Falklands : Hydrocarbons Daily Record (05 and 06 September 2007)
Submitted by Falkland Islands News Network (Juanita Brock) 07.09.2007 (Article Archived on 21.09.2007)
Fear mongers are wreaking havoc with crude prices.
HYDROCARBONS DAILY RECORD (05 AND 06 SEPTEMBER 2007)
By J. Brock (FINN)
At 1800hrs LMT on Wednesday, 05 September 2007 Light Sweet Crude was trading at $75.73 up 65 Cents on the New York Mercantile Exchange. Brent Crude was trading at $74.34 up 42 Cents on London’s ICE Futures Market.
At 1800hrs LMT on Thursday, 06 September 2007 Light Sweet Crude was trading at $76.30 up 57 Cents on the New York Mercantile Exchange. Brent Crude was trading at $73.14 down 20 Cents on London’s ICE Futures Market.
ANALYSIS:
The fear mongers are wreaking havoc with crude prices with storm fears, Nigeria Geopolitics fears and supply fears. I think it’s about time people woke up and smelled the coffee as far as using fear to increase the price of crude goes.
It was last year at about this time that, when the price of crude began to fall exponentially that pressure was on OPEC to cut production. Now pressure is on to increase production against the best advice that OPEC is pumping enough to meet demand.
THE MARKETS, 06 September 2007:
FTSE 100 6,313.30 up 42.16, FTSE 250 not available, SmallCap not available
DJI 13,363.35 up 57.88, NASDAQ 2,614.32 up 8.37, S&P500 1,478.55 up 6.26
BRIEF INVENTORY REPORT FOR THE WEEK ENDING 31 AUGUST 2007:
Crude: 329.7 million barrels down 3.9 million barrels
Gasoline: 191.1 million barrels down1.5 million barrels
Refinery Capacity: 92.1% up 1.8%
LOCAL DEVELOPMENTS
Rockhopper Exploration PLC ("the Company")
5 September 2007
Notifiable Interest
A form TR-1 containing the following information has been received by the Company.
TR-1 notification of major interests in shares
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:
Rockhopper Exploration PLC
2. Reason for the notification An acquisition or disposal of voting rights
3. Full name of person(s) subject to the notification obligation: RAB SPECIAL SITUATIONS (MASTER) FUND LTD
4. Full name of shareholder(s) (if different from 3):CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED
5. Date of the transaction (and date on which the threshold is crossed or reached if different): 3 September 2007
6. Date on which issuer notified: 4 September 2007
7. Threshold(s) that is/are crossed or reached: 6%
8. Notified details:
A: Voting rights attached to shares
Class/ Situation previous Resulting situation after the triggering
type of to Triggering transaction
shares transaction if possible
Notification required under DTR transitional
provision 7
using Number of Number Number of Number of voting % of voting
ISIN Shares of shares rights rights
CODE Voting
Rights Direct Direct Indirect Direct Indirect
ORDINARY
SHARES 5,829,810 7.70% 4,617,310 4,617,310 100,000 6.10% 0.13%
B: Financial Instruments Resulting situation after the triggering transaction
Type of Expiration Exercise/ Number of voting rights that may % of
financial date Conversion be acquired if the instrument is voting
instrument Period/ exercised/ converted rights
Total (A+B)
Number of voting rights % of voting rights
A ONLY 6.23%
9. Chain of controlled undertakings through which the voting rights and/or the
financial instruments are effectively held, if applicable:
RAB Capital plc acts as investment manager for RAB SPECIAL SITUATIONS (MASTER)
FUND LTD. RAB Capital plc does not act as custodian for its clients and
therefore the shares are held in the nominee name of the custodian of its
clients, which is CREDIT SUISSE CLIENT NOMINEES (UK) LIMITED.
10. Name of the Proxy holder: N/A
11. Number of voting rights proxy holder will cease to hold: N/A
12. Date on which proxy holder will cease to hold voting rights: N/A
13. Additional information: N/A
14. Contact name: N/A
15. Contact telephone number: N/A
For further information, please contact:
Rockhopper Exploration plc www.rockhopperexploration.co.uk
Sam Moody - Managing Director 01722 414 419
Aquila Financial Ltd www.aquila-financial.com
Peter Reilly 020 7202 2601
This information is provided by RNS
The company news service from the London Stock Exchange
RELEVANT SHARE PRICES:
Wednesday, 05 September 2007
TLW: 539.50 down 7.50 up 1.00, DES: 31.75 down 0.25, FOGL: 145.50 up 0.50, RKH: 49.00 up 0.50 BOR: 32.75 down 0.25, PRE: 12.50 unchanged, GBP: 9.38 up 0.13, GPK: 425.00 down 1.00.
Thursday, 06 September 2007
TLW: 551.00 up 11.00, DES: 31.00 down 0.75, FOGL: 143.00 down 2.50, RKH: 49.00 unchanged BOR: 33.25 up 2.50, PRE: 12.50 unchanged, GBP: 9.38 unchanged, GPK: 425.00 unchanged.
Final Prices for Thursday did not stay on the Stock Exchange website. These are mid afternoon prices.
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