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Rockhopper confirms Falklands’ drilling program; shares rebound

Thursday, August 19th 2010 - 06:05 UTC
Full article 39 comments

After stating that its first well (Ernest) drilled in the southern part of the North Falkland Basin has been declared dry, Rockhopper Exploration (AIM: RKH) was sold down to 265p before rallying sharply to close Wednesday only 2.5p cheaper at 301.25p. Read full article

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  • Think

    My old Mama used to say:
    If it sounds too good to be truth, it probably isn't....
    Let's hope she is right!....(again)

    Aug 19th, 2010 - 07:02 am - Link - Report abuse 0
  • harrier61

    But she had you.

    Mistake after mistake after mistake..........!

    Aug 19th, 2010 - 10:58 am - Link - Report abuse 0
  • Marco

    Smart woman!
    Not even his wife trusted him on this future, now present failure.
    http://www.telegraph.co.uk/finance/7765371/Wife-of-Falkland-Oil-and-Gas-director-sells-85000-of-shares-ahead-of-drilling.html

    Aug 19th, 2010 - 05:40 pm - Link - Report abuse 0
  • PomInOz

    2, harrier61: Harsh...but, nevertheless, frickin' hilarious!!

    Aug 19th, 2010 - 06:05 pm - Link - Report abuse 0
  • JustinKuntz

    Harrier, accidents happen.

    As my mother used to say you catch more flies with honey than you do with vinegar.

    But then in Argentina, they stubbornly use vinegar, even thought its never worked in the past, in the mistaken belief it'll work eventually.

    Instead they merely whine impotently on the sidelines, we coulda been a contender. Shoulda, woulda, coulda, the Argentine national anthem.

    Gratuitous YouTube link:

    http://www.youtube.com/watch?v=Bug-hnPxFaY&feature=av3e

    Aug 19th, 2010 - 07:35 pm - Link - Report abuse 0
  • Beef

    Marco - You clearly no nothing about CGT or de-risking your investment for a free ride. Again you expose your superficial knowledge, embarassing.

    Think - As my late mother told me. Fortune “favours the brave” - that philosophy has served me well. BTW - I have been reflecting on your admission that you are a leftie (I myself am left of centre). Your previous comments about getting rid of foreigners appear less left wing and more National Socialist (far right). Any chance you could explain this or is my assertion that the left/right ideology is a cirle were far left and far right meeting in middle and are therfore both ultra-nationalist. Just interested.

    Aug 19th, 2010 - 08:21 pm - Link - Report abuse 0
  • Marco

    God is punishing the british thieves.
    http://www.iii.co.uk/articles/articledisplay.jsp?section=Markets&article_id=10107312

    Aug 19th, 2010 - 08:45 pm - Link - Report abuse 0
  • Beef

    Marco - Your posts on here go from thick to thicker! How can a share price that is higher today than it was before the “duster” be considered punishment? Interesting, I am being punished by being richer than before......hmmmmmm?

    Secondly, you clearly have never looked into theology. Throughout the covenants it is clear that God does not punish in your mortal life; so give God a break. It it not God's fault you have failed to educate yourself.

    Aug 19th, 2010 - 09:20 pm - Link - Report abuse 0
  • Marco

    Ok, Jack Sparrow Beef. At least read the title, can you?
    'Rockhopper hit by Falklands failure' dated 18/8/2010
    It is not God fault that UK sail around the world stealing land, natural treasures , starved millions like the Irish, commited atrocities like India and all over Africa, not to mention The killing of so many innocents civilians in Irak based on a big lie(no WMD found), enslaved millions of Africans and then releasing a Libian terrorist that blew a plane with hundreds of innocents civilians.We do not know much about God but I sure hope that all of you burn in hell Beef.

    Aug 20th, 2010 - 12:43 am - Link - Report abuse 0
  • Think

    (6) Beef
    Yoy write:
    Your previous comments about getting rid of foreigners appear less left wing and more National Socialist (far right). Any chance you could explain this .......

    I say:
    Of course I will try to explain.......... With “Foreigners” I ment “Foreign Powers” out of the Southern Hemisphere (Antarctica and diverse islands, including Malvinas)
    Those would be Great Britain, France and Norway.

    Nothing to do with extreme nationalism... Right or Left.

    I know that for a “protected” person like you; wild capitalism is just good.... .....You have money, kids going to the university, business class tickets etc etc etc....
    But if you cared to look a little bit more profoundly at the process taking place in S.A. you could comprehend that many of our leaders (and followers) have seen and experienced in their flesh the dark sides of that “capitalism”.
    Many years struggle, political evolution in exile and at home have “passed under the bridge” and the result is showing....

