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Marius Kloppers will be on Inside Business tomorrow, presumably talking about the Resource Super Profits Tax.
 
No information in newspapers, though there are thoughts that BHP - who presently have a 50% interest in the areas covered by Falklands Oil and Gas Ltd (not Falklands Holdings Ltd) - may turn their interests to the South of the Falkland Islands where Rockhopper Exploration PLC has reported an oil strike.
http://www.rockhopperexploration.co.uk

Thought only: But BHP may think the Falklands a better bet than buying BG PLCs assets in Australia where 'Henry' wants to grab a bundle of the company's profits.
 
noirua said:
No information in newspapers, though there are thoughts that BHP - who presently have a 50% interest in the areas covered by Falklands Oil and Gas Ltd (not Falklands Holdings Ltd) - may turn their interests to the South of the Falkland Islands where Rockhopper Exploration PLC has reported an oil strike.
http://www.rockhopperexploration.co.uk

Thought only: But BHP may think the Falklands a better bet than buying BG PLCs assets in Australia where 'Henry' wants to grab a bundle of the company's profits.
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The Ocean Guardian rig now moves on to BHP Billiton and Falkland Oil and Gas Limited's Toroa Prospect in the East Falklands Basin. Should oil be struck similar to that at Rockhopper Exploration's North Falklands prospect BHP Billiton may turn their eyes to the Falklands and away from Australia.
BHP Billiton have not made an announcement as yet about their Falkland Islands interests.
 
noirua said:
The Ocean Guardian rig now moves on to BHP Billiton and Falkland Oil and Gas Limited's Toroa Prospect in the East Falklands Basin. Should oil be struck similar to that at Rockhopper Exploration's (LSE AIM:RKH) North Falklands prospect BHP Billiton may turn their eyes to the Falklands and away from Australia.
BHP Billiton have not made an announcement as yet about their Falkland Islands interests.
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Falkland Oil and Gas' (LSE AIM:FOGL) Ocean Guardian rig is expected to reach the Toroa prospect to start drilling on 25th May.
An announcement is expected before the London market opens concerning Rockhopper Exploration's oil strike north of The Falklands. BBC radio 4 is to cover the Rockhopper oil strike in 4 minutes time.
There remains no comment from BHP Billiton concerning their 50% interest in FOGL's drilling areas.
 
brty said:
Nearly 2 months since a comment on the big Australian. Does anyone else see 3 peaks and a domed house over the last few months??

It possibly means a retracement to $36 or even $32.

brty
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Since this, all posts have been fundamental observations!

You got your $36, although it went back to $44 first, now do I hear $32? :eek:
 
Sold my BHP (BHPIMX) warrants this morning that I just bought last Friday.
A quick hit and run seems to be the way at the moment, anything long term is risky regardless of the fundamentals.
 
BHP Billiton may be under a 'Great Henry Cloud' but not under a pile of iron ore. The Aussie$ is well down from its highs against the greenback and the US$ quoted commodity sector backs BHP as much as 'Henry' does not.

I feel matters are moving all square and opportunities, including the Falklands, are available near everywhere for the big guy.
 
All oil stocks drilling in the Falklands are suspended at the opening this morning in London following a favourable drilling technical data release by Rockhopper Exploration at their Sea Lion well. This was due to extremely volatile trading on Wednesday and Thursday.

Basics are 26.4 to 29.2 API, 242 million barrels recoverable, gross column 217m at 53m net pay.
 
Toroa well results in the East Falklands are expected from 18th June up until 1st July. Early results from 18th June can be expected due to mega-high speculation in the UK.
Apart from BHP all the shares in the Falklands rose significantly on enhanced results from Rockhoppers Sea Lion discovery.

BHP could hit vast reserves in the East Falklands and only second to those in Saudi Arabia. The share price still fails to take any account of the prospects.
 
Down around 9% overnight on the NYSE are BHP Billiton. Big problems on the Gulf of Mexico are likely to give the big 'O' to profits in that area for a while.

Longer term who cares about the Gulf and it may be time, who knows, to back BHP in the Falklands where the Ocean Guardian Rig is at present drilling away at Toroa. Maybe, just maybe, this is going to be a major hit for BHP. If, and I say if, the price of BHP stock is getting close to 'mop it up time', too cheap to miss.

A bit of fun in this video which is before Rockhopper Exploration struck oil at its Sea Lion Well and the name of the drilling Rig 'Ocean Guardian' became number one to hit the big time in Falkland waters. http://iball.iii.co.uk/2010/04/21/rockhopper-amp-desire
Stock rose from 65c (37p) to its present $5.60 (£3.20) - on bulletin boards the cry is £20 ($35) and some dare say £100 ($175) - come thee again to Poseidon land.

*****Nb. A high risk venture, if you put your toe in the water and a piranha chews it off, don't blame me. *****

Companies quoted on stock markets in the Falklands, BHP Billiton and partner Falklands Oil and Gas, Desire Petroleum, Borders and Southern, Falkland Holdings and Rockhopper Exploration.
 
"South Hedland police are investigating the death of a man found next to a railway line in the Pilbara this morning.

Security guards for miner BHP Billiton found the man dead by the side of the company-owned railway line at Redmont, about 200km south of Hedland, shortly after 4am.

His car was parked nearby and it is believed he had been struck by a train.

The incident has forced the closure of the line and disrupted BHP Billiton's iron ore operations.

A police spokeswoman said officers were due to arrive at the scene to investigate and would prepare a report on the man's death on behalf of the State Coroner."
 
Shares of BHPs' partner in Falklands waters shot up Monday on rumours of an oil-strike at the Toroa Well. Results are due early next week. Rumours that Falklands Oil and Gas had ordered a pipeliner similar to that required on making an oil strike.
BHP shares rose mid-session but lost most of their gains later in the day.
 
BHP Billiton stock has slumped further and no attention paid to the Toroa Well in The Falklands. This is the shallowest of 14 wells to be drilled in 600 metres of water. There is the Argentinian factor that weighs as a big problem in the future.
The well has been held up for a few days due to bad weather and maximum depth is to be reached on 5th - 6th July. An announcement had been expected today (Thursday, UK time).
If all goes well in the two year drilling programme then BHP may well be transformed to a major oil producer.
 
BHP is yet to report that their 51% owned well at Toroa in the Falkland Islands is a duster and is to be plugged and abandoned. Quite a blow after the expressions of confidence early on.
 
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