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.

pth - yes had thought that myself about sea lion - but the likelyhood of that being the only strike / discovery in that area must be extremely remote - if it is however unlikely then yep i believe as a single strike it would not be viable to proceed - but i doubt that will happen but hey ho...

Look at the North sea,it took many years till they hit oil,Its still very early days in the FI and RKH have a golden ticket.

The UK Continental Shelf Act came into force in May 1964. Seismic exploration and the first well followed later that year. It and a second well on the Mid North Sea High were dry, as the Rotliegendes was absent, but BP's Sea Gem rig struck gas in the West Sole field in September 1965.[4] The celebrations were short-lived because the Sea Gem sank with the loss of 13 lives after part of the rig collapsed as it was moved away from the discovery well.[4] Larger gas finds followed in 1966 - Leman Bank, Indefatigable and Hewett, but by 1968 companies had lost interest in further exploration of the British sector, a result of a ban on gas exports and low prices offered by the only buyer, British Gas.[4] West Sole came onstream in May 1967.[4] Licensing regulations for Dutch waters were not finalised until 1967.

The situation was transformed in December 1969, when Phillips Petroleum discovered oil in Chalk of Danian age at Ekofisk, in Norwegian waters in the central North Sea.[4] The same month, Amoco discovered the Montrose field about 217 km (135 miles) east of Aberdeen.[4] BP had been awarded several licences in the area in the second licensing round late in 1965, but had been reluctant to work on them.[4] The discovery of Ekofisk prompted them to drill what turned out to be a dry hole in May 1970, followed by the discovery of the giant Forties oilfield in October 1970.[4] The following year, Shell Expro discovered the giant Brent oilfield in the northern North Sea east of Shetland. Oil production started from the Argyll field (now Ardmore) in June 1975[5] followed by Forties in November of that year

Blimmy is that blue i see!!!!

Even XEL

.

Oil is going ballistic at the moment.......really incredible.....$100 a barrel almost upon us for WTI,.....$112 for Brent....staggering.....

and yet RKH and XEL are in the toilet!

More all at sea I would say.

Alphaville


NH The 14/10-4 appraisal well currently drilling on the Sea Lion structure has a make-or-break feel about it for RKH, and indeed for the Falklands sub-sector as a whole. Following the recent failure of the previous well (14/10-3), which was a relatively high-risk stepout located 8 kilometres from the discovery well, the shares have taken a pounding, down 40% in a month. However success with the current well, which could reach TD within the next couple of weeks, could easily see the P50 case of 170m barrels of recoverable oil being confirmed, with the potential for an upper case of 242m barrels. The former case would confirm our current NAV of 593p/share, whilst the latter would increase this to around 840p/share. On a risk/return basis, I'd still be buying RKH - the sell-off looks overdone.
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Nice bit of sun in the Valley today Marky...could do with some sunshine on the share price too!

Maybe we need a pint in the sunshine at the Angel soon and put the world to rights Chav!!!! feel there is a big dark cloud following around at the moment.

I feel Summer is coming Marky and the Big dark clouds will disappear...pint sounds good.

If this comes good - as I'm sure it will - I'll buy you both a pint!

Well i keep saying this but would be great to all meet up and have a good piss up and get to know some of the faces.

We are at a low with RKH at moment..can I say XEL for a ramp as pro not posted much..next four weeks is make or break for me I cant be more honest i am down between 30 to 40 % on the year so far, I dare not look at my account.

Hope so chav those clogs have lost that click and spark.

You ain't alone Markymar :-(

Marky
Those that have been in from the start are all feeling the pinch. I bought early (37p) but, buoyed by success, topped up later - and that is my problem. Overall this year I'm down 4.8% on my oilies.

Perhaps at a time when we wouldn't water down the beer with tears of anguish we CAN meet up!

avsec, surely you must have taken a load of profit on RKH, if you bought at 37p??? I can't believe you now have an average price over 4.

Harry

I let it ride sadly in a vainglorious attempt for fortune - pure greed!
My RKH average is 212 currently but FOGL and DES did me no favours!

Looks like we have a little bounce today,level 2 is looking good even XEL on the move,just need the sun to shine now.

Biggest holding in my portfolio......with the original discovery and flow test plus cash, : that surely will underpin the sp, even if the deeper sands have nothing to show the existing discovery to my way of thinking should maintain the sp around this level....or am I wrong to think this way ?.

Still foggy this way marky but a small ray of sunshine on the sp :-)