    Your “Murdochratic Press” chooses to present this process to its public on a totally outdated interpretation of the South American mentality and ...........Well thats your problem, not ours......

    Aug 20th, 2010 - 06:54 am - Link - Report abuse 0
  • JustinKuntz

    No Think, you let the mask slip, by “Foreigners” you meant the Falkland Islanders, including the ones that were born there. Everything to do with extreme nationalism.

    If you weren't an extreme nationalist, bent on preaching the Argentine claim and grand standing anything you think to be unwelcome news, then you'd join in debate and consider some of those awkward questions you avoid. You'd also be prepared to substantiate some of your statements, you know the ones you can't substantiate.

    Beef, is an ordinary citizen, anyone can buy and sell shares. Its called democracy. He is no more protected than I am.

    I note that the Kirschners are attacking the free press again, and you're defending them. Its your problem, not ours, as you tip toe back down the path of dictatorship.

    Aug 20th, 2010 - 07:56 am - Link - Report abuse 0
  • harrier61

    We need to get rid of this Antarctic red herring. So let's begin by Argentina giving back the Antarctic base our Scottish representative gave them.

    Aug 20th, 2010 - 12:01 pm - Link - Report abuse 0
  • Marco

    Britain must surely be aware that the economic drain of maintaining this distant colony will not be offset by revenue from oil if the vocal support for Argentina’s claim throughout the region turns to active support in the form of a trade embargo. Latin America has emerged from centuries of European and North American domination and is determined to assert its rights accordingly.

    The Falkland Islands constitute one of the last remnants of British colonialism, part of a history of economic piracy stained with the blood of millions who suffered as a consequence. The sooner this history is brought to a close the better.
    Malvinas Argentinas

    Aug 20th, 2010 - 03:48 pm - Link - Report abuse 0
  • harrier61

    Surely South American countries must be aware that Britain does not economically maintain the Falkland Islands.

    And they must also know that they do not have the ability to maintain an illegal trade embargo.

    The Falkland Islands shall be free.

    Aug 20th, 2010 - 05:15 pm - Link - Report abuse 0
  • JustinKuntz

    Oh please, when Marco and his ilk post the same crap across multiple pages can't the editor just delete it?

    Aug 20th, 2010 - 06:35 pm - Link - Report abuse 0
  • Marco

    Cry baby Justin go back to watch Diney channel, spongebob squarepants is on right now.

    Aug 20th, 2010 - 10:09 pm - Link - Report abuse 0
  • Cadfael

    marco#13 you cut and past this so often it has become BORING!!
    Who wrote it for you?
    What millions are you talking about?
    My Rockhopper shares are doing just fine thank you at 317.75.

    Aug 21st, 2010 - 07:24 am - Link - Report abuse 0
  • harrier61

    Margo wants to embroil the whole of South America in some form of warfare in the hope that no-one will remember who started it!

    Aug 21st, 2010 - 01:35 pm - Link - Report abuse 0
  • Think

    More economic negative news for Malvinas.............
    http://www.ipsnews.net/news.asp?idnews=52559

    Aug 21st, 2010 - 09:04 pm - Link - Report abuse 0
  • JustinKuntz

    Ah yes, the situation arises because Argentina won't co-operate on fisheries management, and squid is only 2nd in importance to Hake in Argentina.

    What can we conclude about this.

    Argentina is environmentally reckless and prepared to screw up the long term future of its own industry to be spiteful to a small island community.

    Bad news for the FALKLANDS, no bad news for Argentine fisheries but not the FALKLANDS. The FALKLANDS manage their fisheries properly, if you did the research they had a good year.

    Aug 21st, 2010 - 09:18 pm - Link - Report abuse 0
  • harrier61

    Drill, guys, drill. Suck the North Falkland Basin dry before the Argentines can steal anything!

    Aug 21st, 2010 - 10:23 pm - Link - Report abuse 0
  • Cadfael

    322.5 LOL!!

    Aug 23rd, 2010 - 08:23 am - Link - Report abuse 0
  • Marco

    Running out of fishies in the islands? May be fish do not like to be swalow by pirates sharks.
    http://www.ipsnews.net/news.asp?idnews=52559

    Aug 23rd, 2010 - 06:05 pm - Link - Report abuse 0
  • Islander1

    Plenty here Marco, The squid species that stays in our controlled zone has had a bumper season.Nothing much on the other species that migrates- neither did your side catch much! Reason appears to be climatical/elnino etc - it may bounce back next season- or it may not - we can manage wquite well without them if needbe! Common sense says best policy is cooperation over fishing in both zones and the whole area regardless of politics - we were, until somebody threw their teddy out of the pram and stormed out in a huff!
    Alse plenty of UN approved sustainably managed Toothfish coming ashore here from further south.

