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.

Back in, after sell out this morning...it might drop a little...but it's a risk...tremendous potential overall...

am already in cyners, and yes would buy again.. have a good w/end

"Greed is good"...now where did I hear that before....

wouldn't know how to marky...lol. have a good w/end.

dipped my toe in NPE and EO. tonight.

glad to hear it BB ..... i bought more today too at 316/321, and sure don't see those coming to much harm - or at least i hope not!

I got out of EO. this morning...but it looks good to me...

thought that was tigger and piglet's friend .... you weren't shagging the poor little chap were you?

lol lol Cynic!

Anybody seen Zak Mir's RKH chart ?

no, where did Zak leave it?

If i knew that i woundn't be asking

Any articles in the papers today ?...must be some write-ups.....

The Sun

http://www.thesun.co.uk/sol/homepage/news/3001329/Rockhopper-Exploration-locates-huge-oil-field-off-the-Falkland-Islands.html



The Daily Mail
http://www.dailymail.co.uk/news/worldnews/article-1284171/Oil-discovery-Falklands-hailed-biggest-kind-North-Sea-Oil.html?ito=feeds-newsxml

http://www.pressandjournal.co.uk/Article.aspx/1768979

Independent analysis revises size of Sea Lion oil find upwards with potential for further increase

Rockhopper shares jump after discovery upgraded
By David Telfer

Published: 05/06/2010

Rockhopper Exploration saw its shares soar yesterday after it upgraded its estimates for its Sea Lion oil find and said there was a possibility of further upgrades.

The North Falkland Basin oil and gas explorer said that according to an independent assessment by RPS Energy the best estimate of oil in place had been revised upwards from 568million to 806million barrels, with best-estimate recoverable reserves up from 170million to 242million barrels.

It also said analysis of samples had confirmed the find the first in an exploration programme by several companies off the Falkland Islands as medium-gravity crude oil with good reservoir characteristics.

The company said: The assessment of the Sea Lion discovery was performed within a limited time frame.

RPS is being commissioned to conduct further work on the discovery and therefore the assessment published today may be subject to change following a more detailed technical review.

Managing director Sam Moody said: Rockhopper has now confirmed the first oil resource in the Falklands. Our analysis of the data from the Sea Lion well suggests that there is significant potential upside on our acreage and our technical effort will now focus on integrating all of our new knowledge of the basin so we can understand and identify the best prospects for future drilling.

Being a 100% holder of this acreage potentially places Rockhopper in a very strong position.

We are now looking forward to drilling Ernest and testing Sea Lion.

Our recently updated economic model indicates that a standalone field of 60million barrels recoverable could be commercial at oil prices down to $50 per barrel.

Rockhopper was established in February 2004 to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. It holds a 100% interest in four offshore production licences and has also farmed into two permits operated by Desire Petroleum in each of which it holds a 7.5% interest.

Its share price jumped as high as 374.54p yesterday before settling up 33% at 319p.

Thanks...

So it looks like they will drill Ernest first and then test Sea Lion after...and then it will be Desire Petroleum's turn again.

It would make sence to flow test Sea lion and on the back of results raise more cash to drill other prospects then drill Ernest in case it is not a gusher....strike while the iron is hot springs to mind.

A successful flow test and a upgrade on reserves on what Sea Lion holds will put another 2 to 4 on the share price hence my way of thinking a flow test first and results of that as they drill Ernest.

marky doesn't it all depend on the terms of the contract with the owners of the Ocean Guardian, after all there are others involved namely DES and FOGL.

Exactly...Desire got the rig in the first place...