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.

The sovereignty of the FI would still remain british, so regardless of the nationality of the farm in partner, policy would still be dictated by the British (Probably with a little diplomatic muscle flexing from the interested party). No other foreign power would be able to deploy military resources in British waters.

Hi HARRYCAT,

Agreed, but the mere presence of an American or Chinese company would have a positive affect.

No income until 2016.

crude WT $78 and falling Brent just holding $90. Asda petrol price 127.7p and diesel down to 132.2p from tomorrow.....not looking good for a farmin at this time.

http://en.mercopress.com/2012/07/05/falklands-considering-easing-capital-gains-tax-for-oil-and-gas-industry

Thursday, July 5th 2012 - 07:30 UTC

Falklands’ considering easing capital gains tax for oil and gas industry
The Falkland Islands government is considering tax legislation that will help to further promote the oil and gas industry activities by granting more time for the capital gains effective presentation.

The Falkland Islands a tax haven ? can they do that without the consent of the British government.

Markymar,

Excellent news. I would have thought that this would have had a positive effect on all the FI oilies.

rule #1 - to pay cgt you first need to make a profit!

http://www.cnbc.com/id/48095272

Tensions Flare in Falklands: What It Means for Big Oil

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Cynic but losses can be put against profits and rolled over for years.

Still none the wiser Mr C on....... very quiet

The tables are turning.....


http://en.mercopress.com/2012/07/06/mps-call-for-uk-to-vote-against-world-bank-loans-to-argentina-to-counter-falklands-aggression

MPs call for UK to vote against World Bank loans to Argentina to counter Falklands’ aggression
Twenty nine British MPs have called for Britain to vote against Argentina receiving any more money from the World Bank. The group signed an early day motion in Parliament that was put forward by Conservative MP for Romford, Andrew Rosindell, who had previously visited the Falklands.

Spotty sails into Falklands

Oliver Shah Published: 8 July 2012 The Sunday Times
Rockhopper Exploration has made a large find and four other companies are drilling (Gary Clement)

THE former Tory party treasurer David “Spotty” Rowland has embarked on a Falkland Islands adventure by buying more than 20% of a company that provides hotels, shipping and fishing support services.

Rowland and his son Jonathan bought £8m of shares in Falkland Islands Holdings last month. The AIM-listed company raised another £2m from existing investors. The deal coincided with the 30th anniversary of Britain’s victory over Argentina in the war for the islands.

David Hudd, chairman of Falkland Islands Holdings, said the money would be used to build warehouses and accommodation to capitalise on a potential oil boom. Rockhopper Exploration has made a large find offshore and four other firms are drilling there.

The company may also seek to build a permanent port to replace the 25-year-old floating piers used by the oil explorers.

Hudd said he had known Rowland for years. “He came to the Falklands with four other people and they were enthused by the opportunity, so on the way back we worked out a deal to raise £10m,” he said. The Rowlands invested via their Blackfish Capital vehicle.

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well that's one out of the blue - i hold both so it'll be interesting to see what the market thinks

.

it may also have the effect of making PMO more vulnerable to a predator - in due course

StockMarketWire.com
Premier Oil has agreed to farm-in for 60 per cent. of Rockhopper's licence interests in the Falkland Islands, which includes the Sea Lion development.

The initial payment will be $231 million in cash plus an exploration carry of up to $48 million and, subject to field development plan approval, a development carry of up to $722 million.

These will be funded from a combination of Premier's existing cash resources, facilities and cash flow from operations. Premier and Rockhopper have also agreed to pursue jointly exploration opportunities in the Falkland Islands and analogous plays in selected areas offshore Southern Africa.

Anyone hvaing trouble getting RKH prices - whats the impact of RNS?????

In auction I assume. ARG up 19%. PMO up 3%.

RKH +33 (12%) @305p

ANY THOUGHTS ON FARM IN DEAL??? HOLD/SELL/BUY?