    Aug 23rd, 2010 - 10:54 pm - Link - Report abuse 0
  • Think

    (24) Islander
    Common sense is the less common of the senses in Malvinas at the moment.
    You talk... and talk... and talk... about “common sense”; being “mature”; wanting “cooperation regardless of politics” but you don't mean any of it..........................
    Just as smoke screen to let Great Britain be an actor in the South-Atlantic.....

    No way Jose..................

    Aug 24th, 2010 - 02:48 pm - Link - Report abuse 0
  • JustinKuntz

    Common sense, being mature, co-operation.

    Words not in the Argentine vocabulary, watch the dust when you ask an awkward question as the tumble weeds roll on by. Its illumintaing.

    Much like when they absolutely refuse to accept something as true that they can easily verify independently for themselves, simply because it contradicts what they've been indoctrinated with.

    So whatever, if there is oil, Argentina will miss out because they cut of their nose to spite their face. IF there isn't, well that won't really matter.

    And again, the point you don't like that you ignored. Its bad news for Argentine fisheries but not for the Falklands. They had a bumper season as Islander notes. All down to managing a sustainable fishery.

    Ask them nicely they might help you learn how to do it, as opposed to stomping out in the huff when they attend a fisheries management conference.

    Aug 24th, 2010 - 03:08 pm - Link - Report abuse 0
  • Think

    (24) Islander1

    I learned by experience that the info provided by you is always of the “ultra optimistic rosy ” tone.....

    You will excuse us but we have a much more reliable sources of information......:

    http://fis.com/falklandfish/

    And you do not need to tell me that the rapport of the first season 2010 is not yet on the homepage..... we know it......

    Aug 24th, 2010 - 05:31 pm - Link - Report abuse 0
  • Hoytred

    “ ... Just as smoke screen to let Great Britain be an actor in the South-Atlantic...”

    ?? Now come on Think .... why would we need an excuse?? We've been an actor since the 1600's and a continuous presence since 1765 either officially or commercially. We were there long before you existed as a nation. And we are not just actors .. we are players.

    Far too late to oust us now. :-)

    Aug 25th, 2010 - 03:29 am - Link - Report abuse 0
  • Marco

    “We were there long before you existed as a nation. And we are not just actors .. we are players.”
    Hoyt, this 1800's cartoon represents your arrogant view, and is not too late, we are not in the 1800's anymore.

    http://upload.wikimedia.org/wikipedia/commons/8/8e/English_imperialism_octopus.jpg

    Aug 25th, 2010 - 04:07 am - Link - Report abuse 0
  • Think

    (28) Hoyt

    You need to hide under the Settlers kilts and cloacks because an excuse for squattering and land grabbing by force is dearly needed in our times.

    We are not longer in the XVII, the XVIII or the IXX century.....Not even in the XX century...

    Even if your conservative state of mind tells you otherwise...

    It is just the right time tooust you :-)

    Aug 25th, 2010 - 04:56 am - Link - Report abuse 0
  • Hoytred

    We are not hiding ... what happens to the Falkland Islands is up to the islanders. If they opted for the British to go, then we'd go.

    However, that would still leave us is South Georgia and the South Sandwich islands, and still with our claim to a chunk of Antartica and its islands.

    WE were in the XVII, the XVIII, the IXX centuries and a few before them.

    WE are now in the XXI century and we have as much, if not more, right to be in the south Atlantic than any jumped up second rate banana Republic that can't honestly claim 200 years of history.

    You are not capable of ousting us .... that day may come, but I doubt it'll be this century!

    Aug 25th, 2010 - 05:07 am - Link - Report abuse 0
  • Think

    (31) Hoyt

    And there we arrive (again) at the central point:

    Britain believes that they have rights in the South-Atlantic.
    South-America believes that they have not...........

    The diplomatic an economic “realities” of the next years will decide who's “believes” wil predominate......

    In the meantime you are hiding under the skirts of the British Settlers to conceal your real intentions......

    Aug 25th, 2010 - 08:37 am - Link - Report abuse 0
  • Hoytred

    Nope, still not hiding !

    The issue over the Falkland islands is between the FIG and the UK Government. The UK Government has already publicly stated that the islander's wishes are paramount. So what happens, if anything, and when is up to them.

