MercoPress. South Atlantic News Agency
Falklands’ appraisal well confirms extension of oil find described as ‘commercially viable’
Rockhopper Exploration said on Tuesday an oil discovery in Falkland Islands waters extends to the west of the original well, adding to hopes that the oil find is large enough to open up a new province in the remote South Atlantic. Read full article
Comments
Disclaimer & comment rulesFalkland area oil drilling firms are the Brits enemy in reality !
Aug 09th, 2011 - 01:49 pm - Link - Report abuse 0The oil firms are no-ones enemy Geo. RKH are undergoing their work carefully and appropriately and a booking of sealion reserves will be issued in 2012. A field development plan will be issued and lodged with the FIG. Following this a farm-in will be confirmed. The FPSO will be delivered and rigged up and FI oil will flow from the FI and there will be no shortage of buyers!
Aug 09th, 2011 - 02:08 pm - Link - Report abuse 0Some tasty growth and dividends are on the horizon. Good work RKH. A very good entry price to be had. Get tucking those shares away in your safe!
Good for the overseas stock investors. A bad omen for wildlife. By the way, investing in oil exploration is quite different than buying stock of companies that deal with oil, because the first are subject to flops that the second have not. My only hope is that whose wells dry up soon and that no rockwave or tidalwave produce that a rig breaks its pipes and an oilspill creates a wildlife hazard (which no insurance will pay for).
Aug 09th, 2011 - 02:29 pm - Link - Report abuse 0Argie - production will be via subsurface FPSO. Planning for that has already commenced. This drill has increased the amount of recoverable significantly and is still the first find in the FI (there will be more). There will be no quick drying up of FI oil. Look at the North Sea for an example!
Aug 09th, 2011 - 02:54 pm - Link - Report abuse 0Mmm, profit, profit, profit. Yummy! And Argentina will see none of it!
C'mon Beef
Aug 09th, 2011 - 03:10 pm - Link - Report abuse 0did you have the underplate reserve testing made at Falkland around!?
In English next time geo! We did do DST testing though so we know this location would be an additional area to produce from!
Aug 09th, 2011 - 05:09 pm - Link - Report abuse 0All data to go towards the 2012 CPR! Christmas is coming!!!
I hope that money is enough to pay you a ticket to London !! have fun there !!
Aug 09th, 2011 - 05:21 pm - Link - Report abuse 0Don't live in a city hipo! I much prefer the semi-rural location! I can't stand London and only go there when required, although Heathrow is usually about as near as I get!
Aug 09th, 2011 - 05:45 pm - Link - Report abuse 0Beef. Argentina might see more than some of it. Only that for the time being both military powers (England's and ours) are a bit sunk on the crisis department and none would try actions of the kind you know we may start if the current government CEO loses her head. And don't forget that the Acts of God (in the sense given by Lloyds' policy conditions), seldom respect human installations, no matter how they're built, how strong they are or how far from an epicentre. Meanwhile, be happy and take care of the wildlife we all enjoy.
Aug 09th, 2011 - 06:56 pm - Link - Report abuse 0@8
Aug 09th, 2011 - 07:20 pm - Link - Report abuse 0Off topic but I want to ask the question, should I buy Treasury Bonds?
[] - 10 Artio
Aug 09th, 2011 - 07:32 pm - Link - Report abuse 0is this true ? comment #203 !
http://en.mercopress.com/2011/03/31/argentina-promotes-world-wide-malvinas-discussion-under-the-logo-of-it-takes-two-to-tango
if the link doesn't work you can find it from the archive !
Argie - there is no need to involve Argentina, unless you want to buy the oil. It is much better quality than that heavy grade Venezuelan rubbish.
Aug 09th, 2011 - 08:08 pm - Link - Report abuse 0Artillero - depends on what government you want to buy them from, over what term, how long would you want to hold and would you want to make them index linked and accept a lower income if inflation drops?
@12
Aug 09th, 2011 - 08:50 pm - Link - Report abuse 0US, everybody in the mother are buying them ....
@11
Aug 09th, 2011 - 08:54 pm - Link - Report abuse 0Dear Geo, I don't know what Think is talking about ..... too busy seeing the “Dow” going down.
rouge Beef, sadly you will loose your rural area, oil pipes will be there soon contaminating the wonderful wildlife of the Islands. remember you cannot eat money, only vegetables and meat.
Aug 09th, 2011 - 09:07 pm - Link - Report abuse 0Try to look beyond your nose, is not that difficult...
Those islands are one of the last frontiers, do not destroy them.
Hipo - I do not live in the Falklands and while there is some local drilling for shale gas in my area there is certainly no oil!
