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.

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.

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sea lion is big!!!!!!

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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

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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

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Horrible market at moment.


Fox Davies Capital Rockhopper,
Tuesday, Aug 09 2011 by Fox Davies Capital
http://bit.ly/nf5nNC

Rockhopper (LON:RKH) Exploration (BUY, 5.00) (RKH, 141.0p, ▼ 13.10%), the North Falkland Basin oil and gas exploration company, is pleased to provide 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 and to a total depth of 2706m. Results on the Main Fan complex were at the upper end of expectations, with net oil pay of 119ft indicated from wireline log analysis. Downhole fluid samples collected confirmed oil, and the reservoir quality is good. Following this well, the board considers Sea Lion to be commercially viable. At the Sea Lion Lower Fan complex, the well developed a lower sand package (sand B15) intersected beneath oil water contact of -2477m total vertical depth subsea and was water wet with no shows. Deeper thin lower fan sands penetrated in wells 14/10-2 and 14/10-5 showing a separate deeper oil column is not developed at this well location. 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.

Fab result......in a terrible market......2nd dip recession is with us and I was one of the doubters but there you go so .....nice to have some super news as this is by far my biggest holding...in fact you could say that I'm a fan...get it fan...sea lion fan........oh dear....another terrible pun from rf...anyway delighted on this one great bit of news amongst terrible worrying news....

Glad you picked some up on the cheap RF i see pro called it totaly wrong again,i c he is try to deramp it now.

The falklands are looking very promising once again......

Must be the best performing stock today? Must admit I am very surprised as thought the news would get swallowed up in negative market sentiment, but great performance for those brave enough to take the plunge.

Note from Matrix:
Sea Lion step out success well #6 finds oil outside the low case reservoir estimate. Well 14/10-6 drilled offshore the north Falkland Islands as a westerly step-out of the Sea Lion field found 36m net good quality reservoir (average porosity 22%) and filled to spill. Importantly, pressure information indicates that the reservoir (the Sea Lion Main Fan Complex) is in communication with wells 2, 4 and 5 on the field, which should enable a simpler, quicker and lower cost development. The well also encountered a lower sand package of similar quality, though water wet. Rockhopper believes that this sand has the potential to be water bearing elsewhere in the field.

The rig will soon move to the next drilling location, designated exploration well, about 3.3km to the northwest of the Sea Lion discovery well #2. Following that there will be at least two further wells in this programme. We estimate that Rockhopper, which is spending about $0.8m/day on the drilling programme, should have sufficient funds to last until late Q1 2012.
We see this as an excellent result for Rockhopper, increasing the overall size of the field, expanding the low-case reserves, and confirming reservoir communication. Although much work is still needed to integrate the results with the 3D seismic data, it seems reasonable to assume that the low case could now be some way north of 200 mmbbls. In the absence of this reserves/resources update we maintain, for now, our 400p price target and BUY rating.

Great result today in a gloomy market gets even better knowing Pro sold half his holding and bought char........one word sums up Pro.......Plonker!!!!!

Good result for you.