Falklands : FALKLANDS HYDROCARBONS WEEK 10/20/12
Submitted by Falkland Islands News Network (Juanita Brock) 20.10.2012 (Article Archived on 03.11.2012)

We look at hydrocarbons news about the Falklands during the week of 14-20 October 2012

FALKLANDS HYDROCARBONS WEEK 10/20/12

Falklands Hydrocarbons News:

TEAM FROM NOBLE ENERGY AND FOGL VISIT THE FALKLANDS

By J. Brock (FINN)

A team of executives and managers from Noble Energy and Falkland Islands Oil and Gas have been visiting the Falklands on a familiarisation visit.  The team includes Charles J (Chip Rimer, Noble’s Regional Vice President International Division, Michael Radabaugh, Business Unit Manager, Troy Bevers, Senior Drilling Foreman, and Johannes A. de Jong, Falkland Islands Drilling Representative.  Tim Bushell, FOGL’s Chief Executive and David Hudd, Non-Executive Director also accompanied the group.

While in the Falklands the group visited the Chamber of Commerce, the Mineral Resources Department and other Government departments and facilities, the Chamber of Commerce and Government House.

In his welcoming remarks H. E. the Governor Mr Nigel Haywood welcomed the team and mentioned Tim Bushell and David Hudd from Falklands Oil and Gas.  He went on to say that there were many interesting challenges facing the oil industry including socio-economic issues to take forward with the industry. 

Mr Reimer said he wanted to thank the Governor for the reception and others responsible for giving the team such an informative and enjoyable visit.  He mentioned generosity openness, transparency friendliness and pride that he had not encountered elsewhere.  He went on to say he saw the huge match but added that communications were important and while people might now always agree on everything they would work well together for the future.  For Noble it is the future of their children and grandchildren and he looked forward to working with FOGL in the long term future.

London Stock Exchange Company News

Friday, 19 October 2012

Time/Date	Code	Name	Headline				Source
07:00 19-Oct-2012	RKH	Rockhopper Exploration plc	Completion of farm-out agreement with Premier Oil				RNS
07:00 19-Oct-2012	PMO	Premier Oil PLC	Completion of farm-in				RNS

Thursday, 18 October 2012

12:00 17-Oct-2012

RKH

Rockhopper Exploration plc

Investor Presentation

RNS

Wednesday, 17 October 2012

12:00 17-Oct-2012

RKH

Rockhopper Exploration plc

Investor Presentation

RNS

Completion of farm-out agreement with Premier Oil plc

Rockhopper, the North Falkland Basin oil and gas exploration company, is pleased to announce the completion of the farm-out agreement with Premier Oil plc ("Premier").  Upon receipt of the upfront cash payment of $231 million from Premier, Rockhopper will have net cash available of approximately $270 million.

The full Press Release can be seen at:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11368343



Completion of the farm-in for 60 per cent of Rockhopper Exploration plc's ("Rockhopper") licence interests in the Falkland Islands

19 October 2012

Premier is pleased to announce that it has completed the farm-in for 60 per cent of Rockhopper's licence interests in the Falkland Islands, which includes the Sea Lion development. This follows the expected cash payment of $231 million by Premier to Rockhopper and satisfaction of other closing conditions (including approval by the Falkland Islands Government). Operatorship of the Sea Lion development is expected to transfer to Premier at the end of October.

The full Press Release can be seen at:

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11368311

Press Reports:

Falklands to start producing oil by 2017

The Guardian-

ROCKHOPPER EXPLORATION PLC : Completion of farm-out ... 4-traders

Premier announces completion of the farm-in for 60% of ... OilVoice (press release)

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Globe and Mail

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Kauppapolitiikka

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The Times Group (blog)

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Northern Nevada Business Weekly

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Huffington Post UK

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Proactive Investors UK

Higgins makes visit to Argentina

Irish Times

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RUSI Analysis

Noble Energy начнет добычу нефти на Фолклендских островах ...

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