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.

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Hal $142 barrel so no problem there.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao7pUZ.pCTaM

herm what will the yuan be in $ terms in 2016?

marky the question being asked by the market is where is the $2billion development cost coming from? until there is an answer it remains oil in the ground. for investors even iraq looks more promising and certainly less expensive.

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Hi Halifax,

I don't think anyone can have much idea re the price of oil in 2016, although its for sure there will be less oil in the world than there is now.
I have read a few articles concerning what would happen to the oil price if the world continued along the path of turmoil that it appears to be heading down.
It was generally agreed, that although any monetary problems that are present now could deteriorate further, that is always followed by cuts in production due to the accompanying unrest, IE look at Iraq, Egypt and a few other oil producing countries where unrest reigns.
Reduced production is usually followed by increased oil barrel price.
These periods are then followed by periods of equal calm, leading to better prosperity, hence more oil use, again higher price.

Although the Argentina problem is being almost totally disregarded by many, and I feel that the risk of them causing serious problems for the Falklands and the FI oil fields is minor, I do feel that the threat is there and that is what is putting investors off, especially the institutions.
Also many oil producers are shying away from areas of political unrest, due to problems in the recent past, that can't be helping the situation any

Try as I might, I just can't see any other reason why the sp is at its current price.

It appears that the more oil that is found, the more tempting it must be for the Argies to have a go at getting some of the profits for themselves.

My own feeling is that if we had another Falklands and the Argies retained control of those islands (doubtful) it would not be the end of Rockhopper or our holdings as they (the Argies) would still need someone to get the oil out and could not afford to send out any message that scared all investment in the area away.

Probably totally wrong, but thats my slant on it.

herm you seem to have ignored the news that USA will become the world's biggest oil producer by 2017.

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greek where are the argies going to find $2billion didn't think they had two halfpennys for a penny!

herm always a good excuse used by de-rampers.

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herm we believe you.

Not at all, but it is also the USA that will still be the biggest oil user in 2017, followed by China which is tipped to increase its use by far a bigger percentage than the USA, not forgetting the new powerhouse of India.

Oil use.
1 United States: 18,690,000 bbl/day 2009
2 China: 8,200,000 bbl/day 2009
3 Japan: 4,363,000 bbl/day 2009
4 India: 2,980,000 bbl/day 2009
5 Russia: 2,740,000 bbl/day 2010

Top producers
Saudi Arabia
Russia
United States
Iran
China

The biggest fear to any oil investor, explorer or producer must surely be new technology that will eventually do away with oil as a fuel, but that is at least a few decades away.

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greek what it means is the US is heading for self sufficency not needing to rely on arabs or russkis.

herm take it as you may, we like reality not fiction.at the moment the media is making up so many ridiculous scenarios we are sick of their lies and unaccountability.

The USA consumes 18,690,000 barrels per day.
The USA produces 10,400,000 barrels of oil per day.


So to be self sufficient they have a long way to go.

greek you seem to have forgotten gas production.

Laser fusion will render all other forms of energy generation obsolete; possibly not by 2016, but .............we may not need RKH oil at all ;o)

OK I give up.