{"id":326776,"date":"2011-03-21T12:12:35","date_gmt":"2011-03-21T12:12:35","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/"},"modified":"2011-03-21T12:12:35","modified_gmt":"2011-03-21T12:12:35","slug":"falkland-oil-well-aids-rockhopper","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/","title":{"rendered":"Falkland oil well aids Rockhopper"},"content":{"rendered":"<p><div readability=\"72.9717615419\">\n        \t\t  <span><br \/>\n    <span>21 March 2011<\/span><br \/>\n<span>Last updated at <\/span><span>08:12 ET<\/span><br \/>\n<\/span><\/p>\n<p>Shares in Rockhopper Exploration jumped 38% after the British oil company said its oil well in the Falkland Islands is likely to prove commercially viable.<\/p>\n<p>In a trading update the firm said an appraisal of its Sea Lion well had found a high quality reservoir package.<\/p>\n<p>&#8220;Following this positive result we believe Sea Lion is highly likely to prove commercially viable,&#8221; said chief executive Samuel Moody. <\/p>\n<p>It raises hopes that the territory could become a new oil province.<\/p>\n<p>The announcement came as oil prices climbed $2 a barrel following a series of air strikes against Libya, the world&#8217;s twelfth-largest oil producer.<\/p>\n<p>Brent crude rose as much as $2.26 to $116.19 a barrel, while US light, sweet crude rose as much as $2.13 to $103.20.<\/p>\n<p>  <span>Exploration<\/span><br \/>\n\t<a href=\"http:\/\/www.bbc.co.uk\/news\/business-12804076#story_continues_2\">Continue reading the main story<\/a><\/p>\n<p>\t<!-- S MD_WIDGET --><\/p>\n<p>\t<!-- E MD_WIDGET --><\/p>\n<p>Rockhopper began drilling for oil off the coast of the British-governed islands last year and struck oil in May.<\/p>\n<p>It was the first discovery of oil in Falkland Islands waters.<\/p>\n<p>Following further tests the company has said it had discovered a substantial oil column and oil-water contact for the first time.<\/p>\n<p>The quality of the oil is of medium grade, according to the company.<\/p>\n<p>&#8220;We can now continue to appraise the Sea Lion discovery and to explore additional prospectivity within our acreage with added confidence,&#8221; Mr Moody said.<\/p>\n<p>Another explorer in the North Falkland Basin, UK-based Desire Petroleum, saw its shares in the opening minutes of trading leap 33% on the news.<\/p>\n<p>The current exploration of the waters around the Falklands has proved controversial.<\/p>\n<p>Argentina still claims sovereignty over the islands, which lie 300 miles from its shore. <\/p>\n<p>When the exploration plans were first announced, the former UK Defence Minister Bill Rammell said the government had a &#8220;legitimate right&#8221; to build an oil industry in its waters. <\/p>\n<\/p><\/div>\n<\/p>\n<p>Continued here:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12804076\" title=\"Falkland oil well aids Rockhopper\" rel=\"noopener noreferrer\">Falkland oil well aids Rockhopper<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 21 March 2011 Last updated at 08:12 ET Shares in Rockhopper Exploration jumped 38% after the British oil company said its oil well in the Falkland Islands is likely to prove commercially viable. In a trading update the firm said an appraisal of its Sea Lion well had found a high quality reservoir package<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-326776","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Falkland oil well aids Rockhopper - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Falkland oil well aids Rockhopper - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"21 March 2011 Last updated at 08:12 ET Shares in Rockhopper Exploration jumped 38% after the British oil company said its oil well in the Falkland Islands is likely to prove commercially viable. 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In a trading update the firm said an appraisal of its Sea Lion well had found a high quality reservoir package","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/"},"author":{"name":"","@id":""},"headline":"Falkland oil well aids Rockhopper","datePublished":"2011-03-21T12:12:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/"},"wordCount":307,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/","url":"https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/","name":"Falkland oil well aids Rockhopper - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-03-21T12:12:35+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/03\/21\/falkland-oil-well-aids-rockhopper\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/326776","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=326776"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/326776\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=326776"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=326776"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=326776"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}