Company seeking partner for exploratory oil well off Malta

Jurgen Farrugia

Aug 14th 2012, 11:14

I dont understand this business. So if it is a private company that is going to drill for oil, what will be the Government share (normally in other countries)?

Arthur Taliana

Aug 14th 2012, 08:35

This company can always call for a SPV as was done for Parliament Buildings, one supposes.

Antoine Xuereb

Aug 14th 2012, 07:55

Indunajna, gejja l-elezzjoni u dejjem se nsibu iz-zejt 4 xhur qabel. Ahjar inbiddlu ftit id diska f'dan il-pajjiz!

Konrad Scicluna

Aug 13th 2012, 22:48

I do not know what the fuss is about!.

On the 1st August Mediterrenean Oil and Gas bought out a 10% stake previoulsy owned by another company (called Leni Gas and Oil) for a nominal fee of (US$ 1, yes ONE US DOLLAR) and assumed this companies Liabilities and US$ 19.050 associated with the project. On the 11th August, the Malta Government approved the transfer.

Matthew Grima

Aug 13th 2012, 22:03

Will Malta get anything if this is successful?

I've no idea how this business is run.

John Zammit Ph.D.

Aug 13th 2012, 20:58

Did you contact Joe Mizzi - Labour MP and Whip who everytime says to elect him and he will bring "up" oil!!!

Joseph Brincat

Aug 13th 2012, 20:43

Rachel Borg
Today, 18:44
@ hat thinking a change of power such as that of Joseph Muscat will solve all our problems.
SO YOU ADMIT THAT THE PN HAD PUT US IN BIG PROBLEMS !!!!

Toni Botta
Today, 18:47
@ sometimes its just makes you wonder...
YOU should wonder my Friend, for it is plain to see that in 25 YEAES THE PN DID NOT KNOW HOW TO
Govern whit out DEBIT that to day the debit is 6 BILLION euros + MORE + RECESSION, MALTA is in
on her knees, AND ANOTHER PN in Power we END UP LIKE >> GREECE !!!
in

Charles Vella

Aug 13th 2012, 20:23

Haga wahda nighd... il Lejber se jitla fil gvern ghax hemm hafna Nazzjonalista li MHUX SE JIVVOTTAW, u MHUX ghax il maggoranza tal poplu jkun ghazel gvern Laburista!

Issa la in Nazzjonalisti se jaghtu cans lil Labour jiehu ir riedni tal pajjiz f'idejh, la jibda l'ghaks (ghax il lejber dejjem ghaks u dwejjaq gab - see it's History) u Red China Dock, Sruq ta National Bank u inbidel f'BOV u illum ghad hemm il griefex li gerfex Mintoff u hadd ma jistax jsib tarf, Air Malta b'ajruplani u Piloti PAKISTANI, Kalaxlokk, Dry Docks li spiccat fallutta mill GWU il baby tal Lejber etc etc!!

Il punt tieghi hu li ghal dawk in Nazzjonalisti li mhux se jivvottaw, la jibda l'ghaks, JIEN nibda niehu gost ghax nighd HAQQKOM se tiehdu! Ic cuccata hi li habba fikom, taht il Lejber se nbati jien ukoll, ghax taht il Lejber HADD ma jonfoq flus, ghalhekk jien se nkun ta l'ewwel li nispicca bla xoghol!

Grazzi bil quddiem!

Frank Chetcuti

Aug 13th 2012, 19:48

Why do we have to mention the politicians in every subject.
They are all same.

Mr Ludwig Flask

Aug 13th 2012, 18:53

"...MOG has an 90% ownership in four blocks located in offshore Malta..." can someone explain what this means?

Justin Spiteri

Aug 13th 2012, 18:18

That's 50 million barrels of oil... or 7.5 years' of supply to malta (at the current 18,000 barrels of oil per day we consume). Not too bad if we play the cards right.

Toni Botta

Aug 13th 2012, 18:15

@ Joseph Brincat

What an idiotic argument, as if JM will be in power he'll get the merit for all the other good things the PN goverment did in the past.

I'd like to see one honest and viable promise yet from JM........

Joseph Brincat

Aug 13th 2012, 18:05

Mediterranean Oil and Gas (MOG) it intends to drill south of Malta next year
NO PROBLEM NEXT YEAR JOSEPH MUSCAT WILL BE IN POWER