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Rockhopper was founded in 2004 to explore for oil and gas in the Falkland Islands. [3] It received a listing on the AIM market in 2005. [3] On 16 April 2010, Rockhopper commenced drilling of its first exploration well, 14/10-B (subsequently renamed 14/10-2) on its Sea Lion prospect using the Ocean Guardian semi-submersible drilling rig.
Desire Petroleum were awarded licences for drilling in the Falklands in 1997, and test drilling was carried out in 1998. Oil was not found in commercial quantities, and the price of oil, until 2007-8 was not high enough to make it viable, and exploration
The share price peaked at 267p in June 2010, but slumped by half on 12 July 2010, when it was found that one of its prospect wells, Toroa, was empty [5] - as of 1 March 2015, the share price had dropped to ~31 pence. The company merged with Rockhopper Exploration on 18 January 2016. [6]
Monday’s gains for Big Tech helped offset drops for stocks in the oil-and-gas industry, which were hurt by the sinking price of oil. Exxon Mobil fell 0.5% and ConocoPhillips fell 1.2%.
The Dow Jones Industrial Average slipped 76 points, or 0.2%, while the Nasdaq composite added 0.4% to its own record set a day earlier. On the losing end of Wall Street was U.S. Steel, which fell 8%.
A sell-off in semiconductors pulled stock indexes away from record highs. The rout was led by Dutch chip firm ASML, which shed 17% on Tuesday. The decline overshadowed better-than-expected bank ...
Share prices in a Korean newspaper. A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
Asian shares were mostly higher Tuesday ahead of potentially market-moving developments, including a U.S.-China summit and data releases from the U.S., Japan and China. Japan's benchmark Nikkei ...