Anyone know if anyone has done any drilling in the area?

Somebody punched a hole down there back in the late '80s.
No idea of the actual result. I do know that there is as much "rumour oil" down there as is located in the Canadian arctic.

Info on Falklands exploratory drilling (first posted by MUDLOGGER about a week ago

http://www.desireplc.co.uk/pdfs/journalpart1.pdf

Regards Chris

Hmm, interesting.

Although I'm not well enough informed to know what that means for the possibility of finding oil deposits in the region.

Its interesting to note how the territorial waters shown would extend further eastwards if 350 rather than 200miles were the limit.