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.

http://www.proactiveinvestors.co.uk/companies/news/25026/rockhopper-explorations-new-sea-lion-well-nears-target-horizons--25026.html


Rockhopper Explorations new Sea Lion well nears target

Friday, January 28, 2011 by Jamie Ashcroft

Rockhopper Exploration (LON:RKH) may report findings from its latest oil exploration well in the Falkland as early as next week, according to research by Evolution Securities.

David Farrell, oil and gas analyst at Evolution, reckons the new Sea Lion well could potentially reach its two target horizons at some stage over the weekend.

Rockhopper spudded the 14/10-3 exploration well 8 kilometres north west of the Sea Lion discovery on 13 January. This new well is testing a previously undrilled northern lobe of the Sea Lion fan system, outside the Sea Lion Discovery Area about 8 kilometres away from the original discovery well.

Looking back at previous drilling rates in the North Falkland Basin suggests that Rockhopper may potentially be reaching the two target horizons of its current 14/10-3 well at some stage this weekend, Farrell said.

This means an update from the company may come as early as next week.

The original Sea Lion well put the north Falkland basin on the map as a credible frontier oil play when it struck oil early in May.

Back then Rockhopper set the discoverys recoverable resource estimate at 242 million barrels (mmbbls) of oil, and it also noted the discoverys significant upside potential". In September flow testing on the Sea Lion well returned a rate of around 2,000 barrels of oil per day (boepd) for approximately 18 hours. The test peaked at 2,304 bopd.

Since then however Desire Petroleums (LON:DES) string of unsuccessful exploration wells have dented what was becoming an increasingly compelling oil boom in the south Atlantic.

Now with investor attention firmly fixed on the only confirmed oil discovery in the new frontier, a successful result from the new Sea Lion well could give the Falklands oil story a breath of fresh air.

Indeed Farrell reckons a positive drilling result could add between 200 and 300 pence to Rockhoppers share price - which currently stands at around 360 pence per share. He highlights that the success of a second well could take the Sea Lion resource to 500 million barrels.

Investing prior to well results is obviously very risky however we value the Sea Lion discovery, at 200 million barrels, at 351 pence suggesting there is some decent downside protection, Farrell said.

The analyst adds: If successful, in addition to the direct benefit to Rockhopper, a 500 million barrel field development becomes a much more attractive proposition to an international oil company (IOC) or national oil company (NOC) and should therefore lessen the commercialisation discount applied to all companies in the Falklands.

It is clear that the weeks and months ahead will be crucial for the AIM-listed firms exploring for oil in the north basin - Rockhopper, Desire Petroleum and Argos Resources (LON:ARG).

Alongside Rockhoppers drilling results, these companies are also likely to get a boost from a widespread seismic exploration programme across all three companies' acreage in the basin.

The results of the two separate seismic programmes, using different vessels, are expected early in spring. Work is already underway on the first programme, which partners Rockhopper and Desire. Argos and Rockhopper are partnered for the other seismic programme.

BY oil Brat on iii........i hear they are coring.......chav?


jambo it is indeed common practise to run 90ft triples for major coring.

Tell you what folks its also common practise to wait til you have HCs. For this coring job there would be some value in taking some of the shale to assess its qualities. But normal standing instructions for coring are:

"At any drilling break (increase in speed of drilling) beyond xxx depth, drill 3ft and circulate bottoms up (cuttings to surface). If HCs detected in the mud or cuttings, geologist will make the decision to core."

I've seen many a coring job and that is standard. If they are coring then expect oil / HCs. If they are coring then expect no definative RNS until Tuesday afternoon at the earliest.

