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.

NEWS on 3D to come also an update on CPR report as size of field within a month just in case your thinking os selling.

Great news from the Falklands !.

Desire up more ........

Sequestor,

Same on another site. Prices only just clicked up correct re bid/ask. Probably the computer system in the stock exchange got as exited as we did, and could not keep up.

not so exciting greekman, troublre with these AIM stocks is how much good news ha been built into the prce already, and how much through leaks over the waiting for news.

Not exactly a bonanza this morning, and what bit there is is fading fast.

strange ..... price has dropped back to about 290 with seemingly a lot of stock on offer

not going to make 300p...dropping back now.

Very poor Sp for such good news i will go and finish the kids pack lunch.....

I gotta make hay......sunshine!!

at least it was scarcely bad news which makes a change!

Stick with it - I'm not baling out. Reckon the sp has a long way to go yet but don't expect it all to happen overnight

Fox Davies note

Rockhopper Exploration (LON:RKH, 274.5p, ▲ 2.91%) provided an update on the flow test carried out at well 14/10-5: Well flowed at commercially viable rates; Well flowed at stabilised rates of 5508 stb/d; and the well achieved a maximum stabilised flow rate of 9036 stb/d. A total section of 86m, incorporating 79m of reservoir, was perforated between 2379m and 2465m (md) over the Sea Lion Main Fan Complex. No lower fan sands were perforated on this flow test. The well flowed for a main 48 hour flow period at a stabilised rate of 5508 stb/d and 940 mscf/d of gas with a flowing well head pressure (WHP) of 783 psi on a 48/64 inch choke. It was not necessary to use any wax inhibitors or pour point suppressants and no water or H2S were produced d uring the test. Downhole mini DSTs (Drill Stem Test) were also performed on two of the three sands making up the 14m of net pay encountered in the well, which form part of the lower fan. These 2 sands had net pay of 8m and 4.5m. Interpretation of the results of the mini DST indicate that these 2 sands could have contributed an additional 800 stb/d flow rate using the same flow test techniques (artificial lift by ESP and thermal insulation by VIT) as used during the main DST performed on the upper fan in well 14/10-5. The Ocean Guardian drilling unit will now drill well 14/10-6, which will be the third appraisal well within the Sea Lion discovery area. 14/10-6 is located some 4.5km to the west of well 14/10-5 and is located within the Company's currently mapped mid-case area.

Apologies for always being negative about the market but it does fit in with the idea that in this bear market, good news will have little effect on the sp but bad news will hammer the sp (WLF).

It's about prices being pushed to their lowest common denominator. Of course 6 mnths/1 yr ago then the sp would probably have risen 20+%

marky - does the above therefore caste some doubt on the published result? .... certainly reads that way

You know what would send the sp up more : would be for them to spud a well in mid-atlantic.....just about anywhere....plus 6p now ....you have to be joking...

RF,

Just what I was thinking.

Who knows, but if they keep drilling further and further from the initial drill and continue to discover oil linked to that initial drill, I wonder just how big this field is.
If it gets much bigger it could incorporate all the other fields for miles around.

Best (dream) sinario.............field extends up to the shoreline of the capital of the Falkland Islands themselves.

As I said, 'We can but dream'!

News is above all expectations Cynic am at a loss with the SP more news to follow with CPR report also new 3D seismic.

What we are wanting as a punters is how many barrels are down there is the big question.

Who is the seller?

omg wat wud happen if flow test produced only 3000? I CAN'T BELIEVE THE MKT REACTION TO THE RNS...

Been slowly getting out of the market recently mainly due to the way I see the market going (not sold any RKH shares though).
But sometimes if you see what looks like a bargain, IE Rockhopper shares now 40% cheaper than when the first Sealion drill results first came in you just have to buy.
In the ten years that I have been a serious investor, I have never seen a share price go so contradictory against the flow (pun intended) of evidence.
To say I am gob smacked at todays current sp, is an understatement in the extreme.

5000 and 9000 b/per day and it is priced down on the day.....difficult to believe; to me it only shows that the market is lacking cash flow....it is unbelievable on such an outstanding result !.