| al_sting - Dienstag, 3. April 2007 - 09:25 |
| Angesichts des 25 Jahre zurückliegenden Falklandkrieges dürften sich die Presseartikel zu den Falklands häufen. Hier der Link zu einem Handelsblatt-Artikel, in dem gut die Veränderungen der letzten 25 Jahre, die Entmonopolisierung und Beschneidung von FIH und die derzeitige Bedeutung der Fischerei beschrieben wird. (Der Artikel ist etwas zu lang zum Posten) http://www.handelsblatt.com/news/Politik/International/_pv/_p/200051/_t/ft/_b/1249123/default.aspx/erst-der-krieg%2c-dann-der-fisch.html |
| chinaman - Donnerstag, 7. Juni 2007 - 12:43 |
| 07.06.2007 11:28 Falkland Oil & Gas gets 'encouraging' results from Falkland Islands survey LONDON (Thomson Financial) - Falkland Oil and Gas Ltd (Nachrichten) said results from the first phase of controlled source electro-magnetic survey (CSEM) on its Falkland Islands (Nachrichten) exploration programme are encouraging and said the second phase of the survey has commenced. Chief executive Tim Bushell said the results 'reinforce the company's view that the south and east Falkland basins are prospective for the discovery of significant volumes of oil and gas'. The company said it has completed the 2D seismic infill survey and it plans to integrate the results of the new 2D seismic data and the CSEM with its existing work to produce a short list of the best prospects for drilling. TFN.newsdesk@thomson.com ans/jro/ejp COPYRIGHT Copyright AFX News Limited 2007. All rights reserved. |
| al_sting - Donnerstag, 7. Juni 2007 - 13:20 |
| Klingt gut, ist aber noch nichts greifbares. Aber im Gegensatz zum Mineralien-Explorer, der sich mit Berichten sehr zurückhält, wird hier weiterhin Erwartung aufgebaut. Das spricht dafür, dass die Pipeline sehr ergiebig sein kann. Vielleicht kommen die Falkland-Aktien so langsam wieder einmal in Bewegung, sonst dürfte der spätere Sprung um so heftiger ausfallen. So richtig spannend dürfte es im nächsten Jahr werden: - Bekommen sie ein Ölbohrinsel? - Wie verlaufen die Probebohrungen? - Findet sich der erste "Farm-out"-Partner? Ciao, Alex |
| al_sting - Mittwoch, 13. Juni 2007 - 10:03 |
| Falkland Islands Holdings plc Preliminary Results for the year ended 31 March 2007 Financial Highlights • Turnover up 2.6% to £15.6m (2006: £15.2m) • Underlying profit* up 11% to £1.66m (2006: £1.49m) • Operating profit up 36% to £1.5m (2006: £1.1m) • Profit on sale of investments £485,000 (2006: £2.1m) • Net cash balances of £2.2m at year end (2006: £0.3m) • Positive net operating cash flow: £2.3m (2006: £1.7m) • Basic Earnings per Share 17.2p (2006: 31.8p ) • EPS on Underlying Profits 13.4p (2006: 12.2p ) • Dividend increased by 7.7% to 7p (2006:6.5p) * Underlying profit is defined as profit before tax, exceptional items and the amortisation of goodwill. Operating Highlights • Falkland Islands business produced strong results – 2.5% increase in revenue to £12.2m o Underlying pre-tax contribution up £0.2m to £1.1m o Improved squid catch boosted fishing agency • Portsmouth Harbour Ferry Company – had a solid year - increase in revenue to £3.4m o Underlying pre-tax contribution £0.55m (2006 £0.63m) o Passenger numbers 3.6m (2006 3.75m) reflecting Trafalgar celebrations in 2006 • Divestiture of Falklands Gold and Minerals stake for £675 000, generating £485,000 profit • Falkland Oil and Gas – (16.3% shareholding) continues to progress its exploration Programme Outlook • Positive start to 2007 • Potential for steady sustainable growth over the medium term David Hudd, Chairman of Falkland Islands Holdings plc, said: “We have made solid progress this year, recording pleasing increases in turnover, profit and liquidity. We continue to hold our strategic investment in Falkland Oil and Gas and await the results later in the year of their current seismic and sea bed logging work and of any progress in securing a drilling rig. The Board looks to the future with confidence, and is pleased to propose a further increase in dividend to 7 p per share.” 13 June 2007 http://www.fihplc.com/support/upload/PrelimsJun07rel.pdf |
| al_sting - Mittwoch, 13. Juni 2007 - 10:18 |
