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.

Well this is what I have been waiting for as fully loaded and we have 2 drills back to back the first is an exploration well which is a new target with a 4 in 1 chance of success and the next one is an appraisal well on Sea Lion.

The new well is located to the North of the discovery well and will test the northern lobe of the Sea Lion fan complex which looks, from seismic mapping, to be fed from a different sediments source. We understand the seismic attributes are similar to that at the discovery well location, hence limiting the risk although the 8km distance is a large outstep from that data point and reservoir/seal risk is far from negligible.



Both these wells could see the share price rocket I would like to think the bottom line here is 3 as they are all ready sitting on a minimum of 160 mill barrels. Lets hope they have more luck than Desire.

J P Morgan broker note:
"Rockhopper has spudded the next well on its PL032 licence in the North Falkland Basin, with the 14/10-3 well located 8 kilometres west of the Sea Lion discovery. The well, located outside the Sea Lion Discovery Area, will appraise the northern lobe of the Sea Lion structure, hence it should not be considered quite as high risk as a pure exploration well Id imagine the chance of success is around 1 in 2 to 1 in 3. Difficult to say what a successful well would do to reserves estimates on the overall Sea Lion structure although with a current P10 case of over 600 million barrels of oil against a P50 case of around 170 million barrels there is clearly enormous upside.
The well should take around 5 weeks to drill and will be followed by 14/10-4, designed to test the southerly extension of the field. Interestingly, if the southerly extension is successful, the structure could extend about 1 kilometre into Desire Petroleums acreage in the adjacent licence. Following the two wells, the Ocean Guardian rig will probably revert to Desire for its final well. Thereafter RKH has signed up the rig for three firm wells and five contingent, designed to appraise Sea Lion and test further exploration prospects, so it will be a busy year for the group. Our current NAV on RKH is 494p/share, although this could be deemed conservative as it assumes only the base case reserves estimate of 170 million barrels and a long-term oil price of $70/barrel. On the basis of a successful P10 case, this valuation would likely more han treble. RKH remains the best way to play the Falklands exploration province.

Although not currently invested in RKH, I will continue to use this thread in the unlikely event I have anything to offer (apart from abusing BB).

I'll leave that prick pros to talk to himself, which he will have no trouble doing with his alternative aliases!

Thanks pt makes me feel wanted:(( lol

Pro is a proper child chucking his dummy out of the pram he has now reverted to copying off this thread to put on his own.

Get the kleenex box out for him!!!

i think his is a talk to yourself thread.,.

I wouldn't worry about that idiot Proselenes, Markymar.

You've created a good thread here with a well set out header which includes links and charts, and you're prepared to listen to and accept opposing views even if you don't agree with them. That's exactly how a thread should be set out, and you should be proud of what you've created. I hope it's a lesson to others.

Thank you for that Hilray and others, no doubt next thread he will start will be Desire Petroleum.

Brokers round ups

Polarcus Nadia 50 degrees 16.7' S and 58 degrees 55.2' W.....looks like Alpha the current target.

cheers chav.....to windy for the kite tom

is it my imagination or has Mr P written all but 2/3 of the 22 posts "his" thread? ..... what an ass!

marky - if RKH flies once more, for goodness sake learn the lesson from before!

YES DAD!!

he is a tiiit Cynic first class,Yes Sir!!!!

TTT

Slide 11 and zoom in

http://www.polarcus.com/assets/0000/1209/Polarcus_Company_Presentation_SEB_12_Jan.pdf

I would think Weddell would be shot more N/S-S/N than W/E-E/W.
Does it take in LC's wife Chav.

DES/RKH seismic ship is working around Alpha at the moment so i was told Guns, chav did post some CO up

Polarcus Nadia 50 degrees 16.7' S and 58 degrees 55.2' W.....looks like Alpha the current target