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.

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


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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

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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

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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).

To illustrate just how exciting the future is (I have not purchased fully paid for stock and holding long term for no reason, apart from the significant present undervaluation on Sea Lion alone), below are the prospects that RKH has. The reason for long term hold fully paid is the vast potential you have here for billions of RECOVERABLE barrels and on top of that is vastly undervalued presently on just the Sea Lion discovery.

This list comprises of drilled and to be drilled leads, and their potential recoverable barrels per lead net to RKH in the event of success, of course, Sea Lion is now 232M and Ernest is 0 based on recent drills.

The significant thing of course is that in the East North Falklands Basin (ENFB) we have proven "regional seal" and proved "oil production" and proven "reservoir sands", all coming from the work done on Sea Lion.

This work significantly reduces the risk on Fox and Stephens and also makes Jason (of the bigger targets) more exciting to drill as an exploration well.

Putting in those 3 as very likely drill candidates for 2011 exploration work you have nearly 1 billion barrels recoverable, just from those three.

All damn exciting and why I do plan to buy yet more RKH and keep buying them as a pension investment.

Please note all figures referred to are "RECOVERABLE" barrels and not "Oil In Place".

Some companies like to simply hype the Oil in place (OIP / OOIP) figures as they are bigger obviously, but the real figure investors want is RECOVERABLE.

The figures below are also NET RECOVERABLE to ROCKHOPPER - as some companies like to forget they have only a small percentage of ownership and hype up the total find size, not their recoverable percentage.

Figures also exclude any of the potential from DES wells where RKH has a 7.5% share (eg the upcoming Rachel drill).


Rockhopper licenses.


PL032 and PL033

Name and prospective RECOVERABLE resources mmbbls oil unless stated otherwise

Sedge 55
Tyssen 14
Jason 350 = likely 2011 drill target
Sea Lion 232 drilled and firm in 2010
Chatham 65
Meredith 23
Walker 68
Louis 82
Fox 383 = likely 2011 drill target
Stephens 201 = likely 2011 drill target
Johnson multi Tcf gas
Berkeley 140
George 157

1.8 bn bbls recoverable total from PL032/033


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PL023 and PL024

Name and prospective RECOVERABLE resources mmbbls oil

Beauchene 145
Bleaker 193
Concordia 44
Dolphin 287
Ernest 0
Golding 49
Keppel 580
Pebble 186
Saunders 434
Usborne 220
Weddell 254

2.2bn bbls recoverable from PL023/024

because Mr P, it seems to me that this wonderful eldorado you paint so begulingly is all wishful thinking at this juncture - aka a load of bollocks until proven otherwise .... perhaps you take us all to be idiots, when just just maybe you should be looking in the mirror

If it was all proven then the sp would hardly be so low...shares are bought for 'could be' rather then what is 'now' ....thats how theBig Bucks are made ...and lost!

Blowing another gale in the FI's today so doubt much action on the OG.

Enjoy your snow Chav...great weather for kite flying, i have been sitting in my speedos having a cold beer.

Snowing like a twat at the moment marky, so not a problem for cold beer but the Speedos are still in the bag!

speedos at the Angel!!!! spoke to mike fish he says its snow tom as well Chav what you need is a woolly hat mate from some good Tynedale Sheep.