
Falkland Oil & Gas confirmed on Wednesday drilling operations will begin in the first quarter of 2012 and revealed it is in early talks with firms interested in taking part in its exploration program south of the Falkland Islands. The company however anticipated it did not expect to conclude any farm-out agreement until later this year.

Borders & Southern Petroleum has extended a contract for exploratory drilling in Falkland Islands waters to include at least another two wells, it was announced on Thursday by parties involved.

Falkland Oil and Gas Ltd plans to raise £32m through a placing of shares at 70p each, with the money earmarked for the oil and gas exploration company’s 2012 drilling program, according to a release from the company heavily involved in exploration to the South and East of the Falkland Islands.

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.

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.