Öl um Falkland >Zukunftsinvestition? FIH PLC ehemals Falkland Islands Holding (Seite 29)

[Andrija]

Link: http://www.express.co.uk/posts/view/182797/FIH-hoping-for-oi…

FIH HOPING FOR OIL STRIKE IN FALKLANDS - Thursday June 24,2010

MINI-conglomerate Falkland Islands Holdings is “keeping its fingers crossed” for a major oil find in the region, managing director John Foster said yesterday.

The company has an 8.2 per cent stake in Falkland Oil and Gas Limited, which is expecting the results of initial drilling around the islands shortly.

But Foster said even if one of the other three explorers operating in the area enjoy success then the islands’ economy and the company will still benefit.

The company saw pre-tax profits rise from £2.3million to a better-than-expected £2.7million for the year to March, partly bolstered by the influx of oilmen into the islands as a result of exploration work. FIH shares rose 211⁄2p to 5071⁄2p.

“The drilling results next week will affect our shares but FOGL has other prospects,” said Foster. “It is working with BHP Billiton to drill wells in deeper water.”

However, any significant oil strike will boost property demand and the company has planning permission to build 350 houses in the capital Port Stanley. Oil will also reduce the company’s exposure to squid fishing.

FIH also owns art handling firm Momart. It said museum spending cuts had pressured the business although analysts said the firm would benefit from major auctions from private art dealers.

[al_sting]

Und die resultierende Analyse des "Investors Chronicle":
http://www.investorschronicle.co.uk/Companies/ByEvent/Tradin…

Da ich nicht weiß, ob der Link ewig zugänglich ist, hier ein Vollzitat:

Falkland Islands waiting on drill result

Created:
23 June 2010
Written by:
Martin Li

Falkland Islands Holdings (FIH) made a welcome return to profit, but all attention remains focused on the Toroa well being drilled by Falkland Oil & Gas (FOGL), the result of which should be known within days. FIH would benefit immediately through its 8.2 per cent shareholding in FOGL if Toroa strikes oil, but the longer-term benefits could be even greater if any of the four explorers currently drilling around the islands makes a commercial discovery.

FIH's support services business is already benefiting from oil exploration, although the real upside will come should an oil discovery be declared commercial. That would trigger a long-term influx of oil men that would boost property demand (FIH has planning permission for 350 houses in the capital Stanley) and probably require the building of an additional hotel.

The business was hit by a second successive failure of the annual illex squid catch, although this may just be a cyclical downturn. Away from the Falklands, the Momart fine art handling business has seen its commercial gallery business bounce back, and would also benefit substantially from a recovery in museums activity. Brokers are updating their forecasts in light of these results.

FALKLAND ISLANDS HOLDINGS (FKL)
ORD PRICE: 515p MARKET VALUE: £46.9m
TOUCH: 510-520p 12-MONTH HIGH: 588p LOW: 248p
DIVIDEND YIELD: 1.7% PE RATIO: 9
NET ASSET VALUE: 376p* NET DEBT: 4%

Year to 31 Mar Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2006 15.2 3.02 31.8 6.5
2007 15.6 2.03 18.8 7.0
2008 17.2 1.91 16.3 8.0
2009 32.3 -0.63 -12.8 8.0
2010 29.2 5.67 58.2 9.0
% change - - - +13

Ex-div:15 Sep
Payment:29 Oct
*Includes intangible assets of £13.5m, or 148p a share

[Trader evil]

News: verry good News

http://www.fihplc.com/support/upload/Prelims230610.pdf


.....With drilling underway on the Toroa prospect in the South Falklands basin, we are nearer to determining the full
potential of our stake in FOGL. Although a deep water rig will be required for FOGL's other prospects, the
ongoing drilling activity will continue to boost demand in the Falklands.......

[BaronOppenSAL]

http://www.investorschronicle.co.uk/Companies/ByEvent/Tradin…

[Trader evil]

Antwort auf Beitrag Nr.: 39.719.114 von Andrija am 22.06.10 12:08:14

Außerdem glaub mir: Grau ist alle Theorie........



oder aber : der Mensch denkt....... usw.

[Andrija]

Antwort auf Beitrag Nr.: 39.715.641 von Trader evil am 21.06.10 19:10:10

Was habe ich da gestern eigentlich für einen Mist gerechnet. Natürlich 2,4 Pfund - ein klarer Kauf wenn man nicht schon massiv investiert wäre und nicht in 7-9 Tagen Ergebnisse anstehen, die den Einstieg NOCH billiger machen könnten.

