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.

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!

Fox Davies updates price target from 5 to 6

http://www.fox-davies.com/media/414425/rkhflashnote16aug2011.pdf

Marky..lucky for the guys/gals, that write these Broker notes, that the sp's don't have to hit their targets before they are paid!

They are 12 month tatgets i think.....My clogs are scrathing for a pint chav if free one night...will get my teak clogs polished.

This will be in the blue when i get back from down the mine i can feel it in my water........clip clop clip clop

Back from the mine good to see some blue sky....i c pro has edited his post from early today what a numpty the bloke is.

http://www.proactiveinvestors.co.uk/companies/news/32155/rockhopper-exploration-shares-a-big-buy-says-oriel-32155.html

Rockhopper Exploration shares potentially worth 1114p, says Oriel

1114p that's more then a 30% gain , isn't pro ?

Thats just on one prospect sea lion