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.

14/10-4 Appraisal Well Spud
Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-4 appraisal well was spudded at 0040hrs GMT on 19 February 2011. 14/10-4 is the first appraisal well to be drilled on the Sea Lion feature situated on Licence PL032, which is 100% owned and operated by Rockhopper.

The appraisal well (14/10-4) is located 2.3km away from the Sea Lion 14/10-2 discovery well, in the southern lobe of the Sea Lion fan system. 14/10-4 is designed to investigate reservoir and hydrocarbon columns downdip of the Sea Lion 14/10-2 discovery well. The planned Target Depth of circa 3,000 metres will investigate the possibility of deeper sands than those encountered in the Sea Lion discovery well.

Drilling operations are expected to take approximately 38 days and a further announcement will be made once drilling is completed.

Surprised at the lack of interest.....the sp could double here in a very short space of time......plus, better fill up at the pumps...oil is soaring....

Down......would you believe it ?.....

I saw the RNS and the prices were up a bit in early trades. Leave my desk for 20 minutes and down she goes. This sluggishness is getting annoying now. Was hoping for a bit more strength as she tries to prove the size of the field.

Is it possible, you're all barking up the wrong tree?

What's the right tree ?

Thought i was getting a bargin when re topping up at 2.82p......thats shares for you!!!!!

I see there is a buy just gone through for 140,000 shares at 9.39am.

http://www.proactiveinvestors.co.uk/companies/news/25723/rockhopper-exploration-spuds-sea-lion-appraisal-well-25723.html

It about sums this up


However efforts to build on this initial oil discovery have resulted in something of a riddle for the companies as well as top analysts in the Square Mile.

Despite a lengthy exploration programme that has followed only the original Sea Lion well has provided any concrete results. Both Rockhopper and Desire have had a number of complex well results that whilst not abject failures, have certainly disappointed investors.

Most recently the 14/10-3 well, which was drilled to 2,830 metres, 8 kilometres away from the Sea Lion discovery well, hit four separate reservoir sections, oil and gas shows were detected throughout drilling and live oil was recovered to surface. However on further testing three of the four reservoirs were found to have high water saturation (above 90 percent).
Meanwhile in the remaining reservoir Rockhopper has recovered samples via a mini drill stem test (DST) - with 20 percent live oil, which is indicated to be medium gravity. This reservoir, referred to as Sand 3, had 64 percent water saturation.
Although Rockhopper described the results as encouraging they clearly fell short of expectations. As each well comes and goes it seems that Rockhopper and Desire have been finding more questions than answers.

Rockhopper, and its investors, will be hoping that the Sea Lion appraisal results can re-ignite some confidence in this enigmatic oil frontier.

so much for pro's 20/share...........will be lucky if we get back to 5.....imo

You got to laugh at that!!!!!!


Repsol-YPF contract UK flagged vessels for Malvinas basin exploration
Repsol-YPF planned exploration for hydrocarbons in the Malvinas basin, off Tierra del Fuego has suffered a major public relations setback following on the Buenos Aires press revelation that the two vessels contracted for the job not only are UK flagged but also have links with the current oil exploration round in Falkland Islands waters.

http://en.mercopress.com/2011/02/21/repsol-ypf-contract-uk-flagged-vessels-for-malvinas-basin-exploration?utm_source=feed&utm_medium=rss&utm_content=argentina&utm_campaign=rss

If you read the chat at the end of the artical is funny with the Brits haveing a crack at the Argies.

Well I have sold other stocks today and have just re topped up on RKH whether its stupidity or greed..guess in 30 days I will know if it was good or bad decision.

Amazing that we all thought that fair value was c300p! Currently 235p and I am tempted to top up also, just for the bounce when they reach TD. I wonder though if the original expectations of recoverable oil are now starting to disappoint?

I can't quite believe the level it's got to......a discovery is a discovery and tested....but the market doesn't seem to be taking that in....

LOL - time to buy me thinks
US open now dudes and nice low sp!!
yeeeeeeeehaaaaaaaaaaaaaaa

I'm way overweight on this stock now......crumbs !......if this does not hit oil of some kind...ouch !....incredibly this latest well is only just over a mile from the main discovery and the markets drops the sp like a stone......

Who on earth is selling this ?......they must be at a bad loss.....ridiculous.....

The sellers could be all those who bought under 100p and are seeing their gains being whittled away but still have good profts to bank. Remember of course that it is never wrong to take a profit. The only trouble with closing out positions right now is that there could be a massive spike when the results are known. The big question is what will the falls be like is the results of this well are poor. I don't want to think about that scenario!
TT

I am also overweight with this stock at present,i have done my sums and it should be sitting around the 3.50 mark with a 170 mill barrels of oil found.

I see John Dodd's Artemis Global Energy fund had a little write up on city wire yesterday saying that"Long term Dodd favourites Salamander Energy and Falklands based Rockhopper Exploration also make it into the portfolio, as does Shrewdie pick Tullow Oil and North Sea oil firm Premier Oil."

Guess time is the answer....



XEL is another been hit hard with CPR due any time.

Not pleasant looking at my portfolio at present time

Not pleasant - it's a nightmare - 10s of 1000's shredded away in a matter of week when though RKH and XEL would be rocketing by now!