57 replies to this topic

[miniyellowmini]

It just goes to show how desperate countries are for even the potential for oil reserves.

The Falklands are British and have been for as long as anyone can remember and should remain that way as long as the majority of people living there wish them to.

Many lives were lost on both sides 30 years ago defending the Falklands and it annoys me that they are stirring it again. When will they get it, that other than their close proximity Argentina have no claim whatsoever to the islands.

[mini-luke]

On that logic, we are near France, does that mean we have a claim to France?

[MiniFTW]

I don't really understand why they are kicking up a fuss about William being over there, however I believe they should remain apart of the commonwealth, granting them Independence could back fire on us as we do extract oil from the seas there, and Scotland currently want there independence too, and seeing as we extract oil from the north, Britain may find its self in a few conflicts over oil rights! And fuel is already expensive enough here so I think we should keep things the way they are for the time being!

Edited by MiniFTW, 08 February 2012 - 09:23 PM.

[Ivor Badger]

On that logic, we are near France, does that mean we have a claim to France?

Not since the loss of Calais.

[Ruckus]

im sure there is Oil in the area but its too deep and costly at the minute to extract but in the near future it will become a viable resource, i could be waaaay off with this but i'm 90% sure i watched something on disc history

This is not the case any more.

When they first test drilled for oil (Shell 1998) the going was rough and although 6 wells were drilled and 5 showed oil. The effort against the then price of oil put Shell off and they sold there licences in the area. But the key here is the cost of oil in 98 it was $10 a barrel, now its pushing $100!

Some of the waters around Falklands are deep but some are not, in the North Basin the waters are relatively shallow. But the eastern and southern basins are close to 9,0000 ft! But there are deeper active oil fields already. In Brazil the Tupi oil field is already in production by Petrobras and that's much deeper.

Current Oil price and deep water oil technology has moved on hugely = Falklands Oil is commercial.

Rockhopper are the first to hit big in the Falklands and have found a billion if not 1.5 billion barrels in their licences (thanks Shell) but the next big drill will come from Falkland Oil and Gas, their data is telling them they could be sitting on 8 billion barrels!

Now here is the thing, its been loosely known that there was oil in those waters for many many years before Falklands war... it put a whole new spin on what that war was about.

I'm an investor in Rockhopper (RKH) and its as good as a sure thing as any investment i've ever made. I've already seen %40 growth and its got a long way to go yet.

The Falklands will be our next great oil province, as big as the north sea.

Argentina have no claim to the place, its like Korea saying they own Japan just because its of there coast...

[Ethel]

They are in the same boat as the Virgin & Cayman Islands, & Bermuda. Don't think it follows that we are bound to see much of the booty & Argentina & the rest of S America must be the preferred market.

I remember seeing something about how they are already coining it in from deep sea fishing. Flogging squid to the Japs and Mediterranean types.

[lapider]

i recently visited a disused military nuclear bunker in plymouth. in it was the main ops room for the falkland islands or something and behind the plaster board you could see a huge floor to ceiling map of the islands. i think that argentina laying claim to it on the basis that its off there coast is a bit like a child saying well i saw it first. historically its british and now the Argentines want it back solely for its oil value.

[Black.Ghost]

Well apparently drilling for oil just north of the islands is due to start in 4 years, but apparently they think they could find even more to the south, I think 8 billion barrels in total. That's a lot of money, no wonder the Argies want the islands.

As for Sean Penn, who the hell is he to turn around and say the deployment of William there is unthinkable? It's a British Military base and he is in the forces! We can send him anywhere we want. And more to the point, he is a damn Search and Rescue pilot. Next time an Argenitinian ship gets in trouble, I'd tell them to poke it, you don't want him here.

Note - I wouldn't actually let people die but you see my point. I hope.

[Ruckus]

http://www.proactive...o-uk-39080.html


180 Billion dollars to the UK economy, that's worth a little military build up if you ask me..,

Edited by Ruckus, 16 February 2012 - 05:04 PM.

[Ruckus]

Well apparently drilling for oil just north of the islands is due to start in 4 years, but apparently they think they could find even more to the south, I think 8 billion barrels in total. That's a lot of money, no wonder the Argies want the islands.

We've been drilling for oil down there on and off for years already. In 4 years the field will start Production...

[Big Sam]

On that logic, we are near France, does that mean we have a claim to France?

Exactly the geographic argument doesnt work,

Germany is close to France, Belgium, Switzerland, Austria, Holland and Luxembourg. Germany should be allowed control of those areas, no one is going to disagree with that are they?

[mini-luke]

On that logic, we are near France, does that mean we have a claim to France?

Exactly the geographic argument doesnt work,

Germany is close to France, Belgium, Switzerland, Austria, Holland and Luxembourg. Germany should be allowed control of those areas, no one is going to disagree with that are they?

No - but they do seem to be having a shot at with their and France's Europian integration plans

More on topic, maybe we should print this out and post it to the Argentinians? http://www.bbc.co.uk/news/uk-17047498

[DeanP]

Surely the Argies and it's neighbours imposing sanctions on the islanders is against the law in itself?

[Black.Ghost]

I thought it was research so far. I thought it was 4 years until the proper digging starts.

The Argies need to get back in their box, there is no other way to say it. Yes there is oil, but they [the Islanders] still want to remain British. Until such time as that changes we should enforce anything we need to. And if they kick off, send in everything we need to. They belong to us, it's about time we showed that with force if needed. We used to be a damned Empire and now we are fading to nothing. Lets keep what we have. And if that is old fashioned and colonial then so be it.

[nev_payne]

$180 billion? Is that it? Barely scratches the surface of the financial problems. Hell in 4 years time everyone who's in line for defaulting I-O-U's would have done so. There will be much, much bigger fish to fry.