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.

Greek,
My take on it is the waxing on the riser was acting
as a choke, restricting the flow. I can"t recall a
static head of pressure (at the wellhead) mentioned with no flow.

Thanks Tyketto, obliged.

The Company is continuing to evaluate the information acquired during its successful drilling and testing of the Sea Lion prospect, in order to plan the next phase in proving the reserves discovered, as well as participating in a number of wells on licences PL003 and PL004 (Rockhopper: 7.5% working interest), which are operated by Desire Petroleum.

More of the same below with an interesting final comment

Rockhopper plans next move after Sea Lion 1
Date: Monday 27 Sep 2010

LONDON (ShareCast) - North Falkland Basin oil and gas explorer Rockhopper confirmed today it has plugged and abandoned the Sea Lion 1 well while it pores over the drill and test results.

Sea Lion 1, the first oil discovery in the area, said it now has to look at the data and plan the next phase in proving the reserves discovered.

It is also participating in a number of wells on Desire Petroleum-operated licences PL003 and PL004 in which it has a 7.5% working interest.

The 1bn company, which only floated on AIM five years ago, said last week that flow tests on Sea Lion 1 might have been twice the 2,000 barrels a day recorded had it not been for a technical glitch.

Analysts at broker Westhouse arent too worried though. They think theres nothing in the results which cannot be mitigated by engineering solutions, albeit at additional cost.

delete

Got a few more at 4.77.....am a happy chappy thanks to Argos

markymar

Maybe you are not alone on buying a few more, but the spikes down is because is ( short term going down ) called it profit taking, call it retracement but is a trend.....


From another RKH thread, but guest who it is, all start with ........P


Pro_S2009 - 27 Sep'10 - 08:41 - 10152 of 10164

Thats why fully paid for stock is so relaxing :)

I care not where the price goes, but if it gets cheap I buy more :) !!

It was cheap at 491p and 494p for some last Friday, but today it was cheaper.

I can see 465 / 470p as a good support at the moment but if it breaks down, it could well go well down

Might drop by 20p......just guesswork as to which way it will go....

On a knife's edge as to whether it will hold at this level or 450p could be the bottom...I doubt if it would go below that....but who knows ?....

looks like profit taking, today's news not particularly stimulating, could go lower.

This looks very dangerous now... 478p now.

It was always likely after the latest big rises that there would be an element of profit taking and that is what we have here. Just where the price will stabilise is anyone's guess but I hope it is not way down at the 325 level! Whether rf is correct in the 450 bottom - that would be Ok and possibly a good time to top up with a few more.
Now just got to wait for DES to report on the results of its drilling operations.
TT

They haven't spudded yet....

Anthing more than this...and big buyers could step in .....all the way down from 540p to now 473p....quite a drop...

Decided to go long again....perhaps not the best timing...but we shall see....

also long a few @ 473

DES's well has been spudded.....might lift the stocks a little....tomorrow...

I do not see any post of last Friday buyers and this morning ones?

Have they been cought with the trousers down? ( I mean share price down ).

Maybe they do not know about retracement, after a sharp rise, and those things do not happen over a day or two but a bit longer.

Tried to buy just before the close but it failed and I was told the market was closed. The office internet connection was too slow!
Having seen that the DOW is up now then I've probably missed the boat.
Oh well, will just have to wait and see.