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.
Just been in touch with my contact in the Falklands.
He stated that the picture is not of them demonstrating about Sean Penn, its in fact the queue to buy shares in Rockhopper at the new stockbrokers that has just opened in Stanley.
Bank of America Merrill Lynch helped matters by saying that increases in costs meant it was more attractive for the big boys to piggyback on others' drilling successes rather than find and develop their own oil resources, as the broker's analysts said that "sector consolidation could gather pace in the coming months".
Rockhopper was one of the names they picked out as most likely to be a candidate for either a takeover or farm-out, and the Falkland Islands-explorer jumped 11.75p higher to 382.6p.