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.

http://www.edisoninvestmentresearch.co.uk/research


All eyes now move to Rockhopper in the Falkland drilling campaign.

The Ocean
Guardian rig spudded the Sea Lion 14/10-B Exploration well last Friday. For the next
30 days, Rockhopper takes over the newsflow cycle in the Falklands. Sea Lion is
thought to have a higher chance of success than Liz and is around 10km away from
the only well from the 1998 campaign that had live oil shows. It is one of two key
targets Rockhopper has identified with 170mmbls best estimate prospective
resource. The other target, Ernest, will be the fourth well to be drilled and in between
Ocean Guardian will drill BHP/FOGLs Toroa prospect.
What we learnt from Liz: A working hydrocarbon system
Ocean Guardians first drilling slot in the Falklands ended in disappointment with
Desire plugging and abandoning the Liz well. This well showed that there is a working
hydrocarbon system over two intervals with oil and gas, with evidence of seals and
more sandstones than originally thought. However, poor reservoir quality ultimately
led to it being abandoned.

Sea Lion a more attractive prospect
While it is tempting to draw the inevitable closeology conclusion, Sea Lion has to be
treated as a different prospect to Liz. Sea Lion is physically the other side of the
North Falklands basin and is a shallower prospect, leading to the possibility that a
better reservoir will be encountered. It is less than 10km away from Shells 14/10-1
well, which was the only well from the 1998 drilling campaign that flowed live oil (27o
API). Based on the modern 3D seismic data Rockhopper collected over the target, it
believes Sea Lion is more prospective than 14/10-1. The CPR also suggested it is
less risky than Liz (23% chance of success versus 17%) and, unlike Liz, the 3D
seismic data shows AVO anomalies indicative of hydrocarbons.

Valuation: Volatility ahead, one way or the other
Sea Lion contributes 86p of our EMV-based value of 140p. A successful appraisal of
Sea Lion could potentially transform its value in our calculations, but over the next
month, we are expecting to see significant share price volatility that is normally
associated with any drilling campaign.

this sounds considerably less bullish that the initial noises emanating about the first and aborted well ..... i don't like that much, but a few weeks will tell

early days

true, but it must be quite worrying times for you, as i know you have a lot of cash and emotion invested in the region

Cynic when I invested in both companies I new it was never going to be a easy ride and have been through some ups and down and this is just another blip.

This is what I have waited for 12 years and its only the very start of the campaign am still happy sitting here and checking in now and again to see if any positive developments have happened apart from that it head down and back to work.

Would have liked the share price a lot higher than it is today but its early doors and for RKH share price to be as low and the hole nor even fully drilled is laughable.

This is where shell hit live oil last time and capped it without even testing it as the oil price was $10 last time if this one is a duster I will be down in then dumps until them head back to the grind stone.

Can't make my mind up where the support is on the chart. 38p, 35p or 30p. Bearing in mind the sp should pick up around the 12th - 14th May, may be worth buying for a trading bounce sometime next week?

meanwhile, offer book remains longer than bid, albeit not horribly so

Why not just go and test the shell discovery ?....any answers anybody ?.

ask shell.

At the time crude was $10 a barrel.

Wouldn't it be funny if a little rns is issued ; we have intercepted a substantial gas or oil column (I think that's what they call them)......

i'd be laughing all the way to the bank......

Fingers crossed, but I think that a longterm attitude is to be had with the Falklander stocks.

better tie a rope around yourself then....stop you jumping ship....lol :))

Chamber of Commerce
April 30, 2010
by J. Brock (FINN)

ROCKHOPPER EXPLORATION PRESENTATION AT CHAMBER OF COMMERCE
By J. Brock (FINN)


Rockhopper Exploration gave an informative presentation at the Falkland Islands Chamber of Commerce Function Room on Wednesday, 28 April 2010.

The programme began with an introduction by Peter Dixon-Clarke, the Finance Director, who explained the history and make-up of the Company. He explained that no new information about drilling progress would be given out until the exploratory phase is completed.

Colin Anderson explained about some of the geology and seismic that caused Rockhopper to become interested in exploring for hydrocarbons in the Sea Lion Prospect. He explained that since 2004 the Company had shot 2D seismic, identified prospects and shot 3D seismic over them. Rockhopper were able to declare a gas discovery in 2009 as a result of information discovered from seismic and electro-magnetic surveys.

Hans DeJong, the Drilling Manager gave a lively talk about the process of drilling and how a small drill-head can be manoeuvred sideways to reach targets in sensitive areas.

In his concluding remarks Mr Dixon-Clarke stressed that no information about drilling progress will come out until exploration drilling reached its target depth and is completed.

Markymar,

Solid down to earth report with no ramping.

Ta Greek.

true, but tells us bugger all .... not that that is remotely marky's fault

Sunday May 2,2010 -- FALKLANDS DIG DEEPER FOR OIL

The programme of drilling for oil in the Falkland Islands is picking up pace despite opposition

THE programme of drilling for oil in the Falkland Islands is picking up pace despite the failure of a first well and political opposition from Argentina.

Explorer Rockhopper has sunk a second well to the north of the disputed islands while another exploration firm, Falkland Oil & Gas (FOG), plans to drill with the same rig in four to five weeks time.

Rockhopper is drilling where Shell found oil in 1998, while FOG will explore virgin territory to the south of the islands, drilling the Toroa prospect.

Toroa is Maori for albatross, a bird commonly found around the Falkland Islands.

Resources giant BHP Billiton has provided the drill rig, Ocean Guardian. It takes about a month for results to come through.

The chairman of Falkland Islands Holdings, which owns eight per cent of FOG, believes the acreage south of the islands could be lucrative. David Hudd said: This could transform the Falklands economy. It could be a multi-billion barrel prospect.

If oil is found, the islands 3,000 inhabitants would enjoy income from royalties and a tax take.

FOG has raised enough cash to drill two to three wells.

However, London-listed Falkland Islands Holdings has diversified so that it is not solely reliant on an oil find.
It runs the Portsmouth harbour ferry and owns an art logistics firm called Momart.

RKH moving up nicely. DES too.

Wonder if there are rumours with the ongoing RKH drill ? Mudlogs showing oil ?

Interesting.

with the markets all over the place, it's almost impossible to tell.
it could just as easily be some short positions being closed