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.

because DES is virtually bankrupt and is only good at finding sandpits!

Looks like we both bought at the top this a.m. rf going back now but never mind can onlly get better in a month's time

Now and again you can make a profit on good news for others like this morning......let's not forget that the falklands campaign is in its infancy...years of drilling to come and probably extra acreage for exploration will be up for grabs...

Topped up around the 260p mark......but this is looking like a 350p share once again.....we are not even into one hour of trading here....and the next month should be very rewarding...

Why on earth would anybody want to sell any of this gem is beyond me....apart from a quick spread profit that is...

Only 25p up on a superb result.....nuts....

Down the mine on phone this exceeds expectations in a big way,need to wait for flow test results.....late next week i would think.They have all the kit this time.

Chav.... soon

Are you really in a mine Marky ?....or on a platform ?...

Very disappointing so far...is fifa anything to do with this ?....

FOX DAVIES

Rockhopper (LON:RKH) Exploration (BUY, 5.00) (RKH, 231p, ▲ 14.07%) provided an update on the 14/10-5 appraisal well. The well was drilled 600m north of the 14/10-2 discovery well to a total depth of 2,726m (drilled depth) and was the second appraisal well on the Sea Lion feature. The well was designed to appraise the Sea Lion main fan reservoir and investigate hydrocarbon column and reservoir distribution. The well has been highly successful, proving a very thick, high quality reservoir package and a substantial oil column. The Sea Lion reservoir sands were encountered 22m updip from the 14/10-2 discovery well at a depth of 2,378m (drilled depth). A total reservoir package of 110m (360 feet) comprising one main sand and three thinner sands was encountered with a net to gross of 91% in the main sand and 25-80% in the lower sands. The gross oil column in the main Sea Lion fan is now 125m (410 feet). MDT pressures confirm oil gradients throughout all sands. Wireline logging indicates that reservoir quality is good, with average porosity of greater than 20% and average permeabilities of 100-200mD. 79m (259 feet) of net pay has been encountered in the main fan complex with a net to gross of 91%. 14.5m (47 feet) of pay has been encountered in the lower fan complex with a net to gross of 25-80%. The lower fan was not prognosed to be well developed at this location. 64m (210ft) of conventional core was cut and recovered through the main sand. The Company now intends to test the well. Tests will comprise both mini DST (downhole dual packer MDT) and a fully engineered drill stem test (DST). The Company intends to perform mini DST tests on both the upper and lower fans and to perform the fully engineered DST on the upper fan only. Testing operations are anticipated to take approximately a month and a further announcement will be issued once all testing operations have been completed. Following completion of all testing operations, Rockhopper intends to drill a further appraisal well on Sea Lion located some 4.2km to the west of the 14/10-2 discovery well. This well will be located outside the Company's "low case" area and within the Company's "mid case" area for the main fan and is also intended to penetrate the lower fan in what the Company believes will prove a more optimal location.

investors are rightly wary of reports coming from FI after recent misleading info etc ...... further, unless someone knowledgeable can advise differently, even this latest rns is only an indication of good things to come rather than anything absolutely definite

Cynic RKH are doing a full health check on sea lion this time,they have all the correct equipment in place this time around.

Last time the equipment they had was limited as the Argies impounded the boat with all the gear on it.

Things do go tits up and have done many times before hopefully this time the next few RNS will Rocket this SP back up to new highs

Not sure on news time frame with so many tests been performed, its looking like its going to be a monster.

Don't start saying 20 soon marky....keep feet on floor.,.

marky - i think you're right; rkh is "pack leader" and i'm sure the management will be very conscious of earlier inaccurate reports ..... i currently hold just my "norm" at cost price, but just possibly will buy a few more as the price (probably) drifts back following the initial excitement

Just glad its up,not sure if the price will drift Cynic the news today is quiet mind blowing the share is still undervalued in my eyes on the 155 mill barrels they say they have.


125 meters wow!!! any thing over 35 meters i would of been happy with so looking forward to flow test full results.

Need some numbers to crunch,Clogs on clip clop clip clop Balerboy

A few brokers notes

Oriel Securities Richard Rose said: This is a highly encouraging result, with net pay in the main fan being significantly greater than that found in the discovery well. Rose values Rockhopper at 560 pence a share, based on 240 million barrels of oil. But he stressed that it could even be worth 740 pence a share, if oil prices stay around US$100 a barrel in the long run

Evos analyst values the stock at 409 pence a share, which is based on a 200 million barrel recoverable resource, but stressed that the shares could be worth 671 pence each (referring to his core + risked valuation).

if i have read L2 correctly, and i'm certain i have, then an "ordinary" buy of 661,420 just went through at 260

I saw that number go through @260.10

Also 519,329 at the same amount!

cynic how are you getting on building those spaceships in your garage?

it's a niche market but shall soon be needing larger premises :-))