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AN EXPLORATION COMPANY with rights to explore an area off the west coast of Co Kerry claims the field has shown the potential to hold hundreds of millions of barrels worth of oil.
Petrel Resources says the site in ‘Quad 45′, about 100 kilometres to the west of Valentia Island, has “the capability to hold several hundred million barrels of in-place oil”.
The site was authorised for exploration in 2011, when 13 various sites in the Porcupine Basin off the west coast were offered for new ventures.
Petrel was offered two of those sites; the other site in ‘Quad 35′, about 120 kilometres west of the Dingle peninsula, showed the capability of hosting in excess of a billion barrels of oil.
Quad 45 lies about 35 kilometres northeast of an area in the Dunquin prospect, which is already the focus of a major prospective drilling operation from a consortium led by Exxon Mobil.
The Quad 45 plot licensed to Petrel is shown here in pink with a red mark around it.
Petrel said it had purchased additional seismic data of the area and has carried out further regional seismic mapping.
“We have long believed that the offshore Porcupine Basin is a hydrocarbon province,” Petrel managing director David Horgan said in a media release.
“This has been further supported by our recent work in identifying potential prospects on both of our blocks.
“We look forward to increased activities across the Basin which we believe has the potential to be a major new oil province. We have commenced our search for potential partners.”
Shares in Petrel rose by over 10 per cent in early trading in London this morning.
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I can see one slight difference between the two pictures. If you look very closely you will see that one contains an image of a great leader, respected, loved and trusted by the people who elected him. In the other you will see Enda Kenny!
One picture has a charismatic, handsome leader of the free world. The other has a muck savage from Mayo with as much charisma as a head of cabbage!
That’s a bit harsh on the cabbage.
Never gave FG my first preference vote but Kenny and Noonan doing a great job in saving what was a sinking ship Why can’t people give credit where credit is due.
I will, when they earn the credit.
How long you working for FG PR team ???
I’m not, otherwise I’d have to give the hoors free credit.
Frank, take off your rose tinted spectacles and read the real background of the charismatic leader and you’ll find the leader in the 2013 photo comes out miles ahead.
@Tom…please enlighten us on how they are doing such a great job???Last time I checked our dole queues have gotten bigger since they took power and would be completely out of control only for emigration. Our health service is even worse than when Harney was in charge. They managed to turn promissory notes in to sovereign debt ensuring that mine and your children and grandchildren will be saddled with debt before they can even talk. Not one banker/politician/developer/regulator who caused this has seen the inside of a court room, never mind the inside of a jail cell. Suicide has reached epidemic proportions yet they do nothing about it. They have made savage cuts to the most vulnerable in society (respite care/carers allowance, fuel allowance for the elderly, and just this week cuts to children with special needs to name a few) while at the same time protecting the wealthy and tax dodging multi-national billionaires. Mortgage arrears are out of control yet they still rammed through property tax and with water tax on the way, that number is likely to grow exponentially. Politicians and senior CS figures are still paying themselves obscene wages and expenses despite the fact that we are broke. Cronyism is still alive and well in Leinster house (Mrs. Gilmore anyone???) I could go on and on all day but you see where this is going. So take your head out of Cabbage Kennys @ss for a minute and you might be able to tell the wood from the trees.
@John…read my post…I said he was handsome and charismatic….no more, no less. And I know all about JFK’s life story and trust me, the afore mentioned cabbage from Mayo isn’t fit to polish his shoes.
Frank
Let’s be very careful about the statistics we throw around as if we were experts. You claim that suicide has reached epidemic proportions and clearly link these data to economic performance for which you blame the Taoiseach. Well sir perhaps we should deal with the facts and in 2012 nearly five hundred people regretfully took their own lives in Ireland and this was a decline of sic percent on the previous year and reaches a figure just in excess of eleven per hundred thousand of population. These rates are substantially unchanged over the past ten years and are way below those experienced in many other EU countries.
Each of these cases is a monumental tragedy for our Society but should not be misused by you while trying to make a cheap political point. You should be ashamed of yourself.
Enda Kenny “you’re no Jack Kennedy” – as was said in a US presidential debate
Tom I think that Kenny and Noonan are two off the biggest ClusterF**ks going!! But I see you point they are getting somewhere but they’re just going the wrong way about it and making the joe soap pay for it…..
John C,
JFK was and is a political icon for hope and change to not only “oirish” Americans but for people who believe in the power of the democratic system to bring about positive change for the marginalized and oppressed all over the world. He ranks up there with Lincoln. Obama was heralded as having a Kennedy political style. Unfortunately it has proven to be all style and little beneficial substance.
I wish Enda Kenny was not involved in the stand in pictures as he is no JFK and that’s for sure.
Just compare our Plastic Catholic Taoiseach’s publicly expressed view on religion in politics versus those of the democratic candidate’s views expressed in his address to the Greater Houston Ministerial Association, September 12, 1960 Huston.
Of course times were different but the context and spirit of the speech is inspirational.
See it at; http://www.jfklibrary.org/Asset-Viewer/ALL6YEBJMEKYGMCntnSCvg.aspx
It will be 15minutes well spent.
‘You’re no Jack Kennedy’
nice tea-pot; CJH perhaps?
Looks like the one that CJH stole from Russborough collection and gave to Maggot Thatcher.
For the benefit of the younger readers:
http://www.youtube.com/watch?v=iQ5CIkSlUFI
A very apt quote from J. Dunne. Ednas kind of like the lovechild offspring of Dan Quayle and Bosco.
I’m shocked Ryan Tubridy is not in either photo……..#whereswally.
The Special Olympics world games in Ireland 10th anniversary took place this week. I wonder has Enda told the Kennedy family about the cuts (that aren’t cuts) to Special Education?
What a total joke Our so called leader. Claire Daly summed him up 100%. He’d turn up at anything American orientated looking for a pat on the head.
What an excellent use of his time. I’ll rest easier knowing that our glorious leader is taking time out from ‘rescuing’ the country to drink tea in Wexford. Monumental prat that he is.
Kenny is a total hypocrite .lighting a flame to remember the blight of emigration . ………
I’m not working for FG or labour but I think Enda is doing a good job as our leader you have to remember we’re in this quagmire because of successive FF rule.
I believe you
course your not wink* wink*
The more I hear & see of Kenny recently the more I see a hapless fool devoid of intellect or ability.
Instead he relies on his handlers to plagiarise speeches and events in a pathetic attempt to inject meaning in the lame puppet from Castlebar.
Be ready for the forthcoming “I have a dream” speech.
At least it’s not tea bagging ;-)
Ah, go awn, go awn, go awn, go awn, go awn, go awn, go awn. And ye’ll have a sangwidge too wont ye.
‘Tear-pouring’?
Odd Kenny would not have looked out of place in the original picture from 50 years ago….
Nice doggy…. Nice doggy…
Kenny is very handsome.
Don’t be fooled…. he is a vacuum pack.
I wonder which of them has the most notches on his belt ?
Well said Neil h
If a cup of tea was grand then , why does it always have to be a pint now. I mean we brew tea here too like !
He has no balls, all he’s short is a frock and handbag! The Brazilian riots, are a result of Broken Promises by politicians and the Irish are still hibernating!
We’re all behind you Stephen – so we’re do we meet?
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