| Der Wert beginnt auch aus Dividendengesichtspunkten interessant zu werden. ;-) Ciao, Al Sting |
| trick17 - Donnerstag, 14. Juni 2007 - 11:18 |
| Der Aktienkurs ist ja fett abgeschmiert. Die sollten sich wirklich überlegen, ob sie nicht ein Teil der Ölgesellschaft (weitere ~3%) verticken und dafür Aktein zurückkaufen. So würde der Wert des Unternehmens klarer werden. Für die verbliebenen Aktionäre bleibt dann ja pro Aktie alles beim alten. trick17 |
| chinaman - Donnerstag, 14. Juni 2007 - 14:30 |
| "Der Aktienkurs ist ja fett abgeschmiert" Hallo trick17, vor wievielen Monaten hattest Du Ihn denn das letzte Mal angeschaut ??? Gruß Chinaman |
| trick17 - Samstag, 16. Juni 2007 - 23:16 |
| ca. 1 -1,5 Jahre her. trick17 |
| al_sting - Montag, 23. Juli 2007 - 14:43 |
| Bei der FIH-Beteiligung Falkland Oil & Gas (FOGL) ist derzeit viel los: - Seit ca. 13:30 steigt der Aktienkurs rasant: aktuell +25% (Triebfeder Englatnd) - In W:O ist eine untenstehende Erklärung dazu gepostet worden (auf Anfrage eines Aktionärs?), die suggeriert, dass bald ein Farm-Out-Abkommen abgeschlossen werden könnte und dass das die Ursache für den Kurssprung darstellen könnte - Auf der Homepage www.fogl.com ist diese Erklärung noch nicht angegeben, kann also ein Fake sein. - Auf den Aktienkurs von FIH hatte das bisher keinerlei Auswirkungen. - Sollte es zu einer nachhaltigen Wertsteigerung von FOGL kommen, müsste das auch deutliche Wert- und Aktienkurssteigerungen für FIH bedeuten. - Übrigens: Die Homepage von FOGL sieht auch neu überrbeitet aus. Ob das Timing zufällig ist oder mit einer neuen Entwicklung der Firma zu tun hat kann ich nicht beurteilen. Ciao, Al Sting REG-Falkland Oil and Gas <FOGLq.L> Re share price movement. RNS Number:6916A Falkland Oil and Gas Limited, 23 July 2007 Falkland Oil & Gas Limited (the "Company" or "FOGL") notes the price movement in the Company's share price and confirms that it is in advanced discussions which may or may not lead to a major resources company farming in to certain of its assets. Any such transaction, if agreed between the two parties, would be subject, inter alia, to the approval of the Falkland Islands Government. A further announcement will be made in due course. 23 July 2007 Enquiries: FOGL 020 7563 1260 Tim Bushell, Chief Executive KBC Peel Hunt (Nominated Adviser) 020 7418 8900 Jonathan Marren / Matt Goode College Hill 020 7457 2020 Nick Elwes / Paddy Blewer www.fogl.com |
| al_sting - Montag, 23. Juli 2007 - 14:46 |
| Update: Die Erklärung von FOGL habe ich jetzt doch auf ihrer Homepage gefunden, unter: http://www.fogl.com/investor/pressReleases.asp |
| al_sting - Montag, 23. Juli 2007 - 16:20 |
| Hossa die Waldfee. Plötzlich springt bei einigen die Phantasie an und der Kurs geht richtig ab. Aktueller Stand 16:10, prozentualer Anstieg gegenüber gestern: FOGL: 1,98 €, + 65% FIH: 5,45 - 5,49 €, + 25% Da kommt Freude auf! ;-) Ciao, Al Sting |
| chinaman - Montag, 23. Juli 2007 - 16:20 |
| @ Al Sting : Jetzt geht es aber richtig zur Sache und nun marschiert FIH auch mit ... ;-))) Gruß Chinaman |
| al_sting - Donnerstag, 13. September 2007 - 13:49 |
| Gestern wurde ein neuer Bericht auf der FIH-Homepage eingestellt, der wenig spannendes enthält: http://www.fihplc.com/support/upload/AGMstatement07.pdf Dafür wurde auf der Seite der Öl-Beteiligung FOGL von einer Übertragung der FIH-Anteile an FOGL auf eine 100%-Tochter der FIH namens Erebus Limited vom 07.09. geschrieben: http://www.fogl.com/documents/FalklandOilandGasLimited-PressRelease-2007-09-11.pdf Der Sinn dieser Maßnahme erschließt sich mir nicht und hinterlässt mich etwas ratlos. Will FIH einen Verkauf vorbereiten? Steuern sparen? Eine Stimmrechtspoolung vorbereiten? Welchen Sinn macht es für eine Holding, bei einer Beteiligung noch eine zusätzliche Hirarchieebene einzuziehen? Und warum wird es nicht auf der eigenen Seite publiziert, wenn da eh gerade ein Lagebericht veröffentlicht wird? Ansonsten: Die Aktienkurse von FIH und auch FOGL entwickeln sich derzeit zufriedenstellend und können bei mir die Wertrückgänge anderer Aktien gut ausgleichen. Ciao, Al Sting |
| al_sting - Dienstag, 18. September 2007 - 15:55 |
