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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mnamreh its a cracking result which is not reflected in the share price.

Capital Markets presentation today so will be intresting to see how that has got on guess they will be buying a FPSO now not leasing.

So one person says it's in the price, another says it's not! I still remain a little surprised by the damp squib, but next two wells (8 & 9) are only appraisal I think, so not much going to affect the sp soon.

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mnarmreh the well they have drilled was to drill at the fringe of Sea Lion which they have only to expect a low net pay that has been blown out the water with a net pay of 85 feet which in my eyes will make a huge difference to the overall mid case to high case numbers I would of thought the news would be filtering through of the size of Sea Lion getting a lot bigger hence I was hoping for the SP to rise with this knowledge but sadly it has not be reflected as of yet.


Peter Bassett, analyst at Westhouse Securities, said: "This is another positive drilling update from Rockhopper, which further derisks existing resource estimates for the SLMC. It also reinforces our view of the stand-alone commerciality of the discovery.

"We retain our view that Rockhopper represents excellent value at current levels. As such, we are maintaining our 'buy' recommendation and target price of 643p."

http://www.rockhopperexploration.co.uk/pdf/cap_markets/RKH_CapMark_Section_02Technical.pdf

Slide 66.....where they thought was the end of SL is not as the found 26m so it carries on may be 2 to 3 km hence makes a huge diffrence to high case numbers.

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Slide 67 in now old news going off drill results today low of 608 mill to high of 1279 mill so a lot bigger than the figures RKH saying at present.

Hi Mnamreh,

I believe they miscalculated the boundary edge because as the RNS states, the well was located close to the northern edge of the fan system in an area of relatively lower seismic amplitudes and thinner reservoir.
From a poster on another site who tends to know what he is on about, it appears that seismic surveys can only show down to a certain depth and thickness, hence anything at the depth of this find is very difficult to read.

Unfathomable were the sp is at present.

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its pretty obvious the market is focussed on the $2billion development cost before first oil in 2016. does anybody have a forecast for the price of oil in 2016?

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Hal $142 barrel so no problem there.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ao7pUZ.pCTaM

herm what will the yuan be in $ terms in 2016?

marky the question being asked by the market is where is the $2billion development cost coming from? until there is an answer it remains oil in the ground. for investors even iraq looks more promising and certainly less expensive.

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Hi Halifax,

I don't think anyone can have much idea re the price of oil in 2016, although its for sure there will be less oil in the world than there is now.
I have read a few articles concerning what would happen to the oil price if the world continued along the path of turmoil that it appears to be heading down.
It was generally agreed, that although any monetary problems that are present now could deteriorate further, that is always followed by cuts in production due to the accompanying unrest, IE look at Iraq, Egypt and a few other oil producing countries where unrest reigns.
Reduced production is usually followed by increased oil barrel price.
These periods are then followed by periods of equal calm, leading to better prosperity, hence more oil use, again higher price.

Although the Argentina problem is being almost totally disregarded by many, and I feel that the risk of them causing serious problems for the Falklands and the FI oil fields is minor, I do feel that the threat is there and that is what is putting investors off, especially the institutions.
Also many oil producers are shying away from areas of political unrest, due to problems in the recent past, that can't be helping the situation any

Try as I might, I just can't see any other reason why the sp is at its current price.

It appears that the more oil that is found, the more tempting it must be for the Argies to have a go at getting some of the profits for themselves.

My own feeling is that if we had another Falklands and the Argies retained control of those islands (doubtful) it would not be the end of Rockhopper or our holdings as they (the Argies) would still need someone to get the oil out and could not afford to send out any message that scared all investment in the area away.

Probably totally wrong, but thats my slant on it.

herm you seem to have ignored the news that USA will become the world's biggest oil producer by 2017.