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FINN(COM) Daily Record: Monday, 03 October 2005

SARTMA DAILY (03/10/05)

 

Compiled by J. Brock (FINN)

 

 

CONTENTS:

 

Section 1:  South Atlantic News

 

Section 2:  Hydrocarbons News

 

Section 3:  Business News from St. Helena

 

Section 4:  Announcements

 

 

 

Section 1:

 

SOUTH ATLANTIC NEWS

 

TRISTAN’S WOMEN SETTLE STRIKE

 

By J. Brock (SARTMA-TdC)

 

The strike by part time workers at Tristan da Cunha’s Lobster Factory has been settled.  On Friday, 30 September 2005 the fishing company in conjunction with the Head of Natural Resources and a Supervisor representing the women had a meeting at which the Company made another offer.

 

This time the women accepted the deal, which has raised their per box rate by 12.94%, with extra fees for working on Saturday.

 

Although the offer was not what the women asked for, they felt that everyone wanted an end to the strike.  If it had gone on, the strike could have affected everyone on the Island and lost much needed revenue.

 

 

THE LATEST FROM SOUTH GEORGIA

 

By J. Brock (SARTMA)

 

The South Georgia website has now been updated with news from September.  The fisheries fines have been covered in Sartma Daily but there is lots of other news on this very worthwhile website.  Enjoy!

 

The September South Georgia News and Events have arrived. This month:

- Big Rise in Tourist Numbers Expected for the Coming Season
- Fines Set for Fishery Court Cases
- Visit from "HMS Dumbarton Castle"
- Not Yet Got That Sinking Feeling
- New Species of Killer Whale?
- New First Day Cover
- Newborns
- South Georgia Snippets
- 1972 BAS Midwinter Party at KEP

http://www.sgisland.org/pages/main/news.htm

 

 

Section 2:

 

OIL SLICKS AND GAS CHIMNEYS: FOGLE’S ACREAGE HAS IT ALL

 

By J. Brock (FINN)

 

When Falkland Islands Oil and Gal Limited (FOGL’s) John Armstrong and Patrick Bird go to the United States this week, they will have some pretty impressive seismic data with them.  It is their hope to interest investors in the South Falkland Basin, where 2D Seismic (including satellite imagery) has shown crude slicks on the ocean and gas bubbles from reserves below the seabed in their acreage. 

 

Results of the 2 D survey have been placed on FOGL’s website at http://www.fogl.co.uk.  There are 44 pages that show.  This presentation shows the status of FOGL’s business as of October 2005 and it’s intended to bring shareholders, potential investors and possible partners up to date as to the state of the Company’s business.

 

As reported before, FOGL has 79,000 sq km with several play types – more than 130 leads that include encouraging direct hydrocarbon indicators.  Twenty drillable projects have been identified with a target date for drilling in 2007.  The direct hydrocarbon indications or evidence of the presence of hydrocarbons include Gas Chimneys, amplitudes, Gas Hydrates and possible flat spots.

 

Graphics include Cretaceous Fault Blocks – Amplitudes that may indicate oil and gas, Fold Belt Trap Potential, Gas Chimneys Springhill Sand – large stratigraphic trap, Tertiary deepwater channels and fan sands, etc.  There are 10 pages of graphics.

 

Financially FOGL has raised over £12Million since its founding in 2004, with a market cap of £32Million.  £10Million alone was raised in 2005.  With no debts, FOGL has a cash balance of £19.3Million (US$36Million) with a market cap of £116Million (US$213Million).  At present FOGL has 91.7 Million shares with an average daily volume of 733,000 at 120p per share (US$2.19/share).

 

FINN could go on for 44 pages but it is highly recommended that interested parties go to FOGL’s website to see the presentation for themselves.

 

 

 

Section 3:

 

BUSINESS NEWS FROM ST. HELENA

 

 

 

Section 4:

 

ANNOUNCEMENTS:

 

The Public Works Department advises that the junction between Ross Road and Philomel Hill will be temporarily closed to all traffic to allow asphalt resurfacing.  The Closed area will include the access and car park behind the Jetty Visitors’ Centre and the Western Access to the FIC East Jetty.  The Closure will be from Wednesday, 05 October for a period of at least one week – weather dependent.  Motorists are advised to use an alternative route and alternative parking arrangements if required.

 

The Falkland Islands Government has for sale by tender four Land Rover Defenders, one Van and 2 Suzuki vehicles.  Reserve prices have been set for these vehicles and offers below the indicated reserve will not be considered.  Tender documents are available from the PWD Office Ross Road, Stanley.  Completed tender documents should be returned on or before 1500 on Friday, 15 October 2005.  The Falkland Islands Government reserves the right  to reject any tender received.

 

The Falklands Gun Club will hold their 2005 Annual General Meeting on 08 November 2005 in the Geography Room of the FICS.  Items for the agenda should be submitted to the Secretary, Steve Dent, by 01 November 2005.

