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.

Another boost for RKH:
CPR confirms Rockhopper prospects
Business Financial Newswire
North Falkland Basin oil and gas explorer Rockhopper Exploration has been boosted by the first Competent Persons Report since its admission to AIM in 2005.

Chairman Pierre Jungels said the CPR, compiled by RPS Energy, 'gives verification of the broad spread of our portfolio'.

He added, 'Not only do we have the first discovery and contingent resource declared in the Falkland Islands area, but also we have over 20 structural oil prospects, eight of which have been independently verified.

'This clearly demonstrates what the directors feel is the highly attractive prospects of Rockhopper.'

More Good news

http://www.oilvoice.com/n/Rockhopper_Exploration_Provides_Exploration_Update/36030e35.aspx

Rockhopper Exploration Provides Exploration Update
Friday, May 22, 2009

Rockhopper Exploration plc, the AIM listed North Falkland Basin oil and gas explorer, provides an update with regard to ongoing activities in its exploration licences.

A new Competent Persons Report compiled by RPS Energy (the CPR), the first update since the time of admission to AIM in 2005, has been received.

CPR and Operating Highlights

CPR now includes eight oil prospects on Rockhopper acreage with a combined prospective resource of (unrisked) 1 billion barrels recoverable
CPR reclassifies a previous exploration well, 14/5-1A, drilled by Shell, as a gas discovery The resultant discovery has been named the Johnson structure and is now classified as a Contingent Resource
CPR confirms the original well report produced by Shell which identifies 165m net gas pay at14/5-1A
Environmental Impact Statements have been submitted to the regulatory authorities for all Rockhopper operated licences
Rig rates are continuing to ease and availability of suitable drilling units is increasing

Contingent Gas Resource

Within the CPR, RPS Energy has classified the Johnson structure, which lies in approximately 500m of water in licence PL032, as a Contingent Gas Resource. This follows extensive re-interpretation by Rockhopper of well 14/5-1A (drilled by Shell in 1998) which encountered significant quantities of gas. Well 14/5-1A is now classified by RPS as a gas discovery. The 3D seismic collected by Rockhopper in 2007 demonstrates a previously unmapped structural closure (Johnson) which is penetrated by well 14/5-1A. In the final well report for 14/5-1A, Shell recognised 165 meters of net pay. These are the first Contingent Resources declared in the Falkland Islands area.

Contingent Gas Resources (recoverable) as identified by RPS Energy within the Johnson structure are:-

Johnson structure - Trillion Cubic Feet (Tcf)
Best Estimate: 1.6
High Estimate: 7.9
Mean Estimate: 3.4

The main remaining contingencies identified in the CPR are further delineating the physical extent of the structure and proving a higher quality reservoir.

Prospective Resources - Oil

In addition to the Contingent Gas Resource, RPS considered eight oil prospects on Rockhopper operated acreage and two on non-Rockhopper operated acreage. Those on Rockhopper operated acreage could contain a total P50 recoverable of 998 million barrels on an unrisked basis. In addition to those eight prospects, Rockhopper has mapped 15 additional prospects which were not considered by RPS as they are unlikely to be targeted in the first round of drilling. However, they do provide scope for significant additional upside in the event of an oil discovery in the basin.

Previous economic studies carried out for Rockhopper by Barrett Petroleum Services in 2004 and by Scott Pickford at the time of the admission to AIM indicate that the North Falkland Basin could be economically viable at oil prices as low as USD 30 per barrel

Source Rock Modelling

The CPR outlines the basis for two proven source rocks in the North Falkland Basin, one mature for oil, the other gas. The oil source is younger and shallower than the gas source.

Basin modelling work in the northern part of the North Falkland Basin confirms that the Lower Cretaceous source rock, which generated the oil recovered in well 14/10-1, is likely to be mature over a larger area than previously thought, extending just north of the northern most boundary of licence PL032. This result suggests that a large area of the Lower Cretaceous oil mature source rock is likely to be present throughout licence PL032.

The source rock generating the gas recovered in well 14/5-1A is older than the Lower Cretaceous source and is believed by Rockhopper to be Jurassic or early Cretaceous.

New basin modelling work in licences PL023 and PL024 indicates a higher probability of mature source rocks than previously thought and results indicate that these source rocks could be mature for oil and gas.

Operational Update

The market for mid-water semi-submersible drilling rigs continues to ease with a number of units now available in the UK North Sea. In addition, day rates for suitable semi-submersible drilling rigs have fallen significantly over the past 12 months.

Environmental Impact Statements have been submitted to the relevant authorities for all Rockhopper operated licences, while site survey work on the Ernest structure indicates no geohazards. Reprocessing of the short offset data on licences PL032 and PL033 for site survey purposes is now complete.

Executive Chairman, Pierre Jungels, commented:
The new RPS Energy CPR gives verification of the broad spread of our portfolio. Not only do we have the first discovery and contingent resource declared in the Falkland Islands area, but also we have over 20 structural oil prospects, 8 of which have been independently verified. This clearly demonstrates what the Directors feel is the highly attractive prospects of Rockhopper.