| Der Independent schreibt über Gerüchte für BHP als Farm-In-Partner von FOGL. Mir würde es gefallen. ;-). Die goldsuchende Tochter scheint erfolglos geblieben zu sein und denkt über antarktische Untersuchungen nach. Ciao, Al Sting Small Talk: BHP in the frame to take Falklands stake By Andrew Dewson Published: 17 September 2007 Companies have been prospecting for natural resources in the vicinity of the Falkland Islands for what seems like an eternity, and so far at least the results have been about as tempting as a winter holiday at Goose Green. However, some well-informed corners of the City believe that the situation is about to change radically for at least two regional players. The word is that Falklands Oil & Gas is poised to confirm that it has agreed a "farming-in" deal with the world's largest integrated mining group, BHP Billiton. Farming-in occurs when an exploration and production company invites a partner to share in the development and funding of a prospect. The company has already confirmed that it is deep in negotiations with several potential blue-chip partners about a farming-in arrangement, and as a result the shares have rocketed from below 75p to Friday's closing 157p over the past two months. However, a deal with as prestigious a partner as BHP should see even more punters pile into the shares. Although best-known as a mining stock, BHP has extensive oil interests, and expects several of its prospects to come into production over the nextsix months. Many observers have been highly sceptical about the prospects for significant and more importantly economically viable finds in the South Atlantic. Not only is the environment one of the least hospitable anywhere in the world, requiring deep sea rigs capable of working in the roughest seas, the Falklands is a long way from any major oil market. But with black gold hovering at close to all-time highs, in absolute terms at least, perhaps now majors are set to take the region more seriously. Elsewhere in the Falklands, recent newsflow has not been so good. Falklands Gold & Minerals confirmed that its drilling programme has failed to find commercial quantities of gold at Bluff Cove. The company still has £3.5m of cash, and the rumour is that it is considering a move even further south – into Antarctica, to be precise. How many geologists will be queuing up for a slice of the action is hard to tell – there is no shortage of demand for qualified geologists, and most locations don't require living life in the freezer. [...] http://news.independent.co.uk/business/analysis_and_features/article2970876.ece |
| al_sting - Dienstag, 2. Oktober 2007 - 14:53 |
| Gerade herausgegangen: BHP wird Farm-In-Partner für Falkland Oil&Gas und erhält einen Anteil von 40% an den Erträgen. Die finanziellen Details wurden nicht veröffentlicht. Damit dürfte das Beschaffen und Bezahlen einer Bohrinsel kein Problem mehr darstellen. Sowohl FOGL als auch FIH dürften von dieser NAchricht massiv profitieren. Nachricht wurde in Kurzform auch auf Reuters veröffentlicht. Habe aber noch nichts auf den Seiten von FOGL oder BHP gesehen. Ciao, Al Sting BHP Billiton Acquires Exploration and Production Rights Offshore the Falkland Islands Tuesday, October 02, 2007; Posted: 08:11 AM BHP Billiton announced today that it has acquired an interest in 14 exploration and production licenses offshore the Falkland Islands in the South Atlantic. The Company signed contracts with Falkland Oil and Gas Limited (FOGL) for rights to explore and, if successful, eventually produce oil and gas from the East Falkland Basin located off the southern and eastern coast of the Falkland Islands. BHP Billiton holds a 40 per cent interest in the acreage and is the designated operator. Falkland Oil and Gas Limited holds the remaining 60 percent interest. The production licenses cover approximately 18 million acres and are located in water depths ranging from approximately 656 to 6,570 feet (approximately 200 to 2,000 meters). "We believe this substantial Falklands acreage will be a good addition to BHP Billiton Petroleum's global portfolio and we look forward to working with our partner to pursue this under explored area," said Steve