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.

Cheers dc

Plenty of fall yet till I pick some up

Camping at Robins hoods bay

RNS will Odey rock the boat, sp continues downwards?

Odey held 12.61% as at 1 August and now up to 13.83% as notified today.
They must think that there is something there for them otherwise why add more shares.
I don't want to think about them selling their holdings!

TT Odey were pressing for a return of capital or dividend when the farmout with PMO was announced, this question remains unanswered.

Ok. Forgot about that.
But the other question is then why did they add to their holdings if they were at all concerned? I think they just saw a bargain.

TT perhaps Odey are trying to put more pressure on RKH to distribute some of the proceeds of the farmout before it is spent by the directors.

Now Odey's holding is down to 12.96%

Keep this a secret as I don't want the Argies to know but they have forgotten Rockhopper on their list

Monday, September 9th 2013 - 02:19 UTC
Falklands’ Premier Oil joins Argentina’s ‘black list’ of companies ‘illegally’ operating in Malvinas waters
http://en.mercopress.com/2013/09/09/falklands-premier-oil-joins-argentina-s-black-list-of-companies-illegally-operating-in-malvinas-waters

United Kingdom’s Premier Oil PLC has been incorporated to the black list of companies banned by Argentina from operating in the country because of its hydrocarbons ‘illegal and clandestine’ activities in the continental shelf next to the Malvinas Islands without the competent authorization.


Resolution 481/2013 signed by the Energy Secretary Daniel Cameron and is based on the Argentine Law 17.319 which refers to hydrocarbons exploration and production in the country.

Premier Oil thus joins four other AIM listed oil companies carrying out exploration work in Falkland Islands waters which in August were also barred from operating in Argentina for twenty years: Borders & Southern Petroleum, Desire Petroleum, Argos Resources and Falkland Oil and Gas. According to the Argentine government website the ban was implemented with four resolutions: 456/2013; 457/2013/ 458/2013 and 459/2013 from the Energy Secretary.

The 481 resolution says that Premier was notified on 2 August 2012 of Argentina’s determination of initiating all the necessary legal, judicial and administrative actions in defence of resources in its territory, and thus the British company was exposed to sanctions in the different areas.

Premier had ten days to reply the notification but ignored it, thus in consequence resolution 260 from May 2013 declaring illegal and clandestine the hydrocarbons activities of the AIM listed company in the Argentine continental shelf. The final resolution was notified through the Argentine foreign ministry on 11 July 2013.

“The illegal and clandestine activities” from Premier Oil Plc refer to the farm-out deal agreed with Rockhopper Exploration, which is the titular of the ‘illegal’ licences awarded by the ‘illegitimate government of the Malvinas Islands’, and of which Premier acquired an operational percentage.

In July last year Premier Oil announced a one billion dollars deal to farm in and develop Rockhopper Exploration oil and gas discoveries in the Falkland Islands. Premier said it would partner Rockhopper paying it an initial 231 million dollars in cash as well as providing around 770 million to help build infrastructure for the development of the Sea Lion field 2010 oil discovery in the north Falkland basin.

http://www.proactiveinvestors.co.uk/companies/news/62118/rockhopper-gulf-keystone-upgraded-as-goldman-screens-for-oil-sector-takeover-targets-62118.html

Rockhopper, Gulf Keystone upgraded as Goldman screens for oil sector takeover targets

If you had to use just one charting signal I think it would be the 200 day moving average. A case in point is Falklands oil hopeful Rockhopper Exploration (RKH) – shares in which now trade at 144p: but are heading higher.

Let’s look at the daily chart. You can clearly see how, for the first time since July 2012, the shares have broken through the 200 day moving average currently at 139p. This is so material that brave traders might consider going long now without waiting for support to come in above the 200 day line on an end of day close basis or a higher low put in above this feature.

The logical upside target is be the former March resistance level of 160p and that could be on the cards by the end of this month (October).

Cautious traders would wait for a weekly close through 139p - the 200 day moving average - or even slightly higher, the 141p August resistance before buying into a stock which has persistently disappointed in recent months.

However, it does seem that in the wake of the August bear trap below 120p the shares are finally on heading steadily north. You will note the 20 day / 50 day moving average golden cross buy signal at the start of this week adding to the 200 day line breakthrough.

18 December 2013



Rockhopper Exploration plc

("Rockhopper")



Resolution of Capital Gains Tax liability





Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce that it has reached an agreement in principle with the Falkland Islands Government ("FIG") regarding the timing and quantum of the Capital Gains Tax ("CGT") liability due as a result of its farm out to Premier Oil of a 60 per cent equity interest in its Sea Lion discovery.



Following extensive discussions, the parties have now agreed in principle that the total CGT payable is $146m with payment split into two tranches. The first payment, due immediately, equates to $42m, of which Rockhopper paid $39m in June 2013. The second payment equates to $104m and will now be paid at the same time as the first royalty payment to FIG from oil production at Sea Lion. The liability is to be settled in GB£ at the exchange rate prevailing at farm out completion of $1.6134/£. Further detail will be covered in the interim results which are anticipated to be released shortly.



Documentation of the above agreement will now commence, with a view to becoming effective by the end of January 2014.



Sam Moody, CEO of Rockhopper, commented:



'I am pleased that we have now reached agreement with FIG and that the uncertainty over the quantum of CGT Liability is now resolved. This is an important commercial milestone for Rockhopper as we drive the Sea Lion development forward with our partner.'

