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.

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."

you beat me to it ..... now we need to read it!

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this is the bit we needed to hear .....
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.

i expect there will now be quite a lot of profit-taking which could give a further buying opportunity for those so inclined

Yabadabdadooo......commercial....

3 massive cheers for Marky and though it may not allow him to buy a 200' yacht, or even to retire, it will help his pension fund enormously at the very least ...... i am sure i can say that we are all absolutely delighted for you - and shall look forward to joining you in a sherbet or two!

Is certainly moving ahead now as is at the same time BREAKOUT

money am as usual chart not working propperly so I added another one

Don't sell any guys.....more to come next week as late rns....

Am tempted to trade a few of these, as I agree that the sp will probably fall away a little after the euphoria, but still hasn't reached the top yet!

Dont put the kiss of death on it master rsi :-))

In auction....more to come on monday....

ravey

only a SPINSTER like you will do the propper job and STALK somebody

Go back to advfn and post your rubbish there !

I would like to think that we can go way over 400p.....what with the weekend coming up.....not many people know about this yet....

I was having a nap and woke up to wonderful news.

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."


Not only is it commercial you have one of the most respected people in the business TELL YOU THIS IS THE BIGGEST in the NFB.

Given the potential size of some of the other prospects that to me says he thinks this is possibly over 500 million barrels recoverable in size.

That makes Sea Lion alone potentially worth over 15 pounds a share. Just Sea Lion.

Am I selling ? No way at all, never planned to, as you all know. Holding all my original and now am buying more !

Am making sounds like tarzan at home......

Am making sounds like "Tarzan" at home......

COMMERCIALLY viable and ........ 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.

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There is no post on the past from " ravey " is STAKING again the B@stard

Thanks Prosels and Marky......

Just crossed the 400p as the Order book / leve 2 is 3 times stronger on the bid side

L2 is changing so fast it would be pointless and misleading to actually try
and post it on a thread.

There's AT trades going though almost every second so any posted L2
on a bulletin board is instantly outdated.

Doubt that would stop you posting it again :-))