British Forces News (BFN) claims that drilling companies have discovered oil off the coast of the Falkland Islands. Thus far, The Daily Telegraph is the only other news outlet that has this story and it seems a little odd that not even the BBC has mentioned it.
Falkland Oil and Gas Ltd and Premier Oil Plc say the discovery at the Zebedee well was better than initially expected. The well will now however be plugged and temporarily abandoned.
So what’s going on? Why are they plugging the well? Don’t get me wrong, but I think oil should stay in the ground where it belongs. But why keep this quiet?