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.

I am now of the opinion that RKH may be in a better position than DES as the goal posts have moved since DES/ARCADIA struck a deal

For British rival OHM, the big positive of 2008 is surely the legacy success of its EM survey work conducted in Falklands waters back in 2006, which paved the way to UK independent Rockhopper conducting a 3D survey the following year and which has confirmed a number of apparently highly promising targets for future drilling.

Rockhopper says it is to start advanced work on the data, which will include AVO (amplitude versus offset) analysis, imaging studies, geochemical modelling, further detailed log analysis, depth conversion and reservoir modelling.

OHM ran two EM surveys in the North Falkland Basin, both of which indicated the presence of discreet resistors in the area of the drilling targets. They covered prospect J1 and lead K. Those areas were also the subject of a 2D seismic survey, also acquired during January and February, 2006.

A key lead K prospect is Ernest, located 100km north of the Falklands. A four-way dip closed area of some 2880 acres with a stock tank oil in place estimate of at least 300 million barrels. OHM recorded a strong CSEM response confined to the enclosure.

A second (unnamed) prospect 40km from the islands described as a 'shallow rollover' was identified as having an areal extent ranging 2000-6000 acres with potential in place reserves of 180-600 million barrels. However, Rockhopper has indicated further work is required to progress this particular target to prospect status whereas 'prospect Ernest (is) sufficiently defined to drill'.

All told, the work carried out to date has identified five oil and gas plays with a recoverable reserves potential of billions of barrels. Intriguingly, a well drilled by Shell more than 10 years ago just clipped the edge of one of the Rockhopper targets.

That would appear to be a respectable result, moreover, one that really does demonstrate the value of EM in the quest for new hydrocarbon resources.

Play it again Sam.

George Berkeley Johnson

Volumetrics might be useful in the future, but I'm impressed with the interactive approach.

http://www.rockhopperexploration.co.uk/exploration/maps.php

ah yes, i had forgotten about these "must buy" falklands stocks ..... great shares to have shorted with hindsight or even common sense

Excellent 1 x squelched cynic and no mess left.

should i care! ..... have frequently warned peeps off these, but their choice if they want to bury their heads at the bottom of the sea

Falklands Update Feb 2009Phil Richards (BGS & Falklands Government)

http://energy.ihs.com/NR/rdonlyres/FA138072-6FD1-4578-A9AF-A2BF32C50779/0/I1_FalklandIslandsGov.pdf

http://en.mercopress.com/2009/03/10/oil-company-closer-to-begin-drilling-in-north-falklands-basin

Oil company closer to begin drilling in North Falklands basin

WOW!
exciting or what?
not really at all actually .... even if, and by golly that is a huge if, they find indications of commercial oil and then some time down the road, these mere indications are borne out, you are still several years and HUGE stacks of money to get the stuff out and flowing

Markymar,

FACT....The news re Rockhopper is good news, no matter what others state.

now try some reality and read the comments on the TLW thread extracted from their results about what is commercial volume and how long it takes to bring on flow - and that is from a relatively simple location.

Cynic was thinking of you today when i picked up a loaf of bread and it had thick cut written on it.

and did you find yours had jam on it for tomorrow .... but then you dropped it and it fell face down?

Cynic don't let you mind wander - it's far too small to be let out on its own

i'm afraid at my age my mind has developed a mind of its own

Cynic at your age i would Sit down and give your mind a rest - it obviously needs it.

I would ask you how old you are, but I reckon you can't count that high.

i tried sitting down but forgot i had moved the chair

I nearly fell off my own chair reading all this banter!

I remember getting somewhat overexcited by RKH about a year ago and realise now that there is certainly a long lag-time between 'starting to drill' and making 'a [proven] discovery' - let alone getting the stuff to the surface... Meanwhile, I have grown significantly older if not wiser.

Cynic tells so many porkys that he opens the post with his nose.

BUt he is quite good at finding the odd truffle!