Assessing Rockhopper's Falklands campaign
1st Dec 2011 17:04
Rockhopper Exploration is, perhaps, the most intriguing stock on the AIM exchange. Taken in isolation this oil exploration company, with a market capitalisation of £745m, is interesting in its own right. Rockhopper cannot, however, be taken in isolation because its interests in the seas off the Fal
Read moreRockhoppper signs off Falklands campaign
28th Nov 2011 14:23
Rockhopper Oil, the Falkland Islands focused exploration company, is drilling the final well of its current campaign. The news that the well was spudded at 8.15am this morning saw Rockhopper's share price rise 1%. Rockhopper is being carefully monitored by investors following its discovery in May
Read moreDigital Look broker talk
21st Nov 2011 12:09
Centrica: "Centrica has today announced major moves in the gas market. We believe that these are good moves that will underpin Centrica's position on both the Upstream and Downstream side" [Investec]. Phoenix Group: "Any takeover of Phoenix would also represent the hope that more cash could be sque
Read moreRockhopper completes sidetrack well
21st Nov 2011 10:43
Oil explorer Rockhopper Exploration says it has completed drilling a sidetrack well at its 14/10-9z site in the North Falkland's basin. The well was drilled to a total depth of 2,600 metres, with a total 60 metres of core cut through the Casper and Sea Lion prospects. Brendan Long, an investment a
Read moreMonday broker round-up - UPDATE
21st Nov 2011 08:23
RBS: Banco Espirito Santo lowers to neutral, cuts target to 22p from 51p. Centrica: Investec puts target price under review, buy rating unchanged. Capita: Credit Suisse cuts target from 780p to 770p, outperform rating kept. Capital Shopping Centres: Seymour Pierce maintains reduce stance and 324
Read moreWednesday broker round-up - UPDATE
9th Nov 2011 09:58
Admiral: Nomura puts buy rating and 1,900p target under review Admiral: Investec keeps sell rating and 843p target. HSBC: Evolutions Securities keeps sell rating and 650p target. British American Tobacco: Alpha Value downgrades to reduce from add. Regus: Credit Suisse upgrades from neutral to o
Read moreRockhopper down-manned after powercut
19th Oct 2011 07:38
Falklands oil exploration group Rockhopper Exploration has confirmed that it experienced a loss of power on its Ocean Guardian drilling rig on 16 October. The power loss occured whilst the rig was preparing to move to its next well location and as a result all non-essential personnel were down-mann
Read moreThursday newspaper tips: BAE, Speedy Hire, Rockhopper
13th Oct 2011 06:34
Since exiting the passenger jets market some years ago, BAE has been an entirely defence-focused business. Today, about half the workload comes from the UK military and about a fifth from the UK defence establishment. This is not a good place to be; last month the company announced about 3,000 job l
Read moreRockhopper finishes up strongly following placement at 180p
12th Oct 2011 16:48
Falklands oil exploration group Rockhopper has this afternoon announced the "successful completion" of its equity placing, comprised of 25.814m new ordinary shares at 180p each. The proceeds from the operation amount to £46.5m. The company´s entire issued share capital now rises to 284.2m ordinar
Read moreDesire in farm-out agreement with Rockhopper
12th Oct 2011 09:23
Desire Petroleum, the exploration company wholly focused on the North Falkland Basin, has agreed the terms of a farm-out agreement. The contract, which is subject to the approval of the Falkland Islands Government, is with Rockhopper Exploration in relation to the northern section of its Tranche D
Read moreRockhopper exploration well is dry hole
11th Oct 2011 07:51
North Falkland Basin oil and gas exploration company Rockhopper said exploration well 14/10-8 provided it with some useful geological information but no oil. The well was designed to investigate reservoir and hydrocarbon presence within the Sea Lion Main Complex (SLMC), and was also an exploration
Read moreSunday newspaper round-up: UK QE II, ARM, China, ASOS, BoE
18th Sep 2011 17:21
What will a second round of quantitative easing (QE II) do for equities, gilts and Sterling? asks Neil Hume in this Weekend's Financial Times. Well, both Goldman and Citi believe that QE II will centre on long dated public debt. In fact, Citi believes the Bank of England (BoE) could even end up bu
Read moreGlencore boss spends £10m
16th Sep 2011 15:58
Glencore's chief executive Ivan Glasenberg has opened his wallet, splashing out nearly £10m on shares in the commodity trading house. He took 2.25m shares at an average price of 435p a share and has already made a handsome profit of about £100,000. The company added that Glasenberg plans to buy m
Read moreRockhopper unveils $2bn plan for Falklands
14th Sep 2011 14:38
Falklands-based oil and gas exploration company Rockhopper has unveiled a detailed $2bn plan for the extraction of an estimated 350m barrels of oil, with production set to begin in early 2016. The AIM-listed firm also believes that it may produce as many as 120,000 barrels per day by 2018. Rockh
Read moreLondon close: Calmer start to the week, Footsie edges 31 higher
15th Aug 2011 16:35
A strong start on Wall Street and large gains from the miners helped London's blue chip index finish 0.57% higher on Monday. Meanwhile the banks limited gains on the Footsie over concerns over their level of exposure to Eurozone debt. Fluctuations in trading on Monday were not as severe as in recen
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