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 LOL

Greek - like this - quite a prophetic headline on that article btw.

Interesting read.

I would think that the Falkland oil fields are in the same low risk category as the main UK oil fields situated in the north sea. That is of course if the UK is as serious as they have stated over their determination to defend the Falklands if required.
I like most people feel that the determination of the UK government to do so is as strong as the threat from the Argentinian government is weak.
I say the above not from a feel that anything as basic as the rights of the islanders being taken into consideration but for 2 other reasons.
1 It would be very politically damaging to the UK for them to not defend any attempt at taking the Falklands.
2 There is a huge amount of money involved.

If anyone has full access to Maplecroft, it does have all risks categorized in order of risk, but even so the brief article from the link shows very clearly how much risk there is in investing in many oil producing areas of the world, and the risks of once invested, those investors loosing out.

On reading the article, I feel that my Falklands investment is 'very safe'.
No doubt suitors of Rockhopper are well aware of world oil risks, and will look at the Falklands in a very favorable light.

According to the Telegraph the UK is number 179 in the list, with Somalia being at number 1.


http://maplecroft.com/about/news/resource_nationalism_index_2012.html

I'm surprised that nobody has commented on today's fall on RKH!
It has allowed me to increase my holdings at a much better price.
Now all I need is a return back to the 380 level and then good news about a partner/farm out deal and the price to hit the highs.
TT

Hi Time Traveller,

I have gone back to doing what I did as a child when something scary as happening.
Hiding behind the sofa, until it went away.

Greek.

A down day for most stocks and a little more to come, imo. I'm with you, gm. Happy to sit and wait.

Hi Harrycat,

What a difference a day makes (no not the song title, but a day on the markets)

What with the global financial situation, all the talk of an oil Armageddon and the chance that Israel are loading their planes up to pay Iran a visit, I'm surprised we have not all cashed in and started to run for the bunkers.

Greek.

and i'm glad i sold 40% this morning at 379 .... but wish i'd had the balls to keep running my dow short, but completely screwed it up ..... only positive for me today was my BOR short

Just read a letter in the Telegraph from an English couple who have been spending few weeks in Argentina.
Although very wary before and on arrival regarding how they would be treated, they were very surprised when the local people on discovering that they were English, treated them in a very friendly way.
It appears that several locals explained that the average Argentinian, had no problem with the Falklands wanting to stay British, and their main grievance was with the Argentinian government and the high inflation rate.

I have no reason to doubt that this is how the Argentinian people feel, although of course there will always be a minority (those that get on TV and in the headlines) who want the Falklands to be taken over by their country.

The reason why I don't doubt this is because I saw the same reactions in Ireland in the late 1970's when the troubles were still near to peak levels.
From 1975 to 1979 I spent several month in Ireland, just south of the border.
When the locals discovered we were English, they went out of their way to treat us friendly.
In fact sometimes it became a bit embarrassing, with us being treated to several pints in a local pub with many apologising for the actions of some of their countrymen.
I must add that they were always very careful who was about when they talked or/and were near to us, as the trust between themselves was always down to how well they knew each other.
I appreciate that many on here do not wish to see any post that mentions Argentina and the Falklands, but this small story in the Telegraph coupled with my own experiences in Ireland, probably says more than many of the more negative headlines put together.

Very interesting Investor Anadarko Webcast on now.

http://edge.media-server.com/m/p/nwda2wi4/lan/en

Seems to be some thing in it Greek

Hi Markymar,

Yes it was very interesting with a few innuendos re the FI's, but nothing given away.

Anadarko are not one of the big boys.
A few posters on other sites appear to be suggesting that the Rockhopper discovery is a bit too small for Anadarko to be interested in.
But surely Anadarko would be very interested in Rockhopper.
If Rockhopper have 500 mill proven reserves, (and we all feel that is a conservative estimate) , that is around 20% of the 2.42 billion barrels of oil equivalent in proved reserves owned by Anadarko at year-end 2010, and thats not to be sneezed at.

The largest problem facing oil production companies at the moment, is not production, its reserves that are continually being reduced. Also most oil companies have huge amount of cash just waiting to be invested in new fields and for those reasons alone, I am certain that even the biggest major oil company in the world will be looking seriously at Rockhopper!

I would just love to have an inside rail at the auction possess, which I am sure is well under way.

Very exciting, but equally nail bitting times ahead!

Thanks for the link I listened throughout and agree with Marky's comments.

Back to sitting on my hands!

The last thing the Anadarko chief Bossman did before boarding their jet and leaving the Falklands was an Arnie impersonation.

"I'll be back!" I presume

Naaahh...it'll be hasta la vista baby....

That reminds me of a Bernard Manning joke .....


http://www.youtube.com/watch?v=CPHSrt5WDWI

Al, funny that been watching a few videos of him since then,u will be glad they are back drilling again" if am not talking bollicks" if no more delays i would like to think first week of April news maybe second.

"I'll be back" is the winner!

S.American group rejects UK oil exploration in Falklands,Reuters March 18, 2012,
http://www.precogz.com/home/