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Falklands oil company Rockhopper Exploration, up 0.3 per cent, to 356, was in focus. Traders reckon
Falklands oil company Rockhopper Exploration, up 0.3 per cent, to 356, was in focus. Traders reckon Rockhopper could announce drilling results from 14/10-3 well this week and analysts reckon a discovery
could add 200p-300p to the share price.
If successful, a 500mmbbl [million barrel] field development becomes a much more attractive proposition to a major and should therefore lessen the commercialisation discount applied to all companies in the Falklands, said Evolution Securities in a recent note.