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.

! ti t'nia taerg s'ti.....

many thanks to TT for highlighting sudden rise ..... i already held some, but then bought some more just 5 mins before the announcement (57) and another batch just afterwards (66) ..... nothing huge for sure but it's certainly helped redress the balance of the disasters of the last couple of days

also topped up DES on the basis that that company remains market leader in the region

Nearly fell of my stool......haven't done that since a kid....wouldn't it be funny if they issued a little rns saying they had encountered oil....my posting a few days ago.....

87p now...keep on buying

i have now had a chance to read through the analysis above ...... very easy to get carried away by greed and relief and euphoria, but remember there is still an awful lot of research to be done before true evaluation

Panick buying now...topped up...can't buy any more....

I wonder how's it going in Argieland ?.

This also means that a lot more money can be raised for another year's exploration in 2011...

there is currently a HUGE scramble to buy with that order book nearly 4x what is on offer

Buy Buy Buy... don't think twice, just buy.

Profits within seconds...

but up to what level? .... now there's the great unknown

Shaikan well syndrome....

A lot of investors won't even know about this yet so the top might not be until next moday at 120p...perhaps...just a guess....perhaps coupled with a market recovery if Cameron's lot get in...

Those with 2nd level might post what prices are the main orders for...if poss. thanks....

from Oriel Securities......................

"Rockhopper Exploration (RKH, under rveiew, 77p) - Sea Lion oil discovery, initial thoughts
Rockhopper has announced that initial indications are that the Sea Lion well in the North Falklands is an oil discovery
The well encountered a 150m gross sand and shale interval with 53m of net pay in multiple pay zones. The thickest zone had net pay of 25m
Average porosity is c19%, but there was no indication of permeabilities at this stage. This remains the key uncertainty given the quality of reservoirs encountered to date in the North Falklands, including the Barremian interval being targeted in this prospect, has been variable
Additional logging information is being collected before a decision is made whether to abandon the well or suspend it for further testing at a later date.
The net pay encountered appears to be larger than that used to estimate the P50 pre-drill resources of 170mmb for the prospect. Our analysis of the seismic time section in the CPR suggests the targeted reservoir interval had pay potential of c20-30m to derive the pre-drill volumes, although this has not been confirmed by the company
Based on a notional US$8.5/boe valuation (may prove to be conservative in a US$90/bbl environment), a 170mmb discovery would be worth c600p/sh
Although early days this is clearly an encouraging result and the positive share price reaction is not overdone. The result also has positive implications for further prospectivity on both Rockhopper's and Desire's acreage in the North Falklands, particularly the Barremian fan plays on the eastern basin margin (Rockhoppers' analogue prospects include Fox at c144mmb and Stephens at c106mmb)
Our recommendation is under review pending a further update on the well, especially any data regarding reservoir quality"

delete

If you take this below and double the 170mmb due to the double thickness net oil pay, you get 340mmb.

Thats a figure of 1200p a share just for this find, thats the potential.

And people are selling at the current price ? Well, its takes all sorts.........


The net pay encountered appears to be larger than that used to estimate the P50 pre-drill resources of 170mmb for the prospect. Our analysis of the seismic time section in the CPR suggests the targeted reservoir interval had pay potential of c20-30m to derive the pre-drill volumes, although this has not been confirmed by the company

Based on a notional US$8.5/boe valuation (may prove to be conservative in a US$90/bbl environment), a 170mmb discovery would be worth c600p/sh

Its all up in the air, but really the upside from here is staggering..... and yet people sell, but thats the market, if people do not sell others cannot buy...... and so it all goes around.

GKP went from 10p to 20p to 30p to 50p to 70p to 120p in the end.

RKH could easily see 400p levels if the news flow is good. But it will be step by step, no straight line upwards, as was the case with GKP.

So what happens if the next one is a duster, P? Those that sold now won't seem so dumb!