Rockhopper Exploration plc 16 January 2014
For immediate release: Thursday, 16 January 2014
Rockhopper Exploration plc ("Rockhopper" or the "Company")

Sea Lion Development update
Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce that it has completed the concept selection process for the Sea Lion Development with partner Premier Oil ("Premier"). Premier as Operator of the field has recommended the Tension Leg Platform option as the most suitable technical and commercial solution for the development of Sea Lion. Rockhopper has been working closely with Premier and agrees with that recommendation.
Premier has also indicated that Final Investment Decision is now likely to be taken in the first half of 2015 and Rockhopper continues to expect first oil 3½ - 4 years after project sanction. In terms of exploration, the Zebedee, Jayne East, Elaine/Isobel, and Chatham prospects have been matured to drillable status and a rig tender process is underway. This is being conducted in conjunction with other regional operators and includes four firm slots for the Rockhopper / Premier joint venture.
Rockhopper expects a contract to be awarded in the first half of this year and the first well to spud in late 2014 or early 2015.

Sam Moody, Rockhopper Exploration's Chief Executive Officer said: 'We are pleased to have reached another significant milestone in the commercialisation of the Sea Lion Field. The Tension Leg Platform provides operational and commercial advantages over the FPSO alternative and it was worth taking the extra time needed to evaluate the option. We now move forward into the Front End Engineering and Development stage with a view to making a final investment decision in 2015.'

why was i so daffy not to short this one yesterday (at the latest)?

Not looking good at all.....

Interesting acquisition by RKH.....

StockMarketWire.com
Rockhopper said ERC Equipoise Limited has provided its report, which confirms no liquid hydrocarbons have been encountered in the HQ Prospect. Therefore, the Agreed Resources are nil and no Contingent Consideration is payable.

In July, it appointed ERC Equipoise Limited to produce a Competent Person's Report to determine the 2C Contingent Resources estimated to be potentially recoverable from the HQ Prospect.

The news was in relation to Rockhopper's cash, share and contingent consideration offer for Mediterranean Oil and Gas.

Mediterranean Operations Update
Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following operations update for the Mediterranean portfolio.

Highlights
· Plans progressing with operator to increase production at Guendalina gas field

· Civita onshore gas development project sanctioned - first gas expected Q4 2015

· Participation in Croatia and Montenegro first offshore licencing rounds

· Estimated capital investment in Mediterranean assets of $5 - 10 million in 2015

Guendalina (Rockhopper 20%)
Since Rockhopper completed the acquisition of Mediterranean Oil & Gas plc ("MOG") in August 2014, net gas production at the Guendalina offshore gas field has been maintained, following minor well interventions, at approximately 200 boe/d.

Rockhopper is actively supporting the operator's (Eni's) planned work programme to drill a side track to the well that is currently shut in following damage to the wellbore in 2012. The sidetrack is currently scheduled for Q4 2015 / Q1 2016 and Rockhopper would anticipate investment of up to $6 million (net to its 20% interest) with expected increase in net production to over 400 boe/d.

Civita (Rockhopper 100%)
Following receipt of the last significant regulatory approval, Rockhopper is pleased to announce the sanction of the Civita gas field development.

The Rockhopper operated Civita development, located onshore Italy in the Abruzzo region is expected to produce approximately 1.0 bcf of gas over a 4 - 5 year field life. Construction of facilities and pipeline are expected to commence in early 2015 with first gas anticipated in Q4 2015. Capital expenditure on the Civita development is estimated at $3 million.

While modest in size, the economics of the Civita field are considered attractive with an IRR > 20%, payback in 18 - 24 months and an expected contribution to production of approximately 150 boe/d in 2016.

Croatia and Montenegro licence applications
Rockhopper has applied for acreage in the first offshore licencing rounds in Croatia and Montenegro. The outcome of such applications are expected later this month in the case of Croatia and early 2015 in Montenegro.

Sam Moody, CEO of Rockhopper, commented:
"Since completing the acquisition of MOG in August, we have conducted a thorough review of the portfolio with a view to focusing on those assets that provide low-cost opportunities to unlock value.

Participation in the Montenegro and Croatian licence rounds provides potential low cost, early entry to highly prospective acreage in regions with proven hydrocarbons. We continue to evaluate both organic and inorganic options to grow our second core area in the Med & North Africa."

StockMarketWire.com
Rockhopper Exploration has been awarded a 40% interest in offshore Block 9 in Croatia in partnership with Eni (60% interest and operator).

The block is located in the relatively shallow water of the prolific Northern Adriatic gas province and contains the previously discovered Ksenija accumulation along with the Klaudija prospect.

The anticipated work programme consists of seismic acquisition, processing and re-processing during the first exploration phase (3 years) with the drilling of a well in the second exploration phase (if Rockhopper elects to proceed to the second phase).

Signature of a Production Sharing Contract with the Croatian Hydrocarbon Authority must be completed by 2 April 2015.

In addition, and as previously announced, Rockhopper has also applied for acreage in the first offshore licencing round in Montenegro. The outcome of such application is expected in Q1 2015.

Sam Moody, Chief Executive of Rockhopper, commented:

"We are delighted to be partnering with the leading international producer in Croatia as we build our position in our second core area of the greater Mediterranean region following the acquisition of MOG. This represents an outstanding low cost opportunity to increase our acreage position in an area with proven hydrocarbons."

Rockhopper Exploration Plc - The 70th Oilbarrel Conference

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