US oil company makes 1.6bn dollars offer for Falklands’ Rockhopper: shares soar
Rockhopper Exploration Plc shares surged in London trading following a report that Texas based Anadarko Petroleum Corp. is in talks with the only company to have made a commercial oil discovery off the Falkland Islands.
Rockhopper advanced in London to the highest since February last year. The shares have increased 44% in the past six months. Desire Petroleum Plc, which owns acreage next to Rockhopper, advanced as much as 7.6%.
The Sunday Times reported that Anadarko is in talks with Rockhopper that may lead to a takeover of the company. Anadarko executives last week met managers of the UK company according to the report.
Rockhopper Chairman Pierre Jungels said last month the company has a range of options for the Sea Lion prospect (a 500 million barrels field) and that it will open a data room to seek partners. The company needs about 2 billion dollars to develop the find off the Falkland Islands that Margaret Thatcher went to war following the Argentine invasion in 1982.
Rockhopper struck lucky at its first attempt and also made a second discovery.
It plans to start commercial production in 2016 when it hopes to develop the Sea Lion field with a giant oil tanker moored over it. The ship will be fitted with a drilling rig and have the capacity to store up to three million barrels of oil, which would be offloaded to other tankers.
According to Houston press reports Anadarko made a provisional offer to invest nearly 1.6 billion dollars in Rockhopper. Allegedly four Anadarko executives flew to Port Stanley recently to meet with the UK explorer, and one said that the provisional offer to invest in Rockhopper’s Sea Lion discovery and develop it is on the table.
Six energy companies have approached Rockhopper’s quest to bring in a partner by the end of March to develop its discovery, but Anadarko is by far the biggest.
The Sunday Times mentioned Houston-based Noble Energy Inc., Hess Corp and Murphy Oil USA Inc. are also interested, as well as UK firms Cairn Energy and Premier.
Anadarko was a minority owner in BP's Macondo well, which exploded spilling almost five million barrels of oil into the Gulf of Mexico and killing 11 workers. It agreed last year to pay BP four billion US dollars to settle claims over the disaster.
Rockhopper's discovery of the oil field has increased the tensions between the UK and Argentina, which has maintained its claim to the Falklands/Malvinas Islands since going to war over them in 1982.
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”Anadarko Petroleum Co. has agreed to pay $4 billion to BP PLC as part of a settlement related to last year’s Gulf of Mexico oil spill.
BP said Monday that Anadarko’s payment will form part of the British company’s $20 billion trust fund, which has paid out $7 billion so far to settle claims from individuals and businesses. Eleven workers were killed when the Deepwater Horizon rig at the Macondo well exploded off Louisiana on April 20, 2010, causing the largest oil spill in U.S. history.
In its asset disposal program, BP has announced at least 15 sales including:
• Its 60 percent stake in Argentina-based oil and gas producer Pan American Energy to Bridas Corp. of Argentina for $7 billion.
www.washingtontimes.com/news/2011/oct/17/bp-anadarko-settle-gulf-disaster-claims/?page=all
Four execs from Anadarko flew to port Stanley last week for talks, apparently some of the members of the board consists of former top US defence bosses
Anadarko has got approval from the highest levels in the US .
If agreed this would boost mr Cameron and a hammer blow to argentines claim.
www.thesun.co.uk
time will tell.
.
What was the market like today Marcos? Yummy!
Coming the news from a “good source” like the SUN is a ”guaranty of accuracy..
Hugs Marcos
They are not the only interested party :-) Bidding war anyone.
All this demonstrates is how nobody of any worth considers Argentina of any relevance to the emerging FI oil industry. Too much for you to admit isn't it. Arr pity poor Argentina with a chip on her shoulder :-(
“Anadarko, Kerr-McGee Can’t Limit $15.5 Billion Claim in Lawsuit”
By Tiffany Kary
January 21, 2012
U.S. Bankruptcy Judge Allan Gropper in Manhattan denied the request from The Woodlands, Texas-based Anadarko and Kerr-McGee (KMG) in court papers filed yesterday. His ruling paves the way for Tronox creditors and the government to argue in a May trial that the companies should pay billions of dollars to clean up thousands of polluted sites around the U.S. and compensate people who claim they were harmed by Kerr-McGee’s toxins.
