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.

If the well had been a complete failure, then the drop would have been inevitable. Yes I do understand the potential. Read my post in context, Really!!!!!!
Bb, yes I am surprised. DES must be disappointed, even though there is possible light at the end of the tunnel.

As they can't afford to have the rig just hanging around, I feel Des will drill the next well not too far away from the fist bore hole as quick as humanly possible.

I wonder what will happen if the next drilling finds oil and that it is migrated from the Rockhopper well.

That would put the proverbial cat well (no pun intended) among the pigeons.

greekman, there is a likely fault in between Rachel and Sea Lion, so the two are not going to be linked, but in history who knows ?

What this oil show does say is that the mature source rock has been generating lots of oil, and thats good for DES as well as RKH.

Notice the "DES is going to 50p" muppets are all now very quiet across the other BB's

They now nothing about oil or the Falklands and prove themselves to be dumb, stupid and very loud mouthed time after time.

Sad, but then, lots of sad people in this world, sadly.

I t looks like Rockhopper have the oil and poor old Desire have not.

And if DES has struck absolutely nothing, what would you be saying Mr P? Probably, sadly, nothing???

If they move the rig, you'll see perhaps 50p.....way overrated these falkland stocks....

RKH interest in this license is only 7.5%, so DES striking dusters has very little impact on RKH.

However, confirmation of the geological model, lower fans charged with oil etc... does wonders for RKH and derisking their licenses up north, where there is already one large commercial find.

Its all very simple, nothing complicated, just need to do some research. If people had they would not have been posting stupid comments earlier this morning.

The question now is.....

Waste lots of time and move the rig down south and drill Jacinta ?

Give the rig to RKH to appraise Sea Lion with a drill and then bring it back to Rachel ?


I do wonder if now there is a quick chance of one Sea Lion appraisal well being drilled whilst DES get the permission to re-drill Rachel......

It's as if Desire has sunk an appraisal on the edge to find the extent or border of the field (sealion).

Can't believe both rkh and des are rising on this news......if des had hit oil reckon sp would go down.......

RF, they have proven other lower fans are charged with oil

Excellent news for RKH as Sea Lion has 8 stacked fans !!

Think Sea Lion 700 million recoverable barrels........... think 8 stacked fans all charged with oil

Delayed reaction...if des moves the rig it will drop....if it drills another well...sp might move up followed by a few drops over the next month.....becoming boring (get it ?...) a bit this lot....

Long wait until next target depth....good month I would say....anyway today is good news for Rockhopper.....that really is the one to be in....

hows your des short rf.....

Closed at a very small profit....not happy...wanted more....

The price action kind of says that after a few phone calls were made earlier today it seems confidence is high that the next Rachel drill will strike a decent size of oil.......

Now that would be nice.

Info from the initial test of Rockhoppers Sea Lion well.

The data show that the well has 53 metres of net pay distributed in multiple pay zones, the thickest of which has a net pay of 25 metres.Info from the first test of Desires Rachel well.

The data acquired during drilling operations (from logging while drilling tools and geological data from cuttings) indicates that around 25 metres of sand with oil shows was encountered.

Whilst the 25 meters mention is no doubt coincidence, and the Sea Lion show being from a successful wire logging proving the existence of oil, whilst the Rachel result is only a 'show', it just strikes me as odd. If Rockhopprs net play result was 25 meters, could this hint of a connection between the 2.

Any oil techies want to put a slant on this!

One and the same ? Coincidence ?

Is Rachel down dip of Sea Lion ?

Was Rachel the migration path to Sea Lion ?

Lots of possible things.

So this next well if the rig is not moved will be again less risky for RKH but a lot more for DES.....I reckon that they will now get permission to spud and the rig will not move to Jacinta and Desire better pray that they come up with the goods....