Falklands oil players on the cusp of something huge

The Falkland Islands oil business is proceding apace. And in the next few weeks it could take a major leap forward. Tom Bulford explains what's going on.

Stand by for action! The Falklands Islands could be making headlines again very shortly. And this time, it won't be Cameron and Kirchner who are dominating the headlines.

On 11 May, Borders & Southern (BOR), one of the intrepid band of Falklands oil explorers, announced that it had spudded its Stebbing well. "The well duration", said Borders, "is estimated to be 49 days". 49 days from 11 May takes us to 29 June so any day now we should be getting the result of this well.And the whole Falklands oil story should take another step forward.

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