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.
The Falkland Islands dispute must not get in the way of Britain boosting its relations with Latin America, Foreign Secretary William Hague said Tuesday. London has neglected its ties with the region for too long and Britain must re-launch its relations with Latin America as its importance on the global stage grows, Hague said.
Falkland Islands Desire Petroleum confirmed Tuesday it had secured regulatory and partner approvals to drill a second well 14/15-2 well in the North Falkland basin Rachel prospect.