A London based company has found oil off the Mayo coast. They were looking for gas. The company is called SERICA ENERGY(SQZ) and they are listed on the AIM. Nothing in todays business pages online either, but apparently its a significant find.
http://www.londonstockexchange.com/L...785&source=RNS
I presume the law is still the same as with Shell and the company gets the keep what it finds and we get nothing?
Last edited by Digout; 10th June 2009 at 07:02 AM.
Not at all Digout. . . You are being a Negative Nellie again and on one likes a Negative Nellie. . . .You must have few friends with an attitude like that ! This is good news and the revenue will help the economy and in turn help your rulers to continue to rule you !Originally Posted by Digout
What revenue?
I note MM FF Comments yea it is great news more dosh for the old FF Gang while they sell the country down the drain. We need that lot FF out before this SERICA ENERGY(SQZ) look for the same deal Shell got. Is there anyone in FF or the Greens you would trust to sign any such deal?
That report said they have a 15 year license from 2006. Does that mean they get shell rights until 2021?
Actual morality is doing what is right regardless of what you're told. Religious morality is doing what you're told, regardless of if it's right.
Turned out it was just P. Flynn going for a swim.
Do they have oil rights, though? If only gas rights, or exploration rights, then there is room to claim the resources for the Irish people who they rightfully belong to.
Please sign the petition to establish a national day of celebration in honour of the vision of the United Irishmen!
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You’re probably correct and it would be a pleasant surprise to see the government actually formulate a good deal for us, but I’m sceptical that they’ll do that.
Considering their initial dealings with energy companies, we can probably look forward to more brown envelope, backroom dealings.
The Times, The Examiner and the Independent have stories on this now.
They have a share, according to Reuters: Serica holds a 50 percent interest in Irish petroleum exploration licence FEL 1/06 in the Slyne Basin. The remaining interest is held by Germany's RWE Dea (RWEG.DE).
UPDATE 1-Serica Energy finds oil offshore Ireland | Industries | Energy | Reuters
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