O'Rourke, President, Exploration, BHP Billiton Petroleum. "With our strong focus on growth, we now hold a significant interest in this high potential basin and will utilise the talent of our team to safely execute an exploration program in the Falkland Islands." About BHP Billiton BHP Billiton is the world's largest diversified resources company, with a portfolio of high-quality, long-life assets and a significant pipeline of growth projects. The Company employs approximately 39,000 people at more than 100 locations in more than 25 countries. BHP Billiton Petroleum is a substantial oil and gas exploration and production business. Its principal activities are oil and natural gas exploration, development, production and marketing. A license map of the area and further information can be found on our Internet site: http://www.bhpbilliton.com. SOURCE: BHP Billiton http://www.tradingmarkets.com/.site/news/Stock%20News/662251/ |
| al_sting - Dienstag, 2. Oktober 2007 - 15:24 |
| Hier kommt noch ein Nachschlag mit einigen Details. Würde mich freuen, wenn Chinaman und andere, der sich in der Branche besser auskennen, diesen Vertrag einschätzen könnten. Ciao, Al Sting Falkland Oil and Gas Limited Farm-out Agreement with BHP Billiton Falkland Oil and Gas Limited (“FOGL”) is pleased to announce that it has entered into a farm-out agreement with a subsidiary of BHP Billiton, the world’s largest diversified resources company, over FOGL’s 2002 and 2004 licences to the South and East of the Falkland Islands. Highlights: Ø Under the agreement a minimum of two exploration wells will be drilled in the next 3 years Ø The farm-out agreement applies to FOGL’s entire exploration acreage in the Falklands Ø BHP Billiton will acquire a 40% interest, with an option to increase its interest up to 65%, and will take over the operatorship of the licences Ø FOGL retains a substantial stake in the licences Ø BHP Billiton pays FOGL US$10 million in reimbursement of certain historical costs Ø New licence terms have been agreed with the Falkland Islands Government Ø The entry of BHP Billiton, a company with extensive deepwater exploration experience, into our licences confirms our view of the significant petroleum potential of the South and East Falkland Basins. Details of the agreement Under the terms of the agreement BHP Billiton will acquire a 40% interest in the 2002 and 2004 licences and will also, take over the operatorship of the licences, effective January 2008. In return BHP Billiton will pay four thirds of 40% of the costs of the forward work programme, including the drilling of two exploration wells and all other associated work to the completion of this drilling work. In addition, BHP Billiton will pay FOGL US$10 million in relation to certain costs already incurred by the company. BHP Billiton also has the option to further increase its interest in the licences up to 65%. Under this option arrangement, BHP Billiton will pay four thirds of its share of the costs of the forward work programme up to the completion of the drilling of two exploration wells, in relation to their additional interest and also, pay FOGL an additional contribution to historic costs on a pro-rata basis. This option will expire on 27 November 2007. Following discussions with the Falkland Islands Government it has been agreed to extend by 3 years the term of the first phases of the 2002 and 2004 licences, so that they now expire in December 2010. As part of this change to the licence terms a partial relinquishment of the 2004 licences will be made at the end of 2007. The Falkland Islands Government has also recently extended the second phase of the ‘open door’ licences to five years. The second phase of the licences will therefore, run from January 2011 to December 2015. The existing work commitments of the licences remain unchanged. http://www.londonstockexchange.com/LSECWS/IFSPages/MarketNewsPopup.aspx?id=1591972&source=RNS |
| al_sting - Donnerstag, 4. Oktober 2007 - 00:10 |