Johnson is now recognised as a contingent resource while Sea Lion and Ernest are now our foremost oil exploration targets, both with a 23% chance of success, not taking into account the positive CSEM outcome on Ernest, which we believe further improves the chance of success.

http://www.smallcapnews.co.uk/article/Oil_Gas_RoundUp_22_May/7450.aspx

If i was you I'd take the 33% pretty quick, retreating all ready. :))

but as i am me, i wouldn't put money here in the first place .... above rns highlights lots of words like "prospective" and "could" ..... well, you could equally easily do your bollocks here; indeed, that is the more likely

Cynic-- There is most certainly something new in the RNS. That reclassification to a discovery is very significant.

It isn't RKH that did this its RPS, very very different, they trade solely on their reputation... This is all very good news for the NFB.

http://www.express.co.uk/posts/view/102996/Rockhopper-s-Falklands-gas-and-oil-bonanza



Sunday May 24,2009
By Tracey Boles Oil and gas firm Rockhopper Exploration has claimed the first independently verified discovery in the Falkland Islands.


The Aim-listed explorer has reclassified an exploration well drilled by Shell in 1998 as a giant gas discovery.

It could contain up to 8 trillion cubic feet of recoverable gas.
If it turns out to have, say, 3 trillion cubic feet recoverable upon drilling, it would need specialised technology to extract it.


One technology that may be suitable is the floating liquefied natural gas platform being developed by firms such as Shell.

Rockhopper named after the penguins that populate the Falklands is in talks with potential partners who would farm in on the project as it moved towards drilling.


However, the firm is also examining other funding options.


The availability of equipment has always been a sticking point for Falklands resource firms but Rockhopper managing director Sam Moody said he was more optimistic than ever that a drilling rig would become available due to the exploration lull elsewhere in the world.

Independent energy consultancy RPS verified the discovery and also confirmed eight oil prospects that could contain one billion barrels.


Geological surveys show the area may have oil reserves to rival any North Sea field. Five exploration firms including Rockhopper are active in the region.

http://www.rockhopperexploration.co.uk/

22.05.09 Competent Person Report.......well worth a read you will have to downoad it and need Adobe.

despite the surge on friday, the relative performance as shown in the chart below does not lie .....

self-explanatory comparative chart over last 6 months
RKH = dark blue
FOGL = red
PMO = green
TLW = black
HOIL = gold

cant believe no comments from this.....18p 3 days ago, now its almost 33p!!

cos i've been playing golf! ..... certainly a remarkable turn-around, but never be shy to bank at least partial profits, lest the old saying of rockets and sticks comes into play

now almost 36p, doubled in 3 days

yes cynic i went on holiday for 1 week once and came back to find one of my shares trashed..........i been looking at these but never had the guts to buy, not even a small amount

also i remember cairn from years ago and seeing them rocket one day and saying thats it, missed another one..........the shares added about another 29 or 30 pounds, doh.
maybe thats why i hold long term from now on and think that is wise from 2009 onwards as most companies can only get stronger

personally, i still see no good reason to buy and shall be more than happy for the likes of markymar to thumb their noses at me ...... however, to repeat yet again - these guys have not even started drilling yet let alone found anything

price will be massive if they find something......sp will go up though before drilling and they will drill but probably next year

quite so, and that is still a good way off

Marni is clearly right about the renewed excitement surrounding the Falklands' potential - see also the Oilbarrel Newsletter:

Rockhopper Gas Discovery Hints at Falklands Potential

And the long-term view also seems sensible here - unless you like riding a roller-coaster (as I did for a while last year).

Don't forget the trio of companies: RKH, FOGL and DES all operate in the Falklands.

Reckon a long-term hold, and forget about it for a few years, should bring rewards for the grandchildren.

RKH BLUE
DES YELLOW
HOIL RED
PMO DARK GREEN
TLW GREEN

Guess you got it wrong again cynic!!! The jester of moneyam!!!!

Two share i hold Desire Petroleum and Rockhopper

ah yes ... over 4 weeks .... well done!
now try the same exercise over 6 months and 12 months and longer and post accordingly ...... different pic?

cynic, u r the guy that buys short term......very short term as in a few hours!!

give it a rest, u r as bad as a labour mp getting.........i take that back as nothing is as bad as that

i got told off by another person for holding long term too saying its for mugs or words to that affect.

most investment companies tell you to invest for at least 5 years.....anyway i aint going into that as that will open up a can of worms

look at bp......stagnant for over a decade!!! thats what i call a crap company to have......at least with this, shares rise quickly or fall but in long run i think you will break even at least.

also, i go on threads on sime dodgy shares like this to get a feeling.......and you seem to constantly bash these companies......ok its a comment but if 2 or 3 do this i must admit it puts me off putting even a little money to test the water.

the falklands is all that uk has left to pull it out of the sh?t