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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Surely that's inevitable? The speculators who chase the drillbit will lose interest and the likelihood of increased debt are going to slow things down a bit. Of course they have a very attractive asset which should tempt a potential partener, but the pioneering exploration is done.

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"currently stand at 1.2 billion barrels in the mid-case scenario."....if you include this well they are drilling at present then the last update to this figure above was 2 wells ago so plenty of upside to that figure above.

Also like this quote

We continue in the rare position of holding 100 per cent of what we are proving up to be a world-class asset, which makes a range of options available to us, said chairman Dr Pierre Jungels.

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It does that,glad am going down my mine today far to windy today.

Canaccord note:
Alongside its interim results, Rockhoppper Exploration revealed that recent engineering work suggests the Sea Lion oil field offshore the Falkland Islands should be produced using 18 wells spread across three drill centres. This compares with the companys previous expectation that the field would be developed with 24 production wells from four subsea manifolds and, as a consequence, plateau production guidance has been reduced by approximately 25% to 80,000 90,000 b/d.

At least in part, we understand the reduction in the number of drill centres has been driven by well 14/10-8, which encountered water. Hence, there will be no need for any production wells in that area of the reservoir. Meanwhile, it seems that dynamic reservoir modelling work undertaken by Rockhopper has indicated that ultimate oil recovery from Sea Lion will be maximised if the plateau production rate is reduced

Changes reduce the value of field but not by much.
Even after reducing our capital expenditure forecast by US$600 million, the lower production rate has reduced our estimate of Sea Lions net present value. Using an oil price of US$87.50 flat real allied to a 12% discount rate, we now think it is worth US$4,088 million rather than US$4,553 million. Nonetheless, the new figure still translates into 899p/share, which is considerably more than the current stock price, and Rockhopper retains significant net cash.

Harry whichever way you look at it dilution is going to occur whether it is through fund raising or a joint venture with a partner with deep pockets.

Dilution of what though.

Yes there will be dilution of the current value, but as soon as a partner comes on board, the figure used in any dilution case obviously increases, therefor until we know the size of the new package, IE total value of the whole, any attempt to put a figure of value onto the enhanced whole company figure is both impossible and irrelevant.

Dilution can not be looked at in isolation, otherwise whenever a company ties up with another, the value of the pre tie companies would always be diluted.

When/if any partnership is formed, that is the time to look at the partnership whole value, and calculate if any dilution has occurred.

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Will RKH follow Desire lead

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Great news better than expected we have just added about another 250 mill barrels + to what we have already.

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Can i say one thing.......Pro you dont know what your talking about.

This will go straight into auction!

EDIT. Never even made it out of pre opening auction, so apart from the difficulty in buying or selling (who want to sell) just wait for the book to settle then we will have BoooooooooooooooM.

At 0806 hrs, even Fogl has been dragged into auction (des was at opening).

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Good result for RKH, bad news for DES.

Only gas for DES and now no money to drill and no rig.

Thats the end of the of North Falklands now, I would imagine a steady stream of selling now in the days and weeks and months ahead.

is that really right? ... if so, am very surprised the market hasn't registered same as DES are currently well ahead - at least in % terms

DES will be pumpy dumpy as usual.

Wait a few days and then see how the price rise (or fall) works out.

I do not think RKH will pass the 300p level I sold out at way back.