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.

Aldwickk,

Many have asked iii to remove since first posted on 13th. If only they were as efficient as MoneyAm.

Re the T shirts. Have not seen them yet, but about 2 weeks ago I ordered 2 T shirts both with boxing scenes on them.

Will discuss my hero Ali and my boxing nickname on The Talk to yourself thread if interested.

Why do people do such nasty things ?.....at the start of the computing age : I suppose it was a laugh...but now......no joke.....at all.....

Completely agree. The virus link has been posted on multiple sites on iii since the 13th, and yet they have still not been removed even after dozens of complaints to iii.
Pity they are not as efficient as MoneyAm.

Sorry re off thread but did not want anyone caught out. Will not post further on this now everyone is aware.

regards Greek.

Sorry greekman, just my suspicious nature. For those people still running dial-up or ADSL modem, a good firewall & anti-virus should have no problem nowadays with dealing with virtually all viruses.
Am hoping for a friday afternoon sell-off & a dip in RKH sp in order to pick up more. Maybe (hopefully) everyone has transferred cash to BP. for a quick profit?

don't think they're going to see it harry.,.

just bought a few more ahead of spudding of ernest in the coming couple of weeks

Had to go out for a few hours so left a 'buy' on the system @ 320p, with little hope of it triggering. I now seem to have more RKH stock than I was expecting!

Harrycat,

No prob re your suspicious comment. Suspicious is my middle name.

Sounds greek to me.

http://en.mercopress.com/2010/07/16/falklands-oil-exploration-to-continue-with-second-rockhopper-drill

Falklands oil exploration to continue with second Rockhopper drill
Oil fortunes ebbed and flowed this week as one exploration company abandoned its well, another looked forward to a second bumper find, and a new player joined the race for black gold in Falklands waters.

Shares in Falkland Gas and Oil fell by more than 60% before recovering slightly to trade 45 per cent lower at 110p on news earlier this week it would plug and abandon its Toroa well, about 90 miles from Stanley in the South Falklands Basin.

FOGL failed to find any hydrocarbons after drilling to almost 2,500 metres, but said it would continue to pursue its other licence areas in the south and east.

Chief Executive Tim Bushell said results were disappointing, but he added: It has to be remembered that this is the first well in a previously un-drilled frontier basin. We look forward to continuing our exploration programme once a suitable deepwater rig has been secured.

The Ocean Guardian rig will now be released to Rockhopper Exploration, seeking a second major find after striking rich at its Sea Lion site. The first significant discovery in the current round of drilling sent Rockhopper shares soaring by 650% in May, and the company hopes to repeat its success at its Ernest prospect in the north, where it will begin drilling later this month.

Meanwhile, a fifth company has announced plans to join the drilling race, once it raises 70 million in a London stock market listing. Argos Resources is led by John Hogan, who worked on Lasmos attempts to find oil off the Falklands in 1998. The significance of their announcement is that Argos holds licences next to the Rockhopper discovery.

An industry expert was quoted in the UK Guardian as saying: Punters will be disappointed that the Toroa well in the South Falklands Basin failed to find reservoir hydrocarbons.

However, smart investors will be aware of the massive geological and geographical gap between the South and North Falklands basins the latter having been massively de-risked by the Sea Lion discovery.

Director of Mineral Resources, Phyl Rendell said her department and the government anticipated the ups and downs of oil exploration, and remained really pleased with the program so far.

All the difficulties have been overcome and we are particularly pleased to see the first well drilled in the southern basin, she said.

Technically and logistically it is fantastic. It will take numerous months to analyse but it does represent a landmark in the exploration campaign.

Mrs Rendell said all five existing licensees were now active, and FIG would be seeking interest from other exploration companies later in the year as part of its ongoing marketing strategy.

She also paid special tribute to all those involved in building the lay-down area near FIPASS: They have done a remarkable job moving all those tonnes of equipment, and there have been no hold-ups to the rig, which has been the main thing.

Argentina, though, continues to express its displeasure. According to La Nacion newspaper, Argos has already been sent a letter by the Argentine Embassy in London warning it to abstain from drilling or it will face legal actions.

Similar threats have been levelled at the other exploration companies as the Argentine Government continues its attempts to make life difficult through imposing shipping permits, through its Decree 256, designed to disrupt movement of equipment and supplies between mainland South America and the Falklands.

Lawmakers in Buenos Aires are reported to have now approved a bill to impose sanctions on any companies working in Argentina with links to the Falklands exploration program. The bill was passed unanimously in the lower house and is expected to be ratified by the Senate.

Mrs Rendell, though, remained unmoved by the political manoeuvring: It is not preventing the campaign from proceeding, she said.

Acting Governor Ric Nye told the Penguin News Thursday: As I said in my letter in last weeks edition, the UK has protested to Argentina, and has firmly rejected Decree 256.

The UK Government has made clear its view that it considers that the Decree and its implementing regulations are not compliant with international law, including the United Nations Convention on the Law of the Sea.

The Convention provides for ships of all States to enjoy the right of innocent passage through territorial seas. As with other matters concerning a ships route and operation, it is ultimately for a ships Master and owners to decide whether or not to comply with the Decree, but there is a clear view in the UK that to do so is unnecessary.

Cllr Emma Edwards, minerals portfolio holder for the Legislative Assembly, was yesterday unavailable for comment.

By Tony Curran - Penguin News - Stanley

Time that RKH started climbing ahead of Ernest spud news.

Chav anything on seismic front?

Spec Partners are shooting a Multi Client 2D data.

Spec is aiming to carry out a speculative 6,000km multi-client 2D shoot on unlicensed acreage in Falklands waters....should be near finished.

Spec Partners are the ones I was talking about the other day...not heard anything on any more but should think that they will be plenty coming up especially with new acreage at the eoy.

Do you know if they are going to shoot the 3D for Argos? There down that neck of the woods.

Processing will take 3 to 5 months months so should have data by September December ready......its all go and i bet the OG is still there this time next year.

I would assume they will shoot the Argos 3D, providing Argos float ok and raise the cash. The OG has at least 8-9 months work lined up with known customers already so should be around this time next year alright.

There was a Rumour that Desire were going to get some 3D done over there acerage.......any thing on that? and where

Not heard much on that marky but would assume that both DES and RKH would shoot more given the new drill information from Liz and Sealion. It will be interesting to see if either apply for new acreage at the eoy as well.

sp performing very strangely today, though volumes are very low

I don't have L2, but is it possible there are alot of buys waiting at a lower level which the MM's are not prepared to trigger?

it's not just an MM stock