Rockhopper Exploration Share Discussion Threads

[gozzie2] 23/7/2022 14:42

How are they going to use the oil revenue, when you state there is no oil there lolWhat an 1diot .

[gozzie2] 23/7/2022 14:14

People did buy in and then died.Passed them to descendants ,that are now going to reap the reward.WHY are you HERE????Posting there is no oil won't work you b8llend lolYou stated you are paid for this cr@pWhich b@rmpot is paying you ???Il undercut your price and do a better job lol

[buy2sell1] 23/7/2022 14:00

GOBBIE2 presume you've NOT heard of decimalisation ?

unfamiliar with monetary changes back in February 1971 then.

[gozzie2] 23/7/2022 13:48

Are you the full shilling????

[gozzie2] 23/7/2022 13:46

Desperate ????

[trop2] 23/7/2022 13:39

Exxon experts big oil ??? Lol

[trop2] 23/7/2022 13:37

Am leaving calais with drug issues, which way blackpool/ linton on ouse? Lol mustapha calais

[buy2sell1] 23/7/2022 13:24

ExxonMobil, the world's largest oil company stated publicly that the Falkland Islands contained INSUFFICIENT hydrocarbons to make exploration and development profitable.

[trop2] 23/7/2022 13:16

Premier exaggerated , F.I $35

[buy2sell1] 23/7/2022 13:15

Such a pity that NIGOIL "conveniently" omitted the important bits from the Times newspaper article:

But never mind I'll fill in the missing gaps.

Argentina, which has denounced oil and gas exploration in Falklands waters as illegal because of its territorial claim to the islands, remains implacably opposed. Environmental campaigners have in the past also objected, although a local wildlife charity is not calling for a blanket ban.

If all goes according to the Rockhopper plan, and there are massive regulatory hurdles still to overcome, including a sign-off in Westminster, a final investment decision could be taken in TWO years’ time.

The Falklands has been the next big thing in oil several times in the past. Industry giants, including Shell, explored without luck in the 1990s, and there was a flurry of interest around 2010 when a rapidly-rising oil price sparked a prospecting rush.

After that rush of activity, however, the oil price dropped and market interest fell. Rockhopper, a tiny company headquartered in a Wiltshire farmhouse, is one of those to have stayed the course, and has the licence not only for Sea Lion but other potential fields. Moody, who is Rockhopper’s co-founder as well as its chief executive, first got involved in 2004 after having conversations with Richard Visick, the one-time owner of Weddell Island, the third-largest in the Falklands. “The acreage that Shell and others had been exploring was coming off licence — it was open for someone else to come in. Richard said ‘I think there is an opportunity here’, and we set it up together.”

In a statement, the Falkland Islands government said that it supported oil production “provided it is done to the necessary conservation and safety standards”. It said it was too early for definitive plans on how oil revenues would be used. “However, the Falkland Islands have significant infrastructure renewal requirements,” a spokesman said.

Esther Bertram, chief executive of Falklands Conservation, a charity that is devoted to protecting the island’s wildlife, said that the group did not oppose all oil development but it wanted additional environmental safeguards, including new laws, protection for inshore waters and funds in place for any damage or remedial work required.

“I think it will be quite interesting to see what happens because in the recent elections many voters talked about the environment being one of the big issues for them,” she said.

While some Falkland islanders may hope that the deal with Navitas will bring their dream of riches closer, others will remember that much has been promised before, and that much hangs on the oil price.

[r9505571] 23/7/2022 13:11

RKH & Premier calculated that the Sea Lion field had breakeven cost of about $40 a barrel.

[trop2] 23/7/2022 13:08

Oooh la la! Froggy throws a wobbler, rasputin chukking missiles! Lol get a move on big sam, get yer finger out lol pike dover

[r9505571] 23/7/2022 12:52

Thanks for posting!

[gozzie2] 23/7/2022 12:32

The billionaire can't afford to subscribe to the TimesA pound for 3 months then 26 a monthOut of his range

[oilretire] 23/7/2022 11:35

Anyone got access to the full Times article?

[arlington chetwynd talbott] 23/7/2022 11:15

Watch and learn.

[gozzie2] 23/7/2022 10:45

As long as it does .

[gozzie2] 23/7/2022 10:43

Desperate lol

[duckdown] 23/7/2022 09:37

“Not long now”?

Try 2026-2027 at the earliest!

17 years (minimum) to get oil out of the ground.

That’s very long!

[buy2sell1] 23/7/2022 09:36

The Falklands Islands has been talked-up as the next big thing in oil exploration terms many times in the past. Industry giants, including Royal Dutch Shell, explored without luck in the 1990s, and there was another flurry of interest in 2010 when a rapidly-rising oil price sparked an UNSUCCESSFUL prospecting rush.



A number of small A.I.M listed oil exploration companies including the now defunct Desire Petroleum, along with Falkland Oil and Gas, Argos Resources, Borders & Southern and Rockhopper Exploration all raised money from investors that foolishly belived untold riches awaited.

Hopelessly optimistic comments started appearing on investor bulletin boards (including ADVFN) with many saying Britain’s willingness to fight to reclaim the Falklands from the Argentine invasion in 1982 was the only proof needed that large quantities of oil and could be pulled from the South Atlantic.

This proved to be extremely poor judgement and after that initial frenzy, the oil price collapsed to under $40 per barrel and quite rightly the City of London turned it's back on oil exploration around the Falklands Islands.

Since then very little has actually happened in terms of extracting Oil and Gas from around the Falkland Islands leaving shareholders in Rockhopper Exploration PLC very much out of pocket.

[nigoil] 23/7/2022 09:14

hxxps://www.thetimes.co.uk/article/falklands-black-gold-rush-might-at-last-be-a-reality-s0g3jww7p

NICE....... Not long now!

TICK TOCK

In Sam WE trust!

Simples!...... :-)

P.S. Thank G0D for the filter!... LOL

[buffit1] 23/7/2022 08:49

THE TIMES - most positive item I've seen for a while.