Falklands : Hydrocarbons Daily Record (03/07/06)
Submitted by Falkland Islands News Network (Juanita Brock) 04.07.2006 (Article Archived on 18.07.2006)
Desire Petroleum stock prices are up due to the Board presenting in Norway.
HYDROCARBONS DAILY RECORD: MONDAY, 03 JULY 2006
By J. Brock (FINN)
At 1800 LMT on Monday, 03 July 2006 Light Sweet Crude was unreported due to the US Independence Day holiday. Last Friday’s quote was $73.93 on the New York Mercantile Exchange and Brent Crude added .63 cents to $73.39 per barrel on London’s ICE Futures Exchange.
TRENDS:
Worry about the amount of people using the roads over the 4th of July keeps the price per barrel high due to worries about the supply of gasoline. Conflict in Iraq and Gaza contribute to general nervousness as conflict in the mid east puts a price tag of many USD on the per barrel price of crude. Weather in the Gulf of Mexico remains unthreatened.
THE MARKETS
FTSE:
At the close of play, the FTSE100 was 51 points higher at 5,884.4 with the FTSE250 ahead 74.1 points at 9,496.8 and the FTSE Small caps 6 points better at 3,399.4.
DOW JONES AND NASDAQ:
Good financial news has affected the markets in a positive way today.
The Dow Jones Index closed up 0.07% and settled at 11,228.02 and the NASDAQ closed up0.84% and settled at 2,190.43.
DEVELOPING FACTORS
CARIBBEAN
At the CARICOM Summit great importance will also be given to the energy sector, in face of the soaring prices of hydrocarbons and the current operations of Petrocaribe, through which Venezuela offers crude and derivatives to Caribbean states in preferential terms.
LATIN AMERICA
(Mexico)
Hydrocarbons industries in Mexico could be affected by the outcome of Sunday’s presidential elections. Though there were several candidates, the two top runners are leftist Andres Manuel Lopez Obrador and Felipe Calderon, who advocates free market commercialism. It is widely seen that promises to the people are excellent on both sides of the political spectrum but the proof is in how well the candidates would keep those promises should they win. As in Bolivia and Venezuela, if there is an improvement in Education, Medical Care, Roads and other Infrastructure from oil money benefiting the people – that will test the metal of the candidates’ promises. At the moment there is less than 1% of a margin between the two top candidates and there will be a recount on Wednesday.
(Bolivia)
The Bolivian government has entered a consolidation stage after a “Movement Toward Socialism” (MAS) victory in the Constituent Assembly. With elections and in a referendum regarding autonomy this has been achieved, according to President Evo Morales. A referendum on autonomous departments, affirmed that NO vote won out by an estimated 55% throughout the country, which he considered a third victory for MAS, since it supports that position. The MAS victory also consolidated the nationalisation of hydrocarbons and the objective of changing the neo-liberal model.
(Falkland Islands)
28 June, 2006 Rockhopper Exploration plc (the “Company”)
Director Dealings
Rockhopper Exploration plc (“the Company”) announces that it was notified on 28 June 2006 that Mr Samuel Moody, Managing Director and Mr Richard Visick, Non-executive Director, today purchased the following 1p ordinary shares in the Company: Name Shares Purchased Price per share (pence) Number of shares held Percentage interest (%) Samuel Moody 50,000 32.25 783,428 1.09 Richard Visick 86,200 30.39 18,831,009 26.25 Mr Richard Visick’s shares were purchased in the name of Legal and Commercial Trustee Retirement Benefit Scheme (pension fund), of which Mr Richard Visick is a trustee and one of the beneficiaries.
END
For further information, please contact:
Rockhopper Exploration
Sam Moody, Managing Director 01722 414 419
Aquila Financial Limited
Peter Reilly 020 7202 2601
Falklands Oil Stocks End of Day Price for the 3.7.06
Desire Petroleum up 3.25p or 10.1%% on the day to stand at 35.5p
Falklands Oil and Gas up 0.5 or 0.5% on the day to stand at £110.50p
Rockhopper Exploration unchanged on the day to stand at 32.5p
Border and Southern unchanged on the day to stand at 44p
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