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.

Well the story gets better and better as time goes on,

"Rockhopper intends to work closely with Desire and Arcadia to secure a suitable drilling unit for a minimum 6 well campaign in the North Falkland Basin"

"Basin modelling studies suggest larger source kitchens with greater areas and more extensive oil windows than previously interpreted."

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The odds are just getting better and better.

Rockhopper Exploration - HOLD Price: 88.75p Target price: 50p Code: RKH.L Analyst: Tim Heeley | 020 7776 6933


Operations Update
Announcement of revised basin model and interpretation of new 3D data. The company states larger basins and also gas prospects within licensed area and is also looking to secure a 6 well slot in the North Falkland basin with Arcadia and Desire.
The company, furthermore, has stated its intention to drill 2 wells on its own account, plus the additional 2 wells it will farm into for 15% for a 7.5% stake in the Desire acreage.
Of note, to drill the Desire interest wells plus 2 of its own, we estimate Rockhopper could incur costs in the region of $25m (based on 30 day wells and $350k/day rates) and as such a further fund raise is required ahead of drilling.
Without a firm drilling announcement there is no more value driving news flow for Rockhopper, or indeed Desire, and as such maintain our hold recommendation.

Atrocious chart...investments in Falklands is a no-go area.

plonker

U.S. Fed said that tough times are not over led Wall Street to its worst day since the 1987 stock market crash, wiping out earlier optimism fuelled by government steps to avert a financial meltdown. Japan's Nikkei index dived as much as 10 percent in Thursday trade.

U.S. crude for November delivery fell $1.26, or 1.7 percent, to $73.28 a barrel by 6:20 a.m. The front-month contract has lost nearly a third in value in three weeks, the steepest such decline since it began trading in 1983.

London Brent crude fell $1.17 to $69.63.

"The oil markets are now highly correlated to the stock markets. Everyone now uses the stock markets to gauge the health of the economy," said Clarence Chu at U.S.-based options trader Hudson Capital Energy.

Crude now stands more than 50 percent off its July peak above $147, and analysts have scaled back global demand growth estimates after a recent slew of gloomy data that has overshadowed OPEC's talk of possible production cuts and a hurricane that is disrupting Caribbean refining operations.

Japan's crude oil inventories hit a 14-month high last week as crude runs stayed low, in part due to slack domestic demand, industry data showed on Thursday.

JP Morgan cut its average oil price forecast for 2009 to $74.75 a barrel, and the Organisation of the Petroleum Exporting Countries also reduced its forecasts for world demand for crude next year in its latest monthly report.

How much does it cost to produce a barrel of oil outside OPEC?

Rockhopper has not been issuing any news lately. No rig in sight and falling oil prices indicate it may not be economical in carrying out the projects now. It is very concerning and it may drop to 10p range.

Do some home work justy intead of sounding like a plonker.

http://www.desireplc.co.uk/technical_economics.php

18.5p isn't impressive at all now, eh, smarty marky?? RKH is a 10p share. You better do your homework.

as far as i can see, concrete(!!) results for any of these FI E&P companies is a very very long way off .... though i would anticipate oil to return to a "natural" level of say $95/100, that could still be 2/3 months away, and even at those levels, i wonder if any of these FI companies would be profitable, even if any of them actually found commercial quantities of oil.

with the markets likely to remain jittery for some time at least, i do not think it too late to short them, though FOGL would probably be my choice

All these oil type companies connected to the Falklands Area are long shots, that is why most of us have invested in them. Blue sky or bust.
Oil will for many years be a valuable commodity, with the share values of these companies being solely determined on the amount of oil found and the cost of retrieving it.
The so called natural level will be mainly down to supply and demand.
I doubt the price per barrel will fall to none retrievable profit levels for many years to come, should the amount anticipated on the surveys be forthcoming.
A huge gamble? definitely! but with a possible massive upside.

Justyi u havent done your home work have you at all as i dont hold RKH at present moment but that might change in the next few days.

Thought of you when i went to tesco tonight i picked up a loaf of bread and it had thick cut on it.

Hahahaha...13.5p...I wonder who is thick.

Justy,


I dont hold RKH shares!!! for the second time now i know your a little slow.

Now i might pick some up in the next few days as i think they are cheap but i will let you know.

I'd love to ask how old you are, but unfortunately I know you can't count that high.

Poor Justy the lights on but dim!!!

lol, u r funny markymar

I only hold FOGL , But as you say marky they do look cheap i may well pick up a few myself ; )

Marky,
Be rest assured Desire Petroleum is already following Rockhopper's footsteps.

RNS Number : 5120G Rockhopper Exploration plc 23 October 2008



PRESS RELEASE


23 October 2008

Financial Times Report

Rockhopper Exploration plc ("Rockhopper" or the "Company"), the AIM traded (RKH) oil and gas explorer with licences in the North Falkland Basin, notes the report in the Financial Times today entitled "Smaller producers get ready for consolidation".

The report wrongly quotes BHP Billiton as having bought into Rockhopper's assets.

Rockhopper holds a 100% interest in North Falkland Basin Licences PL023, PL024 PL032 and PL033 and holds a 7.5% interest in Licences PL003 and PL004.

Technical work done on the Rockhopper licences has indicated Director's estimates of unrisked recoverable reserves of 4.3 billion barrels and in addition has identified a multi tcf gas prospect. The acreage has both proven oil and proven gas and is located in relatively shallow water.

Work done at the time of admission to AiM indicated that a discovery on Rockhopper acreage could be commercially viable at oil prices as low as US$25 per barrel.

Rockhopper has no debt and had cash of over 4 million at the end of September 2008 (Rockhopper's half year end). The financial position of the Company has been unaffected by the recent turmoil in global banking.

While Rockhopper has not entered into any agreement with BHP, it can confirm that it is in discussion with a number of potential farm-out partners and is also continuing the search for a rig in conjunction with other operators in the North Falkland Basin.

Marky, you are so gullible...


23 October 2008

Financial Times Report

Rockhopper Exploration plc ('Rockhopper' or the 'Company'), the AIM traded (RKH) oil and gas explorer with licences in the North Falkland Basin, notes the report in the Financial Times today entitled 'Smaller producers get ready for consolidation'.

The report wrongly quotes BHP Billiton as having bought into Rockhopper's assets.

Rockhopper holds a 100% interest in North Falkland Basin Licences PL023, PL024 PL032 and PL033 and holds a 7.5% interest in Licences PL003 and PL004.

Technical work done on the Rockhopper licences has indicated Director's estimates of unrisked recoverable reserves of 4.3 billion barrels and in addition has identified a multi tcf gas prospect. The acreage has both proven oil and proven gas and is located in relatively shallow water.

While Rockhopper has not entered into any agreement with BHP, it can confirm that it is in discussion with a number of potential farm-out partners and is also continuing the search for a rig in conjunction with other operators in the North Falkland Basin.

what time does school start these days?