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.

Gibby Infrastructure what infrastructure?............. They will use an FPSO tanker as they have stated which is mobile so all you need are production wells, injectors, connections and an FPSO as quoted in my price above.



So infrastructure not a problem at all as Sam pointed out in the interview in the times that there have been no problems getting the equipment they needed.
RKH own 100% of a prospect which could contain between 608 million and 1.279 billion barrels of in-place oil.
It is only one prospect in the whole of their acreage, they have many more prospects to drill as yet.

whoops matky i now that - good stuff though
eork out cost of now moving out the area
the float costs are nearly nil next to that

yeeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaa
i will get my stetson and mule

http://en.mercopress.com/2011/08/22/falklands-government-readies-for-a-decision-on-a-new-deep-sea-port


Falklands government readies for a decision on a new deep sea port
After a year without any obvious movement on the idea of a new deep sea port for the Falkland Islands it seems that the idea is alive and well and being pursued, quietly in the background. The estimates for such a project vary up to 50, 60 million.

http://en.mercopress.com/2011/08/23/falklands-hydrocarbons-policy-is-primarily-a-matter-for-the-islands

Tuesday, August 23rd 2011 - 04:18 UTC

Falklands hydrocarbons policy is primarily a matter for the Islands

The hydrocarbons policy within Falkland Islands waters is primarily a matter for the Falklands government and the UK is in no negotiations with Argentina over the future exploitation of any oil deposits found in the Islands waters, said Lord Howell of Guildford, Minister of State, Foreign and Commonwealth Office during question time in the House earlier this month.

Aye
you can always trust a politician though but?

Week commencing 19th Sept '11 for next news. Date for all those punters who wish to be in before the RNS.

Greekman, think marky is entitled to take over his own thread.....lol

As said, I have no problems with any of Markys post.

Just getting up to date after a hectic period.

I agree with BB - it was Marky who started the thread after all so (without wishing to encourage Pros!) he is entitled to sound off in here. In the past he has shown a special interest and a sound knowledge of this particular company.

http://www.proactiveinvestors.co.uk/companies/news/32622/rockhopper-explorations-sea-lion-estimates-are-conservative-says-merchant-securities--32622.html

Rockhopper Explorations Sea Lion estimates are conservative, says Merchant Securities
12:48 pm by Jamie Ashcroft

Rockhopper Explorations (LON:RKH) estimate that the Sea Lion oil discovery contains 325 million barrels of recoverable oil is conservative according to Merchant Securities analyst Brendan Long, who reckons the shares are worth 10.70 each.The analysts punchy valuation, which implies that Rockhopper is worth about five times more than its current market value (today it trades at 214p a share), follows last months upgraded resource estimate.

The pivotal report was based on revised seismic and appraisal drilling results. Apparently the upgrade settles the debate on the discoverys commerciality, as far as Rockhopper is concerned.

Rockhopper, on August 15, revealed that by its own estimate - based on the latest 3D seismic data and its recent drilling success - the Sea Lion oil discovery contains between 608 million and 1.279 billion barrels of in-place oil. It believes that it can achieve recovery rates between 30 and 40 per cent, therefore it estimates that the Sea Lion contains around 325 434 million barrels of recoverable oil.

A flow test a few weeks earlier also proved that the Sea Lion could produce oil at commercial rates, achieving a stabilised rate of 5,508 barrels of oil per day.

According to Merchant Securities Brendan Long the recent wave of positive news flow, particularly the most recent seismic and drilling results, have greatly reduced the investment risks related to the primary Sea Lion discovery known as the Main Sea Lion Fan Complex.

Long also points out that, because of the recent stock market sell-off, Rockhopper shares do not fully credit the positive developments.

Rockhopper's positive announcements have been muffled by the coincident flare-up of stresses in the financial markets (late July and early August), leaving scope for further near-term stock appreciation, Long said.

The two sand bodies that comprise the Main Fan Complex appear to be high quality and straightforward reservoirs. We consider that the two sands provide good visibility relative to other oil & gas assets at similar early stages of appraisal, Long added.

Speaking with Proactive Investors, Long said: Rockhopper is the one company that has successfully found oil in the Falklands. It is a bird in the hand, and it is dirt cheap.

Aside from this potentially lucrative bird-in-the-hand, in his note to clients, Long also stressed that Rockhoppers acreage still contains low cost exploration upside and these exploration targets continue to be enhanced by the appraisal of the Sea Lion.

Three prospects - B15, Casper and Kermit - are directly below the Main Fan Complex and testing them will simply involve drilling appraisal and development wells for the Main Fan Complex a few hundred meters deeper, the analyst said.

We think that the prospectivity of B15 has been considerably improved by the most recent seismic and drilling results.

Brendan Longs assertion that the Sea Lion estimate is conservative is based a number of factors.

First he points out that the most recent competent persons report, completed last summer by RPS Energy, estimated that the Sea Lion spanned an area of 27 square kilometres, whereas Rockhopper now believes the mid-case area covers 68 square kilometres a 150 per cent increase from the RPS estimate.

According to Long the data used in the 2010 RPS report that the mid-case estimate of oil-in-place would be around 674 million barrels. Using the 674Mb as a starting point and increasing it by 150 per cent gives 1,685 million barrels of oil in place, he explained.

This is substantially higher than Rockhopper's current mid case estimate of oil in place of 1,086 million barrels.

We have reviewed actual well data and compared it to the estimates used in the June 2010 RPS report and have found that actual data has been in line with or exceeded the expectations of RPS (water saturation, formation volume factor, net pay and porosity).

Looks like it's being contrarian today and whilst the rest of the market falls it makes a pleasant rise. And long may it continue!
TT

certainly no news out

There has been about 9 brokers notes out on RKH of recently they have a price range from 6 to 12 surely they cant all be wrong so something has to give at some point as it very much undervalued.
Still a pleasant surprise to see it up while the stock market slumps again.

Where there is oil, there is more oil most of the time !.

they need somebody with deep pockets to farm into sea lion.

My pockets are deep, nothing in them.lol

Maybe be Hal we might have a better idea after the AGM if not then in September some time they are holding a capital market day

A Capital Markets Day:

brings together select groups of companies and relevant institutional investors for meetings grouped around sectors, topics or geographical regions
is an effective way for companies to seek new investors, broaden their shareholder base and communicate their investment story
takes place at the London Stock Exchange's Media and Business Complex

The junior oil and gas sector could be stirred up by mergers and acquisition activity as larger oil companies stalk undervalued quality oil stocks, according to Merchant Securities analyst Brendan Long. Yesterdays news that Lochard Energy (LON:LHD) is potentially being bid for by an unnamed third party shows that cheap high-quality oil stocks are takeover targets, Long said in a note to clients.

(Larger) oil companies are challenged to grow production and therefore they have an inclination to acquire production where possible. They have strong balance sheets and strong cash flows which allow for acquisitions, Long said. Meanwhile oil equities are cheap and oil prices remain very strong (actually they are rising), Long points out. Furthermore, hes certain that some of the highest quality oil companies are some of the cheapest.

Specifically he picks out Max Petroleum (LON:MXP) and Rockhopper Exploration (LON:RKH) as two examples of these cheap, quality oil stocks. Turning his attention back on Lochard, a company which recently re-invented itself by selling its drilling fluids business and re-focusing on upstream oil and gas, the Merchant Securities analyst upped his core valuation to 22 pence a share

AGM today so lets see if we get some postive feed back.