    As regards South Georgia and the South Shetland Islands our intentions are quite obvious if anyone cares to look. We seperated them from the Falkland Islands so that whatever decision the islanders come to will in no way affect British sovereignty over South Georgia / Sth Shetland Islands. Cannot give a clearer statement than that really.

    What happens to the Falklands Islands is up to the islanders. What happens to Sth Georgia/Shetland Islands is up to us.

    Nothing concealed by that!

    As for the rest. Your diplomacy has been doing the same rounds for years ... decades even. Economics is always an uncertain world but Argentina rightly fears the discovery of oil in South Atlantic waters as it changes dramatically the demographics (is that the right word?) In fact it changes everything.

    All that apart ... why should Britain NOT have rights in the South Atlantic? We are, after all, a part of it.

    Aug 25th, 2010 - 09:07 am - Link - Report abuse 0
  • JustinKuntz

    Hiding under skirts.

    Up till 1982, the FCO would have happily got rid of the islands as there was no perceived benefit to the UK for continued possession. Even to the point where the FCO conspired with the Argentine Government to subvert their desire for self-determination and forced dependence on Argentina through the Communications Agreement.

    They still said they didn't want to be part of Argentina.

    Why.

    Partly becuase they have nothing in common with Argentina either culturally or historically. Cultrurally they're of British descent, historically the links were always closer with Chile and Uruguay - links cut by the Communications Agreement.

    Partly because of the actions of Argentina. The hijacking in the '60s, the landings of various publicity stunts, the overtly hostile reception they received when the FCO convinced them to visit Argentina, the loud protestations that they have no right to determine their own future, the frequent statements denouncing them as “squatters” and “pirates” in their own homes or the fact that Argentina takes every opportunity to be irritating.

    Partly 'cos they've evolved a distinct identity of their own and have a fierce and abiding love for the land.

    Contrast the two songs about the Falklands

    “Song of the Falklands” speak of a love for the land and the sea.,
    “March of the Malvinas” speaks of injured pride and machismo

    If there is oil, the islanders will benefit but the UK won't.

    What does it take to get through your thick skull that the only people that matter to the UK on this is what the islanders want to do to shape their future? And that is down to your own stupidity in invading in 1982 and forcing the British Government to defend them. It was a choice forced on them by Argentina's actions.

    Hoytred is wrong, the British Government doesn't want to be in the South Atlantic, the presence of British forces is solely to prevent the big local bully from throwing its weight around and picking on its smaller neighbours.

    Aug 25th, 2010 - 11:20 am - Link - Report abuse 0
  • Hoytred

    Sorry Justin but I have to disagree - Ascension, St.Helena, Tristan De Cunha, South Georgia, the South Shetland islands, the Falklands and the Antartic Territories .... actually we are all over the south Atlantic :-)

    Aug 25th, 2010 - 02:27 pm - Link - Report abuse 0
  • Marco

    The Chagos Islands became, like the Falkands and a dozen other small remnants of the British Empire around the world, a Crown Colony. (Later, in a terminological manoevre to deal with the fact that the tide of world opinion had turned against colonialism, the British Crown Colonies were re-named by an act of Parliament as the British Dependent Territories; and they were subsequently re-named again as the British Overseas Territories.)

    Is the 60 million strong British bulldog really being wagged by its miniscule Falklands tail- or more precisely a hair on the tail, given that there are only 3,140 Falklanders? In the 21st Century, can a European power hide its colonial claim to the oil resources under the sea bed of South America by sheltering behind the 'rights' of its colonists?

    Britain must go, and in the end it will have to go; the issue is one of how and when.

    Aug 25th, 2010 - 04:02 pm - Link - Report abuse 0
  • harrier61

    One thing is totally clear. It won't be Argentina or its South American “friends” that MAY induce Britain to leave the Falkland Islands. There is ONE, and ONLY ONE, group of people that MAY “achieve” that objective. That group of people is the Falkland Islanders themselves.

    Aug 25th, 2010 - 05:32 pm - Link - Report abuse 0
  • Hoytred

    Still repeating yourself Marco?

    “.. Britain must go, and in the end it will have to go; the issue is one of how and when...”

    No chance .... no hope!

    Aug 25th, 2010 - 11:19 pm - Link - Report abuse 0
  • Mаrcо

    I agree Hoytred. The Socialist Argentine Gov.t like during the Falklands War is resorting to nationalistic tactics to ignore poor economic performance.

    Aug 26th, 2010 - 04:50 pm - Link - Report abuse 0

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