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.

18:00hrs HSBC Global Custody Nominees (UK) Ltd 12,910,473 5% Share holding

Well worth a read if you have 5 minutes

http://mastershanusinterps.zxq.net/14104_4interp.htm

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a bit misleading herman as the RNS is just about Des prelim trading results ..... as far as i can see, the only bit of any interest to RKH is as below, and even this is pretty peripheral .....

"The past twelve months have been extremely energetic for Desire Petroleum. We have drilled five wells on prospects and have commissioned 3D seismic over previously uncovered acreage. The geological information gathered from these wells combined with the new seismic data is expected to have a significant impact on the prospect portfolio. It is our belief that the East Flank Play Fairway has a great deal of potential, and it is with this in mind that we are currently drilling the Ninky exploration well."

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obviously i'm very dozy - perhaps comes from just getting off a flight .... shall look again - thanks

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just found it so more thanks .... confess it's all a bit technical for me, so i'll wait for others - especially the market! - to enlighten me

c'mon cynic wakey wakey.,.

go stick your f'ing head back in the sand, or up your arse if your pefer lol

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bit of a yawn, indicates the market (+10/11p)..... it's either right as usual, or it's missed the significance of that rns

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hope so, and i note that sp is currently ticking up ...... give it an hour or two for better indication

sp not very lively at all, bit of a damp squib at mo, was hoping for a nice jump this morning.....will have to settle for cornflakes.,.

14/10-4 Appraisal well - further technical update
Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to provide the following technical update on its Sea Lion Discovery after further interpretation of the results of well 14/10-4:

Porosity in 14/10-4 in the range 15%-27%, average 20%

Net to gross within the pay zone of 88%

Dual packer modular formation dynamic tester (MDT) results indicated well had the potential to flow at 2,700 bbls per day, compared to c.2,000 bbls per day seen in 14/10-2

Management interprets new low case area of 22km2 with stock tank oil initially in place (STOIIP) of 516 mmbbls giving 155 mmbbls recoverable at 30% recovery factor

New seismic depth conversion confirms upper fan full to spill, oil water contact within the upper fan package at 2,477m true vertical depth subsea (TVDSS)

Analysis of MDT results and logging indicates 14/10-2 and 14/10-4 are in communication.

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The latest rns says : that this is commercial, if you read between the lines !, hence the surge.

surge is something of an exaggeration! ..... still, in many ways i prefer to see a steady improvement, as rocket/stick are then less likely

UPDATE 1-Rockhopper raises Sea Lion low case estimate
Rockhopper Exploration Plc

* Says low case estimate of Sea Lion oil is 155 mln barrels (Adds detail, analyst comment)

LONDON, April 4 (Reuters) - British explorer Rockhopper (RKH.L) raised its low case estimate of oil reserves at its Sea Lion discovery in the Falkland Islands, boosting hopes that the remote territory will become a new oil province.

Rockhopper said on Monday at its lowest estimate it believes there are 155 million barrels of recoverable oil in place at Sea Lion and added that the latest appraisal well, 14/10-4, was in connection with its Sea Lion well.

In June, the company gave a low case estimate of 57 million barrels of recoverable oil for its Sea Lion discovery.
The company said in March it expected oil it had found in the Falklands to be commercially viable after an appraisal well it called 14/10-4 found more oil.

"This update should allay concerns over resource estimates of the field which has seen the shares fall away since the 14/10-4 well result was disclosed," said Oriel Securities analyst Richard Rose.

The Sea Lion well is the first oil find in the British-governed Falkland Islands.

The drilling has sparked protests from Argentina, which claims sovereignty over the Islands it calls the Malvinas and which lie 300 miles from its shore.

Shares in Rockhopper closed at 238 pence on Friday, valuing the company at 614.4 million pounds ($984.1 million).

So the lowest estimate is 155 million barrels which works out on those figures about 3.80p a share so we still have a lot of catching up here.