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.

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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.

400 mill barrels +

This one to pile into and the sooner the better.....should carry on rising tomorrow...perhaps back to 230p....perhaps even higher by close of play tomorrow....

Rockhopper Exploration (LON:RKH) offers an excellent buying opportunity after its latest drilling success on the Sea Lion oil discovery, according to Merchant Securities analyst Brendan Long . The trouble is, however, that against the backdrop of the current market turmoil many investors may want to seize a profit when they can, Long suggested. And this may keep a lid on what the Citys experts believe should be a significant re-rating for the stock.

We believe Rockhopper is under severe margin call pressure and that certain investors may be keen to monetise any gains resulting from the success of 14/10-6. This has created an excellent opportunity, Long said. Indeed the analyst stressed that the fields commerciality is now absolutely obvious, even though he feels the market still has its doubts.

It is also important to consider that the increased scale gives the company more options, because it now has an asset that will attract the largest oil companies in the world as potential partners or acquirers, this reduces funding and operational risks,

Like Brendan Long, Oriel Securities analyst Richard Rose also stressed that Rockhopper shares have been hit hard with the recent market sell-off and in a note to clients he too repeated a buy recommendation for the stock. Importantly the Oriel analyst reckons todays result will in fact go a long way to addressing the markets concern over the size and commerciality of the Sea Lion discovery.

In valuation terms Rose said that this resource uplift equates to around 70p a share in his valuation of the company, and he now reckons that Rockhopper shares should be worth 540 pence each.

Similarly Matrix Capitals Charlie Sharp is waiting for a resource update before he ups his current 400p price target, but he was very positive about the result.

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, Sharp said in a note to clients. 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 million barrels.

Westhouse Securities analyst Andrew Matharu said: This is clearly a positive result for Rockhoppers appraisal programme in the North Falkland basin. The analyst repeated a buy recommendation in a note to clients this morning. We have as a result increased our estimate of the Sea Lion resource to the 2010 RPS Energy best estimate of 242 million barrels. As such, we concur that the discovery is commercial, given the resource estimate and the result of the recent flow tests at sustained rates above 5,500 barrels of oil per day.

Based on this change to his model, Mathuru has increased his price target to 510p a share.

should fly tom as DOW up 4 %


09 Aug Rockhopper... RKH Canaccord Genuity Buy 593.00 593.00 Reiterates

Rockhopper... RKH Fox-Davies Buy 500.00 500.00 Retains

Rockhopper... RKH Evolution Securities Buy 450.00 450.00 Retains

Rockhopper... RKH Matrix Buy 400.00 400.00 Retains

Working late buy orders in........clip clop/ with a spark in the heels of them clogs...lightning fast tom good job am going down the mine tonight....clip clop clip clop

surprised to see offer book outnumbering bid by 2:1

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with some trepidation, i have just topped up at 211.25

U have jinksed the share Cynic its the only red on my watch list today.