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.

Hi Al. Long time no speak. You still sending drills in funny directions?
TT

if RKH's strike is a precursor of some major finds then it will probably lead to a takeover offer, BLT is waiting in the wings!

Reminder.......

"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"

TT - long time. Different occupation these days, but still close to the bit. ;-))

Is there something wrong with live prices...?

Working now and sp hitting the 100p mark....

probably flooded ...... i top-sliced at 95.75 which was arguably too "cheap", but it was profitable even if i took the most expensive i have bought

live as i write is 98.0/99.5

Looking to pass 100p today.

sold out at 98.50p another that will be capped and abandoned imo.

RKH is a strong buy at 100p.

The people who did not know about this yesterday will be buying or selling...

keep plugging away hlyeo98, a dribble is still a dribble at the end of the day.

Balerboy all wells will be capped and abandoned its just this one has about 250 million barrels of oil in it. There is a ship on the way to do a full test on it!

It hasn't got our politicians on has it?

They could do with being capped and abandoned ..

100p still cheap

EMU .... it is not impossible that this well will be be C&A, but not necessarily because the well/site is uneconomic ..... Big Al and others who are far far more knowledgeable than I will, I think, confirm that this is often done while the extent of the whole field is established and thus the best areas/holes from which to extract

not your usual cynical self cynic.....not like you to follow hlyeo98 hype. sp will drop to 60p soon..
edit: dream on marky.

Sold out.....had to take some profits and then clicked the whole lot....risen so much in such a short time...and a lot depends on testing and such...will be back....

A profit is a profit rf so well done.

at last someone with some sense. well done rf, right time to bail out of this sinking ship.