleum (DES) Wednesday lunchtime, signaling the combination should be finished by 19 December.

• Thursday, October 3rd 2013 - 19:36 UTC

  Falklands’ ‘FOGL and Desire Combination’ prepare to drill five wells next year

  

  Falkland Oil & Gas is to buy a smaller Falklands-based firm to create a “combination” company with licences to search for oil both to the north and south of the Falkland Islands in the South Atlantic. FOGL said on Thursday it had agreed to buy Desire Petroleum offering 0.6 FOGL “consideration” shares for each Desire share, in a deal valuing Desire at 61 million pounds (99 million dollars).

• Friday, November 23rd 2012 - 20:06 UTC

  CPR confirms potential of Desire Petroleum discoveries in the Falklands

  

  Falklands’ oil explorer Desire Petroleum announced on Friday that the findings of a Competent Person’s Report, CPR, have confirmed the potential of its discoveries offshore the Islands in the North Falkland Basin.

• Friday, October 12th 2012 - 17:10 UTC

  Falklands’ government approves Rockhopper farm-out agreement with Premier Oil

  

  Rockhopper Exploration which struck oil at its North Falkland basin Sea Lion exploratory well in May 2010 has received formal agreement from the Falkland Islands Government to the farm-out agreement reached with Premier Oil.

• Tuesday, September 18th 2012 - 07:21 UTC

  Falklands’ Desire confirms exploration potential and is looking for farm-in partner

  

  Falkland Islands explorer Desire Petroleum said its half-year to end-June period losses decreased from 39.3 million dollars in the previous period to just 2m, due to a fall in exploration and evaluation expenses. It also announced that it was looking for a farm-in partner for the North Falkland basin, where the company is focused.

• Friday, August 24th 2012 - 01:19 UTC

  Desire Petroleum assesses potential of its North Falkland Basin strategic prospects

  

  In an update of the recently completed six well exploration program Falkland Islands’ Desire Petroleum reports it has new 3D seismic acquisition of several of its North Falkland prospects which are currently under evaluation to provide a full prospects’ inventory.

• Friday, August 17th 2012 - 07:02 UTC

  Falklands’ Desire updates oil potential of promising Elaine and Isobel prospects

  

  The AIM traded company Desire Petroleum said on Thursday it will seek industry partners to participate in the further exploration of the North Falkland basin based on the quality of its maturing prospect inventory.

• Friday, February 17th 2012 - 03:59 UTC

  UK analysts says Falklands’ oil industry could be worth 180 billion dollars in royalties and taxes

  

  A leading UK market and investment analyst, Edison Investment Research looks at the prospects of the Falkland Islands oil industry and suggests the industry could be worth 180 billion dollars in royalties and taxes.

• Sunday, January 22nd 2012 - 05:44 UTC

  Falklands confirms second oil rig has reached the Islands; spudding planned for Monday

  

  Falklands oil industry sources confirmed that the semi-submersible Leiv Eiriksson oil exploration rig has reached Falklands’ waters and should be spudding its first well next Monday.

• Tuesday, January 17th 2012 - 06:54 UTC

  Rockhopper shares soar as talks for a partner in Falklands’ oil operation advance

  

  Rockhopper Exploration Plc climbed to an 11-month high in London trading after a report that Cairn Energy Plc is in talks with the only company to have made a potentially commercial oil find near the Falkland Islands.