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The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. [2] It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture.
The proceeds from the share issue were used to develop the group's assets in the Falkland Islands in anticipation of the economic growth that the board believed would follow. In July 2012, FIH sold 1.2 million shares in FOGL for £1.01 million (86 pence per share), generating a profit of £0.77 million and reducing its holding to 12.8 million ...
The Falkland Islands Development Corporation (FIDC) is a quasi-autonomous, government-established, largely self-funding body responsible for encouraging the economic development of the Falkland Islands. It was set up in 1984 and is mainly funded from its own reserves and income streams.
Keith Padgett is an English politician who served as Chief Executive of the Falkland Islands from 2012 to 2016. [1] [2] Before his appointed as Chief Executive, Padgett served as the islands' Financial Secretary from 2008, which was renamed Director of Finance with the implementation of the 2009 Constitution.
The Falkland Islands (/ ˈ f ɔː (l) k l ə n d, ˈ f ɒ l k-/ FAW(L)K-lənd, FOLK-; [6] Spanish: Islas Malvinas [ˈislas malˈβinas]), commonly referred to as The Falklands, is an archipelago in the South Atlantic Ocean on the Patagonian Shelf.
The financial secretary of the Falkland Islands is the government officer responsible for economic and financial matters in the Falkland Islands. The role and powers of the director of finance are set out in Chapter VI of the Falkland Islands Constitution. The position was also known as Director of Finance after the new Constitution came into ...
Rockhopper was founded in 2004 to explore for oil and gas in the Falkland Islands. [3] It received a listing on the AIM market in 2005. [3] On 16 April 2010, Rockhopper commenced drilling of its first exploration well, 14/10-B (subsequently renamed 14/10-2) on its Sea Lion prospect using the Ocean Guardian semi-submersible drilling rig.
Falkland Oil and Gas Ltd, abbreviated to FOGL, was an energy company registered in the Falkland Islands and headquartered in London, the United Kingdom. Its business was based on exploring for offshore oil reserves off the coast of the Falklands. It owned the right to extract oil from a number of blocks to the east and the south of the islands.