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.

It will be at least 2 years...the back end of 2012 at the very earliest...it's the south atlantic for pete's sake.....they haven't even planned the next appraisal well yet.....so perhaps 2.5 to 3 years away.....

14 days is long enough!!!( DES results in that time - Seems like eons away!)

EONS = The European Oncology Nursing Society! ..... in this country we use aeons from the Greek ..... ignorant Amis know no better as usual!

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Eon is acceptable & comprehensible when used as a word rather than an acronym, even in the UK, hence written in lower case, but criticism accepted! ;o)

i am a dinosaur who resents (almost detests) americanised spelling ...... we are all getting brainwashed by the dreaded embedded "spellcheck" from microsoft

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Eon is an energy provider, Aon is risk management

.....and aeon is forever!

Russian bank opens markets in AIM shares
Nick Foulkes
08.10.10

http://www.thisislondon.co.uk/standard-business/article-23885990-russian-bank-opens-markets-in-aim-shares.do

Renaissance Capital, the Russian investment bank, started making markets in AIM shares today.

Renaissance has recruited a team of market makers from Canaccord led by Robert Towers and Christopher Brown who took a sizeable chunk of the AIM market at their previous employer.

They began making markets in 50 stocks today, including London Mining, Petra Diamonds, Rockhopper Exploration, Falkland Oil & Gas and Ithaca Energy.

Eventually the team plans to build the number of stocks in which it makes markets to 300.

Renaissance, with its background in Russia and the former Soviet states, has already built a strong corporate finance business in mining, metals and resources.

It advised on the biggest AIM deal last year ENRC's 584 million takeover of the Central African Mining & Exploration Company.

Towers said: Mining and oil and gas companies have shown tremendous growth since the end of the financial crisis, and we expect a flurry of corporate and financial activity in the sector over the next couple of years, particularly among smaller growth stock listed on AIM.

We believe in Renaissance's entrepreneurial culture and our ability to grow this business to new levels in the next year.

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The gap up has been filled already and so its pretty well poised at the moment "waiting for news".

Should be no real downward pressure, just "bored" short term holders selling or those scared of having so much paper profit selling some, being taken up by willing buyers..... :)



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CANA upgrade

Rockhopper Exploration plc (RKH : AIM): Taming the Sea Lion -- BUY, raising target price 641p

Rockhopper Exploration plc
RKH : AIM : 440p | 847.0M | Buy, 641p ↑

Taming the Sea Lion -- BUY, raising target price 641p

Richard Slape, 44.20.7050.6643


Successful test of 14/10-2 ...

In mid-September, Rockhopper Exploration said it had successfully tested the Sea Lion discovery well, designated 14/10-2, offshore the Falkland Islands. The well flowed for 18 hours and reached a peak rate of 2,304 b/d. Perhaps more importantly, the group confirmed that "sustained rates in excess of 2,000 b/d" were achieved despite the test being undertaken with limited equipment.
This meant that there was waxing of the tubing and the viscosity of the oil increased as it cooled in the upper part of the test string. In addition, a subsequent announcement by Rockhopper revealed that two of the four perforating guns had failed to fire. Had it not been for these issues, the company estimates 14/10-2 could have flowed approximately 4,000 b/d.

...paves the way for much more drilling in 2011...

After plugging and abandoning 14/10-2, Rockhopper released the Ocean Guardian to Desire Petroleum, which will use it to drill three or four wells over the next few months. However, as Rockhopper seeks to better define the size of Sea Lion and to establish fully the field's commercial credentials, we expect it will be keen to make more use of the drilling rig. Indeed, its 2011 work programme is likely to include several appraisal wells, further exploration wells and the acquisition of additional 3D seismic data.

...and prompts us to raise our price target

The Sea Lion test results provide an encouraging indication of the productive potential of the field. Furthermore, Rockhopper has said that it believes significantly higher flow rates could be achieved from horizontal production wells in more optimal locations. Overall, then, we would contend that the undoubted risks associated with Sea Lion have diminished somewhat. This being the case, we are upgrading our price target for Rockhopper from 490p/share to 641p/share.

Pro whats the date on that?

1st week October ;)

RKH have almost a win..win..situation with DES's well....if Desire hit the jackpot....RKH will go up as well....if not ....should only present people with a buying situation....

Another benefit of building the port in the Falklands (as per news reports) is that there is no longer any need whatsoever for Argentinean influence.

