Goldman Sachs raised its price target on several exploration and production companies, including Falklands’ Rockhopper Exploration, and said there were opportunities for deals in some assets in the sector.
A numerous delegation from the Falkland Islands Chamber of Commerce is on its way to Scotland for a five day high-profile meeting with peers from Aberdeen and the Shetland Islands which begins next May 8.
UK based oil firm Borders & Southern pushed back the time frame for initial results from an exploration campaign offshore the Falkland Islands after a deep water well experienced technical issues.
Britain waited only a few minutes for Argentina to finish detailing a barrage of legal and administrative threats against anybody and everybody involved in the Falklands oil industry, and firmly stated its full support to the Islanders development of their hydrocarbons resources.
A leading UK market and investment analyst, Edison Investment Research looks at the prospects of the Falkland Islands oil industry and suggests the industry could be worth 180 billion dollars in royalties and taxes.
A new round of Falkland Islands oil exploration began this week when London AIM listed Borders & Southern Petroleum plc announced that their first exploration well, located approximately 140 kilometres south of the Islands, was spudded on 31st January 2012.
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.
Falklands oil industry sources confirmed that the semi-submersible Leiv Eiriksson oil exploration rig has reached Falklands’ waters and should be spudding its first well next Monday.
Rockhopper Exploration Plc climbed to an 11-month high in London trading after a report that Cairn Energy Plc is in talks with the only company to have made a potentially commercial oil find near the Falkland Islands.
Rockhopper Exploration which recently discovered oil and gas in Falkland Islands waters has appointed Bank of America Merrill Lynch to lead the process of finding a partner for its 2 billion dollars oil project in the North Falkland basin, reports the London media.