Genel completes acquisition of controlling stake in oil exploration south of Malta

Michael Seychell

Mar 5th, 15:09

How pathetic - don't you understand that this is a private international and the only interest it has is finding oil from which it will make huge profits. You can rest assured that those running this Company do not even know who is Lawrence and for that matter Joseph Muscat. Michael Seychell Tal-Pieta

Franco Attard Trevisan

Mar 5th, 18:33

why do you know of a single company in the world who invests millions so others take the profits instead of it????

what's your point exactly??

Pippo de Marco

Mar 5th, 11:33

Or whenever there is an 'R' in the month and the weather is 'satisfactory'. - But this could change at long or short notice :-)

W. Cassar

Mar 5th, 10:52

It wouldn't be the first time....one can only hope that some of it would trickle down.

Pippo de Marco

Mar 5th, 11:45

You are probably right, but if we became even a moderate sized oil producer, then it would be virtually impossible for anyone to form a government without guaranteeing that our energy bills would be slashed to the bone and we would get many more benefits as well.

Unless they could deliver those things then they might as well leave the Oil in the ground.

Gorg Sciberras

Mar 5th, 12:06

Why would it be an election gimmick? How does who is in government determine whether these companies will strike oil? If they strike oil. the profits will end up mainly in the pocket of these large multinationals of course - hopefully government will have signed some profit-sharing agreement or set up some taxes which will benefit Malta.

J Martinelli

Mar 5th, 13:06

Would anyone spend $10 million just for a short-lived thrill, you call a gimmick? Don't blame you though since you, like many, has been living a life of gimmicks for five years now.
E Schembri, corruption is out there in scads and no Muscat or Gonzi is going to stop it. The difference is that one hides criminal acts while the other goes to the police.
Forget MLP's past? How about the present?

J Martinelli

Mar 5th, 14:04

@ Pippo

What good is it, if in a year or two we strike oil, when Joseph's LNG fired power station, as promised, will come on line and the inter-connector would have been operational for one whole year?
The 600 million, plus interest, plus profit for the 'unknown investor' would have to be paid back, no?
Let's not spend it before we even know the outcome.

Anthony Grech

Mar 5th, 12:41

First, are you sure that we didn't strike oil Mr Gauder? Secondly this is not the first time that drilling was done in an undisputed area. If your statement is correct I am sorry but I never tought that Kercem-Gozo was a disputed area.

A M Bonello

Mar 5th, 09:15

Really?Did they?

Paul Borg

Mar 5th, 09:19

F'25 sena ma haffrux darba u Alfred Sant f'sitt xhur ghamel it -tests u haffer 5000mtrs biex ikollu stampa cara il-fejn irid ihaffer. Allajbierek 3 ijiem qabel l-elezzjoni qed infittxu ghaz-zejt. J'Alla nintlew u jkun hemm min jamministra bil galbu,

Maria Grech

Mar 5th, 09:26

I remember your comment Mr Farrugia. You were 100% right. A pre-election gimmick!

Matthias Farrugia

Mar 5th, 09:42

@ Maria. Im just psychic like most of the maltese population that hasn't their blinds closed and knows to expect these headlines every election. Its a really shame that its all hot air.

Kenneth Bonnici

Mar 5th, 11:59

@matthew farrugia and his followers: you are more blind than you think - no-one is satying that they struck oil! Something we certainly struck in Malta is loads of fools.

J Drury

Mar 5th, 13:40

@ Matthias aka the modern Nostradamus, did anyone mention we struck oil? Do you honestly think this is some sort of gimmick knowing that a wold renown company like Genel has made an immediate cash payment of US$10 million?

Read articles well, before posting.