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.

Look at this way marky, the world and his dog in the media has now said RKH only has 170m barrels, so its all "new" news again when it gets upgraded after seismic and appraisal drilling.

The boat just contracted has just been delivered, its brand new and state of the art. The imaging they will get this time should be superb and far better than anything they have so far.

This means better definition and also, I would suspect, upgrades based purely on the seismic work are possible on their own, let alone the appraisal drilling.

It's like ramping a motorcycle stunt.....it goes up and then...crash....

Ok...ok....I'll admit it....back in....and will be patient until the next spud.....

http://en.mercopress.com/2010/10/22/two-falklands-exploration-companies-to-begin-3d-seismic-surveying-in-january

China and India - all you need to think about in terms of the global oil price.


http://www.oilvoice.com/n/Fuelling_The_Dragon_China39s_Growing_Appetite_For_Oil/196f00ae3.aspx

Fuelling The Dragon - China's Growing Appetite For Oil

Friday, October 22, 2010

As one of the world's fastest growing nations, China needs energy to fuel its expansion onto the world stage. After all, it has bona fide plans of becoming a global economic power over the next few years. In light of this, the continued rise of the Asian nation remains pivotal to global oil demand. China may continue to sit behind the gas guzzling US at current, as the world's second largest consumer of oil, but it is certainly playing catch-up.

Indeed, China's oil consumption is growing by 7.5% on a yearly basis and an incredible seven times faster than the US. And this trend is showing no signs of slowing: Chinese crude oil import rose to a record high last month. According to Chinese trade data, 5.683 million barrels per day (bpd) of crude were imported in September alone. This strong Chinese demand is setting 2010 up to become the second strongest year for global oil demand growth over the past 30 years, according to Barclays Capital forecasts.

A spike in the price of crude is bound to come as demand increases.

excellent and somewhat sobering long article in ST on whole FI scenario

cynic, but it is written by someone who was apparently with the "oil will never be found" crowd, and that crowd has been very very spectacularly wrong by the Sea Lion find.

You will notice that the article lightly breezes over RKH and says it could be on to very big things and concentrates on FOGL and DES really.

Hypocrisy is everywhere.

You will notice the people that slate relative shallow oil, offshore, British Territorial waters, Falklands..............

Are the same people who get all excited and hype up DEEP water, offshore, GAS, in AFRICA that has NO INFRASTRUCTURE.

Pure hypocrisy, but they only pump where they or their friends have their money, and for many a banker that is presently Africa.

hypocritical it isn't; it's someone with a pretty sober view who tells it like it is, that happens to be at variance with what you and many others like to imagine ...... you don't have to agree with that view any more than anyone has to wear rose-tinted specs

Steady on...offshore Tanzania they have discoverd trillions of cubic feet of top notch quality gas !.

pro's got most of that quota......

http://www.ukcitymedia.co.uk/news/fullstory.php?id=1065

In Brokers Views, Ashmore is rated a hold by Numis Securities and a buy by Evolution Securities while Rockhopper Exploration is seen as neutral by Mirabaud and a buy by Evolution Securities. Investors Chronicle believes that Rockhopper is good value.

Mirror "we are ramping Kurdistan" Board - LOL

Gas....... Yes - GAS.

Only gas and no infrastructure and all the political uncertainty of Africa. Gas ain't worth a crap compared to what oil is worth.........

i believe today's sp for rkh is good value - pleased to buy today - loads of upside here - lots happening - but will also require patience for the best imo

From the ft.com

SMALL CAPS:Market report

Falklands explorer Desire Petroleum was marked 13.2 per cent lower at 71p following negative weekend press comment and concerns about the sidetrack well that the company is drilling at its Rachel prospect.

Rockhopper Exploration, which has a small stake in the Rachel well, fell 6.2 per cent to 310p, leaving its shares below the 315p issue price at which it recently raised 206m via a cash call.

Looks like DES will announce a duster later today or very soon, so some mad people have been selling out of RKH below the placing price, they must be mad.......

i am now out of these even though it meant taking a bit of a knock ..... if DES beats the odds, then i shall be delighted especially for Marky

Graph looks terrible here....

Not 300p yet ?