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.

Looks like I picked the wrong time to top up.....but this has to come back but when ?.....that is the question....dire to say the least at the moment...

.

you're a brave laddie herman

.

clearly you're a ladette then :-))

.

Sorry to say, but sub 100p looks very likely, imo.

.

StockMarketWire.com
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, has provided an update on the 14/10-6 appraisal well.

The third appraisal well on the Sea Lion feature was drilled 4.1km to the west of the 14/10-2 discovery well on licence PL032 (100% Rockhopper) and to a total depth of 2706m (drilled depth).

Results at upper end of expectations and well confirms significant reservoir development and hydrocarbon charge within Rockhopper's currently interpreted Sea Lion mid-case area

Sam Moody, Chief Executive, commented:"The results of this well are at the upper end of expectations for the Sea Lion main fan complex and we are delighted to see these oil charged sands extending to the west as prognosed. The thickness and quality of reservoir encountered in the lower fan complex gives additional potential updip."

Great RNS.

Looks like this latest drilling is connected to the main fan.
So with this result where does the current market turmoil have effect.

Still the stock markets bomb, and yet as we all know things will get better, they always do and when they do, it will be companies such as Rockhopper that will be quickest to return to their market cap.
I appreciate it is usually the defensive stocks that return to their solid bases quickest, but this time I feel punters will be even more fearful than during Black Wednesday, the Bank Crisis and the Lehman fiasco and several other situations that resulted in such huge downgrades of the markets.
Potential investors as well as those who have badly been burned in the markets will be looking to where they can invest in relative longterm safety. They will have seen so called safe shares, like the banks, other defensives and the like sink alongside so called risky shares and will look at companies that can make them good returns, with little long term downside.
No matter how the western worlds use of oil is reduced in the short term, it is accepted that many eastern countries demand will increase, This of course will withing a relatively short time be coupled with a return to and passing the current demand of the western world, especially the biggest user the USA, and of course in the east China is coming up fast on the rails.

The fear of investing will linger for quite a while but before full confidence returns investors will still need somewhere to put some of their cash, and of course the institutions will need to get back into he markets far quicker that us PI's, as that is their job to make money in the markets.

So looking at Rockhopper.
Obviously a reasonably small cap oil explorer, and for oil read commodity. A commodity that is diminishing as demand rises, a perfect combination of increasing value.
Risks...............Yes of course but looking through a vast bundle of shares, I can't see many that with very good reasons promise good returns, whether the present market turmoil continues or not.
I am sure most people like myself don't look at some so called 'safe/defensive' shares such as the banks in the same way as we did a few years ago.

Either way oil is getting scarcer, making the oil explorers and producers the obvious investor choice, and with Rockhopper having found a very commercial quantity of oil, with a good cash pot to see them through several more drilling's I can only see a very good upside with little downside.

At the moment it is a very topsy turvy world. so for defensive and relatively safe read Rockhopper, for risky, read (at least for several years) most banks.

Greek.

On opening the offer far higher than the bid. This must go into auction as its obvious that orders are coming faster than the book can cope. This is a very positive sign that it is soon going to shoot upward.

.

.

sea lion is big!!!!!!

.

Once the results of this well have been integrated into the fast-track seismic covering the southern portion of licences PL032 and PL033, a further announcement will be made detailing the seismic interpretation and the implications of well 14/10-6 for management estimates of resources within Sea Lion.

Guess we will get to see the size of sea lion this year

.

Whats in a name!

Sealion has a better ring to it than Whale, but perhaps Whale would have been more apt.

it's the first time in a long time since RKH started supporting my (quadriplegic) portfolio

.