• 3 minutes China's aggression is changing the nature of sovereignty.
  • 8 minutes Will Variants and Ill-Health Continue to Plague Economic Outlooks?
  • 11 minutes Europe gas market -how it started how its going
  • 7 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 hours The Fascist Dictatorship called Russia under Dictator for Life Putin
  • 19 hours Russia, Ukraine and "2022: The Year Ahead"
  • 18 hours Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.
  • 4 hours FOREX. Currencies of oil-producing countries.
  • 2 days "Tackling One Of The Fracking Industry’s Biggest Problems" by Robert Rapier
  • 3 days Energy Storage Could Emerge As The Hottest Market Of 2022
  • 3 days January 23rd - Washington D.C. and Brussels - Demonstrations Against Tyranny
  • 2 days NordStream2
  • 2 days Following the Big Money
Editorial Dept

Editorial Dept

More Info

FALKLAND ISLANDS: The Real Threat—Disappointing Drilling

Bottom Line: As 99.8% of Falkland Islanders vote ‘yes’ in a referendum to remain a self-governing British overseas territory, Argentina rejects the referendum as meaningless. The rhetoric is likely to remain just that. Oil and gas exploration will continue unabated and for now unthreatened. Argentine President Cristina Kirchner’s popularity is declining, and the Falkland Islands issue is an easy target for raising nationalist sentiments—a tried-and-true strategy for bolstering support.

Analysis: On 11 March 2013, Falkland Islanders voted in a referendum on their status, with a 92% voter turnout and a near unanimous “yes” vote. It was a vote that the five oil and gas companies currently exploring offshore here were monitoring uncertainly, but largely optimistically. While an armed conflict between Argentina and the UK over the Falkland Islands would indeed impede the exploration that is already underway and prevent new exploration activities, as well as jeopardize these companies’ stock prices, we do not believe that the situation will come to this in the near or medium term. The bigger threat to these companies is disappointing exploration results. Late last November, Falkland Oil & Gas (FLKOF.PK) saw its stock plunge 50% after disappointing drilling results. It could still hit big oil in its ongoing drilling campaigns, but disappointment remains the greatest threat to E&P companies. Threats emanating from Argentina are…




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News