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.

Ah, bummer. Sorry to have scratched that old wound.

I also lost in DES but made some before on the share so no perhaps all square overall on that one.....made some on XEL but still in with what's left at a loss...just has to come back as we get closer to production for that one....Rockhopper could surge to 4 on a very good result over a period of a few days....but who knows....with oil there and the potential surrounding the stock : good one to be in....but not to have 100% of a portfolio just in this.....you have to spread the risk a bit....

I get the feeling that RKH and DES will become one company.....sooner or later...

.

Loss on DES (holding), Break even on FOGL(sold) and enjoying RKH as it starts to acheive its potential (holding). Also content with the steadiness of FKL which can only benefit from the additional industry oil brings to the FI.

By this time next year there could and should be several rigs drilling away down there, so plenty of action to come...

Steady as she goes

or like xel, who we all thought was fool proof and going to the top by xmas....instead is going to hang around 170 when it has been 400p.,.

Looks like Desire will go down from now and the smart money will move back in to RKH could be any time an RNS depending on complication,there weather has been on there side.

http://www.igindex.co.uk/content/files/ukratings_08jun11_igipm.pdf

up she goes,will we see 280+ today

good to see sp heading north for a change, but expect some fairly stern resistance at say 300 unless there is genuine good news beforehand

How is Brazil Cynic? good to see the SP moving we may still have a wait on news.

mid-winter here and today is cloudy but of course still quite warm ..... hotel is typical shit conference type and well out of the centre - very dull, but shall prob go sightseeing today as conference doesn't start until tomorrow

Having trouble pushing past that 2.80p mark,seem to hit it again today only to drop back again.

FCUK THE 2.80 MARK - WHERE IS THE RNS????

gildph i think it maybe a few days away the longer it takes the better in my eyes,this was never going to be a quick flow test they want to tick all the boxes this time.

Its a very tight ship with RKH always has been RNS will come when its ready.

Cheers Marky I agree I just hope it's good news - a lot to make up with this given DES disaster and RRR/XEL off cliff last few months - fingers and toes crossed!

Some crazy stuff being put out on RKH by http://twitter.com/#!/Real_C_Spencer

Is this paranoia or realism about AIM stocks and MM? Hope its not true.

Except about BP watching the flow test.....

See the ADVFN and assess it....

GL all

http://ftalphaville.ft.com/blog/2011/06/21/600951/markets-live/


NH but Merrill are pushing Rockhopper

NH Flow test to establish base-case commerciality

We are adding our BUY rated Rockhopper (PO 515p) to the BofAML Europe
MidCap 1 list of preferred stocks. RKH trades at a 58% discount to our 515p NAV,
the largest discount of all E&Ps under coverage. Market concerns surrounding
commerciality of the SeaLion discovery in the Falklands remain despite the recent successful appraisal well. We believe that positive results from the forthcoming flow test of this appraisal should prove market concerns overdone.

Given indications from prior wells and the thick pay encountered in this well (93m vs 53m at the original find), we firmly believe that sustained flow rates of c.4kboe/d are achievable and could even surprise on the upside.

NH Western flank offers significant upside

A further appraisal well located 4.2km to the west of the initial discovery well will follow these ongoing tests. This will be the first well to test the western extension of the field within managements larger mid-case area for the main fan, as well as targeting the lower fan. At prognosis the upper fan is set to thin out to the west and should be offset by the thickening of the lower fan. Whilst clearly riskier, we believe that the western flank well (worth 60p risked, 183p unrisked) could add an extra 50-60mmboe, and move SeaLions resources towards the 155mmboe level from the 80-100mmboe level currently discounted in the shares.

Southern extension another source of potential volumes

Ongoing 3D seismic studies should enable management to determine a high-case
area for the field including any potential southern extension. Early signs provided by neighbouring operators have already indicated a potential southern extension to the SeaLion field although management have been reluctant to be drawn on it.

Fully processed seismic data from the surveys is set to be completed by July,
followed by detailed interpretation of the results and a formal update to the market a few weeks thereafter.
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