Falklands : WEEKLY FALKLANDS HYDROCARBONS NEWS
Submitted by Falkland Islands News Network (Juanita Brock) 26.01.2013 (Article Archived on 09.02.2013)
Rockhopper Exploration plc announces that Dave Bodecott, Exploration Director, is retiring from the Board of Directors and will be leaving the Company on 31 January 2013
WEEKLY FALKLANDS HYDROCARBONS NEWS
Compiled by J. Brock (FINN)
Rockhopper Exploration PLC Board Change
Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that Dave Bodecott, Exploration Director, is retiring from the Board of Directors and will be leaving the Company on 31 January 2013.
Pierre Jungels, Chairman of Rockhopper, commented:
"Dave has made a huge contribution as a member of the management team since the Company's inception, firstly as a consultant and, since January 2007, as a highly valued Board director. We would like to extend our thanks to him for his hard work culminating in the discovery of Sea Lion and the successful exploration and appraisal programme which followed that. All of us at Rockhopper wish him well for the future."
The subsurface work on the Company's existing acreage and in relation to new ventures will be managed by Fiona MacAulay, Rockhopper's G&G Manager (Geology and Geophysics).
Desire Petroleum plc Publication of Investor Presentation
Desire Petroleum plc (AIM:DES), the exploration company focusing on the North Falkland Basin, is pleased to announce an updated corporate presentation has been posted onto its website at www.desireplc.co.uk.
Desire Petroleum PLC Change of Auditor
Desire Petroleum plc (AIM:DES) the exploration company focusing on the North Falkland Basin, announces that, following a regular review of external service providers, an invitation to tender was issued to both their existing auditor and a number of new auditors. Following the competitive tender process, the Company has appointed PricewaterhouseCoopers LLP as the auditor to the Company with immediate effect.
UHY Hacker Young Manchester LLP has resigned as the Company's auditor and has confirmed to the Company that there are no circumstances in connection with its resignation which it considers need to be brought to the attention of the Company's shareholders or creditors. The Directors of the Company would like to thank UHY Hacker Young Manchester LLP for the service provided to the Company over the past 16 years.
ARGOS RESOURCES LIMITED Director / PDMR Shareholding 23 January 2013
Argos Resources Limited (AIM: ARG.L), the Falkland Islands based exploration company focused on the North Falkland Basin, announces that, on 22 January 2013, Argos Georgia Ltd ("Argos Georgia") disposed of 2,800,000 ordinary shares in the Company ("Ordinary Shares").
Following the transaction Argos Georgia is interested in a total of 17,278,850 Ordinary Shares, representing 7.95% of the issued share capital of the Company.
Ian Thomson, Executive Chairman of the Company, has a 46.46% interest in the issued share capital of Argos Georgia. The aggregate of Ian Thomson's and Argos Georgia's interests in the capital of the Company is 39,490,463 Ordinary Shares, representing 18.17% of the issued share capital of the Company.
Ian Thomson, Executive Chairman of the Company, commented:
"Argos Georgia took the decision to dispose of a limited portion of its holding in order to further aid liquidity and broaden the shareholder base in response to substantial recent institutional demand."
ARGOS RESOURCES LIMITED Holdings in Company
The Company was notified on 22 January 2013 by JP Morgan Chase & Co. that as at 22 January 2013, JP Morgan Asset Management Holdings (UK) Limited had an aggregate interest in 21,514,131 ordinary shares, representing 9.9 per cent. of the Company's issued share capital.
Borders & Southern Petroleum plc Price Monitoring Extension 24 January 2013
Today's closing auction call period has been extended in this security by 5 minutes.
Auction call extensions give London Stock Exchange electronic order book users a further opportunity to review the prices and sizes of orders entered in an individual security's closing auction call before the execution occurs. A price monitoring extension is activated when the matching process would have otherwise resulted in an execution price that is a pre-determined percentage above or below the price of the most recent automated execution today.
The applicable percentage is set by reference to a security's Millennium Exchange sector. This is set out in the Sector Breakdown tab of the Parameters document at www.londonstockexchange.com/tradingservices