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.

My legs are crossed......will have to go to the loo./,

Marky...I'll take you up on the 50p and Plum for the following Monday....I think it would have to be dry as a bone for a RNS this Monday, but maybe one towards the end of the Week.

RKH on a charge this morning. Very pleasing as the markets are very unhappy!

certainly very glad i bought back at 407 the slice i'd sold the other day somewhat higher

407!!!! You should have asked me. I would have sold you some at......390! ;o)

There seems to be resistance at around this mark of 330p....just cannot break through....if it did, 350p possibly ? or more....

Cynic's mixed up with his peugeot car numbers....

just testing to see if you guys were awake!! ..... 307 of course or 306.75 to be exact

RF on level 2 its double buys to sell on books and fresh air to 342

Usally when i have bought it goes through the plus market why is showing on trades?

Excellent choice of vehicle Cynic.....hoping it will go to 350p short term Marky...

Fully paid for holding, not sold any since 38p levels, not going to sell any....... large paper profits - not selling - looking for a lot lot higher in a couple of years (and a lot higher than this in a matter of months with the Sea Lion flow test).

mmm.
Interesting, this spike may have legs yet......
I think there is alot of 'de-risked' money sittting on the sidelines waiting on news from Ernest, just waiting to pile in.

Consequently i think that there will be some wild swings in the price, as there will be an over-reaction each way, as the herd do their thing.....

Vey strange trades going through! Chav that 50p bet am going to win if they carry on at speed to TD,lets hope HC be found.

I don't think Ernest will deliver anything and therefore expect the SP to fall. No info to back up that thought but to have a 100% hit record would be unlikely but delightful. If we don't get a good result then that's fine by me as I can then pile in for a few more at a better price. The swings on a poor RNS will be excessive and that's the time to buy.

It would appear the well should now be at or through the top of the reservoir formation, meaning the first signs of a gas kick or of oil traces in the drilling mud could be available to the workers on the rig.

Interesting times.............

Pro I would think they have hit the first target zone and may have hit the second today and now all guns blazing to TD

Come on the Rock!!!!!

i confess i have no confidence that ernest will produce commercial oil and have lightened my holding here, leaving me still well o'weight, but hedged by being short of FOGL

Times today

Sam Moody hesitates for a second and looks nervous. No, I have never been to Argentina, he says. Any plans to go? Not at the moment.

It would probably be wise for Mr Moody to keep it that way, for the managing director of Rockhopper Exploration is unlikely to be a popular man on the streets of Buenos Aires.

Back in May, shares in the British oil company rose from 30p to more than 300p after it announced the first oil discovery in the history of the Falkland Islands.

The news that Rockhoppers Sea Lion find contained at least 242 million barrels of black gold worth nearly $20 billion was greeted with delight in Port Stanley but provoked outrage in Argentina, where President Kirchner urged David Cameron to halt drilling in disputed waters.

For Mr Moody it has been a remarkable journey. The 40-year-old from Salisbury now finds himself an unlikely villain for some of South Americas fieriest socialists, including President Chez of Venezuela, who has accused Britain of colonialist meddling in the South Atlantic.

Mr Moody seems unfazed: It doesnt keep me awake at night. Were just exploring for oil.

Nevertheless, his cool demeanour cannot conceal his obvious glee at the discovery, which was made 220 kilometres north of the Falklands.

We hit the jackpot, he told The Times yesterday in his first newspaper interview. Its extremely exciting. We believe that we are on the cusp of opening up a new oil province. You could get billions of barrels in this basin.

Mr Moody, who was a guitar-playing Wiltshire property entrepreneur before starting Rockhopper in 2004, admits he fell into the oil business by accident. Born in Bristol and raised in Somerset, he worked as a stockbroker in the City for a few years before moving to the countryside for a better lifestyle. Nothing about what I was doing was giving me any satisfaction so we moved out of London and I started out as an entrepreneur, he said.

A chance meeting with Richard Visick, a property lawyer from Linklaters who happened to own a small island and a wildlife lodge in the Falklands, led to him searching for oil 8,000 miles away in the South Atlantic. Although neither man had any oil industry experience, they became convinced they could find oil there after studying details of an earlier Shell exploration in 1998 that was posted on the internet by the Falklands Government.

Back then, Shell and three other companies had drilled six wells, five of which found traces of oil or gas. At the time, however, further drilling was not considered commercial because oil prices were only $10 per barrel. It was never my idea to set up an oil company ... but we knew there was oil there so that gave us a lot of confidence, Mr Moody said. They [Shell] had just been drilling in the wrong place.

of course the above article really relates to Sealion, the comments on which are probably valid - or at least as valid as can be guesstimated ...... Ernest gets no mention at all, though i dare say some would like to imagine it does