Rockhopper Exploration (AIM: RKH) announced that on Friday early morning it had spudded Ernest 26/6-1 exploration well in the North Falkland Basin, the second well the British company is drilling following the successful discovery of oil in its Sea Lion prospect.
Britain announced Thursday it had agreed to build an airport on the mid Atlantic island of Saint Helena, which is expected to become a vital link for the Falkland Islands air communications.
Argentina walked out of the International Association of Prosecutors, IAP, because the Falkland Islands were admitted as a full member of the organization according to press reports from Buenos Aires.
Rockhopper Exploration the only company so far to have announced the discovery of oil in Falklands’ waters is preparing to spud its second well in the North Falkland basin, the company announced in a release.
IN a freezing mountainside ceremony on East Falkland Islands today British Special Forces veterans and Falkland Islanders paid tribute to a Special Boat Service Sergeant killed on June 2, 1982.
Argos Resources the latest company to announce it will begin oil exploration operations offshore the Falkland Islands was sent a letter by the Argentine embassy in London warning it “to abstain” from such activities otherwise “it will face legal actions”, according to reports in the Buenos Aires press.
Falkland Oil and Gas (FOGL) will press ahead with its drilling program offshore the Falkland Islands despite reporting that its Toroa F61/5-1 exploration well was dry. However FOGL, which is associated with Anglo-Australian mining giant BHP Billiton, said it will work first towards contracting a deepwater rig.
The first well to be drilled at the south of the Falkland Islands proved to be a disappointment, Falkland Oil and Gas Ltd, FOGL, officially announced to the London Stock Exchange.
A fifth UK company plans to drill for oil off the Falkland Islands after it raises £70m in a London stock market listing, reports the Financial Times. Argos Resources, which holds licences next to the landmark 250m-barrel Falklands’ oil discovery made by peer Rockhopper Exploration in May, hopes to achieve a £200m value on AIM.
The Argentine consul in Punta Arenas downplayed the alleged repercussions of the recent trip of eight Chilean students to the Falkland Islands allegedly in the framework of a “written understanding” between the extreme south Chilean city council and Falklands authorities.