Ticker	Volume	Price	Price Delta
DJIA	15,303.10	+8.60	0.06%
S&P 500	1,649.60	-0.91	-0.06%
Nasdaq	3,459.14	-0.27	-0.01%

Ticker

Volume

Price

Price Delta

DJIA

15,303.10

+8.60

0.06%

S&P 500

1,649.60

-0.91

-0.06%

Nasdaq

3,459.14

-0.27

-0.01%

Ticker	Volume	Price	Price Delta
STOXX 50	2,764.29	-12.49	-0.45%
FTSE 100	6,654.34	-42.45	-0.63%
DAX	8,305.32	-46.66	-0.56%

Ticker

Volume

Price

Price Delta

STOXX 50

2,764.29

-12.49

-0.45%

FTSE 100

6,654.34

-42.45

-0.63%

DAX

8,305.32

-46.66

-0.56%

Ticker	Volume	Price	Price Delta
Nikkei	14,612.50	+128.47	0.89%
Hang Seng	22,618.70	-51.01	-0.23%
S&P/ASX 200	4,983.50	-78.95	-1.56%

Ticker

Volume

Price

Price Delta

Nikkei

14,612.50

+128.47

0.89%

Hang Seng

22,618.70

-51.01

-0.23%

S&P/ASX 200

4,983.50

-78.95

-1.56%

Falkland Oil Rises on Speculation Scotia Well to Yield Discovery

By Brian Swint - 2012-11-21T12:35:45Z

Falkland Oil & Gas Ltd. (FOGL), the explorer focused on the namesake South Atlantic islands, surged in London on speculation that drilling at its Scotia well will lead to a discovery.

The shares rose as much as 21 percent, the most since Sept. 12, and traded up 19 percent as of 12:21 p.m. in London.

Falkland Oil and its partners Noble Energy Inc. (NBL) and Edison SpA are targeting about 1 billion barrels of oil at the Scotia well. The company made the second gas discovery this year at its Loligo well after Borders & Southern Petroleum Plc (BOR) said in July that it found gas, including some liquids, south of the islands Margaret Thatcher went to war to keep British in 1982.

“They’re close to the target depth on Scotia,” said Laura Loppacher, an analyst at Jefferies International Ltd. in London. “What these kinds of stocks do best is speculation, and we may get results shortly.”

Rockhopper Exploration Plc (RKH) found a potentially commercial oil discovery north of the archipelago two years ago.

To contact the reporter on this story: Brian Swint in London at bswint@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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