11 Jan 2016 12:03
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Don't have an account? Click here to register.Argentine judge orders seizure of assets of companies operating in the Falklands
Sun, 28th Jun 2015 10:13
A judge in Argentina has ordered the seizure of the assets of five oil companies operating in the Falklands Islands, including those owned by Premier Oil, Falkland Oil and Gas and Rockhopper Exploration.The order, which was made by Tierra del Fuego judge Lilian Herraez, also named Noble Energy and Edison International Spa.The assets, which include boats and other equipment, are worth $156m.The order accuses the companies of "illegal activities of exploration, search and eventual extraction of hydrocarbons in proximity to the Falkland Islands", saying they did not obtain permits issued by "the competent authority in Argentina".A statement released by the prosecutor's office said: "The foreign ministry will be notified of the court order so that by diplomatic means and in compliance with international treaties it can be carried out."None of the five companies are based in Argentina, which has claimed sovereignty of the islands, calling them the Malvinas Islands.
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11 Jan 2016 10:04
Rockhopper and Falkland rally on oil discovery
(ShareCast News) - Oil and gas exploration and production companies Rockhopper Exploration, Falkland Oil and Gas, and Premier Oil issued statements on Monday confirming the discovery of oil at the Isobel deep well, which is on the edge of neighbouring oilfield Elaine in Falkland Islands waters. Rock
Read more29 Dec 2015 16:07
23 Dec 2015 13:18
Falkland Oil shareholders face tighter deadline to decide on Rockhopper takeover
LONDON, Dec 23 (Reuters) - Falkland-based shareholders of oil explorer Falkland Oil and Gas have only days to review a takeover offer from Rockhopper and vote on it due to transport problems delaying the delivery of legal papers to the remote islands. Shareholders who reside on the Falkland
Read more24 Nov 2015 08:58
UPDATE 1-Rockhopper makes takeover offer for Falkland Oil and Gas
(Adds details, analysts' comment, share prices) By Karolin Schaps LONDON, Nov 24 (Reuters) - Rockhopper has made a 57.1 million pound ($86.5 million) takeover offer for rival Falkland Oil and Gas, the companies said on Tuesday in a deal that could breathe fresh life into Falklands' ex
Read more24 Nov 2015 07:20
Rockhopper makes takeover offer for Falkland Oil and Gas
LONDON, Nov 24 (Reuters) - Oil explorer Rockhopper said on Tuesday it had made a takeover offer for rival Falkland Oil and Gas (FOGL) which values the latter at 57.1 million pounds ($86.5 million). The takeover, which will involve FOGL's chief executive and chairman joining the Rockhopper
Read more