Falkland Islands oil and gas explorer Borders & Southern Petroleum has swung into the black, just months before it embarks on its drilling program in the South Falkland Basin. The company posted pre-tax profits of 761.211 dollars in the six months ended June 30, compared to a loss of 672.185 in 2010.
Alternative ways to charge Falklands’ fishing licence fees have been examined in a report presented to representatives of the fishing industry as well as Member of the Legislative Assembly Gavin Short and the Director of Natural Resources John Barton this week.
One of Argentina’s most powerful unions’ honoured members of the “Condor Operation” which 45 years ago hijacked a commercial aircraft and had it flown to the Falklands/Malvinas Islands where the group flew the Argentine flag.
The Falkland Islands Government House launched Wednesday their brand new website to coincide with the launch of the Foreign Office’s Overseas Territories Consultation “Have Your Say”.
Why should the UK support Argentina financially when the country is acting against British interests particularly in issues such as the Falkland Islands, asks an article in the Mail-online.
“Force” and “defence budgets” are the only reason Great Britain can wield in support of the Malvinas Islands where “it holds 2.000 people hostage on Islands of Argentine sovereignty”, said Argentine Defence minister Arturo Puricelli.
Falklands based Argos Resources expects to drill its first well on license PL001 in the North Falkland basin in late-2011 or early-2012, using the semi submersible rig Ocean Guardian, currently operating in the Islands’ waters.
The Foreign Office has launched a consultation on a new strategy for the Overseas Territories and is inviting views from people of those Territories and the UK on how to implement the goals.
Falklands’ Governor Nigel Haywood said UK relations with Chile go back over 200 years and it was “natural to have a strong relationship with a good neighbour”, reports the latest edition of Penguin News.
The UK has no doubts about Falkland Islands sovereignty: ‘they are British and they are not negotiable’, said on Monday a Foreign Office spokesperson in reply to a Sunday statement from the G77 plus China calling on Argentina and UK to resume sovereignty negotiations over the South Atlantic Islands.