http://www.falklands-oil.com/

http://www.rockhopperexploration.co.uk

http://www.argosresources.com/




Rockhopper was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme in the North Falkland Basin. It was floated on AIM in August 2005. Rockhopper was the first company to make a commercial oil discovery in the Falklands. Today Rockhopper is the largest acreage holder in the North Falkland Basin, with interests in the Greater Mediterranean region.

Lab tests are mega complex rf.
http://www.m-scan.co.uk/chemical-environmental-and-forensic/environmental-analysis/produced-water/?PHPSESSID=cf4c7b788feaedcd0313cec4a1332068

don't ask me anything about technicalities ..... i am a total ignoramus in that as in most things

cynic all this speculation takes us back a couple of years to a little nickel share which eventually fell to earth, what was that Doris Day song que sera sera?

rf, when you take cores and do lab analysis, along with the other data collected, you do not really need to rush to do flow tests, as you can know already.

Did GKP do core analysis ? Did GKP tell you what the porosity was ? what the permeability was ?

I would like you to compare the information released by RKH and by GKP........ ;)


As for the price, any announcement of circa 400M barrels and this is going to explode.

poseidon perchance? ...... i am old enough to remember it, but never got involved ..... from memory, the sensible boys bought each morning and sold again each evening

cynic was thinking of TMC, QE 2 made a lot of money out of Poseidon which at one stage reached 100 per share from (a fading) memory.

For memory that sp eventually crashed after the meteoric rise, I had a couple of Aussi miners at that time but not Poseidon.
2517

Go further back ..... Weston Mining. and more recent to that remember Double Eagle.

For those who like math you just have to remember.

Oriel analyst, 170M barrels = 600p a share on an in the ground basis.

Next news will be estimates of size, and its expected to be bigger than 170M barrels.

Just keep holding tight and adding on the dips IMO.

I have no plans at all to sell any at least until after the Ernest prospect is drilled.

FOGL is next up but this makes no difference to RKH as its South Falklands, and personally I am expecting FOGL to get oil shows but no large accumulation, we shall see.

Something interesting for the weekend.

Did you know that the license area where Sea Lion is, is an analogue of the Barmer Basin in Rajasthan (India), where Cairn Energy has discovered 3.6 billion barrels of oil so far.

The point is, it was Shell who gave up the license back then to Cairn who went on to discover the oil.

Here, it is again Shell who gave up the license that Rockhopper took on, and have now found oil.

I guess there was a section of the Shell geological team back then who read things very very wrongly in their interpretation and gave away these plays, much to the later benefit of Cairn, and now Rockhopper.

How many billions are Rockhopper going to find, the more they drill into this area. As has been said there are two plays "Stephens" and "Fox" that are the same as Sea Lion. Over the coming years it is not inconceivable that RKH will go on to find billions of barrels of the black gold, which is the incentive here to keep buying and holding and thank your lucky stars you are getting in at the very start of what should be a long and fruitful ride, just like Cairn.

Frenzy.

rubbish!! get into FKL....up 12p and going.

Dont worry, Balerboy was advising to sell RKH at 90p.... LOL :)

you might be doing just that even yet......

What you must consider is the Westhouse broker note (copied part below) is based only on Sea Lion and Ernest, and although they say the top level is unlikely, it now seems Sea Lion is at the top level (giving 1550p) and so if Ernest comes home too you get well over 2000p.




However -

Sea Lion being a success brings two other prospect which are considered analogues of Sea Lion well into play. This is "Stephens" and "Fox" which total another potential 400M barrels recoverable. That is not in any calculations....... :)

Back in time, this from Sept 2009, just in case people forget that RKH already has a gas discovery on its books and one which is now in the CR categorization.

At least it mentions the other prospects and also you must like the "bold" highlighted part.

Notice how big initial estimates are for "Stephens" and "Fox" (OOIP 479 & 352), these are the two analogues of "Sea Lion" and which must now be considered very much higher CoS due to "Sea Lion" success.


http://www.offshore247.com/news/art.aspx?id=14824

Falklands gas discovery declared

Published 24.09.2009 13:41:21 by John Bradbury

One of the wells drilled off the North Falklands Islands back in 1998 has since been declared as a gas discovery and the owner of the licence Rockhopper Exploration has signalled that there is a very real chance of new drilling in the region early next year.

Rockhopper's upbeat assertion about the prospects for drilling in the North Falklands Basin come after an independent competent persons report (CPR) by RPS Energy decided that the Johnson prospect drilled with the 14/5-1 well could contain contingent resources of 7.9 Tcf of recoverable gas reserves.

And Rockhopper chairman Pierre Jungels declared in the company's interim results statement today: Although many issues need to be resolved, we have within our grasp a very real prospect of participating in a multi-well campaign in 2010 and wee are hopeful of reporting significant news from that campaign throughout the year.

The 14/-5-1 well was drilled by Shell in the Falklands back in 1998, and, according to Rockhopper, targeted a relatively shallow oil prospect in the centre of the North Falklands basin. While some oil was encountered at this shallow level, a thick gas-prone interval was found at deeper levels in the well, where no closure had ever been mapped, Rockhopper said.

Despite identifying 165 m (541 ft) of net gas pay in the well, effectively confirming a discovery, Shell relinquished the acreage as the prevailing oil price was only US $10 per barrel and gas in the South Atlantic was of little or no value at the time, Rockhopper stated in its interim report, explaining why Shell walked away from the find.

Subsequently after acquiring the acreage, Rockhopper carried out a 850 sq. km 3D survey during 2007 which was designed to better image the deeper parts of the basin and this work led to interpretation of a previously unseen structure, called Johnson, which extends over 200 sq. km and was drilled down dip by the 14/5-1 well.

RPS Energy has carried out the CPR for Rockhopper and has considered a total of eight oil prospects which together are estimated to contain 1 Bn bbl of prospective oil.

And the top two prospects, Sea Lion and Ernest have been given a high 23% chance of drilling success.

The others are Jason, Fox, Stephens, Chatham, Berkeley, and Weddell and Stoiip (stock tank oil initially in place) for those has been put at 700 m, 479 m 352 m, 93 m, 173 m and 441 m bbls. Taken together, all of these, according to the CPR could contain 3.3 Bn bbl of oil, based on a best estimate figure from RPS Energy.

it's good to see sp continuing to tick higher, though i have concerns that purchases are modest volumes, implying that this is just late lemmings hopping on board to see if there is any rotting flesh (or young babies!) left to chew on

cynic sp moving up in anticipation of startling news next week.

Froth

that is also my concern, though if it is truly good news, which is just about odds-on i think, then blackdown's acerbic "froth" will prove to be a very wrong call