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 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

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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?

All the bullsh*t treads for months and w finally get farm-in and no comments???

I wonder if the market might be slightly disappointed that it wasn't one of the 'majors' with considerably more resources, but broker notes today should push the sp further, imo, once the short term profit takers have moved on.

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I hope so! Thanks Harry..

i'm rather glad it's not a serious major as it makes both PMO and RKH more vulnerable to t/o while still enhancing sentiment towards FI stocks in general

T/O probably get "good" price tho?

for goodness sake!!!! ....... you may not even live long enough to see a t/o!!!!!!!!!!!!!!!

Not in....but now the excitement's over.....time to move on to ?......damp squid rise here to me after such a long wait or will continue to rise.....more likely status quo for a long time...

is that so ..... well a lot more enthusiasm here than for BOR or FOGL