Massive Irish oil find as company hits major well off Cork coast

sirpeter I hope your right about the quantity of oil and gas,we could purchase the north for a wee price.

@Gaelphoncán.You are thinking of the Corrib Gas field deal.Barryroe field is different.Guy on the news said the tax is 25% on a certain amount of profit,this goes to 40% if it doubles.This is good news really for Ireland as there is probably loads of oil and gas off the coast of Ireland.The bonanza will be the second phase of finds after (if/when) the initial finds have been proven as being viable and the government/authorities prove capable of allowing the product to be taken up/brought ashore without a Rossport hippie clusterfcuk happening everytime.

How are the common people in Ireland going to profit from this? Not at all? That's what I thought. All it will get them is less chance of having their kids raised on clean fish and other seafood, or of watching the whales and other sea life while on vacation. Google the Santa Barbara Channel and see what all their drilling did to the environment there.........

Oil production at Ireland’s first commercial discovery could reach as high as 20,000 barrels a day when production commences at the Barryroe field in the next three years.1,800 barrels a day target set by Providence as being large enough to deem it a commercial find.The 300 sq km oil field — equivalent to a medium to large North Sea oil field.500 bopd equivalent in gas, which the well is throwing off,would be used to power a production oil rig.Any spare capacity could be diverted to the gas pipeline serving the Seven Head Gas Filed, just 3km from Barryroe discovery.

antoman.Same to you man!! *Cheers

Hee hee hee. Happy Paddy's Day sirpeter. Have a good one my friend.

antoman.I can understand your bitterness when it comes to the sorries.It's not easy been a norrie.But aren't ye all very VERY close in Norrieland? I can tell by that cross-eyed smiley you have your grandfathers eye***Awkward silence by Asumptha as turned-eye Mick the milkman shouts!!Anybody going for a pint?.LOL

Someone correct me if I'm wrong (please correct me!)but while this development may add to Tony O'Reilly Jrs'. already considerable wealth, it will hardly benefit the Irish people at all. According to what I've read, after tax write-offs etc. the Irish exchequer will only get a tiny percentage (less than 5%?) of these (potential) hundreds of billions. There doesn't seem to be the will by our present government to renegotiate for a better deal.

sirpeter. If you could hover over the Southside in your blackhawk helicopter while I stick my arse out and take a dump on the sorries. It would complete my life's ambitions. ;)

antoman.When we get our share of this Cork oil biy.We'll buy one of those blackhawk helicopters each.I think we would look good stopping off at Lennox's chipper in one of those.An old landing pad at the lough to give the dogs a bit of a run around after.Jawb!!

This is not good lads. Not good at tall. We'll have the Yanks in on top of us before you can say trap stick. A tip. To avoid being seen by the blackhawk helicopters smear yourself with mud. And if there's no mud available excrement will do too.

The Porcupine Ridge,Porcupine Trough, and Celtic Sea areas of the shelf have been identified as possibly having enough Oil and Gas, to provide security of energy supply for Europe.130 billion barrels of Oil and 50 trillion cubic Ft. of natural Gas Oil and Gas worth approximately $15 Trillion.($15,000,000,000,000)So are we still broke Enda Kenny?~Yup!!This is pig money not sheeple money.

and it will mean nothing to the poor here, the rich will gain but we will stay the same as usual.

ok but will we give it all away or dump the bank debt and go it on our own ;0

Probably all from a leaking Brittany Ferries motor!