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Would you have a cheeky punt on these?
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FOGL have the oil. But, like everything else in the Falklands, its uneconomic and can only function with a huge subsidy.“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0
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Glen_Clark wrote: »like everything else in the Falklands, its uneconomic and can only function with a huge subsidy.
except the penguins0 -
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The RKH oil is economic, they even got someone to come in and pay all of their costs. They just got to wait for the profit in a few years
FOGL has drilling costs paid, doesnt mean they are covered for how much it'll take to extract which is where it can fail to be lucrative
http://www.iii.co.uk/tv/episode/falklands-focus-winners-and-losers0
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