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.

This is just the first of many drills and the results are better than expected and improves the prospect around the area, also like DES as they have similar geo and prospects this yr should prove more successful

Balerboy catch up the rig has already spud at FOGL and could be back over Sealion within 35 to 40 days give or take down time with bad weather ect

Got a limit order to sell 25% @ 400 good for 2 days , and yes people do take notice of tips in the weekend papers to buy.

it's these early mornings marky....

Balerboy, its already at FOGL and already spudded.

About 4 more weeks there and then its free to move on.

Please do some research............ mind you, you were telling everyone to sell this at 90p so that about sums you up.

cynic is sweltering in dubai, so only on line intermittently ...... not sure why you want let alone need my opinion, as i'm a self-confessed dickhead!

anyway, at time of writing, i note that the offer book is a fair bit longer than the bid ..... my inclination, though it is greed driven, is to place a further smallish order at say 312 .... if it gets filled, then well and good and if not, then no matter either as it implies sp is strengthening.

and to be very open, i am also long DES and in a smallish way FOGL

Moving bullish now after reaching a low of 306.50p after profit taking

a few minutes ago a buy of 25,000 @320p got the shares well ahead

There is no way that the rig will be back there in that timeframe....50 days minimum.....to move the rig and tow it plus repositioning will take 10 days....in good weather.....and they might go straight to ernest and that is more probable....I cannot see them setting the rig up again just to flow test....more likely that an appraisal well to find the limits of the reservoir or something like that at a future date...

RNS says

Flow Test as soon as possible.

You say, below. Now, I wonder what the people will believe..........

(remember you said sell at 90p as it was far too high...... LOL)



required field - 04 Jun 2010 09:34 - 1558 of 1558
There is no way that the rig will be back there in that timeframe....50 days minimum.....to move the rig and tow it plus repositioning will take 10 days....in good weather.....and they might go straight to ernest and that is more probable....I cannot see them setting the rig up again just to flow test....more likely that an appraisal well to find the limits of the reservoir or something like that at a future date...

Prosels...give it a rest will you ?...ok you were right to hold...and not sell...but at the time it looked like the right thing...we were not to know that several consecutive rns's would come within a few days...let's move on now...cheers...

As soon as possible....when ?.....if they do it in 50 days time great....what do I care....the more the merrier....it's just that I think that they will skip it and drill ernest...

Fox Davies Capital note

Rockhopper Exploration (LON:RKH) (BUY, 4.00) (RKH, 240p, ► (0.0%)) provided an update regarding analysis of the results of the Sea Lion 14/10-2 well oil discovery recently completed in the North Falkland Basin. Well 14/10-2 on the Sea Lion prospect was drilled to a depth of 2,744m. The well penetrated what the Company believes is a regional seal between 2,250-2,374m subsea. Based on log analysis, well site evaluation of shows and samples, sidewall cores and wireline formation testing, it appears that all sands encountered beneath this regional seal at the Sea Lion location are charged with oil and no oil water contacts were encountered. The top oil sand in the Sea Lion well was encountered at 2,374m subsea, and the base of the lowest oil sand level was encountered at 2,591m subsea. The total vertical oil column is 217m, with total net pay of 53m in seven identified pay zones, the thickest of which is approximately 30m gross. Samples analysed in a dedicated laboratory confirmed as medium gravity crude oil of 26.4-29.2oAPI. The RPS Energy Best Estimate recoverable has been upgraded from 170MMbbl to 242MMbbl recoverable with significant upside potential.

Comment: This better than expected results give us confidence that Sea Lion is likely to be a commercial success of material size, whereas the current share price only discounts a 30% probability of success for Sea Lion and no success elsewhere. The Ernest prospect is also materially de-risked and carries estimates of some 150MMbbl. Assigning a 50% probability of success to the 242MMbbl new estimate at Sea Lion and a 25% probability of success to 150MMbbl at Ernest result in a risked NAV in excess of 400p; hence we upgrade the stock to a Buy rating with a 400p target.

Another important point .....'regional seal'

Means the rocks are of a type that the oil and gas has stayed sealed under it for millions of years and won't have let the lighter oils and gasses leak away to the surface like in some places in the world.

Nice note....well...we are at 326p as we speak....not that far to go...

RF ..... don't be churlish ..... marky has hammered on and on about these falkies stocks for years ..... many, including myself in spades, gave him a very hard time, so let him now dance a well-deserved jig and hope that lugging his sack of gold to the bank does not give him a stroke

Back to 330p the bouts of UP and DOWN will continue never the less

RF STILL full of shite I see.

Thats the price after a successful flow test....

........Oriel Securities analyst Richard Rose said he now values the Sea Lion prospect at 750-800 pence per share.........


An easy double........and more.....


Patience.... patience is all that is needed and ignore the short term gyrations.

Frankly......I take my hat off to Marky and Prosels....so there you go...thanks because regardless of my daft sell earlier a few weeks ago.. I've still made a packet on Rockhopper...but this is just the start, so there is a lot more to come from these falkland stocks...and in the southern section : they haven't even got a rig yet !....