Wenn FOGL bei einem Flop um 50% abstürzt, was ja allgemein angenommen wird, dürfte FKL rechnerisch nur auf 3,7 Pfund abschmieren. Faktisch würde der Absturz aber viel höher sein weil in der Panik dann keiner nachrechnet und alle vergessen, dass mit einem vermutlich kommerziellen RKH-Fund die Bedeutung von FOGL für FKL stark abgenommen hat.

Ich hoffe allerdings, dass die These nicht empirisch überprüft wird.

[Trader evil]

Antwort auf Beitrag Nr.: 39.714.968 von Andrija am 21.06.10 17:06:54

das sehe ich auch so, und in ein paar Tagen (denke ca. 7-9 Tg.)
müsste sich eigentlich wieder was bewegen.
So oder so.Nord oder Süd......Eher Richtung Norden......

[Andrija]

Antwort auf Beitrag Nr.: 39.711.279 von Trader evil am 20.06.10 20:37:43

Die ersten beiden Bohrungen haben bisher in dieser Kampagne zu einer Gas Entdeckung geführt und ein Ölfund gebohrt. Es ist jedoch zu früh, um zu erklären, ob diese Entdeckungen kommerziell lebensfähig sind, und deshalb ist es viel zu früh, um alle Haushaltspläne auf der Annahme Erfolg Basis.

Na ein bisschen mehr Optimismus hätten die schon an den Tag legen können.

Übrigens ist FIH bei einem Kurs von 4,95 Pfund ohne Fogl nur rd. 3,4 Pfund je Aktie Wert. Angesichts der aus meiner Sicht doch hohen Chancen einer kommerziell lebensfähigen Entdeckungen und einer sich auch aus Fischfang, Kunst und Fährbetrieb finanzierbaren Dividende, ist der Kurs nicht wirklich realistisch und klar zu niedrig.

Scheint sich niemand mehr vor den FOGL-Ergebnissen ranzutrauen.

[Trader evil]

Anlässlich einer Rede zum Jahresempfangs der Falkland-Inseln Regierung am Mittwoch, 16. Juni 2010


Auszugsweise etwas frei übersetzt:


.........Fischerei, Landwirtschaft und Tourismus waren lange die tragenden Säulen unserer Wirtschaft,.... weitere Entwicklungsarbeit notwendig, um wettbewerbsfähig zu bleiben und Einkommen zu generieren. . Unsere neue Strategie der wirtschaftlichen Entwicklung wird unsere bestehenden Branchen stützen und neue Tätigkeit fördern. Zur gleichen Zeit werden wir Anreize entwickeln für private Investitionen, einen neuen Hafen, die Fischerei und unsere Kreuzfahrtschiff Industrien zu unterstützen.

.....sichtbarsten Änderung der Wirtschaft der Inseln, trat im Februar dieses Jahres ein, mit der Rückkehr von einer Ölplattform zu Falklands Gewässern nach zwölf Jahren Abwesenheit.

Die ersten beiden Bohrungen haben bisher in dieser Kampagne zu einer Gas Entdeckung geführt und ein Ölfund gebohrt. Es ist jedoch zu früh, um zu erklären, ob diese Entdeckungen kommerziell lebensfähig sind, und deshalb ist es viel zu früh, um alle Haushaltspläne auf der Annahme Erfolg Basis. Wir wünschen den Ölgesellschaften ..... in ihren Bemühungen und freuen uns auf, weitere Ergebnisse zu gegebener Zeit................




Quelle:



Address by the Representative, Sukey Cameron MBE, at the Falkland Islands Government Annual Reception on Wednesday 16th June 2010.


"My Lords, Ladies and Gentlemen

As always, I begin by welcoming you to our Annual Reception and thanking you for your support. In times of change and uncertainty, it is good to have so many friends. We are very grateful.

I should particularly like to welcome the Governor designate, Mr. Nigel Haywood and his wife, Louise. We hope that he enjoys his new – unique – posting! His Excellency, Mr. Alan Huckle, leaves the Islands in September; we wish him and Mrs. Huckle a long and happy retirement.

This has been a year of change for all of us but as always, Falkland Islanders have demonstrated their ability to adapt to change and live with the uncertainty that it brings.

Last November saw the first election for the Legislative Assembly under our new Constitution. A record turnout of nearly 80% produced a completely new Legislature.

At the General Election here, the Falkland Islands lost many loyal Parliamentarians, including the Chairman of the All Party Parliamentary Group, Sir Nicholas Winterton, who was among those who retired. We thank him, and all those who served on the Group, for their many years of support. We look forward to meeting the new intake of MPs and working with the Parliamentary Group when it is reconstituted.

Like the new British administration, the Falkland Islands Government is having to confront the aftermath of the global economic downturn. Our budgetary position remains uncertain, not least through reduced fisheries income, reduced investment returns and reduced tourism numbers.

