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Montevideo, August 11th 2022 - 10:56 UTC
Investment banking heavyweight Credit Suisse has initiated coverage of Rockhopper Exploration with a bullish assessment of prospects for the Falklands–focused firm, reports Proactive Investors UK. Read full article
and this is when the real trouble starts.
What are you going to do about it? It's in our waters.
You could have had a share of it if you had not ripped up your end of the 1995 hydrocarbon agreement.
This coupled with your constant harrassment, provocation and aggression have effectively lead to you cutting your nose of to spite your face as far as the UK and Falklands are concerned.
the marginal small firms like RKH/others can not finance their own huge especially deep-sea outlays /others.....
in other words;
they can not sustain their operations even if oil will be found there...!!
Hmmmm, who do I believe, geo or Credit Suisse? Hard choice ;-)
Firstly the NFB is not deep sea drilling. It is standard offshore drilling and nothing like the Gulf of Mexico etc.
$2bn development for FPSO is peanuts for a find of this size and this does not include the other discoveries. With enhanced recovery factor due to the Casper gas cap and a reserves upgrade in the pipeline then it is all systems go once farm-in development schedule is sorted. Geo, RKH will not finance this development. Mr Big Oil will finance it for a slice of the pie. The data room is there for a reason.
Argentina cannot complain as it decided to back out of oil expo collaboration and it will not get one single dime. Argentina is also unwilling to mount a legal challenge (as it has no legal argument) or a military challenge. Argentina, the country that could have lots but chooses not to. A country with a complex?
Can you smell what the Rock is cookin!
Sounds good Beef. No wonder geo, cero, dental floss, marcos, fink and BJK, etc are upset about it all though. As usual, their country has made a right mess of it all.
** 5 Beef
Credit Suisse ?...that is a Swiss under the FBI investigation ..!!
do you have an idea the costs of land /sea drilling per hour ...??
these kinds of marginal firms are the paravanes of bigger oil companies
by way of some personal speculators indirectly.....
i am certain that all emerging countries well know this reality..!
Geo - sorry you are wrong. Conspiracy theories are for comic reading introverts!
Regarding cost of sea drilling per hour etc. Such calculations are not really relevant. All the costings are accounted for, drilling lives fees, royalties, tax, equipment rental, maintenance etc. etc. This is then compared against removable oil volumes and production flow rates etc. This gives you a price per barrel in the ground. This is the figure that matters. Sealion is a world class discovery, wax issue is now not an issue as proven by the last flow test. FI has a very low tax and royalty burden on eventual producers (as written into the licence agreement).
As a result I expect the price per barrel in the ground to be higher than most finds. This is also a fairly easy development to take into production, relatively shallow and using an of the shelf FPSO well system that has been used before.
This mother is going to make the Falkland Islanders the richest people in the world per capita. I think they deserve it considering what they have to put up with from the local yellow bellied neighbours.
** 8 Beef
you are confused on base scales..
i asked mere costs not price formations...
Geo - to calculate this is not possible unless you are in possession of a lot of commercially sensitive data. It also depends on deals and market demand for materials etc. if the farm-in partner owns the FPSO etc.
The IIs will have calculated potential costs when determining their investment and it is likely these will be higher than the eventual costs.
Discussing oil in the ground price is more relevant for an investor. This rises with more oil and with upward pressure on market oil price.
RKH are presenting at oil E&P conferences tomorrow and Tuesday. Things are going to get interesting as this news flow starts to speed up!!!!
Counting down the day until my mortgage of £200k is paid off due to RKH!
Long live equity investing and speculation.
** 11 Beef
thanks a lot ...!
long live walnut/grapes added cake + tea
And so Argentina becomes an ever more irrelevant factor in this dispute with her surprising tactic of trying to insult and annoy the islanders and the UK as much as possible in the hope something might happen, I have come to the conclusion that Argentina doesn't really want the islands, because if she was really interested in tearing them away from Britain's bosom she would have been extolling the virtues of being a part of Argentina to the islanders, not flat out ignoring them as an irrelevancy in the dispute and insulting the UK in very crude terms.....what a way to get us to the talking table hahah keep it up :)
Notice there are no comments from O gaga, the Fabled Pratt-Junta, Yuleno (who he?) et al?
More Positive news for the Falklands as there will always be a HIGH demand for Oil!!!!!!!!!!!!!!!!!!!!!!!!
And geo you are BUSTED!!!!!!
Long Live the Falklands.
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