“The amounts at stake are possibly enormous but at this point wholly uncertain,” Gropper wrote, noting that a separate estimate of tort and environmental damages in the case had been $1.9 billion to $6.9 billion. Gropper ...
mobile.bloomberg.com/news/2012-01-20/anadarko-kerr-mcgee-can-t-limit-15-5-billion-damage-claim
We are going into procuction and you are too insignificant to stop it.
Don't you just love it when a plan comes together and when the Argies cannot organize a piss up in a brewery. Argentina, that land of false dawns and no hope!
Company is very, very friendly with the pentagon and it has a Ex US strategic commander as it's CEO.
but to see the Americans slipping away, must be embarrassing
www.youtube.com/watch?v=0iqwx9i704g
love the pirates :-)
Long Live the Falklands.
Mercopress and many other, more or less serious, sources on internet say:
”The Sunday Times reported that Anadarko is in talks with Rockhopper that may lead to a takeover of the company. Anadarko executives last week met managers of the UK company according to the report.”
I (THINK) HAVE JUST CHECKED THE WHOLE BLOODY SUNDAY TIMES AND COULDN’ FIND ANYTHING ABOUT THIS “STORY”! ....NOTHING! …… NADA! .... RIEN! …. NIENTE! ..... NICHTS! .....COMPRENDE….....?
MercPress goes on saying:
”According to Houston press reports Anadarko made a provisional offer to invest nearly 1.6 billion dollars in Rockhopper. Allegedly four Anadarko executives flew to Port Stanley recently to meet with the UK explorer”
THEY MUST SURELY BE REFERRING TO FOLLOWING ARTICLE:
www.bizjournals.com/houston/morning_call/2012/01/anadarko-makes-provisional-rockhopper.html
BUT…………. THIS HOUSTON “SOURCE” HAS ONLY CUTTED AND PASTED YESTERDAY’S STORY FROM THE SUN....:
www.thesun.co.uk/sol/homepage/news/money/4077559/US-firms-1bn-for-Falklands-oil.html
SUMMARIZING…:
NO SUNDAY TIMES STORY….
NO “HOUSTON PRESS” REPORTS….
JUST A “GOOD STORY” ON THE SUN…!
SOMETHING SMELLS BAD HERE AND IT AIN’T MY SOCKS….!
Me Thinks your Jealous Think!!!!
Look on the bright side. In a few years' time the Falkland Islands will be able to BUY argieland. Then you can all learn to ride donkeys. In other words, each other, and round up the feral animals for your masters. Argies will then revert to their proper place. Like monkeys. Sorry. They are monkeys, aren't they?
www.timesplus.co.uk/sto/?login=false&url=http%3A%2F%2Fwww.thesundaytimes.co.uk%2Fsto%2Fbusiness%2FIndustry%2Farticle860553.ece
Authored by Danny Fortson
journalisted.com/danny-fortson?allarticles=yes
Third story down.
Look harder next time or give me a shout and I will find the reference for you. I use traditional Harvard style usually but have been know to use Vancouver depending on the journal I am planning to publish in :-)
Its the stuff of nightmares aint it Think
chuckle chuckle
www.youtube.com/watch?v=xPGLNYAgL-8
There it was indeed, the bloody bugger……………..
”Texans fly into Falklands for Rockhopper talks
Ben Marlow and Danny Fortson
The Sunday Times Published: 22 January 2012
The American oil giant that partnered BP on the ill-fated Deepwater Horizon oil platform is considering a move on Rockhopper, the Falklands explorer. It is understood that a team of executives from Anadarko Petroleum, the $40 billion oil group, flew to the Falklands last week to meet..........”
Thanks Mr. Beef……..
And this is just for starters
Una empresa petrolera estadounidense pagaría unos 1.500 millones de dólares al gobierno británico para sumarse a la exploración de hidrocarburos en la plataforma submarina de las Islas Malvinas.
