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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Apparently - I am one :-)

14/10-8 Well Spud

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-8 exploration well (the "Well") was spudded at 03:45hrs BST on 25 September 2011.

The Well is situated on Licence PL032, which is 100% owned and operated by Rockhopper, and is located approximately 4.1km to the south-south-east of the 14/10-2 discovery well, outside of the Sea Lion Discovery Area.

This well is designed to investigate reservoir and hydrocarbon presence within the Sea Lion Main Complex in an area of relatively low amplitudes and is also an exploration well on both the Casper and Kermit oil prospects.

Drilling operations are expected to take approximately 28 days and a further announcement will be made once drilling is completed.

Ocean Guardian drilling rig
The Company is in discussions with Diamond Offshore, owners of the Ocean Guardian drilling rig, with regards to the assignment of a further drilling slot to which the Company would be required to commit prior to the spudding of well 14/10-9.

i.e. nothing expected to be found here

This well is designed to investigate reservoir and hydrocarbon presence within the Sea Lion Main Complex in an area of relatively low amplitudes and is also an exploration well on both the Casper and Kermit oil prospects,

http://oilbarrel.com/media/pub/var/release_downloadable_file/32864.pdf

We Believe Rockhoppers Estimates are Conservative
On 2 June 2010, RPS (a third party engineering consultancy) assumed a P50 areal estimate for SL10 and SL20 of 27km2. Rockhopper's current mid case estimate is 68 km2, a 150% increase from the RPS estimate.
In its June 2010 report, RPS estimated a best estimate oil in place of 717Mb, using probabilistic techniques. We have applied their input data into a simple deterministic (non-statistical) model which suggests that deterministically the mid case estimate of oil in place would be circa 674Mb.
Using the 674Mb as a starting point and increasing it by 150% gives 1,685Mb of oil in place. This is substantially higher than Rockhopper's current mid case estimate of oil in place of 1,086Mb.

sp going down the drain time to bail out?

I'm sitting on a loss and will sit through these bad times......but better times will return for 95% of stocks.....just a matter of time and there still may be a substantial autumn-christmas advance on today's values coming.....we just need the markets to stabilise instead of all this blinkin' greece crap that's pulling the markets down...

rf so you don't believe in stop losses.

I do for very, very risky positions or stocks,...I get caught out in the belief that the markets are undervalued and stay put on positions when perhaps I should sell even at a loss..but then again I hate making losses so I stay put...how do people manage with the 30 day rule ?....I'm baffled by people who say they have bought back the next day ?...how...?....still, staying put was not the best thing to do since the spring.....anyway,... is this one very risky ? not anymore...and the turmoil in the markets is not Rockhopper's fault ; they have not put a foot wrong since they started drilling 18 months ago...

Good, old fashion 'seat of your pants' investor/trader! ;o)

I'm keeping the faith with my stocks....fingers crossed, a very strong rebound will come..the markets cannot remain subdued for much longer...upwards gravity has to come into effect sooner or later...

Good luck

Well I'm not selling anything that's red.....and will be patient...

upwards gravity ..... now there's a new one indeed .... i know einstein's theory of relativity is now under question, but i had not realised that newton's law was too!

It's all about 'dark matter'. Probably Guinness in rf's case!

Prefer good old english ale myself...I shall have to use this new term "upwards gravity" again...sounds good !....

gravitas and not frivolity is required :-)

Einstein's theory is right; he just didn't know about the short cuts through other dimensions or perhaps he did but it would not come out in equations.

Help yourself on Amazon. :-)

rf
Like you I am also sitting on a small loss at present having topped up my original deal at 37p. I will be happy to see it North of 200 - as surely it will be before long.