The Argies last year put a blockade in place about using Argentinean ports if dealing with the Falklands - this little game will backfire badly if the Falklands build their own port now.

This point has not been lost on the Argies who appear to be rather scared of this new development...... :) LOL

Poor little Argies seem most upset by this new port news....... :) hahaha


http://translate.google.com/translate?hl=en&sl=es&u=http://www.clarin.com/politica/Malvinas-kelpers-construiran-industria-petrolera_0_350365083.html&ei=CyuwTK29AoqgvgORhvSDBQ&sa=X&oi=translate&ct=result&resnum=10&ved=0CEAQ7gEwCTgK&prev=/search%3Fq%3Drockhopper%252Bfalklands%26start%3D10%26hl%3Den%26lr%3D%26safe%3Doff%26sa%3DN%26tbs%3Dqdr:d%26prmd%3Divn

Malvinas: the kelpers build a port for oil industry

09/10/10 Seren la isla Soledad. 09.10.1910 will be in the Falkland. Abastecerla producci en el Atltico sur. Will supply production in the South Atlantic. ...............

The Sun

Argie Fishticuffs



AN Argentinian warship has confronted a Falklands trawler as tensions over the islands escalate.
The crew were accused of fishing illegally, despite being 3.5 miles INSIDE Falklands waters.

The two boats became locked in a menacing stand-off on Thursday - the first confrontation of its kind for FOUR years. The belligerent Argentinians demanded to know details of the Port Stanley vessel - the FV Venturer - and radioed its crew.

The warship stayed just on the edge of Argentinian waters and eventually the Venturer moved away to avoid a bigger clash.

Falklands officials last night said they were "concerned" about the hostile encounter which comes amid rows over the islands' fishing stocks and oil reserves.

John Barton, Falklands head of natural resources, said: "It's a concern, it's a nuisance and it's unsettling for the fishing vessel.

"We used to have a good relationship with the Argentinians on fishing conservation. This is the first incident I can remember for quite some time."

One member of the fishing crew said: "It just the Argentinians being the Argentinians - and harassing us." In 2006 Argentina arrested the John Cheek trawler and took it back to South America to pay a huge fine.

Just two weeks ago the country's president Cristina Kirchner slammed the UK over a huge oil exploration campaign under the Falklands' coastal waters.

Tests have shown there could be 700 million barrels of crude there worth around 3BILLION.

would be nice to be able to substitute "are" for "could"!

Throught Twitter.....well thats made my sunday what a giggle........


Argentina protests UK Falklands military exercise

Sat Oct 9, 2010 11:00pm GMT

BUENOS AIRES (Reuters) - Argentina protested to Britain on Saturday over a plan to carry out military tests in the Falkland Islands, stoking tensions that have increased over oil exploration in the disputed archipelago.
Deputy Foreign Minister Alberto D'Alotto said a letter of protest had been sent to the British ambassador in Buenos Aires over the exercises, which he said would involve firing missiles. He gave no further details.

"The Argentine government expresses its formal and energetic protest to this planned military exercise and demands the British government refrain from carrying it out," D'Alotto said, reading from the letter.

He said the plan, which Britain informed Argentina about last week, was "an unacceptable provocation."

President Cristina Fernandez condemned the plan via her Twitter account, saying it represented "a militarization of the South Atlantic."

Nearly 30 years after the two countries fought a war over control of the British-ruled islands, tensions have increased this year because Argentina is angry British firms are searching for oil and gas in the seas around them.

In 1982, Britain sent a naval force and thousands of troops to reclaim the islands after Argentine forces occupied them. About 650 Argentine and 255 British troops died in the 10-week conflict.

Britain has a permanent military presence on the islands, called Las Malvinas in Argentina, and maintains a force of 1,076 troops and four ships in the region.

(Reporting by Magdalena Morales and Helen Popper; editing by Todd Eastham)

Having been in the Dependency to watch them come ashore last time - and played an active part in sending them home again - I wish that the Argentines would learn that sabre rattling is a complete waste of time - and satisfies only a domestic audience.

To claim that a British military presence in the Falklands is 'militarization of the South Atlantic' is ludicrous. They were the last nation to establish a military base in the South Atlantic - on the British island of Southern Thule which is well outside the Antarctic Treaty area and quite rightly they were thrown out of there as well.
They continue to breach the Antarctic Treaty by having military bases in Antarctica - specifically forbidden.

.....rant over! Rock on RKH