| Dieser Artikel unter www.oilbarrel.com beschreibt die Bedeutung und die Perspektiven des Farm-In-Deals mit BHP Billiton meines Erachtens sehr gut. Ein Punkt, der hier nicht erwähnt wurde, aber auch beachtenswert ist: BHP Billiton gehört zu den wenigen Multis, die keine Projekte in Argentinien haben und daher die zu erwartenden Konflikte mit Argentinien gut durchhalten können. Ich persönlich hoffe, dass Billiton seinen Anteil auf 65% aufstockten wird. Die verbleibenden Kosten von 12% könnte FOGL vielleicht sogar ohne weitere Kapitalerhöhung stemmen, mit 35% der Gesamterträge wäre man gut bedient. Shares In FOGL And Overlooked Global Petroleum Rally As BHP Billiton Signs Up To Falklands Exploration Campaign There has been speculation since mid-July about the identity of the major resources company that had entered farm-in talks with Falklands Oil & Gas Limited. The clue lay in the world of FOGL’s July statement, which referred to a resources, rather than oil, company. Now all has been revealed and Australian mining, metals and petroleum company BHP Billiton has been revealed as FOGL’s new partner. FOGL has long been seeking a farm-in partner with the deep pockets and inhouse resources to marshall a drilling campaign in the remote waters to the south and east of the Falkland Islands in the southern Atlantic. Mobilising a rig to the Falkland Islands will be a major financial undertaking - numbers of US$40 million a well are not outrageous - and there is little prospect of AIM-quoted FOGL, recently dumped by its partner Tullow Oil which inherited its share of the assets following its takeover of Hardman Resources, raising these kinds of sums on its own. It was therefore critical FOGL found a farm-in partner in order to meet its drilling commitments on the licences, which cover a vast tract of undrilled exploration acreage. Under the farm-in agreement, BHP will earn a 40 per cent interest and operatorship of the licences by drilling two wells over the next three years. It will pay some of FOGL’s drilling costs - BHP will pay 53.3 per cent of the well costs to earn its 40 per cent share – and pay FOGL US$10 million to cover some of its historical costs on the licences. These are not the most generous farm-in terms but they will start to look sweeter should BHP exercise an option to increase its stake to 65 per cent, at which point it must pay another US$6.5 million in historical costs and cover 87 per cent of the drilling costs. This would leave FOGL with just 13 per cent of the drilling costs (although on a US$100 million drilling programme that’s still a hefty bill), some of which would be offset by the US$16.5 million cash payment. BHP has until November 27 to exercise the option to take on 65 per cent of the licences. This is just under two months away and it would seem this short time frame has been allotted to give the Australian firm time to digest the masses of seismic and Controlled Source Electro-Magnetic (CSEM) survey data that FOGL accumulated over the licences. BHP’s decision to exercise the option is likely to be seen as a vote of confidence in the prospectivity of these undrilled waters and is likely to be the main share price driver until such time as that all-important first spud date is set. FOGL’s chief executive Tim Bushell said this was “a landmark deal” for the company. “The entry of BHP Billiton as operator provides us with their expertise in drilling in deepwater and sensitive environments, which combined with their access to rigs will continue the exploration programme and lead to the drilling of the first exploration wells in our licences,” he said. Shares in FOGL, which have more than doubled since July, added another 10.5 pence on the news to stand at 175 pence in afternoon trading. Fellow AIM firm Global Petroleum, which has seen its share price languish in the wake of a disappointing wildcat in the Kenyan deep offshore, also gained on the news of the BHP deal, adding 15.94 per cent to stand at 10 pence. Global, with a market cap of £15.7 million, has a 14 per cent stake in FOGL, with a market cap of £138 million. Investors can do their own sums. http://www.oilbarrel.com/news/article.html?body=1&key=oilbarrel_en:1191377151&feed=oilbarrel_en |
| al_sting - Donnerstag, 4. Oktober 2007 - 00:12 |
