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.

StockMarketWire.com
Rockhopper Exploration has confirmed that coring and logging operations at well 14/15-4z have been successfully completed.

The sidetrack well 14/15-4z (approximately 12.5m from the main well bore), was drilled to a total depth of 2555m md. A total 115m of core was cut through the hydrocarbon bearing Beverley, Casper South, Casper and Sea Lion reservoirs bringing the total amount of core cut during the entire drilling campaign to 455m (1493ft).

Drilling of the well has completed the commitments required to earn the 60% interest and operatorship of licence PL004b. The well will now be plugged and abandoned as planned and a further announcement will be issued when the rig is off hire.

I did not expect anymore detail in the RNS that was given. The previous coring RNS was similar to this one.
I do though expect that the delay in the coring completion was that they probably went down deeper than they initially intended.
The total amount of coring samples is impressive.
If you look at the coring figures at well 14/10, the total depth was 2600m with total coring of 60m. The total depth at 14/15 was 2555m, some 45m less than 14/10 and yet the coring sample was 115m, some 55m or nearly double that of 14/10.
I might be reading something into this that is not there, but to me it looks like they found sufficient positive coring to decide they required the additional amount.
If the coring had negative indications, I feel they would not have spent the extra money and time on extracting the extra samples.
Looking forward to the CPR RNS and the Farm in details re production that I am certain will come.

Pro how sad are you that you even posted on christmas day on the FOGL thread.....very sad.

interesting action today on rkh, afr and gkp

manquarie put out a strong upgrade today on rkh and afr but no mention of gkp
afr is up, but the books are evenly balanced
rkh is having a little burst for glory but on low volume - unless there is more hidden behind the scenes
gkp is nicely ahead with a strong order book at 3:1 (like yesterday)

Strongly up again....plus 17p so far,... luvly...jubly...

But Pro's not interested

of course not; he wants to concentrate on the blue sky guys in the southern basin ...... if and when something is found down there, there'll be plenty of room to jump on board

Not interested :)

AEX is going up and drill results due end of this month
GKP is going up and news soon there

Lots going on :)

GKP????? ..... wrong continent even!!!

Reserves upgrade coming plus farming in perhaps for development !, hence sp rise plus crude rising....

To my mind the biggest risk in holding Rockhopper shares is not the investment
itself, as that has long been de-risked, but it is not holding long term, or at least
until we have that CPR on record.
No doubt some day traders will be in and out making money, and best of luck
to them.
As for me, you can guarantee that if I tried an attempt sell and buy back for profit, a
mother of all RNS's would be released as soon as my finger left the sell button.
The next RNS is anyones guess, yes it could be 1, 2 or 3 months, but I tend to be
in the minority as I feel that we will have only till the end to Jan to wait. That is purely
a guess on the basis that any CPR would be an ongoing, updated project where
all new input after analysis only has to be inserted into the running model, then
surely with a tap of the keyboard the latest figures will be evident.
So as some will as said, be in and out making the odd few quid that is not
for me.
I am very content with sitting back and waiting for what surely is as inevitable as
you can get playing the markets for that multi bagger (or should that be multi barreled)
on my initial outlay.

Greek
Like you I bought right at the outset and I am thoroughly enjoying the ride to farm out / production. Perhaps those that jump in and out have reasons for doing so but I also enjoy life. Yes it would be nice to make the investment work a bit harder by more frequent trading but I'm very happy to check up regularly on any movement across the board. I am not glued to a screen - and certainly not during the shooting season!
I agree with you that the CPR will probably be the next plateau in this saga and it will of course be updated as fresh data comes to hand.

RF
Thought I saw that Brent is going down despite Iran and the Straits of Hormuz worries?

Reason for the rise :


http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=17510560

Broker snap: Credit Suisse initiates Rockhopper at outperform

Fri 06 Jan 2012

RKH - Rockhopper Exploration


LONDON (SHARECAST) - Analysts at Credit Suisse have this morning initiated coverage on Falklands focused oil exploration group Rockhopper Exploration at ‘outperform’.

Their valuation model for the company gives a ‘risked’ net asset value for the firm´s shares, under a successful ‘farm out’ agreement for its Sea Lion oil field, of 627p per share, which is 230% above the current share price.

There are risks however, an unsuccessful farm-out could have a negative impact on the stock. They estimate that under such circumstances the company´s ‘risked’ net asset value could decrease to less than 200p per share.

Two other possible positive catalysts for the company´s share price are:

1. The potential for growth from an upgrade in resource volumes by end 1Q 2012 (+35 pence per share potential).

2. M&A upside given that the outfit has the largest holding of undeveloped resources in the Falklands basin.

Pro

Nice to hear from you. Despite your frequent protestations - you ARE interested!

Bang goes the New Year Resolution not to tell porkies!

Like the one that he sold out at 300p

Credit Suisse not the only pushing RKH today, also being given a push by Merchant Securities and NO I AM NOT INTERESTED avsec.


http://www.proactiveinvestors.co.uk/companies/news/37549/credit-suisse-bullish-on-falklands-oil-firm-rockhopper-exploration-37549.html

..........Merchant Securities also named Rockhopper as one of its ‘Twelve Top Picks for 2012’ today.

Analyst Brendan Long believes the shares will rise because of ‘value recognition’ rather than the kind of drilling success seen in 2011.

Long says a new competent persons report at the end of March will increase reserves and in turn crystallise the firm’s recent operational successes......


.

Avsec : US and UK, (WTI and Brent) both up !.

I guess Pro has bought in now that he is ramping this again.

Great end to the day.....300p or more on the cards....

300p is about my break even on those