FALKLAND Oil and Gas Limited has the potential to offer investors returns of 130 per cent in the medium term, according to the Jefferies brokerage.
A SECOND phase of de-mining is planned on the Falkland Islands from November this year.
Argentina reaffirmed Monday its “imprescriptible” sovereignty rights over the Malvinas and other South Atlantic islands and considers “incomprehensible” the British negative to find a peaceful and definitive solution to the controversy as mandated by the international community.
The American Government kept a close eye on the dispute between Argentina and Britain over the Falkland Islands in 2010. Hitherto secret US State Department communications published by Wikileaks reveal that Secretary of State Hilary Clinton wrote to the U.S. Embassy in Buenos Aires in early 2010, requesting analysis of the situation, which it was felt had been exacerbated by the British approval to search for oil in the seas off the islands, and by a revitalised and bitter diplomatic offensive by the government of President Cristina Fernndez de Kirchner.
The Argentine Foreign Ministry stated yesterday that the “provisional understandings” signed by London and Buenos Aires were in complete disuse and that the “unilateral actions of the United Kingdom” with regard to oil exploration and military exercises on the Islands constituted an “unsolveable obstacle” to the continuation and development of the “bilateral cooperation”
Desire Petroleum plc (AIM:DES) the company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a total depth of 1,697 metres in pre-rift sediments.
The recently arrived new Governor in the Falkland Islands, Mr Nigel Haywood, took time recently to talk about his role in the Islands’ weekly newspaper, the Penguin News.
In his response to the British Prime Minister’s Christmas address to the Falkland Islanders, Argentina’s Ambassador at the United Nations, Jorge Arguello, makes the strong suggestion that Britain should lose its place on the UN’s Security Council.
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, advises that the 25/5-1 well on the Dawn/Jacinta prospect has reached a depth of 1,313metres.
The Argentine Government yesterday rejected recent declarations of the British Prime Minister David Cameron who said that he would not negotiate over the sovereignty of the Falkland Islands despite insistent claims from the South American country.