OB.
--------------------------------------------------------------------------------

Please respect FT.com's ts&cs and copyright policy which allow you to: share links; copy content for personal use; & redistribute limited extracts. Email ftsales.support@ft.com to buy additional rights or use this link to reference the article - http://www.ft.com/cms/s/0/3fb2e8e4-2d59-11e0-8f53-00144feab49a.html#ixzz1CewX7CkK
Falklands oil company Rockhopper Exploration, up 0.3 per cent, to 356, was in focus. Traders reckon

Falklands oil company Rockhopper Exploration, up 0.3 per cent, to 356, was in focus. Traders reckon Rockhopper could announce drilling results from 14/10-3 well this week and analysts reckon a discovery could add 200p-300p to the share price.

If successful, a 500mmbbl [million barrel] field development becomes a much more attractive proposition to a major and should therefore lessen the commercialisation discount applied to all companies in the Falklands, said Evolution Securities in a recent note.

I wish graphics and text were kept small......got to scroll back and forward now to read the board...... very boring.

As time aproaches for some news, the share price shows some demand during the last couple days now 11p better to 367p

Balerboy
re >>>I wish graphics and text were kept small......

Something like this >>>>>>>>
       
http://www.falklands-oil.com/
http://www.rockhopperexploration.co.uk
http://www.desireplc.co.uk/index1.html
http://www.argosresources.com/

       Latest press releases from Rockhopper
Rockhopper Exploration ("Rockhopper") (AIM: RKH) is an AIM listed oil and gas exploration company based in the United Kingdom.
Rockhopper has licences to explore for oil and gas in the North Falkland Basin, a basin with two proven petroleum systems and a proven high quality oil source rock.
The company was admitted to AIM in 2005 and has since completed an extensive work programme in the area, including two 2D seismic surveys, a 3D seismic survey, four CSEM lines, site surveys and benthic sampling.
In February 2010, the Ocean Guardian drilling rig arrived in Falklands waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which is the first oil discovery and Contingent Oil Resource in the North Falkland Basin.
With the well on the Sea Lion prospect successfully flow tested during September 2010, the company is fully funded to undertake an extensive exploration and appraisal programme across all of its acreage during 2011.

It's the image in post #4163 which has pushed out the page size.
When the we go to the next page all should revert back to normal size.

Wonderful.,.

I still find the "Latest press releases from Rockhopper" above makes the screen too wide.

you're right Emu ..... this thread is an oddity ..... spank the boys MAM!

http://www.bgs.ac.uk/falklands-oil/images/SeaLionDiscoveryArea.jpg

Pasted and plastered

http://www.bgs.ac.uk/falklands-oil/images/thumbnails/tn_SeaLionDiscoveryArea.jpg

Ah ballcocks someone post the picture.

Ctrl plus = increase.
" minus = decrease.
" Zero= back to original size.
Simples.

Gusher or duster??? Can't be far away from TD now.

I suspect it will be either over the w/e or early next week - in the meantime it is tighter than a tick's bum!

http://sartma.com/art_8399.html

Falklands : Falklands Summary of Executive Council Meeting Held on 27 January 2011

Approval was given to allow amendments to the environmental clauses in the offshore Minerals Ordinance (1994). This amendment will make it mandatory for EIAs and EISs to be undertaken when companies seek approval to drill exploration, appraisal and production wells and conduct Drill Stem Tests offshore.

Talk about politics and Brazil on the side of Argentina and refusing to let a patrol boat getting supplies in Brazil and then this story if true.

http://en.mercopress.com/2011/02/06/brazil-and-uk-ready-to-sign-huge-defence-contract-say-media-reports#comments

Brazil and UK ready to sign huge defence contract, say media reports
Brazil with a defence market described as one of the fastest growing in the world will be signing a defence agreement with the UK which should open the way for a deal worth billions of dollars, according to reports in the Brazilian and UK media

http://www.thesun.co.uk/sol/homepage/news/money/3397803/Homes-firm-Bellway-says-market-is-on-rise.html

FALKLANDS oil explorer ROCKHOPPER was on the move yesterday amid talk of a second discovery in the South Atlantic. Shares climbed 12.87p to 386.87.....i hope so!!!!!