Rockhopper presses on with Falklands oil

The UK’s Rockhopper Exploration has made clear it is pressing on with its Falklands oil project ­by announcing a deal to farm out some of the work to Premier Oil. Premier will pay $1billion (£647m) for a 60% stake in Rockhopper’s North Falkland Basin licences and take on a key role as operator at the […]

Argentina threatens UK oil firms with legal action on Falklands

The UK Government has hit back after Argentina’s Foreign Minister threatened British oil exploration firms working in the Falklands with legal action. Yesterday Argentina’s Foreign Minister Hector Timmerman reportedly said “the resources of the South Atlantic are the property of all the Argentines” and claimed oil development in the Falklands was “illegal”. The comments follow […]

Rockhopper stock jumps on new oil

Rockhopper Exploration’s stock price jumped to a three month mid-day high yesterday on the news that its latest well in the Falklands had carried out a successful flow test. Rockhopper had reported that its well on the Sea Lion prospect maintained a steady flow for 48 hours at a commercially viable rate. The share price […]