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.

And off to work they go!

Expect a flurry of deals on Tuesday, as a Merrill Lynch article appeared in the first column of todays Telegraph. It was quite a prominent article.
Brief details...
Shares in the Falkland Islands oil and gas explorer were on the move as heavyweight city broker Bank of Merrill Lynch took up coverage with a "buy" rating, a 650p price target and argued it may eventually be of interest to a potential predator.
Analysts at Bank of America Merrill Lynch said the resource upside potential of its North Falkland Basin and its "leverage to the geological play" makes Rockhopper a strong early-stage exploration and production company similar to the experience of Cairn Energy and Tullow Oil, and their initial India and Ghana/Uganda discoveries.
"We think the market has yet to fully appreciate the value accretion of pushing SeaLion [first oil discovery in the North Falkland Basin] to commerciality, of Rockhopper's exploration upside, or Rockhopper's M&A attraction," the analysts concluded. Rockhopper ticked up 7 to 318p.
Other papers also reported the article.

With the link :

http://www.telegraph.co.uk/finance/markets/marketreport/7968459/FTSE-100-finishes-the-week-on-a-positive-note.html


"...........Shares in the Falkland Islands oil and gas explorer were on the move as heavyweight city broker Bank of Merrill Lynch took up coverage with a "buy" rating, a 650p price target and argued it may eventually be of interest to a potential predator.

Analysts at Bank of America Merrill Lynch said the resource upside potential of its North Falkland Basin and its "leverage to the geological play" makes Rockhopper a strong early-stage exploration and production company similar to the experience of Cairn Energy and Tullow Oil, and their initial India and Ghana/Uganda discoveries.

"We think the market has yet to fully appreciate the value accretion of pushing SeaLion [first oil discovery in the North Falkland Basin] to commerciality, of Rockhopper's exploration upside, or Rockhopper's M&A attraction," the analysts concluded. Rockhopper ticked up 7 to 318p..........."

Thought we would of had an RNS this fine morning.

At a guess by mid-september....it will be nice to start spudding some new wells this autumn either by DES or themselves....

Just thought RKH would of issued an RNS saying rig was on site but they must be going to wait till they start flow test which will be in about 5 to 7 days as they will have to finish drilling out the plugs and ensure other tests before flow test begins.

Exciting times better get back to knitting chavs woolly hat and ear muffs!

RF it will be late October untill Desire get drilling Rachael.

Late august??? It's now the 31st!!!!

Quiet correct Harry mind else where today as have funeral to go to, have corrected mistake.

No action on the OG yesterday due to very high winds but should get the BOP sorted today ready for drilling the plugs out....snowing instead!

Lovely updates on the web site :


"SEA LION, the story so far" PDF is on the website, link below :

http://www.rockhopperexploration.co.uk/pdf/RKH_AR2010_SeaLionStory_final.pdf


---------

Also, the 2010 annual report is now on there, worth reading as well, link below :

http://www.rockhopperexploration.co.uk/pdf/RKH_AR2010_Accounts_LOW+RES_FINAL.pdf

.

RPS had calculated
a net present value, at $80 per barrel and
applying a 10% discount rate, for the
prospect of $2.5 billion. Following the
drilling, the best estimate was increased
by RPS to 242million barrels recoverable,
indicating that there could be significant
upside still to be realised.

http://www.bgs.ac.uk/falklands-oil/download/news.pdf

Falkland Islands Government
Department of Mineral Resources
Newsletter: August 2010

Worth a read :

http://www.dailymail.co.uk/money/article-1308796/INVESTMENT-EXTRA.html

.

.

i know i am very very stupid and readily admit same, but the article above (or is that Pros writing?) implies that significant oil over and above Sealion has actually been found .... patently that is not so, so from where does this mysterious but wonderful 1bn bbo recoverable emanate? ...... surely it's just "i wish", or more kindly, "i hope"?

Cynic.......

It clearly says "Name and Prospective".

Therefore it is a list of the leads that RKH have, and what the estimated size of the RECOVERABLE resource, should it be a strike.

Hence Ernest is 0 as it was dry, and Sea Lon is 232M barrels.

The above shows how much more there is to RKH, and what they will be exploring in 2011 and 2012 and 2013....... billions of RECOVERABLE barrels to go for.

This could be just one spot of oil in the ocean....ernest...liz ...great expectations from some ...turned up dry.....don't get too excited. imo for what it's worth.

exactly my point ..... i KNEW an emu would recognise that even with his head in the sand even if a ramper can't

we have our moments :)) no sneaking up behind either!!

You have lost me cynic, unless you are talking to idiots I have squelched and no longer see their posts.

If you notice how many AIM oilers only ever refer to Oil In Place, or they fail to say "our poxy 15% share is only really xx barrels".

Refreshing for RKH to only quote recoverable figures, their net figure......... not some other misleading value (as many AIM oilers do).