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.

Sp lift off......sharp increase....

Small increase really, given how low the price is in comparison to what they have. Just need good flows thats all :)

Re-rating only just starting, if the news is good.

StockMarketWire.com
Shares in both Rockhopper Exploration plc (LON:RKH) and Desire Petroleum plc (LON:DES) surged today on un-substantiated rumours that the Ocean Guardian drilling rig which is flow testing the lower fans of Rockhopper's Sea Lion14/10-2 discovery well is proving positive.

The companies own recent statements point to a 30 day operation commencing on the 6th September and the company will announce its findings at the end of these operations.

During the morning Rockhopper's share price rose as high as 352p and Desire was up as high as 127.50p. "

That snippet would indicate they have done 1st test on the lower fan and now moving to the Main (upper) fan for testing of that the 1st time.

Anyway, its all rumours......

I still think we will get good news before AGM on the 30th, Am happy holding RKH at this present time on what i have been told.

Got some coverage on CNBC for RKH today, mainstream news.

To quote someone who saw it, below, could "double" on good flow test :)


..........They had Niel Shar the Director of Research from Edison Research (a company who I invest in often from their working outs and research. eg, sxx, byot and a few others)

He said that providing the well test can prove that its commercial then the sp could double. He also stressed how he was impressed that after Ernie was dry, that the sp held its ground. He then said those that know the story here will know that that just shows how undervalued RKH is right now.

What i took from him talking about the well test was not so much about flow rates etc etc but more to the point wether or not RKH can prove it to be commercial. Which is what i said earlier about not worrying that the first well test isnt amazing but that proof of it being commercial with artifical lift would be enough to please the markets.

Buy..buy..buy..

Why is DES rising.....?....in tandem.........? might as well have shares in the local sandwich shop but the takeover is for the burger bar next door....

Or in a brothel with an Ann Summers shop next door.............

Not a bad week for the markets I would say.....there are a couple of threats for next week...bombers.(mental cases) and 2 massive hurricanes .....

were are the massive hurricanes going to hit

rf you are beginning to sound more and more like fraser.....doom.... buy a sandwich board...the end is nigh!

skegness! ... and certainly not FI

Might stay off the USA coast,... but you never know...might hit North or South Carolina....damage would be severe...

so what?

Might affect markets....

markets in general maybe, but should have little or no effect on special situations stocks, especially ones that are nowhere near the trouble nor have any knock-on effect from same

markets in general maybe, but should have little or no effect on special situations stocks, especially ones that are nowhere near the trouble nor have any knock-on effect from same

Triple witching today. Stocks very volatile across the board, with inexplicable spikes.

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to report the successful test of well 14/10-2: "Sea Lion 1."

Sea Lion 1 was drilled in a water depth of 451m during April and May 2010 and suspended for future testing, having encountered a gross oil column of 217m with net pay of 53m. Initial MDT samples were confirmed as medium grade crude oil of 26 .4 29.2 API gravity.

Sea Lion 1 was re-entered during September 2010 and was flowed for 18 hours. The well tested at sustained rates in excess of 2,000 barrels per day with a maximum rate of 2,304 barrels per day. The flow test results are in line with Rockhopper's pre-test expectations and were significantly limited by downhole and surface equipment. The well produced no water, no H2S and negligible CO2. Downhole pressures were recorded and their analysis will inform the Company's development scoping plans. A number of downhole and surface samples were collected and will be further analysed in the UK.

The test was carried out with limited equipment owing to the length of the logistics chain and timelines involved in securing such equipment. Rockhopper anticipates that the additional equipment that would be incorporated into any future test, when combined with a more optimal well location, would result in a significantly higher flow rate.

Rockhopper now intends to plug and abandon the well as planned.

Pierre Jungels, Executive Chairman, commented:
"Rockhopper is the first company to successfully flow oil to surface in Falkland Islands waters. The test has provided vital information which will allow us to move forward through appraisal, a key step in proving the reserves discovered.
We believe that Sea Lion is the largest fan sandstone body in the North Falkland Basin and, given this successful flow test, that the Sea Lion discovery will be commercially viable."