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.

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 !....

and no one knows if there is any oil there either!

Chav : you are true to form....rude as ever...some northern swear word...which I'll never understand....don't seem to speak english do we ?...

Latest .......

LONDON, June 4 (Reuters) - British oil explorer Rockhopper upped its estimates for the closely watched Sea Lion oil find in the North Falkland Basin and said further upgrades were possible, sending its shares soaring.
The Sea Lion well is the first oil find of a controversial exploration programme in the Falklands.
"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 28 percent at 307 pence at 0807 GMT.
Other Falklands-based explorers Desire Petroleum, Falkland Oil & Gas and Borders & Southern gained between 8 and 19 percent.
Shares in Rockhopper have multiplied in value more than 5 times over the last month but had plunged earlier this week on fears the oil quality would not be as high as expected.
The firm said on Friday that samples analysed confirmed the oil was of medium-grade quality and that even at the low case estimates, the prospect would be commercial down to an oil price of $50 a barrel.
Commerical production could lead to an economic boom for the remote British territory, home to about 3,000 people, but could also result in increased tensions with Argentina, which invaded the islands it calls the Malvinas in 1982.
Rockhopper also said that pressure data indicates 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 values the Sea Lion prospect at 750-800 pence per share, but highlighted Rockhopper will need to raise further 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 will seek to test Sea Lion well 14/10-02 as soon as possible, as well as start drilling the high-risk Ernest prospect.

From todays RNS


Examination of side wall core samples confirms extensive good oil staining and
good reservoir characteristics. Logging data are indicative of good quality
reservoir, with average porosity of 19% and good permeability.


Which means in simple terms a flow test is just a matter of ticking the box...... there is no reason why it will not flow and flow well. Side wall cores are great for gaining a full understanding of what you have with all other data.

RF...please explain!!!!!..."and in the southern section : they haven't even got a rig yet !.... "

What is not factored in is all the other prospects that RKH now hold are worth X amount before they are drill as the basin is proven.....its a win win story.

Looks like we can expect some more volatility in the sp around ernest driiling day !....

Chav...go on holiday.

re - shite

One knows when someone missed the boat,
They are up to the neck with it


             chav - on real live

Marky, even RKH categorise Ernest as 'High risk'. Not necessarily a win/win that one.

RF...you are without doubt the most clueless poster I have come across....RKH are rock 'n' roll:-)

I see the nutty brigade are back....groan.

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

RF just ignore...don't let this thread deteriorate, lets stick to RKH and not a slanging match

This what I hate....is way over the top estimates...there are loads of oilies with crazy broker estimates...ok : this might be right ...but "might" is the word...

How do YOU estimate a value on an Oil company then?

Ernest to drill next for RKH, with a much higher COS than sealion.

Only 60 mmbbls at $50/bbl stand alone is commercial....Sealion discovery alone is much higher than 60 mmbb's.