Aug 09th, 2011 - 09:13 pm - Link - Report abuse 0Oil = Freedom :-)
Aug 10th, 2011 - 03:13 am - Link - Report abuse 0http://falklandsnews.wordpress.com/
Red, what happened to renewable energy, green this, green that ! Should we be investing into solar, wind, those types of energy sources? Don't we want a greener planet?
Aug 10th, 2011 - 02:51 pm - Link - Report abuse 0This is in reference to the Republican (US) view (which I'm against it) drill baby drill bullshit ..... JMO
Think, what are the Falkland Hydrocarbon Company Share Prices today and yesterday? For the sake of consistency and for your own integrity I think you should post them!
Aug 10th, 2011 - 02:52 pm - Link - Report abuse 0Chuckle Chuckle.
Artillero - while renewable energy has it's place in the present and future it is not going to replace oil anytime soon in terms of fueling our cars and airplanes! In China and India coal is king to produce electricity.
Aug 10th, 2011 - 04:46 pm - Link - Report abuse 0Things will change but in the meantime we need oil and there is less of it about. A source from the Falklands would be a welcome addition. A low tax and politically stable region with no chance of any military confict or civil unrest to screw production up.
This is only the first find. This will provide a bucket load of cash to fund further exploration. There are very interesting times ahead and many more oil discoveries will emerge. The South basin has some potential finds that would dwarf the NFB and for those who don't mind a bit of risk, BOR and FOGL are looking very cheap!
Beef,
Aug 10th, 2011 - 05:29 pm - Link - Report abuse 0I understand what you are saying BUT I don't think that the “rush” to find alternative energy is not there.
In some areas it is, in others it isn't. As these initiatives are driven by profit and by the private sector (including universities) then there needs to be a significant economic incentive for things to ramp up significantly. The push at the moment us to use less fuel through developing more efficient engines. Hence the A320Neo is outselling all new small single isle jets at present.
Aug 10th, 2011 - 05:35 pm - Link - Report abuse 0Even the technology is there , is not affordable to the point that everybody can jump to it. For example: why can't I power my house with solar panels? Average expense is about 3,600 US dollars a year. If I invest in that technology right now I will not see my return on the investment in what ? 10 years? Do you see my point?
Aug 10th, 2011 - 05:44 pm - Link - Report abuse 0That is exactly what I mean. Microgeneration may be more feasible if there were more generous feed-in tariffs if you sold your excess energy back to the power companies. With my house it would take about eight to ten years to break even and I may not wish to live in this house for that period of time????
Aug 10th, 2011 - 06:37 pm - Link - Report abuse 0If these things where more scalable then great, like they are with wind farms, especially offshore in the UK!
For the moment we are dependent on oil!
You are right! so when a candidate for President states that We need to cut our thirst for oil, I already know is a bunch of crap !!
Aug 10th, 2011 - 07:16 pm - Link - Report abuse 0On a different note, US treasury , 10 year , 3% return .... shitty , isn't it? but you like you say, depends on the time frame ?
Best get the Irish or other Eurozone ones. In effect they are underwritten by Germany so are lower risk but higher reward!
Aug 10th, 2011 - 10:37 pm - Link - Report abuse 0Art - I've lost money on renewable energy shares. I've made money on oil shares. Currently I'm sticking it into gold :-)
Aug 11th, 2011 - 01:09 am - Link - Report abuse 0Red, Good choice! expensive though
Aug 11th, 2011 - 12:46 pm - Link - Report abuse 0“ ... Shares in Rockhopper Exploration, the oil and gas explorer operating in the Falkland Islands, jumped back through the £2 barrier after rising more than 6% in early trading in London....”
Aug 11th, 2011 - 02:39 pm - Link - Report abuse 0Is that good ?
:-/
Of course it is ... but i was talking about the gold price
Aug 11th, 2011 - 03:11 pm - Link - Report abuse 0Red - I am doing my best to add to my RKH holding at these levels. Have bout above these levels and very much below as well. My average is around £1.20!
Aug 11th, 2011 - 04:27 pm - Link - Report abuse 0If you want confirmation that RKH is a sound investment then look at the fact that the gvt of Singapore have today announced that they hold 3% of RKH's total shares in issue!!!!!! They are also constructing a large underground oil storage facility! Mmmm 2+2=4!
And still the occasional Argie throws personal insults at me. Jealousy is a terrible affliction.
Jealousy is a terrible affliction..... I know Beef, I have that problem all the time!! lol!
Aug 11th, 2011 - 05:56 pm - Link - Report abuse 0By some RKH. If it good enough for the Singapore gvt and their 20yr investment strategy then it is investment grade for anyone!
Aug 11th, 2011 - 09:56 pm - Link - Report abuse 0Boys, my 'is that good' was tongue in cheek, .... and aimed at others :-)
Aug 11th, 2011 - 11:40 pm - Link - Report abuse 0Me ... being 'cute' again :-0
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