WELL WELL WELL!
13 licences granted for oil & gas exploration - RT News
'Thirteen new licences have been granted for gas and oil exploration for the Rockall, Slyne and Porcupine basins off the Irish coast.
Minister for Communications, Energy and Natural Resources Pat Rabbitte said the licences were granted following an assessment of 15 applications submitted last May.'
I thought we didn't own Rochall. Didn't the UK win that argument in the 70's by posting a Royal Navy sailor to live there?
"Who will bailout the IMF after FF is finished with them?"
"No one rules if no one obeys" - Tao
The new license is for Irish area of the Rockall Basin, rather than near the disputed territory.Originally Posted by seabhcan
I believe a final decision on the status of Rockall is with a UN body.
I wonder how many wells could be drilled with that billion scum announced they are handing over to the credit-unions.
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Have Rabbitte & the LP finally sold out the Irish people? It looks like it.a 2006 study, commissioned by Minister Rabbitte’s department, projected there is about €750 billion worth of oil and gas off the west coast...The problem is that our present fiscal terms with interested oil and gas giants favour the bulging coffers of these super-rich multinational companies and not the empty vaults of the Irish exchequer
Will Rabbitte walk the plank over oil and gas resources?
Here's the full press release for today's announcement:
Atlantic Ireland 2011 Dublin 17 October 2011 - Department of Communications, Energy and Natural Resources
More on the Rockall dispute here:
"The four competing applications are likely to be reviewed by the UN's Commission on the Limits of the Continental Shelf (CLCS) in March." It's still being considered
Oil billions at stake as UN examines British claims to Rockall | UK news | The Guardian
Interesting. I wonder where they are looking. Oil is usually on the continental shelf, rather than the deep sea (afaik).
map of Ireland - Google Maps
Are they looking around the Rockall shelf? Thats very far out in the atlantic and would be pushing the boundary for exploration.
"Who will bailout the IMF after FF is finished with them?"
same old, same old, labour n fine gael keeping the buds happy
The press release is all about finding oil. Little mention of the gains for the State - because there aren't any.
There's no evidence for this, in fact there is substantial evidence for exactly the opposite.While even a small number of new commercial discoveries would bring significant benefits in terms of both tax revenue and strengthened energy security of supply..
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