[And this is ONLY speculation]
That if the USA invested in this oil, and other things,
Would it not be true, that, this interest would be liable for protection from the American naval fleets, and the USAF,
Not that they would be needed,
And it may well just be , vanity,
But an interesting thought.
Just an opinion.
The Falkland Islands will be protected for as long as they wish, and now it seems the US will be a player in that protection.
www.clarin.com/politica/empresa-petrolera-Unidos-operaria-Malvinas_0_632936838.html
And this is just for starters
Una empresa petrolera estadounidense pagaría unos 1.500 millones de dólares al gobierno británico para sumarse a la exploración de hidrocarburos en la plataforma submarina de las Islas Malvinas.
YOU WILL ALL NOTICE THAT THIS POSTING HAS NOT BEEN REMOVED EVEN THOUGH IT CLEARLY VIOLATES THE TERMS AND CONDITIONS GOVERNING THE USE OF THIS FORUM WHICH STATE THAT ALL POSTINGS MUST BE IN ENGLISH.
WHOSE SIDE ARE YOU ON MERCOPRESS?
So much for Yankee support !!
falklandsnews.wordpress.com/2012/01/24/a-hammer-blow-to-argentina/
www.washingtonpost.com/lifestyle/travel/argentina-princess-cruises-angered-that-falklands-blocked-ship-with-argentines-from-docking/2012/01/16/gIQAlSuv3P_story.html
Oil grab in Falklands may triple UK oil reserves:#
www.washingtonpost.com/business/oil-grab-in-falklands-may-triple-uk-reserves/2012/01/20/gIQAHVo1CQ_video.html
Did the Islanders really believe that Britain would allow them to keep that Oil?
My spies are telling me that you can expect a team of officials from London to arrive at Mount Pleasant soon - and they will tell you exactly who is going to get their hands on that black gold chey !
What is interesting is that if there was no substance to this news then RKH would have by now had to release an rns stating that they have had no talks. I guess in this case there is no smoke without fire.
YOU WILL ALL NOTICE THAT THIS POSTING HAS NOT BEEN REMOVED EVEN THOUGH IT CLEARLY VIOLATES THE TERMS AND CONDITIONS GOVERNING THE USE OF THIS FORUM WHICH STATE THAT ALL POSTINGS MUST BE IN ENGLISH.
WHOSE SIDE ARE YOU ON MERCOPRESS?
An American oil company would pay about $ 1,500 million to the British government to join the exploration of hydrocarbons in the continental shelf of the Falkland Islands.
happy now :-))))))))))))))))))
As for the Oil- if developed - You really are a dumbo if you believe what any paper says be in in UK-USA_Arg!! Look instead at official Govt Statements from the 2 Governments concerned- UK and Falkland Islands. Both make it 100% CLEAR - all revenue would accrue to FI Govt.
Think - I am with you I think on this - there is a lot of “hot air” about on all sides at the moment! Time will tell.
Tuesday, 24 January 2012, 10:00 am
Press Release: US State Department
Taken Question
Office of the Spokesperson
Washington, DC
Question Taken at the January 19, 2012 Daily Press Briefing
January 20, 2012
________________________________________
QUESTION: Does the U.S. take a position on the recent posturing between the United Kingdom and Argentina over the Falklands?
ANSWER: This is a bilateral issue that needs to be worked out directly between the governments of Argentina and the United Kingdom. We encourage both parties to resolve their differences through dialogue in normal diplomatic channels.
We recognize de facto United Kingdom administration of the islands but take no position regarding sovereignty.
THE CAKE IS A LIE!!!one121!
No it's not!
Oh, ok.
And Your Point is?????????????????????????
Carry on Cutting and Pasting.
Lots of black gold for her to wear
Smooth shiny silky and clean,
Just enough, and fit for a queen,
The world is our oyster, that we set in stone.
So give us what we want, and leave us alone
But she cannot have it, as she knows to well
It belongs to the Falklands who has no wish to sell .
.
Great: you are getting better every post!
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