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.

my guess is purely precautionary selling after a strong recent rise, but with an eye now on BOR and its likely non-result

cynic if you were a large oily wouldn't you wait to see results from the BOR drill before making a possible move on RKH?

of course; why?

Would think it will regain all tomorrow.
I would not want to risk being out over the week-end.

says gibby the greekman.......:))

I had to sell some today for my tax also my capital gains tax....

Is that why the price went down ?

http://en.mercopress.com/2012/02/24/visiting-us-congressman-offers-support-for-falklands-self-determination

Friday, February 24th 2012 - 07:53 UTC

Visiting US congressman offers support for Falklands’ self-determination
South American rhetoric on the Falklands should, “be cooled, otherwise mistakes might happen,” US member of the house of Representatives Republican Congressman F. Jim Sensenbrenner told the Falkland Islands Legislative Assembly on Thursday.

Could this be a match made in heaven.

Just had my first in-depth look at Anadarko.

I knew they were not the biggest outfit in the world, but they are still big enough to buy Rockhopper lock stock and barrel out of petty cash (well almost).

They have offices in Texas, Denver, Brazil, China, Algeria, Indonesia and London.
They operate around the world, in Alaska, Brazil, China, East Africa, West Africa, Indonesia, New Zealand and of course their home the USA.

If RKH take the partnership route, they are just the sort of partner we need.
Like most major oil companies, the world is their work place therefor crossing most political and cultural boundaries.
In todays world that is far more important than it used to be.
I agree with those that feel Congressman Sensenbrenners visit to the Falklands is not a coincidence.
Whilst most including myself would like the Argentinian threat as insignificant as it is to go away, If Anadarko or a similar sized global company gets on board, the Argentinian threat will disappear in a puff of oily smoke.
Crossing political boundaries also means that future threats from any other country in the future (although I can't think of any) would risk the wrath of the USA and China, not to mention those other countries with less clout mentioned above.

Proven reserves at end of 2010 (latest available figures) approximately 2.42 billion
barrels of oil equivalent in proved reserves.
A few more barrels of at least a conservative 300 mil or as most of us feel 500 mil and upward, wouldn't go a miss.

So with a tie-up with Anadarko or one of those other oilies of equal size, has to be a win win for all.

Taken 3 days ago in Texas....now Greek who has there main office there?

Stephen McDowell in Houston | Fri, 24/02/2012 - 10:43

All clichés have a fundament in truth. And so it is true that everything really is big in Texas. Like the North American Prospect Expo (NAPE) in Houston.

The George R Brown Convention Centre covers 11 city blocks and contains 1.8m square feet of exhibition space. It takes easily ten minutes to walk from one end to the other and you could comfortably fit five Earl’s Courts inside. Yet this annual winter oil and gas convention fills it to the rafters.

Many hundreds of exhibition stands play host to more than 20,000 people - that is what we Limeys would call a town.

And in sweet, utterly non-Texan irony, right out on the fringes of this enormous, noisy, throbbing world of Black Gold deal-making lives the tiny community of the Falkland Islands.

In parallel irony, while miniscule in stature the islands have a profile way, way beyond their mere physical size.

Here in their little sheds, way off from the big-timers with their brash and attention-seeking stands (well, they are American; one even has a three-hole putting green around it), three of the four standard-bearers of London’s Alternative Investments Market quietly go about their very interesting business.

And how it has changed. Dave Bodecott, exploration director of Rockhopper (RKH), a great Interactive Investor favourite said: "We used to come here a few years ago when we were trying to farm-out but there was no-one here who wanted to do it with us, they would quote the political situation, almost anything. But now we have oil.”

He further points out what is the central reason for this massive convention, which has the strapline ‘Four Days and Billions of Dollars in Deals’. The major issue for any small oil company is access to capital.

Tucked behind the slightly more visible stand of the Government of the Falkland Islands is perhaps the Interactive Investor users' favourite plaything Desire Petroleum (DES). Behind that Argos Resources (ARG); the quiet man, and then Rockhopper.

Three companies operating in a territory which could evacuate its entire population into the exhibition hall and still leave room for half a million sheep, yet still haunted by that unwanted 'political instability' tag.

Stephen Luxton, the Falkland Islands’ Government’s director of mineral resources, proudly shows his map of the Falkland Islands’ basin and how and where the 24 holes which have caused all this excitement fit into the picture.

"Well," he shrugs, "As usual it’s a nice distraction for the Argentinian Government and it has hit the papers a lot but that’s more to do with Prince William being posted there and the 30th anniversary of the conflict than any basis in reality."

True, there has been a gradual hardening of attitude from the Argentinian Government in the last couple of years but it has had almost no effect on the oil industry, who always planned to run it from the UK.

"Put it this way, there has not been a single day’s lost drilling or exploration due to logistics. This is also partly, I must say due to a real can-do attitude from the Islanders."

He confesses at this point that almost every manjack of ’em is invested up to the hems of their Barbour jackets in all the companies there.

"They like to be involved,” he says with a chuckle.

