Falk IS. Hldgs Share Discussion Threads

[ifthecapfits] 07/8/2012 15:22

kerching, kerching.

[ifthecapfits] 07/8/2012 07:36

More of the same today please.

[ifthecapfits] 06/8/2012 15:03

Looking a bit better. SHould be onwards and upwards from here.

[togglebrush] 06/8/2012 06:56

FOGL issued two RNS this morning:-
Farm In agreement and start of drilling
Good News for FKL as shareholder and its operations in Islands economy

[ifthecapfits] 01/8/2012 13:30

Lagging FOGL a bit. Could start to get very exciting very soon!

[falklands] 25/7/2012 11:16

Nice to see you mr h and mr e !

Still think will be ok on bor ratio mix and I still cannot get over they halted the drill on Stebbing without going through the main prospect over that bloody weekend which would have been commercial gas at the very least.......

Health & safety grrrrrrrr

[eburne1960] 21/7/2012 21:46

Don't worry hangers, I'm still here!

[mr hangman] 21/7/2012 13:19

Edjge, you can always buy more still cheap
Come in Mr E, come in Mr E, anyone seen him around

[edjge2] 18/7/2012 21:57

Looks like a future FTSE entrant here. Shame our extras got scaled down.

[mr hangman] 18/7/2012 13:07

Yes after the disaster over at borders, this still trades well above the
open offer price, great news from RKH the other day, don't understand why
the market dont like it

[togglebrush] 16/7/2012 07:23

Borders and Southern has a dry well and down we go!
Rig moving on to FOGL

[mike111d] 12/7/2012 11:17

This continues to do well post the open offer.

[ifthecapfits] 12/7/2012 08:48

All looks pretty damn good to me!

[ifthecapfits] 12/7/2012 07:46

Nice - lots of infrastructure going to be needed. It would seem that oil is going to be produced - a boon for the islands. If I move there will i get a share of the profits?

[togglebrush] 12/7/2012 07:28

Rockhopper agrees farmout with Premier Oil ... gives early morning lift to sp

[ifthecapfits] 06/7/2012 10:47

Business as Usual for Big Oil Despite Falkland Tensions

By Jen Alic | Thu, 05 July 2012 22:44 | 0

Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more.

While tensions between Britain and Argentina have been rising as a natural response to the 30th anniversary of the Falkland War, oil is the primary driver of a renewed Falkland dispute that will determine the fate of tens of billions of dollars in black gold.

At the same time, while Argentine President Cristina Kirchner and British Prime Minister David Cameron are trading serious barbs over the sovereignty issue, big oil companies are largely ignoring the implications and conducting business as usual.

The Falkand Islands (Islas Malvinas) were reclaimed by the British in June 1982 after a 74-day war in response to an Argentine invasion. Argentina lost 649 troops in the war, while the UK lost 255 troops. The 30th anniversary of this war coincides with some major oil developments, which the UK is hoping to resolve by supporting the Falkland government's holding of a referendum on its political status in 2013.

Argentina is on the losing end of this battle. Not only will the referendum favor the status quo, but Kirchner's recent move to nationalize Argentina's interests in Spain's Repsol oil company has lost her any support she might have enjoyed (particularly from Spain, France and Italy) over the Falklands issue.

This is exactly what big oil is banking on, and recent months have seen some significant developments that seem to ignore the brewing tensions entirely. Two major discoveries are set to turn the Falklands into a key oil player almost overnight. The first, and less significant, is the 1.3 billion barrel discovery by Rockhopper's Sea Lion (RKH) in the north Falklands Basin. The second is the 4.7 billion barrel prospect of Loligo, for which FOGL plans to start drilling its first well this month.

The Loligo prospect was boosted by news that came in the first week of June that Edison Spa, an Italian utility bought by France's EDF in June, will acquire a 25% interest in northern licenses of Falkand Oil & Gas and another 12.5% interest in FOGL's southern licenses. The significance of the Edison Spa deal is that it will provide FOGL with some much-needed financing to get things under way in Loligo. In return for the licenses, the utility company will fund FOGL's drilling to the tune of $50 million and hand over another $40 million in cash.

The oil angle to the Falklands dispute gained momentum in 2010 when the UK authorized prospecting, provoking the ire of Argentina. The next major uptick in the ongoing crisis came in December last year, when Rockhopper revealed that its Sea Lion field held more oil than expected. This in turn led to an immediate increase in interest in the Falklands' offshore oil prospects. The UK moved quickly to ensure the security of these discoveries by sending in naval units, prompting a harsh response from Argentina and escalating the crisis.

But the UK holds most of the cards. Not only will "Falklanders" vote to remain a self-governed overseas territory of the United Kingdom in a referendum, but Spain, Italy and France in particular have no sympathy for Argentina in the aftermath of its decision to nationalize its Repsol interests. Oil exploration is proceeding as if the dispute is resolved.

So with the oil momentum already picking up an irreversible pace, how will the sovereignty dispute be resolved? As far as the UK is concerned, it will not negotiate the issue before the United Nations unless it is asked to do so by the Falklands legislature, which is happy to hold a referendum. The results of the referendum will provide the UK with any ammunition it needs.

Argentina's only real recourse here is military. We can expect a great deal of bluster on the issue and some high-minded rhetoric recalling British colonialism and the like in the coming weeks, particularly as plans proceed at a fast pace for exploration and drilling. But in the end, this will be toothless bluster designed largely to allow Kirchner to appease a public that has long been taught to view the Falkland Islands as an integral part of Argentina.

The UK might have been willing to decolonize the Falklands, and certainly, it has seriously entertained the notion in the past. But now that the Falkands are set to become a major oil player, the situation is very different. No one wants Argentina to step in and claim the islands with the fear of nationalization fresh on the heels of the Repsol debacle. The bottom line is that Argentina lost the Falklands over Repsol.

By. Jen Alic of Oilprice.com

[ifthecapfits] 06/7/2012 10:43

My entitlement is showing with an immediate profit. Nice!

[togglebrush] 05/7/2012 08:52

Mr Hangman re above post

The other divisions are growing and providing dividends whilst we wait for the Falklands Oil companies to prove their worth

Group revenue
Year ended 31 March_____ 2012 2011 Change
Data is__________________GBPm GBPm __%
---------------------------------------------
Falkland Islands Company 14.98 14.92 _0.4
Portsmouth Harbour Ferry _4.16 _3.73 11.5
Momart__________________ 14.97 13.19 13.5

Total____________________34.11 31.84 _7.1

[mr hangman] 05/7/2012 08:28

More Liquid, on a 1 for 15..doubt it, Mr E you ask the question why is a
Falklands company investing in a Auction buisness or a Harbour
in Portsmouth ?

[falklands] 04/7/2012 06:49

Well hopefully allow more liquid to the shares