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.

charts suggest it is heading down in the absence of any new positive news.

you may be right, but my amateur reading indicates this could be a support level

cynic have a look at MACD, RSI and volume. It needs news soon.

Well if its heading down what a great Opportunity for you to buy in Halifax or short it do let me know what price you short it at so i can have a good laugh at you.

The price may go down or it may go up but if your a long term holder then we are about to spud Ernest early next week which is great news.

hali - this is something of a "special sit" so in many ways the usual rules do not apply ..... i am very happy to sit with what i have, albeit that i am quite significantly o'weight

r immediate release: 21 July 2010


Rockhopper Exploration plc

("Rockhopper" or the "Company")

Drilling Schedule - Update

Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, was re-assigned operation of the Ocean Guardian drilling rig at 09.00hrs local time on 21 July 2010.

The Ocean Guardian is currently being moved to the Company's Ernest prospect located on licence PL024 in the North Falkland Basin where, after arrival and mobilisation, it will drill the Ernest 26/6-1 Exploration Well (100% Rockhopper). Drilling operations on Ernest are expected to take approximately 30 days. A further announcement will be made on spudding of the well.

On completion of the Ernest 26/6-1 Exploration Well, it is currently anticipated that the Ocean Guardian will return to Rockhopper's Sea Lion 14/10-2 Well (100% Rockhopper) to conduct tests on the oil discovery.

Bring it on.

so not a lot likely to happen until this time next month.

I look forward to the usual round of speculative posts on the possible/probable rise or fall in the RKH sp in the event of a duster or gusher!

Harry I don't!

chav Right on!

bet your bottom dollar Pro, will.....snore.,.

So the drilling plan is now :

Drill Ernest.
If nothing then proceed to Sea Lion.

If Ernest hits then proceed with flow testing of Ernest.
Then flow test Sea Lion.

Then the rig returns to DES to drill Rachel.

So if the Ernest well is dry then in 30 days we will know, allow another couple of weeks for moving, then 45 days flow testing Sea Lion.

If Ernest hits then it will be 30 days drilling Ernest, perhaps 21 days flow testing Ernest, couple of weeks transport, 45 days flow testing Sea Lion.


Still holding all, still not selling, still adding more :)

and the point of this post is....

RNS next week and we should see a steady price rise as they drill Ernest lets hope we hit 2 out of 2 and we have very good odds of that happening especially after Sea lion De risking the basin even more.

Come on the Rock!!!!

As the crow flies...any idea how far away the 2 wells are ?....Ernest-Sea Lion...

Do crows normally fly in straight lines or zigzag with the wind and air currents?

less than a couple of hours for a Wandering Albatross!

they squawk a lot!

If a crow flew in a straight line it might be around 120km I would guess from Ernest to Sea Lion.

Approx 60 miles for us Brits.