Falklands’ Oil Discovery Announcement Has Rockhopper Shares up 32% Monday

Monday, May 10th 2010 - 18:44 UTC

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Shares in Rockhopper Exploration (LON:RKH) soared by 32% on Monday morning, after the latest results of its Sea Lion oil discovery in the Falkland Islands suggested a good quality reservoir. Read full article

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Beef
From the Bloomberg App on my iphone the price at close on AIM:RKH was +51.03%. This is a 51% increase on the price on Friday which was a 48% increase on the price on Thursday which closed up 150%. All we need now apart from the lab tests is the data on total recoverable oil which could be between 150-450 million barrels.

The OG crew have certianly done the Islands and RKH proud. All of the PIs who put our hard earned money in such a risky venture are rewarded for their conviction and belief in the Falkland Islands.

Now the NFB has been proved then it looks like the Islanders are going to be the richest people in the world in terms of GDP. If any community deserves this reward then it is certainly the Islanders who have in the past faced a great deal of disproportinate bullying from their nearest regional neighbour.

The rig will now move to test the Toroa prospect for AIM:FOGL in an undrilled basin to the east of the Islands. Exciting times ahead for all those invovled.

Keep up the good work and Best of British.
May 10th, 2010 - 08:09 pm - Link - Report abuse 0
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