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Rockhopper Exploration (RKH)     

markymar - 15 Aug 2005 15:14

Web Page Traffic Counter

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.




free counters

cynic - 29 Jul 2010 08:33 - 2208 of 6294

for people who look at charts - which rules out clubby! - current level just may see a bounce off 25 DMA

Chart.aspx?Provider=EODIntra&Code=RKH&Si

markymar - 29 Jul 2010 10:01 - 2209 of 6294

July offshore Mag


Falkland Islands

A small spot with a disproportionate amount of activity, the Falkland Islands continue to see drilling. Rockhopper Exploration has updated the analysis of its Sea Lion oil discovery in the offshore North Falkland basin. According to independent consultants RPS Energy, the field could contain 242 MMbbl of recoverable oil, with significant upside potential.

Well 14/10-2 was drilled in April and May to a depth of 2,744 m (9,002 ft), and following completion of final logging, was suspended for future testing. The well penetrated what is thought to be a regional seal between 2,250 and 2,374 m (7,382 and 7788 ft) subsea. Based on log analysis, well site evaluation of shows and samples, sidewall cores, and wireline formation testing, all sands encountered beneath the regional seal at this location appear to be charged with oil. No oil/water contacts were encountered.

The top oil sand in Sea Lion was encountered at 2,374 m (7,789 ft) subsea, and the base of the lowest oil sand at 2,591 m (8,500 ft) subsea. Rockhopper estimates the total vertical oil column at 217 m (712 ft), with total net pay of 53 m (174 ft) in seven identified pay zones, the thickest around 30 m (98 ft) gross.

Pressure data suggest there may be two separate oil columns, although this will have to be confirmed by the well test. The main Sea Lion fan has a net pay interval of 34.5 m (113 ft). Other underlying sands have total net pay of around 18 m (59 ft), some of which appears to be connected to a Sea Lion lower fan, which had been regarded as a primary prospect. The well also intersected a further 2 m (6.5 ft) of deeper pay.

Oil down to 2,591 m subsea is 116 m (380 ft) beneath the lowest mapped point of the entire Sea Lion fan, which has an aerial extent of over 45 sq km (17 sq mi). There are seismic indications of thicker reservoir compartments elsewhere in the fan.

Rockhopper believes the well has opened a new play fairway in licenses PL032 and PL033.

The play around the Falklands may be set to expand, too. Desire Petroleum has classified its first well in the North Falkland basin as a gas discovery. The Liz well 14/19-1 reached a TD of 3,667 m (12,031 ft), and is currently being plugged and abandoned.

Initial log interpretation suggests that the well encountered 17 m (56 ft) of net hydrocarbon pay at sub-surface depths between 2,961 and 3,031 m (9,714 and 9,944 ft) within a zone of over-pressured, and chiefly sandstone, reservoir. A hydrocarbon sample and formation pressures were recovered from this interval.

Early analysis indicates wet gas, with no apparent water-leg in this interval. Desire adds that further work will be needed to evaluate reservoir quality, to determine the trapping mechanism, and to assess the discoverys potential.

The well also recovered dry gas in a separate accumulation in a different pressure regime from a deeper interval below 3,400 m (11,155 ft). This suggests that gas pay is present in generally poor quality reservoir. However, there is uncertainty over the rock type and its reservoir potential.

The Liz fan was encountered between 2,540 and 2,568 m (8,333 and 8,425 ft). Desire says that good oil shows were recorded while drilling, but logging and sampling confirmed that this reservoir interval was tight. The company believes the Beth fan was also penetrated between 2,654 and 2,672 m (8,707 and 8,766 ft), again with oil shows in tight reservoir. Further weak oil shows were recorded in conglomeratic zones between 2,706 and 2,932 m (8,878 and 9,619 ft).

Liz was the first in a multi-well, multi-operator campaign offshore the Falkland Islands using the semisub Ocean Guardian. Rockhopper will now drill two wells in the North Falkland basin and BHP one in the East Falkland basin before the rig returns to Desire for further drilling later in the year.

Desire says it will use the next three months to evaluate data from the Liz well. These and the results of the Rockhopper wells should assist planning of future well locations.

cynic - 29 Jul 2010 10:02 - 2210 of 6294

so much for a bounce!
next stop = 290 = 50 dma level

markymar - 29 Jul 2010 22:15 - 2211 of 6294

Cynic any other day you would be correct but there have been some difficulties with the OG but am sure they can solve the problem as quick as possible.RKH said 30 days i think maybe still on target.


Just looked on iii and I yarned at the 800 or so posts and know why enjoy moneyam so much betterbetter class of people.well its not over till the fat lady sings!!

