http://www.falklands-oil.com/

http://www.rockhopperexploration.co.uk

http://www.argosresources.com/




Rockhopper was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme in the North Falkland Basin. It was floated on AIM in August 2005. Rockhopper was the first company to make a commercial oil discovery in the Falklands. Today Rockhopper is the largest acreage holder in the North Falkland Basin, with interests in the Greater Mediterranean region.

.

greek where are the argies going to find $2billion didn't think they had two halfpennys for a penny!

herm always a good excuse used by de-rampers.

.

herm we believe you.

Not at all, but it is also the USA that will still be the biggest oil user in 2017, followed by China which is tipped to increase its use by far a bigger percentage than the USA, not forgetting the new powerhouse of India.

Oil use.
1 United States: 18,690,000 bbl/day 2009
2 China: 8,200,000 bbl/day 2009
3 Japan: 4,363,000 bbl/day 2009
4 India: 2,980,000 bbl/day 2009
5 Russia: 2,740,000 bbl/day 2010

Top producers
Saudi Arabia
Russia
United States
Iran
China

The biggest fear to any oil investor, explorer or producer must surely be new technology that will eventually do away with oil as a fuel, but that is at least a few decades away.

.

greek what it means is the US is heading for self sufficency not needing to rely on arabs or russkis.

herm take it as you may, we like reality not fiction.at the moment the media is making up so many ridiculous scenarios we are sick of their lies and unaccountability.

The USA consumes 18,690,000 barrels per day.
The USA produces 10,400,000 barrels of oil per day.


So to be self sufficient they have a long way to go.

greek you seem to have forgotten gas production.

Laser fusion will render all other forms of energy generation obsolete; possibly not by 2016, but .............we may not need RKH oil at all ;o)

OK I give up.

Gas....did any one mention Johnson prospect...monster

.

On a more serious note, if anyone had stated that they thought the sp would finish the day 10p down after todays well result, he would have been declared, 'stark raving bonkers'.
I hope Casper, Johnson and Kermit are not as big as Sea Lion, as if they are our shares will probably be worth zilch.
I have never see any share defy logic as much as this one.

herm just put a cold wet towel round your head and you will feel better.

greek the bail out by BHP/BLT casts doubt on whether RKH and others can attract big names to develop and finance oil finds in this part of the world even ignoring the political risk.

Remember that Shell had these licenses years ago and bailed out.
Says a lot doesn't it.

greek what it may say is shell considered the risk reward ratio was not acceptable.