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Ireland 'close to oil billions'

  • 10-10-2012 12:41PM
    #1
    davet82
    Closed Accounts Posts: 3,753 ✭✭✭


    http://www.bbc.com/news/uk-northern-ireland-19889948
    Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles off the Cork coast, should yield 280m barrels of oil.


    So we're gonna be as rich as Sheiks! :rolleyes:


    Well it is good news anyways for a change i guess :)


«134

Comments

  • #2
    FatherLen
    Registered Users, Registered Users 2 Posts: 3,808 ✭✭✭FatherLen


    sure we can give that away for a fraction of that.
    great plan


  • #3
    1ZRed
    Closed Accounts Posts: 7,293 ✭✭✭1ZRed


    IIRC, didn't our gobshite government sell it off to private companies already?


  • #4
    the groutch
    Closed Accounts Posts: 16,096 ✭✭✭✭the groutch


    we'll get about tree fiddy out of that


  • #5
    who what when
    Registered Users, Registered Users 2 Posts: 832 ✭✭✭who what when


    The ordinary citizens of this country will never see a cent of the profits!


  • #6
    dreamers75
    Registered Users, Registered Users 2 Posts: 20,558 ✭✭✭✭dreamers75


    We should buy a premier league club!!!


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  • #7
    dodderangler
    Registered Users, Registered Users 2 Posts: 9,204 ✭✭✭dodderangler


    Least all the ministers and Tds will get a good pay rise now
    God knows they've suffered


  • #8
    uch
    Registered Users, Registered Users 2 Posts: 7,035 ✭✭✭uch


    More like Gob-Shi'ites

    22/25



  • #9
    Cravez
    Registered Users, Registered Users 2 Posts: 3,031 ✭✭✭Cravez


    1ZRed wrote: »
    IIRC, didn't our gobshite government sell it off to private companies already?

    AFAIK we didn't sell it but allow private companies to search for oil - we get the tax from that oil however.

    The gubberment could search for the oil but couldn't be arsed due to the costs.


  • #10
    charlemont
    Closed Accounts Posts: 4,725 ✭✭✭charlemont


    Oil extraction tax ;)


  • #11
    davet82
    Closed Accounts Posts: 3,753 ✭✭✭davet82


    i think its gonna be interesting how mismanaged the money will be...

    we could do something fun like pay the bondholders with it :P

    whatever happens you can be guaranteed our government got the worst deal possible and will no doubt squander the money

    Jesus, i love ireland :)


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  • #12
    Africa
    Registered Users, Registered Users 2 Posts: 1,252 ✭✭✭Africa


    Hopefully does some improvement. Glowing article, lets hope we ACTUALLY benefit.


  • #13
    hooradiation
    Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    1ZRed wrote: »
    IIRC, didn't our gobshite government sell it off to private companies already?

    That nonsense just isn't going the fuck away, is it?


  • #14
    Ellis Dee
    Registered Users, Registered Users 2 Posts: 2,510 ✭✭✭Ellis Dee


    Yet another story about how "close" we are to untold wealth. Always close, but never there.:rolleyes:

    As they say down here in Laois: "Nearly" never bulled a cow.:):):)


  • #15
    --Kaiser--
    Registered Users, Registered Users 2 Posts: 6,461 ✭✭✭--Kaiser--


    I'll just post this before all the ignorant 'we're giving it all away!! <shakes fist>' posts

    http://www.thejournal.ie/readme/column-for-now-ireland%E2%80%99s-oil-reserves-are-best-off-in-private-hands-256444-Oct2011/

    (too late)


  • #16
    Heroditas
    Registered Users, Registered Users 2 Posts: 10,355 ✭✭✭✭Heroditas


    Must be a slow news day.
    Is Tony Jr trying to boost Providence's share value?


  • #17
    CardBordWindow
    Registered Users, Registered Users 2 Posts: 3,209 ✭✭✭CardBordWindow


    Cue more 'Shell to Sea' type protests! :rolleyes:


  • #18
    SEPT 23 1989
    Registered Users, Registered Users 2 Posts: 43,038 ✭✭✭✭SEPT 23 1989


    Strange we have all these "discoveries" when we lose our sovereignty


  • #19
    JJJJNR
    Closed Accounts Posts: 4,786 ✭✭✭JJJJNR


    Sneaky bardtards already thinking they can fool the oirish population with there "280million barrels", it was reported before that it was closer to a couple of billion barrels

    Bet they'll be sneaking out millions of barrels under our noses.


