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.
definitely not ...... it is already known that RKH has found significant amounts of oil at Sealion, though the flowtests remain to be done ..... the weakness now is related to ernest which is an awful long way away from Sealion ..... as several have said, the chances of RKH finding commercial oil at ernest are slim - 5:1 - and if i have read correctly, one of the major parts of the exercise is to try to determine the full extent of the Sealion and attaching reservoirs - or something like that ..... marky is far more up to speed than i on these things
halifax...either they are moving the kit out to the OG now for testing Ernie or they have finished drilling Ernie and are loading it onto the OG and moving to Sealion.
I would have thought that they would have shifted it out to Sealion after the move rather than clutter up the tight space on the OG whilst still at Ernie, so maybe....Xed fingers!
Everything is a gamble now--and a dry well result would knock confidence alot and the shares will take a nose dive--i have been here before when small companies were drilling in North Sea,etc--mmm--recovery will then take a long time until further wells are drilled and results known,etc--i would personally sell half my shares if i was still sitting on a healthy profit!!!---its your money though and it is up to you guys!!-i am just an old hand in this oil drilling business!!--i go right back to the Jackson NO 1 oil discovery in Australia in 1980's too!!--when a little unknown company called metals and energy minerals were drilling in Northern Territory and their shares shot up from just 9p to 99p in three weeks !!they hit oil in their first well and it was a major find with over 6000 barrels of oil flowing ,etc--BUT there were subsequent disappointments and we all know what happened to the share price-etc--company had to change its name and it became known as Claremont Petroleum--and so on.etc--take care with RKH guys and never push your luck too far!!