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.hoodlessbrennan.com/stock-research-prices/aim-small-companies/

Hoodless Brennan in their latest AIM report have Rockhopper as a speculative buy recommendation,page 119.

http://www.oilvoice.com/column/All_the_oil_in_the_Falklands/b463029d5f.aspx

PRESS RELEASE


18 February 2008


Rockhopper Exploration plc ("Rockhopper" or "the Company")
3D Seismic Interpretation Update


*Prospect Mapping Completed

*5 hydrocarbon plays identified

*Prospects could contain over 1.9 billion barrels recoverable


*Technical work moving to the next stage


*Substantial increase in drillable targets

Rockhopper is pleased to announce the results of the initial phase of mapping of prospects in its North Falkland Basin licences, PL032 and PL033, where 850km2 of 3D seismic data were collected in 2007. It is estimated by the Directors of Rockhopper that the prospects identified could contain 1.9 billion barrels unrisked recoverable and have P50 unrisked recoverable reserves of circa 1.2 billion barrels. This list of prospects does not include a number of additional leads which are still being investigated. In addition, prospects have already been identified on licences PL023 and PL024 which the Directors believe have P50 unrisked recoverable reserves of 2.5 billion barrels.

The new mapping has identified five hydrocarbon plays in the acreage and confirmed the presence of multiple drilling targets. In addition, the 3D seismic has revealed that one of the exploration wells drilled by Shell in 1998 which (amongst other oil shows) encountered a thin sand with good hydrocarbon shows, is actually located at the very edge of a fan prospect which appears to thicken towards its centre. The Directors now believe that this thicker part of the fan prospect could therefore contain commercially viable accumulations of hydrocarbons.

The acreage, now held 100% by Rockhopper was previously held by Shell and two wells were drilled in 1998. Well 14/5-1 found oil and gas shows, well 14/10-1 recovered live oil to the surface. The Rockhopper 2007 3D seismic survey overshot the well locations and also the unexplored eastern basin margin which is currently an untested oil play.

The data confirm the prospectivity of the acreage and have further reduced the exploration risk as more play types have been identified.

Rockhopper will now commence advanced work on the data which will include AVO analysis, imaging studies, geochemical modelling, further detailed log analysis, depth conversion and reservoir modelling.

A table of prospect sizes and additional technical commentary on the play types is attached as an appendix.

Rockhopper's Executive Chairman, Dr. Pierre Jungels, commented:

"The quality of the 3D seismic data and the further insight into the basin it has allowed us is extremely encouraging. In my experience, we now have a very high quality prospect inventory from which to select a number of drilling locations. Work will now focus on refining the prospect inventory, including those previously identified in licences PL023 and PL024, in preparation for drilling or farming out.

In fairly shallow waters such as we have on this acreage, modern drilling techniques, subsea wells and FPSO technology allow stand alone development of structures smaller than the majority of those identified.

We now have sufficient drilling targets to justify a drilling campaign, whether that means farming out or obtaining a rig as operator. Now that we have a larger number of potential drillable targets we can also begin to accelerate our search for a rig."

NB: This statement has been approved by the Company's geological staff who include David Bodecott (Exploration Director), who is a Member of Petroleum Exploration Society of Great Britain (PESGB) and the American Association of Petroleum Geologists (AAPG) with over 30 years of experience in petroleum exploration and management, for the purpose of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects.

For further information, please contact:

http://oilport.net/news/article.asp?Id=9797

http://www.energycurrent.com/index.php?id=2&storyid=8948

http://www.thisisnorthscotland.co.uk/displayNode.jsp?nodeId=149212&command=displayContent&sourceNode=150624&contentPK=20040439&folderPk=85744&pNodeId=150607

ROCKHOPPER SAYS NEW FALKLANDS DRILLING CAMPAIGN JUSTIFIED

08:50 - 03 March 2008





Uk independent Rockhopper says it has identified five oil and gas plays with a recoverable reserves potential of billions of barrels offshore the Falkland Islands and that there is a "substantial increase" in drillable targets.

Moreover, drilling by Shell 10 years ago may have just have caught the edge of one of the targets as oil was encountered by two wells drilled in 1998, one of which resulted in oil being brought to the surface.



Rockhopper's chairman, Dr Pierre Jungels, said: "We now have sufficient drilling targets to justify a drilling campaign, whether that means farming out or obtaining a rig as operator. Now that we have a larger number of potential drillable targets we can also begin to accelerate our search for a rig.

"The quality of the 3D seismic data, and the further insight into the basin it has allowed us, is extremely encouraging.

"In my experience, we now have a very high-quality prospect inventory from which to select a number of drilling locations. Work will now focus on refining the prospect inventory, including those previously identified in licences PL023 and PL024, in preparation for drilling or farming out."

The initial phase of Rockhopper's mapping covered North Falkland Basin licences PL032 and PL033, where 850sq km of 3D seismic data was shot in 2007.

The 1.9billion barrels figure is the "unrisked" estimate, compared with a "P50" calculation of circa 1.2billion barrels.

Rockhopper says its list of prospects does not include a number of additional leads which are still being investigated.