| Und noch ein Artikel der Times, der Kosten und Zeitplan der Bohrpläne anschneidet: BHP Billiton strikes $100m Falklands drilling deal Carl Mortished, International Business Editor BHP Billiton is dipping its toe into disputed waters with an agreement to fund a drilling programme offshore in the Falkland Islands. The Anglo-Australian resources group is joining forces with Falkland Oil and Gas, an AIM-listed company with rights over exploration acreage south of the islands. BHP will fund the majority of a drilling programme of between two and four wells at a cost of $100 million (£49 million). Tim Bushell, chief executive of Falkland Oil and Gas, said: “The introduction of a major company as a farm-in partner has been a key strategic objective over the last 18 months.” Floated on AIM three years ago, Falkland Oil and Gas has conducted extensive seismic surveys over offshore acreage that it secured in a 2002 licensing round. Mr Bushell said that the company had identified large prospects, but added that it needed financial backing to drill in water 3,000ft deep. “It’s not cheap to drill and, with high oil prices affecting the price of rigs, it’s even more difficult,” he said. BHP is acquiring 40 per cent of the licences with an option to increase to 65 per cent for an initial payment of $10 million, which will reimburse initial costs incurred by Falklands Oil and Gas. BHP will not only provide funds but will also take over the operation of the exploration programme and has access to rigs, a key advantage in a market where equipment is in short supply. The first well is likely to be drilled in a year’s time. The BHP initiative is the first sign of renewed commitment to Falklands exploration since the disappointing round of investments in the late 1990s when Shell, Amerada Hess and Lasmo acquired offshore licences in territory north of the islands. Six wells were drilled, with some hydrocarbon finds, but none of the discoveries were of a scale to justify investment in production platforms in depths of 1,000ft. The isolation of the Falklands and the lack of any infrastructure mean that discoveries would need to be of massive scale to justify investment. Moreover, a gas discovery would pose additional problems as the nearest market would be Argentina, which still claims sovereignty over the Falklands. http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article2577806.ece |
| al_sting - Freitag, 5. Oktober 2007 - 16:27 |
| Ein (wahrscheinlich und vorerst) letzter Artikel zu dem Thema: Die Chefs einiger in den Falklands engagierter Öl-Explorer haben eine gemiensame Präsentation abgehalten, über die in diesem recht informativen Artikel berichtet wird: http://www.falklandnews.com/public/story.cfm?get=4694&source=3 HYDROCARBONS DAILY RECORD: THURSDAY, 04 OCTOBER 2007 By J. Brock (FINN) TODAY’S BIG NEWS: (Falkland Islands) OIL OPERATORS’ PUBLIC MEETING REPORT (04/10/2007) By J. Brock (FINN) An oil operators’ public meeting was held in the Court and Council Chamber of the Town Hall at 1700hrs on Thursday, 04 October 2007. Present were Mrs. Phyl Rendell, Director of Minerals and Agriculture, Dr. Phil Richards, British Geological Survey (GBS), Cllr. Dr. Andrea Clausen, Dr. Colin Phipps (DES), Mr Tim Bushell (FOGL), Dr Howard Obee (BOR), Mr. Sam Moody (RKH), Mr. John Hogan (ARGOS) and Dr John Perry (RPS). Mr. Tim Bushell gave a Power-Point presentation on behalf of the operators present and began by telling the 30 members of the public that were present that the North, South and East Falklands Basins were near the Magalanes and Malvinas Basins to the south and east where commercial amounts of oil are being discovered and exploited. He then went into a brief history of exploration in the North Falklands Basin in 1997/98, commenting that there were six wells drilled and though no commercial quantities of hydrocarbons found Desire Petroleum carried on with additional seismic. Other companies such as Rockhopper Petroleum and Argos operating in the north and FOGL and Borders & Southern decided to explore in the south. In this new round of exploration interest there has been no exploration drilling though Desire Petroleum is ready to drill as