Falklands debate

[Dedworth]

"In February 2010, the Ocean Guardian drilling rig arrived in Falklands waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which is the first oil discovery and Contingent Oil Resource in the North Falkland Basin".



"With the well on the Sea Lion prospect successfully flow tested during September 2010, the company is fully funded to undertake an extensive exploration and appraisal programme across all of its acreage during 2011".

A fella I know made £30k selling Rockhopper shares at the right time

[lastlid]

A fella I know made £30k selling Rockhopper shares at the right time

Great name, Rockhopper! (Best said with a Texan accent)

Obviously the Rockhopper price is tied somewhat to the price of a barrel of oil and the minnows usually are affected moreso but the overall trend is up and looking at the well history they are finding the stuff okay.

Daily Telegraph on Rockhopper's reserves...

"Seven to eight companies were interested in partnering with Rockhopper to develop its Sea Lion field, executives from the company told a Morgan Stanley conference last week, according to the bank.
Rockhopper is estimated to have recoverable reserves of up to 500m barrels of oil in the field.
Exploration around the Falkland Islands has caused controversy with Argentina, which claims sovereignty of the islands." Etc etc