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.

RNS out on Des.

Preliminary data collected indicate that this well is an oil discovery.
From the Des RNS.....349 metres gross interval with hydrocarbons ,of which 57 metres is net pay.

From early RKH drill results from Sealion.......217m gross oil column with net pay of 53m.

OK obviously VERY,early days yet and many more tests to carry out, but the indications are that the Des find is at least as big as the Rock find.

So looking very good for Des and even more so for Rock.

The EASTERN FLANK FAIRWAY is now proven......... that is the big news.

Looks like straight into auction, as it tries to sort itself out.

I reckont that the area is one big sea of oil....both discoveries are probably linked....perhaps ?....or are they different bodies....?...we shall see....

Sam Moody wasn't exactly overawed:
"Moody said, 'These preliminary results from Rachel North, when combined with Rockhopper's Sea Lion oil discovery, are encouraging for the basin.' "

Sea Lion is a giant..... why would 8M of potential pay be exciting to Sam when he has a world class find on his hands that will likely end up between 500 million and 700 million recoverable barrels 100% owned.

RKH is now the leader, and DES the follower.........

I would put RKH at central point on the Eastern Fairway, with DES having the poorer extremes to the south.

http://www.bloomberg.com/news/2010-12-02/desire-petroleum-surges-after-discovering-oil-at-rachel-well-in-falklands.html


.......Desires Rachel discovery may yield about 50 million barrels of recoverable oil, which would make it borderline commercial, Panmure Gordons Hitchens. Its not a slam-dunk like weve seen with Rockhopper......

I think Gordon Hitchens is almost pulling figures out of fairly thin air. It is far too early to predict such figures. If you look at the Sea Lion find, the Barrels of recoverable oil quoted were up/down like a yo yo and are still not know to any accurate degree.

Why do these people think they can give expert opinion on such scant figures.

Not saying they will be wrong, but anyone of us who have followed these oil explorers figures and oil analysts could come up with figures just as accurate as their guesstimate.

Yes it may yield, 50 million barrels, but then again it could yield 25 to 200. They as yet do not know.

I do agree it is not yet the slam dunk Sea Lion is.

Totaly agree Greek just look at the AGM... S.Moody's "it'll be done this year" quote and blow me they downgrade the amount of oil.......there are no certs in life.

wrong thread

The next well is a duster! Trust me! Sell now!

I have someone on the inside, and I am only posting this as a favour, as I do not wish to see anyone loose money.

I have it on good authority, 'There is no more oil to be found in the Falkland Fields'.
Remember, you read it here first.

I wonder how many of those in the know, who stated, 'Sell its a duster etc', are already penning such posts for the next drill results.
So I will be the first to spread one of those ridiculous rumors and save them time and effort!

At least next time I hope punters will be more skeptical of such posts.
No doubt if the results had been negative, they would be crowing how, 'They told us so'.
These people were either attempting (and succeeding) to knock the price down or/and guessing for the fun/disruption of it. It's as simple as that!
I guarantee they will attempt the same each time drilling/test results are due.

This mornings RNS shows more than anything what notice we should take of these doom mongers. NONE.

For the sentimental types who want to see photo's of the Ocean Guardian flaring the oil during the Sea Lion flow test then have a read of the just uploaded interim report.

http://www.rockhopperexploration.co.uk/pdf/RKH_INTERIM_2010_LOW.pdf

.

News today.

Oil & Gas News:

JP Morgan have said that oil prices will increase to USD 120 by the end of 2012 due to strong growth in demand from emerging markets. JP Morgan have also increased their 2011 price forecast for WTI Crude oil by 3.6% to USD 93.

Greek

Anybody who would buys/sells stocks on the basis of another persons view point is plainly stupid. It is our own money we invest/trade and as such, we take the sole risk.

I try to keep a clear head when trading shares and generally speaking rely on my own thoughts and instincts. At least then, I only have myself to blame!

Considering RKH had only a minor interest in the DES drill, seems a shame that it is being dragged down by the same bad press. Surely good value sub 300p?

That was my thinking too harry, going to be no news from this quarter for a while to keep sp up.,.

BB - did i send you the pic from Kenya?

How much damage has Desire caused to RKH? Despite this they are still intent on 2 more drills in the south basin and waste the rest of their cash - are they trying to go bankrupt or what? All the profits I've with RKH have been wiped out by 3 failures in a row by DES - doomsday share!

have sold out my remaining shares in RKH and invested in another oily AFR. glad i was too 'chicken' to gamble on DES else i would have been sitting on a 50%+ loss vice a 15% loss on RKH. hopefully by better utilising the proceeds i can make up that loss. one always lives in hope.

Alex

YES, cyners, thanks was that a hotel where you stayed with the emu? and was that other pic the Mrs??.,.