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.

Marky
Don't tell Pro the sun is out otherwise he'll be doing an 'Icarus' with all his high flying!

Hate to see him 'crash and burn!' - or maybe that should be 'burn and crash'?

150P looks like "Rock" bottom?

Some good banter in comments after the artical

http://en.mercopress.com/2012/07/24/is-there-a-solution-to-the-falklands-malvinas-conflict
Is There a Solution to the Falklands/Malvinas Conflict?
By Dr. Yoav J. Tenembaum (*) - The Falklands is a perennial red top tabloid favorite. But aside from providing patriotic copy, it is a squabble with serious diplomatic consequences. What to do (or not do) in the case of the Islands remains tricky. Is there a solution?
Theoretically, yes; practically, no.

I'm not sure a lecturer at Tel Aviv university is the best placed person to suggest joint sovereignty of land to settle an argument between nations - his proposal hasn't worked too well in Palestine - claimed areas!

I would think the upcoming referendum on Nationality in the Falklands will be a resounding rebuttal to Argentina but CFK will no doubt dream up an answer to that

RNS Number : 9127I

Rockhopper Exploration plc

31 July 2012

For immediate release: 31 July 2012

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Publication of Investor Presentation

Rockhopper Exploration (AIM: RKH), the North Falkland Basin oil and gas company, has today published on its website a presentation which it intends to use in meetings with shareholders. This presentation is available on www.rockhopperexploration.co.uk.

The RKH roadshow presentation.

http://www.rockhopperexploration.co.uk/pdf/2012-07-Rockhopper-Roadshow-Presentation.pdf

2nd day of bouncing propperly

sp won't go very far unless (until) fogl have a positive result

http://en.mercopress.com/2012/08/09/argentina-warns-us-and-eu-markets-on-oil-exploration-activities-in-the-falklands

Argentina warns US and EU markets on oil exploration activities in the Falklands
Argentina’s National Securities Commission, CNV, officially communicated leading international stock exchanges in the US and Europe that hydrocarbons companies operating in the Argentine continental shelf in the area of the disputed Falklands/Malvinas Islands are involved in “illicit and clandestine” activities.


-----------------------------------------------------------------------------------

I am sure for Noble to join the ranks of Companies exploring in the Falklands its had to be passed at the highest level in Americana due to the political tension it may course.
So with the Argies trying to turn the screws a bit more with America involved we might see some sort of response soon….i hope…interesting on the political side how this is played out.

Great to have Noble on board hoping they take 5th slot…

Sliding away each day slowly.

Embargoed: 0700hrs, 12 October 2012



Rockhopper Exploration plc



("Rockhopper" or the "Company")



Update re. farm-out agreement with Premier Oil plc



Rockhopper, the North Falkland Basin oil and gas exploration company, announces that it has received formal agreement from the Falkland Islands Government (FIG) and both relevant licensees to the farm-out agreement with Premier Oil plc.



The Executive Council of The Falkland Islands Government has approved changes to the Company's production licence interests held in the Falkland Islands to permit:



· the assignment of 60% of Production Licences PL023, PL024, PL032 and PL033, and 60% of Rockhopper's interest in PL003 and PL004, to Premier Oil Exploration & Production Ltd; and

· the approval of Premier Oil Exploration & Production Ltd to become operator of Production Licences PL023, PL024, PL032, PL033 and area PL004b of Production Licence PL004.

Rockhopper's Sea Lion farm-out approved / By Patrick Smith | Fri, 12/10/2012

North Falkland Basin oil and gas company Rockhopper Exploration (RKH) can steam ahead with its Sea Lion farm-out plans after being given the go-ahead by the authorities.

It has received formal agreement from the Falkland Islands government and both relevant licensees to an agreement with Premier Oil (PMO).

The agreement, announced in July, provided for mid-cap explorer Premier to acquire 60% of Rockhopper's North Falklands Basin licences for $231 million (£149 million) in cash. These include the Sea Lion prospect, which Premier will now take over as operator, while Rockhopper will take the sub-surface lead on exploration activities.

Premier will also provide a $722 million development carry along with an exploration carry of $48 million, funded from a combination of its existing cash pile and income from operations.

In addition, Premier will supply an optional standby financing facility in return for an enhanced share of entitlement production and cash flows from the Sea Lion and related fields.

Analysts at FoxDavies kept their 'buy' recommendation, commenting: "We now wait for the road map for the development of Sea Lion discovery by operator Premier Oil. We believe Premier is well positioned to fund Sea Lion's development, given that financing is available from third parties and from internal resources.

"Furthermore, we estimate that Sea Lion will be online in 2017, but should it be sooner, it has a significant impact on valuation; we estimate $400 million for each year it comes on stream early. Of course, the opposite is true, if it is delayed. Given all of the appraisal work, all that there is left to do is press the button."

before certain people start harping on, i have now held these for some time though i fear at a price considerably higher than now

that said, there seems to be conflicting views as to whether or not Sealion is a commercial prospect in its own right ...... my own view (worth zilch as certain people will be only too happy to point out) is that, as it stands, it is marginal at best ...... however, to suppose that this will be the sole discovery in the northern basin would be very rash - the southern basin is too far away and completely unproven so far anyway ..... the great unknown is when and where will the next strike be made, and how many duds in meantime

some poeple say ........

FD buy rating

Rockhopper Exploration (BUY, 350p) (RKH LN, 170.5p, + 0.29%): Receives approval for Farm-out deal with Premier Oil -We now wait for the road map for the development of Sea-Lion discovery by operator Premier Oil. We believe Premier is well positioned to fund Sea Lion's development, given that financing is available from third parties and from internal resources.

Furthermore, we estimate that Sea Lion will be online in 2017, but should it be sooner, it has a significant impact on valuation; we estimate $400mm (gross) for each year it comes on stream early. Of course, the opposite is true, if it is delayed. Given all of the appraisal work, all that there is left to do is press the button. We are reiterating our 350p Target Price and BUY Recommendation.

It is all a matter of time, do PI's want to invest in RKH when nothing much is going to happen for at least 3/4 years or would it be better to buy PMO and still have an interest in Sealion/Falklands?

19 October 2012

Premier is pleased to announce that it has completed the farm-in for 60 per cent of Rockhopper's licence interests in the Falkland Islands, which includes the Sea Lion development. This follows the expected cash payment of $231 million by Premier to Rockhopper and satisfaction of other closing conditions (including approval by the Falkland Islands Government). Operatorship of the Sea Lion development is expected to transfer to Premier at the end of October.

Commenting on today's announcement, Simon Lockett, Chief Executive of Premier, said:

'We are delighted to complete this agreement with Rockhopper. As operator, we will progress Sea Lion to final development sanction and work closely with the Rockhopper team to mature the exciting exploration opportunities in our shared acreage.'

On the way up more than the last few days, after moving up from lows

It looks like it wants to break from the recent DOWNTREND

finishing at best of the day 161p

I just cant see any news to drive this SP up for a while so why hold the share if its not going to do any thing?

Dead money for now.