HARRYCAT - 29 Jul 2010 22:20 - 2212 of 6294

Your not wrong there marky. iii & ADVFN full of rampers & rubbish, but I think the younger members love the banter. MAM & Motley Fool at least have some decent info & opinions.

markymar - 29 Jul 2010 22:32 - 2213 of 6294

Totally correct Harry...ADFVN i dont have but have over 1000 post today on iii and i woundt care i have loads filted but still to much crap so its a turn off.

But when you have a 1000 in a day post you know your on to a winner.

markymar - 30 Jul 2010 08:58 - 2214 of 6294

I See the fat lady is standing up a singing again.happy days!!!

cynic - 30 Jul 2010 09:08 - 2215 of 6294

????????????
sp is flat to down

aldwickk - 30 Jul 2010 09:21 - 2216 of 6294

ADVFN also has some very well informed posters as well, depends what threads you want to read, some like the PET thread attracts a lot of tossers.

markymar - 30 Jul 2010 09:47 - 2217 of 6294

I see RKH was tipped in the money mag yesterday as a win win share.They pointed out how the share prise had risen and why and expected it to rise further...

Jon B - 31 Jul 2010 20:44 - 2218 of 6294

Hi Marky,
Hope all is well. It's been a long time. I am still in both these and DES. Gave up posting on BB's a while back, too much flak. I see it is nice and civilised on here though!
Are you uptodate with what is happening on the rig?

drop me a line.

markymar - 01 Aug 2010 08:39 - 2219 of 6294

Hi John,

long time no hear,once a spiv always a spiv,will send you a email through moneyam later today and catch up.

As near up to date with rig..... 12 1/4 hole section to TD.

markymar - 02 Aug 2010 13:24 - 2220 of 6294

The flow testing gear is sitting in the FI waiting to be taken to the OG not long now for news.

HARRYCAT - 02 Aug 2010 13:50 - 2221 of 6294

Hmmmm... that looks very like the car park on the seafront at Gt.Yarmouth to me!

markymar - 02 Aug 2010 13:58 - 2222 of 6294

This one ways 16 ton Harry lets hope they use it on Ernest as Ernest is the Key to the SNFB and if she blows so will the share price of Desire And Rockhopper as this will attract the big boys for sure.

News soon keep a close eye on her

http://www.exprogroup.com/products-services/well-testing-commissioning/well-test/

chris547 - 02 Aug 2010 16:50 - 2223 of 6294

To: Harrycat (2212), markymar (2213), aldwickk (2216), Jon B (2222)

Fine, yes there is a pre-ponderance of scruff on iii, ADVFN and other BB's however its also good to hear contrasting opinions.

If someone is an idiot you have to just filter them. Complaining to the moderators usually falls on deaf ears. Become a minority and demand your rights seems to be the way of the 21st century!

It's interesting to hear the analytical, accountant types work out a SP (share price) and equally interesting to hear an oily add some technical/geological angles to make us think. I also love the investor/trader types that add a market slant because that is where the final decision on SP is taken.

As you suggest many posts on BB's are just loud mouths sounding off and worth less than nothing and indeed are often misleading entirely in the wrong direction due to individual agendas. Shorters and rampers!

The interesting decisions for the investor are how much will you commit and when? When will you buy/sell and why?

Rockhopper is a stock that makes one address these questions again and again. It is really a stock you could retire from if you judge things correctly. There are those that will take 10,000 and make it worth 5 times as much.

As somone with geology, geophysics and engineering skills it is to me a fascinating techical challenge and yet also an opportunity. As someone who focuses on junior miners and O&G explorers all the Falkland Oilers are IMHO worthy of careful study.

I also find it interesting that 2 companies have found substantial quantities of oil and yet the market does not yet perceive value. One is Rockhopper and the other is Xcite.

There is IMHO no better area of opportunity than the junior oilers so good luck and consider the facts on RKH and XEL with due care!

C547

aldwickk - 02 Aug 2010 20:44 - 2224 of 6294

Very good post Chris.

chav - 03 Aug 2010 00:23 - 2225 of 6294




Marky...4th June RNS

"The Company intends to test the well at the earliest opportunity during the current campaign and test equipment is currently being mobilised."

markymar - 03 Aug 2010 09:12 - 2226 of 6294

Cheers Chav looks like we have a green light,now to win my 50p bet back which i lost........i will plum for RNS Monday at 7am.

i think the 50p should be a pint in the Angel and if she blows we can get the bubbly out.If not a box of tissues and a pint.

Not long

cynic - 03 Aug 2010 09:21 - 2227 of 6294

fingers x'ed especially for marky
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