 

 

 

 

 

SARTMA DAILY (03/10/05)

 

Compiled by J. Brock (FINN)

 

 

CONTENTS:

 

Section 1:  South Atlantic News

 

Section 2:  Hydrocarbons News

 

Section 3:  Business News from St. Helena

 

Section 4:  Announcements

 

 

 

Section 1:

 

SOUTH ATLANTIC NEWS

 

TRISTAN’S WOMEN SETTLE STRIKE

 

By J. Brock (SARTMA-TdC)

 

The strike by part time workers at Tristan da Cunha’s Lobster Factory has been settled.  On Friday, 30 September 2005 the fishing company in conjunction with the Head of Natural Resources and a Supervisor representing the women had a meeting at which the Company made another offer.

 

This time the women accepted the deal, which has raised their per box rate by 12.94%, with extra fees for working on Saturday.

 

Although the offer was not what the women asked for, they felt that everyone wanted an end to the strike.  If it had gone on, the strike could have affected everyone on the Island and lost much needed revenue.

 

 

THE LATEST FROM SOUTH GEORGIA

 

By J. Brock (SARTMA)

 

The South Georgia website has now been updated with news from September.  The fisheries fines have been covered in Sartma Daily but there is lots of other news on this very worthwhile website.  Enjoy!

 

The September South Georgia News and Events have arrived. This month:

- Big Rise in Tourist Numbers Expected for the Coming Season
- Fines Set for Fishery Court Cases
- Visit from "HMS Dumbarton Castle"
- Not Yet Got That Sinking Feeling
- New Species of Killer Whale?
- New First Day Cover
- Newborns
- South Georgia Snippets
- 1972 BAS Midwinter Party at KEP

http://www.sgisland.org/pages/main/news.htm

 

 

Section 2:

 

OIL SLICKS AND GAS CHIMNEYS: FOGLE’S ACREAGE HAS IT ALL

 

By J. Brock (FINN)

 

When Falkland Islands Oil and Gal Limited (FOGL’s) John Armstrong and Patrick Bird go to the United States this week, they will have some pretty impressive seismic data with them.  It is their hope to interest investors in the South Falkland Basin, where 2D Seismic (including satellite imagery) has shown crude slicks on the ocean and gas bubbles from reserves below the seabed in their acreage. 

 

Results of the 2 D survey have been placed on FOGL’s website at http://www.fogl.co.uk.  There are 44 pages that show.  This presentation shows the status of FOGL’s business as of October 2005 and it’s intended to bring shareholders, potential investors and possible partners up to date as to the state of the Company’s business.

 

As reported before, FOGL has 79,000 sq km with several play types – more than 130 leads that include encouraging direct hydrocarbon indicators.  Twenty drillable projects have been identified with a target date for drilling in 2007.  The direct hydrocarbon indications or evidence of the presence of hydrocarbons include Gas Chimneys, amplitudes, Gas Hydrates and possible flat spots.

 

Graphics include Cretaceous Fault Blocks – Amplitudes that may indicate oil and gas, Fold Belt Trap Potential, Gas Chimneys Springhill Sand – large stratigraphic trap, Tertiary deepwater channels and fan sands, etc.  There are 10 pages of graphics.

 

Financially FOGL has raised over £12Million since its founding in 2004, with a market cap of £32Million.  £10Million alone was raised in 2005.  With no debts, FOGL has a cash balance of £19.3Million (US$36Million) with a market cap of £116Million (US$213Million).  At present FOGL has 91.7 Million shares with an average daily volume of 733,000 at 120p per share (US$2.19/share).

 

FINN could go on for 44 pages but it is highly recommended that interested parties go to FOGL’s website to see the presentation for themselves.

 

 

 

Section 3:

 

BUSINESS NEWS FROM ST. HELENA

 

 

 

Section 4:

 

ANNOUNCEMENTS:

 

The Public Works Department advises that the junction between Ross Road and Philomel Hill will be temporarily closed to all traffic to allow asphalt resurfacing.  The Closed area will include the access and car park behind the Jetty Visitors’ Centre and the Western Access to the FIC East Jetty.  The Closure will be from Wednesday, 05 October for a period of at least one week – weather dependent.  Motorists are advised to use an alternative route and alternative parking arrangements if required.

 

The Falkland Islands Government has for sale by tender four Land Rover Defenders, one Van and 2 Suzuki vehicles.  Reserve prices have been set for these vehicles and offers below the indicated reserve will not be considered.  Tender documents are available from the PWD Office Ross Road, Stanley.  Completed tender documents should be returned on or before 1500 on Friday, 15 October 2005.  The Falkland Islands Government reserves the right  to reject any tender received.

 

The Falklands Gun Club will hold their 2005 Annual General Meeting on 08 November 2005 in the Geography Room of the FICS.  Items for the agenda should be submitted to the Secretary, Steve Dent, by 01 November 2005.

 

 

 

 

 

 

 

 

 

 

 

Websites:  http://www.falklandnews.com. http://www.tristantimes.com, http://www.the-islander.org.ac, http://www.sartma.com, http://www.news.co.sh

 

 

 

 

 

 

 

 

 

Websites:  http://www.falklandnews.com. http://www.tristantimes.com, http://www.the-islander.org.ac, http://www.sartma.com, http://www.news.co.sh

 

 

 



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