"2012 is going to be a very significant year for us. We’ve got [Rockhopper’s] Sea Lion which we know is awaiting a farm out but also LSE:BOR:Borders and Southern Petroleum [the other oil company on the block] saw its Darwin well which spudded in January and we await results of that at the end of March. That could make Sea Lion look small.”

That could well be the tipping point for a big company moving in and when you get one of them you get a rush from the others. It’s all a bit laid back for a giant back-stabbing oil rush of the kind legend has shown us.

As Peter Thomson, spokesman for Argos Resources put it: “People think we are competitors but we regard ourselves as colleagues in the North Falklands Basin.”

Edited as you just beat me to it.

Its an excellent article.

What’s interesting Greek is yes the EXPO but all the key men from the NFB are there, maybe to sign off the legal papers in Houston? RKH have brought production forward to 2014 not 2016 I believe they have a partner, hoping we find out soon.

Desire bought out for well over a £1 hence holding those shares very tight.

http://www.proactiveinvestors.co.uk/companies/stocktube/1038/edison-investment-research-talks-about-the-increase-in-interest-surrounding-the-falkland-oil-story-1038.html

Edison Investment Research talks about the increase in interest surrounding the Falkland oil story
Friday, February 24, 2012

Somethings happened - just look at that 379 - 395 in a matter of hours

http://www.iii.co.uk/articles/26484/desire-petroleum-your-questions-answered

"Rockhopper are engaged in their own farm-out process and we are not a party to those discussions. But we have a small stake in the Sea Lion field and so at some stage it requires our involvement."

http://www.iii.co.uk/articles/26615/rockhopper-exploration-your-questions-answered

Rockhopper Exploration: Your questions answered
By Stephen McDowell | Mon, 27/02/2012 - 11:36
There is a lot of weight on the shoulders of Rockhopper Exploration (RKH).

All the investors in the Falklands Basin and the companies who own and explore the area are waiting on the eagerly awaiting results of Rockhopper’s farm-out.

Who will it be? Bound to be big. Which company is big enough? American? British? Russian?

Just have a look at the Rockhopper discussion board for more opinions than a room full of economists.

But, as has been often quoted at the North American Prospect Expo (NAPE) in Houston, when you get one big oil company you get a rush of them.

The rumour mill is spinning at such high velocity it threatens to throw its arms off.

Rockhopper exploration director Dave Bodecott is unfazed: "We’re up for that," he says.

"Guess all you like," he adds bluntly, "It could be anyone. But until we’ve had an offer for the farm out it’s dreamland. The process is ongoing and there’s no offer. It’s still with databank advisers Merrill Lynch."

Bodecott remains stoic under pressure. He will, no doubt sensibly, not be drawn by the fusillade of questions our users have fired at him.

"I want to be as helpful as I can to our shareholders but I can’t add anything to the information that is on the website and the presentation I made here yesterday. It’s all there if you look."

In fairness, most of the questions from Interactive Investor users are unanswerable if Bodecott was to remain inside the rules of the stockmarket.

It’s just that you all want to know. And he knows that, too. Nonetheless, he tackled some:

Interactive Investor user question: I would like to know about the recent 3D survey. Rockhopper, withArgos (), surveyed a substantial area to the north of Licence 32. Are there any preliminary indications of new prospects in these areas, and are Rockhopper interested in expanding their acreage footprint?

Bodecott: "That data was acquired because it covered the North side of Johnson (far north of the plot - Licence 32). We are getting in all the data on seismic and have only had a fast-track so far and are still interpreting all the data."

Interactive Investor user: What date that the CPR is expected on?

Bodecott: "We have said the end of March. Easter is the first week of April so I suppose Easter-ish."

Interactive Investor user: Are they on target to deliver the CPR and hopeful of a farm in (he means out) by the end of the first quarter i.e March as per previous RNS?

Bodecott: "Yes."
There you are then, Paul.

"Look," Bodecott says again bluntly, "It is their right to ask and we will do the best we can for the company and for the shareholders as we have always done from day one.

"Come on, they’ve done quite well so far. It is really nice to have their support. Over the years we have done loads of farming in and farming out. When you are farming out you are selling and the deal we will get depends on the hunger that’s out there.

"We are not a complicated company. Our situation is entirely obvious. The geology is simple, the recovery is simple. It’s all simple."

The major issue for any small company is access to money. That’s things like NAPE exist and that’s why we are here.

Like every other Falklands-watcher in this increasingly fascinating investment game, Bodecott remains puzzled as to the behaviour of the share price of small oil and gas explorers.

"The really depressing thing for us is when you have a find and the share price goes down. There’s nothing you can do. Then again, that's why I’m a geologist."

http://www.bbc.co.uk/news/magazine-17157373

Could Britain still defend the Falklands?

It is understood that the Argentinians have managed to get hold of a second hand drilling rig ready for when they get possession of the FI fields,
http://www.wired.com/science/discoveries/news/2008/05/dayintech_0526

Note. I would have just posted the picture, but don't know how!

Greek LOL