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.

21st July spud for Ernest IMO.

Pro...RKH take over the Rig on, circa, 19th so spud maybe by the weekend 24/25th.

Anybody with some new maps ?....with wells indicated ?.

Edit

So it looks like RKH "get control" of the rig on 20th July, so spud will be some time after that date.


http://ftalphaville.ft.com/blog/2010/07/12/283501/markets-live/

The Sector Watcher.

The Toroa-1 exploration well, located to the south of the Falklands, has failed to find hydrocarbons and has been plugged and abandoned as a dry hole. Obviously bad news for the JV comprising FOGL (49%) and BHP (51%), although sentiment towards the other Falklands players (RKH, DES, BOR) is also likely to be hit, certainly in the short -term. Toroa was FOGLs only shallow water well, with the Ocean Guardian rig now returning to RKH to drill the Ernest prospect and to test the Sea Lion discovery, both located to the north in different geological setttings to Toroa we understand RKH should have the rig by 20 July.

FOGL raised 50m last November, with Toroa budgeted at only 12m net to the group, hence the group is still financially viable. However there is likely to be a long wait for the next drilling news as the groups other prospects are deepwater, with no rig yet contracted this could easily stretch into next year. Whilst todays news is clearly very bad for FOGL we believe the shares could test the 115p/share funding level from last November any pronounced weakness in the other players should be seen as a buying opportunity, particularly for RKH which has the only confirmed discovery to date.

If FOGL just drilled in the southern basin and had a duster, according to the map Ernest is also in the southern basin...what makes this a no brainer....

Balerboy - 13 Jul 2010 13:04 - 2013 of 2013


lol...marky/pro...don't you feel like banging your head against a wall sometimes???

chav, I have Balerboy SQUELCHED, which means I do not see their posts at all. I highly recommend using the SQUELCH feature for troublesome posters, whoever they are.

http://www.moneyam.com/InvestorsRoom/squelch.php


Click the link, put their name in the box and then click "Squelch" and you will never see their posts again.

Its bliss ! :)

This is the FOGL area & map, but it is confusing without overlaying the RKH map which I haven't been able to do yet.
http://www.fogl.com/fogl/en/Operations/map/leadsprospectsmap

DES/RKH are to the North of the FI's with the Southern part called the Southern Basin on the above chart.


FOGL/BOR are to the South & East of the FI's and it is called the South Falklands basin.

Just done that harry, it was the reference to southern basin that threw me.

http://www.bgs.ac.uk/falklands-oil/images/exp_hist/Licences_2005v2.jpg

Chav.. your usual knowledgable self. may the force be with you.,.

i confess i join BB in bewilderment about Ernest, though i grant you one does not see its proximity to the failed Toroa site ..... or is Toroa off the map to the east?

Toroa is a long way SE of Ernest in a completely different basin and geology

thanks chav ..... knew i must be a total dawk

I believe we had this discussion a while back Cynic and thought you understood the difference in locations...never mind!

i stupidly thought that what was notated as southern basin on the header was actually so .... but seemingly it is not so, or if so, just partially so!

If you note in the header there is no FOGL or BOR.

The South Falklands Basin is way down south.

The map in the header is the North Falklands Basin (NFB), the North and South of the NFB.