Rockhopper says Falklands oil find high quality
Investing News Network - May 7th, 2010
British oil company Rockhopper Exploration (RKH.L) reported its controversial drilling program near the Falkland Islands has found high quality oil, boosting its shares for a second straight day.
British oil company Rockhopper Exploration (RKH.L) reported its controversial drilling program near the Falkland Islands has found high quality oil, boosting its shares for a second straight day.
The press release is quoted as saying:
Rockhopper, which initially announced the discovery on Thursday, said fresh data showed the find was a “high quality reservoir interval with very good porosity and permeability”.