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.

http://www.rockhopperexploration.co.uk/pdf/aug-update-2011-post-10-6.pdf

Several posters on a competitors site are surprised at the small effect the latest RNS is having on the sp.

What is not helping is this.
I still think many people look at shares like Rockhopper and see AIM in big bold print.
They tend then not to see that a very few companies trading via AIM are well run and above board.
A bit like seeing a name with MP after it. Most people think quite rightly fiddling git, and yet like the RKH's of the AIM world there a few (OK probably a only a couple) of MPs who are honest and above board.

Strange analogy I admit, but it works for me.

The sooner they leave the seriously tainted AIM for one of the main FTSE platforms the better.
We can all put our share holdings into an ISA.
Also some tracker funds would come on board.
That on its own would boost the sp.

RF - yes that would be nice, but it does presuppose that the markets resume stability ..... today's rise is a good start, but it feels as if there is some very understandable general selling into the rally

Fox Davies Update

Rockhopper Exploration (BUY, 5.00) (LON:RKP, 217.75p, ▲ 4.44%) provided an update on the interpretation of the fast track seismic data over acreage on licences PL032 and PL033. Highlights: Initial interpretation of fast track new seismic data in PL032 and PL033 completed; Seismic shows Sea Lion Main Complex ("SLMC") to extend to the south and new high case area to extend over 90km2; Two new fan prospects identified within new seismic, Casper and Kermit; and management interpretation for SLMC potential size is low case of 608 MMbbl STOIIP, mid case of 1,086 MMbbl STOIIP and high case of 1,279 MMbbl STOIIP. This initial interpretation, combined with well data from 14/10-2, 14/10-3, 14/10-4, 14/10-5 and 14/10-6, indicates that the SLMC comprises two fan lobes sourced from the same main feeder channel just to the east of the 14/10-5 and 14/10-2 wells. The two lobes, represented as sand packages within the wells, are identified as the SL20 and SL10 units, and, from the formation pressure data acquired in the wells, are shown to be in pressure communication. The two packages together comprise the SLMC and are interpreted to comprise of mass flow turbidite sand sequences prograding from the sand input point to the east and extending beyond the southern boundary of licence PL032 into licence PL004, where Rockhopper has a non-operated 7. 5% working interest. The Company believes that recovery rates of 30% to 40% could be achievable using industry standard production techniques including water injection, artificial lift, deviated or horizontal wells and /or other enhanced oil recovery techniques. Should a recovery factor of 30% be achieved, based upon the Company's mid case area, the SLMC would contain approximately 325mmbbls recoverable oil. Should a recovery factor of 40% be achieved, the mid case number would increase to 434mmbbls recoverable oil

She going to blow at some point to many postives

Rockhopper Exploration (LON:RKH) now estimates that the Sea Lion oil discovery contains between 608 million and 1.279 billion barrels of in-place oil following the interpretation of fast track 3D seismic data.

Great. However Moody's drilling plans seem to exclude a third party / partnership.
Does this mean that they will sell to a global player for production once reserves are better known or take it further themselves?

Avsec who knows but BHP had two blokes on rig watching last flow test maybe Chav can confirm this.

They did indeed marky and I would be very surprised if RKH get no offers from 3rd parties with developing Sealion...whether the deals would be acceptable to RKH is another thing.

meanwhile, sp is performing OK but not exactly fizzing, so some clearly taking a chance to bail out on the rally

Canaccord conclusion (with much optimism):
Impact
Rockhoppers resource update is very encouraging and we expect the market to react positively to the materially increased scope of the Sea Lion project. Using an oil price of US$87.50/barrel alongside a 12% discount rate, we estimate Rockhoppers NAV to be 871p/share. Our NAV hinges on our estimate of the groups current cash position plus our estimate of the value of the Sea Lion Main Complex, using the updated mid-case recoverable resources of 325 mmbbls, risked at 75% ahead of a formal CPR audit.

Action/Valuation
We maintain our BUY rating and have increased our NAV-derived target price from 593p/share to 871p/share

A few more brokers updates

Our current target price of 400p is based on 155mmbls for the Sea Lion discovery. This mornings announcement is very positive, and we will be reviewing our valuation to incorporate new volume estimates, said analyst Charlie Sharp.

For now, the target price stands at 400p.
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Evolution Securities analyst Keith Morris highlighted that the mid-case estimate for recoverable oil is around 60 per cent higher than the 200 million barrels assumed in his model. Our core plus risked upside for Rockhopper is 671p per share, Morris said in a note to clients. Assuming recoverable resource of 326 million barrels oil equivalent this would increase to 882p. The analyst did however say that his valuation includes theoretical upside and until more drilling has been done, he is maintaining a 450p target.

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While repeating a buy and putting his 510p target under review, Westhouse Securities analyst Andrew Matharu said: The Sea Lion Main Complex (SLMC) is, in our view, now a viable stand-alone project with additional upside still remaining. Similarly Matrix Capitals Charlie Sharp also kept a buy and put his 400p target price which is based on 155 million barrels of oil under review

http://en.mercopress.com/2011/08/15/rockhopper-raises-its-estimate-of-oil-in-north-falkland-basin-to-608-million-barrels

Rockhopper raises its estimate of oil in North Falkland basin to 608 million barrels
Rockhopper Exploration PLC upgraded its estimates of how much oil it could find off the Falkland Islands, boosting hopes that the remote territory in the South Atlantic could become a new oil province.

Holding up in a bad market dare i say.....you still holding cynic after your top up

i am indeed

What about Desire are you tempted, they may have up to 10% sitting in there acreage from sea lion but we wont know until we get news in September.

To think a week ago you could of bought these for 1.30s....crackers

tried to buy a few at 18.25 yesterday, but not that fussed either way

.

whats crackers is these were up to 5 with less proved reserves!