29 Oct 2015 12:12
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Don't have an account? Click here to register.Argentine judge orders seizure of assets of companies operating in the Falklands
Sun, 28th Jun 2015 10:13
A judge in Argentina has ordered the seizure of the assets of five oil companies operating in the Falklands Islands, including those owned by Premier Oil, Falkland Oil and Gas and Rockhopper Exploration.The order, which was made by Tierra del Fuego judge Lilian Herraez, also named Noble Energy and Edison International Spa.The assets, which include boats and other equipment, are worth $156m.The order accuses the companies of "illegal activities of exploration, search and eventual extraction of hydrocarbons in proximity to the Falkland Islands", saying they did not obtain permits issued by "the competent authority in Argentina".A statement released by the prosecutor's office said: "The foreign ministry will be notified of the court order so that by diplomatic means and in compliance with international treaties it can be carried out."None of the five companies are based in Argentina, which has claimed sovereignty of the islands, calling them the Malvinas Islands.
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29 Oct 2015 10:32
29 Oct 2015 10:00
Falkland Oil fails to find commercial hydrocarbons at Humpback well
(ShareCast News) - Shares in Falkland Oil & Gas fell sharply after the company said it failed to find any commercial hydrocarbons at its Humpback exploration well. The company said the well encountered non-commercial quantities of oil and gas within a number of sandstone intervals. In addition, it
Read more16 Oct 2015 08:18
Falkland's Humpback project finds oil and gas but remains behind schedule
(ShareCast News) - Exploring group Falkland Oil and Gas said the Humpback exploration well has found oil and gas shows, while wireline logging indicate there are hydrocarbon bearing sandstones within the main target area. The group said it had decided to drill deeper at the well, located offshore th
Read more25 Sep 2015 09:17
Falkland Oil and Gas to drill new well
(ShareCast News) - Falkland Oil and Gas has struck an agreement with Premier Oil and Rockhopper Exploration to drill a further well on the Isobel/Elaine complex. The new well, announced in a trading update on Friday, will target the Isobel Deep reservoir which was oil bearing when discovered in Apri
Read more15 Sep 2015 18:36
Tuesday newspaper tips: Chemring, Falkland Oil&Gas
(ShareCast News) - Ordnance and defence electronics manufacturer Chemring is successfully weaning itself off its reliance on Western defence budgets after being hit by the drawdown of forces in Iraq and then Afghanistan - together with a few production problems along the way. The result is a record
Read more25 Aug 2015 16:04
Falkland Oil widens loss as humpback delay revealed
(ShareCast News) - Falkland Oil and Gas posted a bigger loss in the first six months of the year and said it incurred delays at its humpback exploration well in the Falklands basin. The AIM-listed company whose portfolio spans the north, south and east Falkland basins does not yet produce revenues.
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