Democratic Underground - Falklands oil search disappoints

Reply #11: Falklands oil search disappoints [View All]

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Mon Mar-29-10 05:07 PM
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11. Falklands oil search disappoints

http://news.bbc.co.uk/2/low/business/8592734.stm

Shares in Desire Petroleum have almost halved after the oil explorer said a well being drilled off the Falkland Islands may not be economically viable.

Shares in other companies operating off the Falklands also fell amid fears that the region's reserves may disappoint.

The well is the first to be drilled off the islands for a decade, sparking a diplomatic row with Argentina which has renewed its claim to the Falklands.

Shares in Desire ended Monday trading in London down 49.5%.

...snip...

http://news.bbc.co.uk/2/low/business/8592734.stm

Yeahhhh....you're not going to get investment dollars like that...

Anyone ever wonder why exploration companies are wanting to go into place like ANWR and deep water? Anyone ever wonder how we're going to mitigate climate change without reducing our dependence on oil? Any ever wonder why we need to transition to a green economy?

DOES ANYONE GIVE A FUCK ABOUT THIS ISSUE?

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Reply #11: Falklands oil search disappoints [View All]

DOES ANYONE GIVE A FUCK ABOUT THIS ISSUE?