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the area of suitable sedimentary formations in the region of continental shelf to which the Falkland Islanders lay claim is 50% larger than the analogous area of the North Sea. Some estimates have it that “billions of pounds worth” of oil may be involved. One estimate, now several years old and based on no real scientific basis (although some seismic survey work was done by an American company in 1978) was that sedimentary basins surrounding the islands might contain reserves of 200 billion barrels of oil, several times those of the North Sea
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