But there is also good news amidst the economic gloom. We have had a successful season in the Loligo squid fishery and inbound tourism is also showing signs of improvement.

Fishing, farming and tourism have long been the mainstays of our economy but require further development to remain competitive as income generators. Our new economic development strategy will sustain our existing industries and stimulate new activity. At the same time, we shall encourage private sector investment to develop a new port which will support our fishing and cruise ship industries.

However, the most visible and potentially transformational change to the economy of the Islands, occurred in February this year, with the return of an oil rig to Falklands waters after a twelve year absence.

The first two wells drilled so far in this campaign have resulted in a gas discovery and an oil discovery. However, it is too early to declare whether these discoveries are commercially viable, and therefore it is far too soon to base any budgetary plans on the assumption of success. We wish the oil companies well in their endeavours and look forward to further results in due course.

Disappointingly, Argentina has used the new round of oil exploration in the most unprincipled fashion, to re-ignite its spurious claim to Sovereignty. In an attempt to gain by economic sanctions, what it failed to achieve by military means, it has torn up the 1995 Agreement which would have permitted collaboration in the search for hydrocarbons. It has reneged on the 1999 Agreement to conserve fishing stocks in the South West Atlantic. It has imposed a ban on charter flights to the Falkland Islands, and sought to penalise companies wanting to do business in both countries.

Now, through a Presidential Decree, Argentina seeks to control the maritime access to the Falklands, contrary to the UN Convention on the Law of the Sea. Its actions begin to look suspiciously like an attempt at an economic blockade – which President Kirchner herself publicly ruled out during a speech she made in February!

It is immensely reassuring that the new coalition Government here has taken a strong stance in support of our righ

[al_sting]

Ich setze mal die Nachricht von Reuters herein:

LONDON, June 4 (Reuters) - British oil explorer Rockhopper upped its estimates for the closely watched Sea Lion oil find in the Falkland Islands and said further upgrades were possible, sending its shares soaring.
The Sea Lion well is the first oil find of an exploration programme in the Falklands and has sparked protests from Argentina, which almost 30 years ago fought a war with the United Kingdom over sovereignty of the British-governed islands, called the Malvinas by Buenos Aires.
"Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage," Rockhopper said in a statement on Friday.
Shares in Rockhopper, which takes its name from a breed of penguins found in the Falklands, jumped as much as 52 percent in early trading and were up 35 percent at 326 pence at 1042 GMT.
Other Falklands-based explorers Desire Petroleum, Falkland Oil & Gas and Borders & Southern gained between 10 and 26 percent.
Interest in the drilling campaign is high, not least because it may renew tensions between Britain and Argentina, and the share price fluctuations of the companies involved attest to the high risk/reward ratio involved in investing in small cap oil explorers.
Rockhopper shares have multiplied in value more than 5 times over the last month but plunged almost 60 percent earlier this week on fears the oil quality would not be as high as expected.
It means that investors buying the shares at their lowest point of 110 pence on Wednesday could have more than tripled their money on the back of Friday's news.
Shares in Desire Petroleum have veered from 53 pence last September to 133 pence once it started drilling and then down to below 40 pence after its first well turned out to be of poor quality.
Rockhopper said on Friday samples analysed confirmed the oil at Sea Lion was of medium-grade quality and even at the low case estimates, the prospect would be commercial down to an oil price of $50 a barrel.
While commercial production could lead to an economic boom for the remote British territory, which is home to about 3,000 people, environmental concerns will no doubt be raised, especially after the disastrous BP oil spill in the Gulf of Mexico.
Rockhopper said that pressure data indicated the existence of two separate oil columns and that the oil level goes down to 116 metres below the lowest previous mapped point of the Sea Lion fan.
According to RPS Energy, the best estimate for recoverable reserves is now 242 million barrels, compared with a previous estimate from last April of 170 million.
Oriel Securities analyst Richard Rose said he now valued the Sea Lion prospect at 750 to 800 pence per share, but highlighted Rockhopper would need to raise more funds for flow testing.
"There was no specific guidance on the other prospectivity on Rockhopper's blocks although the Sea Lion result has clearly derisked the potential of the northern acreage in the North Falklands Basin where the company has several prospects," he added.
Rockhopper said it would seek to test Sea Lion well 14/10-02 as soon as possible, as well as to start drilling the high-risk Ernest prospect.

(Editing by Rhys Jones, Michael Shields and Karen Foster)

($1=.6783 Pound) Keywords: FALKLANDS OIL/ ([e-mail]; [phone]; Reuters Messaging: [e-mail])

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