Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, today provides the following update on the latest logging results from the 14/15-2 Rachel North well which, following additional wireline data, will be plugged and abandoned with oil shows .
Despite a resounding ‘no’ nine years ago, from the Falklands’ Camp (rural) community, to the idea of a single voting constituency, the Islands government has agreed that the question will be asked again.
Desire Petroleum plc (AIM:DES) the oil and gas company wholly focussed on the North Falkland Basin, wishes to advise that the 14/15-2 Rachel North well has reached a total depth of 3052 metres.
“A HUGE negative impact on us,” is how one Falklands fishing company views the Union of South American Nations’ declared intention to close their ports to Falklands flagged vessels, or in their words, ‘the illegal flag of the Malvinas’.
DryShips has won an exploration contract to drill offshore the Falkland Islands. The Greek company received a letter of intent for the Eirik Raude and will drill two weels for approximately 90 days beginning in the fourth quarter of 2011.
Annual wind power contribution in the Falkland Islands has set a new record with the significant milestone of 40% of renewable contribution, according to Stanley Power Station Manager Glenn Ross.
Falkland Islands and South Georgia took their place in a world class fisheries exhibition in China last week.
The controversy over Britain’s ability to defend the Falkland Islands against Argentine attack has continued in the United Kingdom with the former Defence Secretary at the time of the 1982 invasion, Sir John Nott, joining in.
The Falkland Islands government said Wednesday in an official statement that it is satisfied and grateful for the levels of defence on the Islands.
The statement follows claims to the contrary from retired Royal Navy chiefs who argue the latest defence cuts make the Falkland Islands vulnerable to attack from Argentina.
A group of former Royal Navy admirals have called for the decision to scrap the aircraft carrier Ark Royal and the fleet of Harrier jets to be reversed. The cuts were announced as part of the government's Strategic Defence Review.