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.

218P need news soon or sub 200p

No seller there so far today,hoping we have hit the bottom 429 buys v 89 sells

Additional Drilling Slots & Seismic Programme Update
Rockhopper Exploration plc announces that it has entered into an assignment agreement to secure three firm additional well slots on the Ocean Guardian drilling rig. Rockhopper intends to utilise these three well slots after Desire Petroleum plc completes drilling operations on its next well, which follows the appraisal well currently being drilled by Rockhopper.

Rockhopper further announces that the acquisition of new 3D seismic data to the south of the Sea Lion discovery well, on licence PL032, has been completed and the Company intends to fast track the processing of this data. It is anticipated that the resulting processed data will become available to the Company during July 2011. The wider seismic acquisition programme, over areas of licences PL024, PL032 and PL033 and adjacent areas, is ongoing.

Sam Moody, Chief Executive of Rockhopper, commented,
"The additional rig slots will see Rockhopper continuing an exciting and considerable work programme in the North Falkland Basin this year. Our understanding of the basin has advanced following the Sea Lion discovery, and will be further enhanced by our current appraisal operations, together with new seismic data. This information will be valuable in identifying our forward drilling programme."

Plenty of action to come,flow testing in May!!!

Pro is talking nonsense that they will side track and flow test in April, i think he makes it up as he goes along!!!! RKH announced that the full suite of well test equipment will be available in the Falklands during May, so they have the options described and they can run a fully engineered well test when that equipment is in place.Not untill that equipment is in place.

When they say an appraisal well, do they mean an appraisal of the existing discovery, because won't the deeper sands be a discovery if there is oil there ? and if it's an appraisal...don't they have testing equipment ready...in that case it's not appraisal...it's a part exploration well.....and what's this sidetrack that Pro's on about ? where the hell has that come from.....this is all very confusing....

RF this is appraisal well which they are drilling on Sea Lion, tests will be carried out before they plug and abandon, but no flow test will be carried out on this well until well test equipment will be available in the Falklands during May.

Pro is telling porkys and misleading people, best advice is email RKH they will tell you when the equipment will be availableMAY.RKH will have the rig back by then and flow test then if successful.

So we could have a rns stating that oil has been found in the existing discovered sands but none in the deeper section, or both have been found to be oil bearing or and I dare not think about the outcome if no oil is found at all in any sands.....

Guess we will find out in the next 10 days RF.

14p up....come on the Rock

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Oil & Gas Corporate News

Rockhopper (LON:RKH) Exploration (BUY, 5.00) (RKH, 222p, ▲ (3.98%)) has entered into an assignment agreement to secure three firm additional well slots on the Ocean Guardian drilling rig. Rockhopper intends to utilise these three well slots after Desire Petroleum plc completes drilling operations on its next well, which follows the appraisal well currently being drilled by Rockhopper. Rockhopper further announces that the acquisition of new 3D seismic data to the south of the Sea Lion discovery well, on licence PL032, has been completed and the Company intends to fast track the processing of this data. It is anticipated that the resulting processed data will become available to the Company during July 2011. The wider seismic acquisition programme, over areas of licences PL024, PL032 and PL033 and adjacent areas, is ongoing.

Falkland Oil & Gas (BUY, 2.50) (FOGL, 77.25p, ▼ (1.58%)) published final results for the twelve months ended 31 December 2010. After an unsuccessful first exploration well in 2010, the focus now is on securing a suitable deep water rig to enable us to drill the large prospects we have identified in the deep water areas of our licences. Rig contract negotiations are at an advanced stage and we will make a further announcement when appropriate. Meanwhile, the Company has commenced further work in order to broaden the range of potential targets for the deep water drilling programme.

Picked up a few more this morning.....you talk about sheep jumping off a cliff....but have to say that the japs should never have built on flood plains with risks of tsunamis.....and their use of nuclear power will have to be reviewed....should be more earthquake resistant than it is...

The 67,598 block has been sold at long last ....207.5

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mnamreh ..it certainly had been, on both sides of the book, but was sold this morning at 2.0750

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I am overweight on this.....oh god.....hope I and others don't get our fingers burnt here....

rf I know what you mean. The upside is good but I don't want to look at the downside. If the results are bad we are going to hit 100p easily and so I want to be ready.

Rf, so long as you can afford to take the anticipated loss on the chin and are not trading on margin, you should be o.k. But you need to be aware of the potential loss. No point in burying your head in the sand. Having said that, lets hope the news is good.

I have a small margin trade running .....on the margin front, I can take a loss, ....but with the shares ...really I have bought too many for the size of my portfolio....sp rising as we speak...

This latest well is so close to the original strike that a sidetrack to my way of thinking should be possible if they wanted to do that to tap into the original sands or rocks where oil was discovered,.....this why I have loaded up on this : it is possible nowadays to turn the drill head in all sorts of directions.....I'm surprised that people are not piling into this : just 2.3km...that is one and a quarter miles away....this has to rise if the company took that option !.