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.

Post from AFN on why GKP's valuation is low :



"..............The economics for Kurd oil are rubbish. You'd value North Sea or Falklands oil at ...$10EV/bbl but Kurdistan oil will be about $1EV/bbl because you'd expect Kurd and Iraqi Govt to take 90% of the economics as they are entitled to.

So GKP's 'billions of barrels' are only worth 'millions of barrels'

Furthermore the 'one-eyed men' who have been proclaimed kings amongst the blind men of the GKP muppet punter kingdom (e.g. Dalesman etc) are very clever in how they spin this Pile of Shit. For example they continually go on about OIP (Oil in Place volume) but that is very much different from actual Recoverable Oil and they never mention the Quality.

Kurdistan Oil is

Heavy Oil (thus higher cost of extraction and lower commerical value as well)

Lower Recoverability

Poor Economics

High Security/Political Risk

That is why GKP is valued at less than RKH.............."

I have 16th Aug ringed on my calender, tagged RKH, so hope I am correct in saying news should be hitting the presses about then. 8 days to go!

looks like another 50p for me then Marky!

As long as its not a box of tissues,did you read the whole write up in the Times with Sam Moody?Good write up.

Sam sounded postitive, so lets hope it's well placed and Ernie comes up with the goods. If Ernie does come in then that will make a huge difference for DES by derisking two of their largest targets.

Cant be long now, i see Sam pointed out that they might be there still next year.......heeeeee


http://www.youtube.com/watch?v=2mdXLfx0xoQ&feature=related

Come on Ernie!!!!!

I hope you're right - I am a bit overweight with both DES and RKH.

but there again ERNIE always was a lottery!

Sea Lion and the flow test and the possible upgrade is what am looking forward to and Ernie is the cream on the cake if he come in and then its party time and my BMW X6.

Good odds on Ernie and the CMSE make it better.

Anyone any idea when we should hear preliminary results re Ernest?

From the timetable it would be Monday 16th, although if the rumor re the minor drill problem is true, then it could be around the 18th.
Nail bitting time!

From the "spudding" RNS of 23 July:-

"The well is being drilled to an estimated target depth of circa 2,400 metres. Drilling operations are expected to take approximately 30 days and a further announcement will be made once drilling is completed."

I am expecting news a week later than you Greek. Your nails will be gone by then!

If Ernest is a gusher then its the candles on top of the cake for me,cant be long now untill we know.

Sea Lions flow test will be the champagne to wash it all down with...yummy

Will it be a bottle of Krug, Clos Du Mesnil 1995 or Tesco finest chapagne

if ernest is a gusher, then i'll do a fair bit of dosh on my FOGL short, but should more than make up on FKH long ...... duster should also work for me

So Cynic your saying you will buy me a bottle of Krug either way duster or gusher!!!

it would be an absolute pleasure .... i owe you at least that

Kim,

Your right of course, memory like a bucket. Also probably too keen.

Greek.

Stick some plasters on the ends of your fingers for now Greek!! :o)

Cynic well done on the FOGL - I was out too late or went too early for the bounce - b/e just!

Marky
is a tentative order in for the X6?

I might bring a few bottles and we can pop them open Cynic one day, I will keep my box of hankies at the ready in case we get bad news.

avsec been and had a look the only down side its only a four seated and 5 would be better when you have two young lads, maybe settle for a RANGY but a bit common round my neck of the woods.

Now Chav has good taste in cars I had to use the back door to be able to have a pint in that Very posh pub, i think Becks was there 3 weeks ago.

marky - i was serious re the treat