In addition, prospects have already been identified on licences PL023 and PL024 which the company reckons have P50 unrisked recoverable reserves of 2.5billion barrels.

Crucially, Rockhopper notes: "The 3D seismic has revealed that one of the exploration wells drilled by Shell in 1998, which (among other oil shows) encountered a thin sand with good hydrocarbon shows, is actually located at the very edge of a fan prospect which appears to thicken towards its centre.

"The directors (of the company) now believe that this thicker part of the fan prospect could therefore contain commercially viable accumulations of hydrocarbons."

The acreage, now held 100% by Rockhopper, was previously held by Shell, and two wells were drilled in 1998. Well 14/5-1 encountered oil &gas shows; well 14/10-1 saw oil recovered live to the surface.

The Rockhopper 2007 3D seismic survey overshot the well locations and also the unexplored eastern basin margin, which is currently an untested oil play.

"The data confirm the prospectivity of the acreage and have further reduced the exploration risk as more play types have been identified," said the company.

Rockhopper says it is to start advanced work on the data, which will include AVO (amplitude versus offset) analysis, imaging studies, geochemical modelling, further detailed log analysis, depth conversion and reservoir modelling. Among techniques already applied is CSEM. The company ran two controlled source electromagnetic surveys in the North Falkland Basin, both of which indicated the presence of discreet resistors in the area of the targets. It was in 2006 that Rockhopper contracted Offshore Hydrocarbon Mapping (OHM) of Aberdeen to conduct the surveys early that year. They covered prospect J1 and lead K. Those areas were also the subject of a 2D seismic survey, also acquired during January and February, 2006.

If ever there was a stock I should have bought 2 weeks ago, this would be it!! I didn't, so I'm now wondering how long the trend can last!

TheReverend, the price at moment is chicken feed if you look at final goal.


http://www.ft.com/cms/s/0/7051e8be-ea55-11dc-b3c9-0000779fd2ac.html

From today's FT:

Falkland hopes boost Desire
By Robert Orr and Neil Hume

Published: March 5 2008 02:00 | Last updated: March 5 2008 02:00

Two of the quartet of UK-listed stocks searching for oil around the Falklands closed at all-time highs yesterday.

Interest in the islands was reignited last month when Desire Petroleum signed a deal that should allow drilling to commence at some of its prospects in the region, five months after Falkland Oil & Gas struck an agreement with BHP Billiton.

Analysts pointed out that while there was evidence of oil, nobody had ever harvested commercial quantities.

Borders & Southern Petroleum and Rockhopper Exploration rose 12.6 per to 73p and 9.7 per cent to 79p respectively, both record highs. Desire rose 19.2 per cent to a 10-year peak of 79p.

Falkland Oil & Gas eased 1.9 per cent to 127p.

http://mag.digitalpc.co.uk/ActiveMagazine/getBook.asp?Path=ENRM/2008/03/01&BookCollection=ENRM_AM&ReaderStyle=Normal&browserWindowWidth=1014&browserWindowHeight=718

Page 3 Rockhopper story

Page 12 story on all the companies

Rumours of fund raising circulating to finance 2008 drilling programme?

don't they have enough funds?

Last accounts show cash of just under $5million hardly enough to start a drilling programme, but they are likely to try to share with others after fund raising. Perhaps like DES?

Halifax where did u here that and do u know any more?

RKH doing the rounds in the City at the moment. Their last interim results stated they would like to share the cost of hiring a drilling rig with other exploration companies as well as seeking farm in partners.

u work in the city?

Had some whispers last week of meetings and that fits in well with what a heard

I'm amazed. It just keeps on rising

Rockhopper gained 1.9 per cent to a high of 80p as Landsbanki reiterated its "buy" recommendation on the Falkland Islands exploration group. The broker said while Rockhopper was likely to need a partner or additional finance to fund its exploration programme, the prospect of drilling around the South Atlantic outcrop backed up the fundamental case for the company

http://www.ft.com/cms/s/0/efc5f50a-efd6-11dc-8a17-0000779fd2ac.html

Rockhopper Expl. (RKH) Market cap: 55m
INVESTMENT SUMMARY
We have suggested for a while now that the BHP Billiton farm-in to Falkland Oil & Gas and
subsequent contracting of a rig to drill a well in the Falklands would change the nature of the
game in the region. This view has been strengthened by a second player in the region, Desire
Petroleum, announcing that it has secured a farm-in agreement with a significant party.
Rockhopper, with good acreage and an active sub-surface programme, is well placed to
benefit and we expect the company to attract farm-in deals which are likely to have an
immediate impact on an already undervalued share price.
INDUSTRY OUTLOOK
Rockhopper has assembled an extensive exploration portfolio in the little-drilled waters of the
North Falkland Basin. The Basin, which stretches c.250km from North to South, fell out of
favour in 1998 when a much-hyped drilling campaign, conducted against the backdrop of
falling oil prices, failed to deliver commercial discoveries. Those wells did, however, prove the
existence of two independent hydrocarbon systems and world-class source rock.

Quite a move in he sp recently. Not huge volume (.75m today so far), but maybe we'll see some profit taking at 100p.

Strong momentum today along with DES and BOR. Bodes well for further possible rises.

http://momentum-trader.co.uk