Falklands’ Rockhopper “High Quality Reservoir” Oil Find Boosts Shares

Saturday, May 8th 2010 - 01:23 UTC

Full article 4 comments

Rockhopper Exploration (LON:RKH) oil discovery in the Falklands Islands is of “good” quality said on Friday a release from the company. The announcement had a positive impact on shares of all Falklands’ oil explorers. Read full article

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Rhaurie-Craughwell
This is indeed more excellent positive news I might start buying shares myself. I really wish that Argentina could have used this opportunity to encourage conciliation instead of confrontation, the latter seems to have got them nowhere....

As for it being their resources and great Britain taking it.....wrong on both fronts sadly.

1. If it were Argentina's resource, why aren't they drilling.
2. If it was illegal was has no one else protested except Argentina.
3. the United KIngdom is not taking the resources, it is an exploration campaign run by private companies registered in the UK and the Falklands.
4. It was the Falklands Islands government who approved the drilling, the UK didn't.

I am quite sure if Argentina asked nicely she would be allowed to take some of the Falklands resources...
May 08th, 2010 - 09:40 am - Link - Report abuse 0
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Beef
It would make a lot of sence for Argentina to collaborate and will provide a much needed boost for the Argentine economy. Once CFK gets the boot next year then the new government will be much less jingoistic. CFK will of course try to buy the votes of the shanty town dwellers with gifts of fridge etc.

Either way there are other South American countries who to work with the Islands due to the vast dollar value this project has. With the price of oil likley to remain high in comparison to historic levels the raw crude could even be shipped to west africa or Europe. This will be for BP or Shell to worry about and my investment will be bought out by one of these boys. Argentina can do nothing about it so onward and upwards for those with common business sence!
May 08th, 2010 - 07:10 pm - Link - Report abuse 0
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Mat75
If Argentina can't act like a normal, civilised neighbour, it can 'go to heck' for all the UK should care about the matter. We can quite easily use our own expertise and resources to develop the fields, process on the Falklands, and keep all the wealth in UK/Falklands coffers, not Argentina's. It will teach them not to make stupid threats that they can't back up. I mean, should they try anything again like in 1982, we could use our nuclear subs and cruise missiles to level half their silly country within days.

I've had a massive grin on my face since I learned of this oil find news, if only because so many Argentine teenagers will shortly post on Mercopress (in their inevitable broken English) to express their impotent rage at our good fortune. Heh Heh :o)

It's like living next door to a tramp who can't afford to pay any of his bills, whilst our own financial situation gets better and better. The Argentines can't rant and rave all they want, whilst we laugh ourselves silly.
May 09th, 2010 - 04:57 pm - Link - Report abuse 0
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Rhaurie-Craughwell
It's incredibal the Argentine reaction, already from here to facebook I have seen demands for nuclear war, embargoes, sanctions, invasions quite appalling really, even some twerp on las malvinas son Argentinas X 1,000,000 (or something along those lines) calling for genocide of the islanders? Disgusting, pathetic behavior....
May 12th, 2010 - 06:54 pm - Link - Report abuse 0
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