soon as a rig is available. Mr. Bushell said that it was good to have BHP Billiton sign a farm-in agreement because it meant that an appropriate rig could become available sooner rather than later and an agreement signed means that exploration wells had to be drilled within the next three years. He went on to say that other large oil companies could be interested in the area if they think BHP Billiton could be successful. The risk level also has to be dealt with. Thanks to new technology like 3D seismic and CSEM there is a better picture of what is beneath the seabed in the prospects that have been pin-pointed by the 3D Seismic. Big companies are not willing to invest unless the risk assessment is one in three at least. This is a frontier area and this must be taken into account when investing. Mr. Bushell said the sovereignty issue is in the background as well. Dr. John Perry then presented a slide show about the Environmental Impact Assessment process. It was RPS that did the Environmental Impact Assessment for Desire Petroleum in 2005/06. He said that before any drilling goes on the assessment has to be done. Baseline studies have to be done but if there is any missing information it has to be acquired before the assessment report is presented in the Gazette, for public consultation, and on to the UK for review. Mr. Bushell then explained the Farm-in deal with BHP Billiton by saying that FOGL had been approached by them and it took a year for them to make a decision to take the risk to explore in the South and East Falklands Basins. BHP have a successful deep water drilling programme and the appropriate drill ships to complete exploration here. There could be 6 to 10 wells and the rig or drill ship would be committed for a year. Mr. Bushell and a representative from BHP will be coming to the Falklands in January. He went on to say that acquiring the right rig to do the job would be easier for BHP. There was mention of an LNG plant that could be a possibility for an offshore island in the Falklands. This is only a possibility, he stressed and it would only come about if large commercially viable amounts of natural gas were found. A member of the public asked how it was possible to estimate how much resource was beneath the seabed. Dr. Phipps explained that with new technology the size of the “Traps” could be assessed and the amount of hydrocarbons in them could be estimated. Oil slicks had been found via satellite in the North Falklands Basin and the Shell data indicated that the thick source rock extends that far north. Estimates of 60Billion barrels in the area that have been created and expelled have been identified by Shell. FOGL has found oil and gas chimneys that are easy to identify because oil has a calming affect on the sea. Several passes of the satellite helped to discern whether it was a ship clearing out its bilges or a true oil/gas chimney. Operators agreed that data from each new well would be shared as the drill rig/ship would be shared. Dr Phipps explained that there are 30 new rigs ready to begin service as well as old rigs being refurbished and the increased numbers would help to bring the per day price down. He explained that a drill ship or a dynamically positioned rig would be suitable in all water depths around the Falklands. A drill ship is easier to move around than a dynamically positioned rig and money could be saved using a drill ship due to the time savings transiting between one prospect and another. A question was asked about support services and onshore activity. Business would increase in many areas – food, accommodation, warehousing, office space, etc. There would need to be unspecified facilities for a helicopter at the Stanley Airport and 24/7 access for all infrastructure involved with the oil business. Ciao, Al Sting |
| chinaman - Samstag, 6. Oktober 2007 - 11:47 |
| @ Al Sting: Ich sehe das agreement mit BHP positiv. Natürlich "verliert" man Projektanteile, aber man gewinnt die Fianzierungskraft und das Know-How eines Multis. Ohne beides wäre es dauerhaft nicht gegangen und der BHP Einstieg beweist die substanzhaltigkeit der Lizenzen. Gruß Chinaman |