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.

Not what I just saw on the news, button your hatches down.

I feel it in my wellies.,.

They will be full in the morning

Your all cider drinkers down there.

You should try it, tir a piece of baler string round your trouser legs, get a long stick, go to your local orchard in the middle of your village about 11.30pm, hum to yourself the worsels song "I've gota brand new combine harvester" whilst walking backwards around each tree tapping the branches as you go!! there will be no rain where you end up.,.

Christ,your not the village idiot then. Thats not done here. lol

Your not a morris dancer after work?

oh i don't know about that.......

lol stopping now or we'll get bollocked by Ian .,.

So we are both on for a major recovery of the ftse in July. Going to be a blood- miracle
lol

what bit did we all get wrong in RNS? ..... down further this morning

It was a cracking RNS......Results of new 3D should be out next month,now will the CPR report be based on this or will it be based on this flow test or both.

The book on a 10% is looking strong so it might head North with a bit luck. You got any rain down there yet Cynic

nope ... gloriously sunny again

http://www.bgs.ac.uk/falklands-oil/downloads/newsletters/news.pdf

Well worth a listen. Sam Moody conference call




http://events.webeventservices.com/downloads/MCommunications/2011/06/

Investors are being presented with the best opportunity to buy shares in Rockhopper Exploration (LON:RKH) since its transformational Sea Lion oil discovery, according to analysts at Matrix Capital.

Matrix firm upgraded its recommendation from a lukewarm add to a buy and upped the target price from 250 to a punchy 400 pence a share.

The brokers upgrade follows Mondays news that the 14/10-5 Sea Lion appraisal well flowed at commercial rates. However the result hardly registered with investors. We see the successful test on Sea Lion as a crucial step on the path to confirming the commerciality of the low case for the field, analyst Charlie Sharp said in a note to clients.

A good set of results with no bull shit or hype .......steady as she goes

http://www.proactiveinvestors.co.uk/companies/news/30117/rockhopper-exploration-says-its-fully-funded-to-appraise-sea-lion-discovery--30117.html


Rockhopper Exploration says its fully-funded to appraise Sea Lion discovery

Rockhopper Exploration (LON:RKH) told investors that it is fully-funded to appraise the Sea Lion discovery.

In this mornings full-year results statement, for the twelve months ended 31 March 2010, chief executive Sam Moody said hes proud of what the groups achieved in the past year and his team will keep working to define the size of the Sea Lion field.

Summing up the progress in the financial year Moody said Rockhopper has seen a level of activity unparalleled in its history.

He listed the groups key achievements: the group drilled five operated wells; the first Falklands oil discovery, completion of two well tests, major 3D seismic acquisition programme, it recruited a number of experienced key senior personnel, raising almost US$400 million in equity.

For Rockhopper the pivotal moment was finding oil in the first Sea Lion well, which is first and only bone fide oil discovery in the Falklands to date. The discovery propelled the groups shares which shot up from xxxx to xxxxx of the course of the financial year.

Rockhopper has focussed on the appraisal of the discovery since then.

It has until April 2013 to submit a field development plan to the Falklands government. In the meantime it is trying to asses just how big the discovery is and figure out what production methods will be required.

Chairman Dr Pierre Jungels highlighted that the current work programme has three objectives: to define the field size, to define the engineering parameters for field development and to define the fields economics.

The appraisal of the Sea Lion field has got off to a very good start with successful results on both wells 14/10-4 and 14/10-5, which was flow tested at commercially viable rates, said Jungels.

The next well, 14/10-6, will be drilled to the west of the discovery and, if successful, will add to our view of the low case scenario of the field, of 155 million barrels recoverable.

Naturally, the results of each well influence the number and location of subsequent wells but our understanding of the field is growing rapidly and this will be fed into the static and dynamic reservoir models needed for an updated competent person's report and a development plan.

Referring to potential engineering solutions Rockhopper said that future production facilities would most likely be offshore, using either a floating production, storage and offloading facility (FPSO) or using a tension leg platform (TLP) with a floating storage unit (FSU).

One little downside is that it looks like we wont get an Official upgrade on the reserves this yearshame as I still think it will be very big when it does come.

COMPETENT PERSON'S REPORT ("CPR")

We had begun the year intending to produce an updated CPR. However, during the course of discussions it became apparent that both additional wells and seismic data would materially assist the accuracy of this updated report. This work is ongoing and the group is not currently planning to produce another CPR this calendar year. The situation will be reviewed once additional wells have been drilled.

Hi Markymar,

Agree no CPR this year is a disappointment, but I fully accept the reasons given, IE a CPR report will be able to be far more accurate when all of this years test results will be in.
Saves money as well.
No doubt though that has knocked the sp.

Greek