  • #20
    admiralofthefleet
    Closed Accounts Posts: 15,515 ✭✭✭✭admiralofthefleet


    dreamers75 wrote: »
    We should buy a premier league club!!!

    yeah bray wanderers are my favourite.

    on topic, ray burke made sure we will never see any royalties so norway must be rubbing their hands. mind you, i havent seen pat rabitte rushing to changing the law governing royalties


  • #21
    BraziliaNZ
    Banned (with Prison Access) Posts: 5,671 ✭✭✭BraziliaNZ


    we hear this all the time and nothing happens


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  • #22
    Rigol
    Registered Users, Registered Users 2 Posts: 465 ✭✭Rigol


    ah yes I remember this one.
    t'was just after the mammoth viewing tower/commercial park in Leitrim* and just before the mammoth Chinese industrial hub in Meath*.


    *or other non-Dublin place


  • #23
    hooradiation
    Closed Accounts Posts: 3,922 ✭✭✭hooradiation


    admiralofthefleet wrote: »
    yeah bray wanderers are my favourite.

    No, no, no, a real football team.


  • #24
    old hippy
    Banned (with Prison Access) Posts: 9,441 ✭✭✭old hippy


    SEPT 23 1989 wrote: »
    Strange we have all these "discoveries" when we lose our sovereignty

    We've lost our sovereignty? :eek:

    I must have been off that day.... have you looked down the back of the sofa, yet?


  • #25
    admiralofthefleet
    Closed Accounts Posts: 15,515 ✭✭✭✭admiralofthefleet


    hooradiation wrote: »
    No, no, no, a real football team.

    sorry, shamrock rovers so


  • #26
    opinion guy
    Closed Accounts Posts: 11,000 ✭✭✭✭opinion guy


    Rigol wrote: »
    ah yes I remember this one.
    t'was just after the mammoth viewing tower/commercial park in Leitrim* and just before the mammoth Chinese industrial hub in Meath*.


    *or other non-Dublin place

    Sure isn't there supposed to be a gold rush in waterford or wexford or some place ???

    The real money is in rare earth metals - shouldn't someone start looking for them somewhere ?


  • #27
    Pherekydes
    Registered Users, Registered Users 2, Paid Member Posts: 16,343 ✭✭✭✭Pherekydes


    hooradiation wrote: »
    No, no, no, a real football team.

    Like the Green Bay Packers?


  • #28
    admiralofthefleet
    Closed Accounts Posts: 15,515 ✭✭✭✭admiralofthefleet


    opinion guy wrote: »
    Sure isn't there supposed to be a gold rush in waterford or wexford or some place ???

    The real money is in rare earth metals - shouldn't someone start looking for them somewhere ?

    south wicklow/north wexford


  • #29
    Duggy747
    Registered Users, Registered Users 2 Posts: 13,295 ✭✭✭✭Duggy747


    My Oil & Gas Norway bollox video should be due along any minute now.

    Government let's private companies search for resources and let them foot the bill while we tax their production:

    "RABBLE, RABBLE, GAVE IT ALL AWAY, RABBLE RABBLE, WE WERE ONLY GIVING A PACK OF JAFFA CAKES FOR THE QUADRILLIONS WORTH, RABBLE RABBLE, WAKE UP SHEEPLE!!"

    OR

    Government spends a lot of money searching for the resources themselves:

    "RABBLE, RABBLE, GAVE ALL THE MONEY AWAY, RABBLE, RABBLE, NO MONEY FOR CRUMLIN, RABBLE RABBLE, SHOWER OF IDIOTS IN LEINSTER HOUSE, RABBLE RABBLE!!"


  • #30
    Slurryface
    Closed Accounts Posts: 225 ✭✭Slurryface


    1ZRed wrote: »
    IIRC, didn't our gobshite government sell it off to private companies already?
    Have you any idea just how much it cost providence to drill the test wells so far?And that without any guarentee of success.
    No, by your post obviously you dont, clearly you think it makes economic sense for private companies to risk hundreds of millions looking for oil, only to hand it over foc to the state!


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  • #31
    opinion guy
    Closed Accounts Posts: 11,000 ✭✭✭✭opinion guy


    Duggy747 wrote: »
    My Oil & Gas Norway bollox video should be due along any minute now.

    Government let's private companies search for resources and let them foot the bill while we tax their production:

    "RABBLE, RABBLE, GAVE IT ALL AWAY, RABBLE RABBLE, WE WERE ONLY GIVING A PACK OF JAFFA CAKES FOR THE QUADRILLIONS WORTH, RABBLE RABBLE!!"

    OR

    Government spends a lot of money searching for the resources themselves:

    "RABBLE, RABBLE, GAVE ALL THE MONEY AWAY, RABBLE, RABBLE, NO MONEY FOR CRUMLIN, RABBLE RABBLE, SHOWER OF IDIOTS IN LEINSTER HOUSE, RABBLE RABBLE!!"



    Mmmmmmmm jaffa cakes mining venture............


    https://www.youtube.com/watch?v=msQPHxTUgzI


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