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.

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the previous writer was probably unaware (poorly read) that the saying carried a curse

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They saying, for anyone who understands Chinese, is that only in interesting times do things happen. A life of boring monotony is not the best life.

Similarly the characters for Chaos and Opportunity and virtually the same, which ultimately means that in Chaos there is always Opportunity.

But then, I speak Mandarin and have extensive time in China, people like cynic have probably seem a video and some photo's.

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mnamreh, its ok.

cynic is really not happy I have pointed out with RKH and XEL this year that his "buy and sell and buy and sell and buy and sell" has in fact "lost lots of potential profit" - and my strategy of buying good stocks, at low prices and holding long term - has been proven better.

So as this has happened cynic is being bitter and twisted and making snide comments everywhere. As you will notice, its always cynic being the bitter and twisted poster throwing the first stone each time...... ;)

Never mind....... these things happen........ :)

MN .... a little research indicated that this may not be a chinese proverb at all, but one that has been superimposed upon them ..... by the way, i made (banked!) a lot of money on RKH over the last 12 months and actually still hold some

Dont forget my pint Cynic next time am down your neck of the woods,2011 will be a cracker pardon the pun for RKH.

:-)

indeed marky .... by that time i'ld hope much of the crud and ramping hypotheses will be in the bin where they belong (as with XEL) and it will be much clearer as to what lies ahead in FI in general and RKH more specifically

Marky
It looks as though RKH are going to be ending 2010 on a high as it is!

It was obvious to all that this has to rise.....400p plus before the next spud, I reckon.....there has to be a lot more oil somewhere around there....and I still think that DES might strike it lucky one day.....

Looks as if people are starting to see through all the deramping nonsense and misleading stuff in the media written by crooked short holders and realise this next well is a big one, potential to put Sea Lion up into the billion barrel recoverable range with no downside to Sea Lion as it is outside of the present defined Sea Lion area.

Having been in this from 38p, never sold, no plans to sell (no muppet trading like many who scream sell one day and then happen to be back in as the price moves higher still) and having purchased more all the way along, I hold a 6 figure sum in RKH, and its my nap for 2011.

No better stock to have your money in, RKH has 250m in cash in the bank, Sea Lion find that is presently undervalued by the market, and up to 4 billion RECOVERABLE barrels or more of exploration potential......

:)

Same old stuff......i've held from 38p.........never sold...........yyyyaaaawwwwwnnnnn

i just love that disagreeing with the mob (deramping) is "nonsense and misleading" whereas as ramping twaddle (1bn barrels recoverable etc - sorry; latest is 4bn) is not ..... i just love that someone who shorts is de facto "crooked ...... for myelf, i'm happy to be holding a modest number, which i may add to at some point ...... and yes, thanks to marky convincing me to buy a while back, i am absolutely delighted to have banked a very considerable slab of profit in recent weeks/months

Nice Blue start to the Morning:-)

RKH in 9th place.

http://www.nasd100.com/2010/12/85-uk-stocks-that-have-doubled-year-to-date-updated-dec-24-2010.html

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http://www.pennenergy.com/index/petroleum/display/6790794339/articles/offshore/production/latin-america/2010/12/rockhopper-returns.html


Rockhopper returns to Sea Lion

Offshore staff

PORT STANLEY, Falkland Islands -- Rockhopper Exploration has agreed to take the semisubmersible drilling rig Ocean Guardian for at least two more wells in the North Falkland basin, with options for further slots.

The company is currently in discussions with the Falkland Islands government concerning the declaration of a Discovery Area that would likely take in the southern lobe of the Sea Lion fan. Here the Ocean Guardian drilled the 14/10-2 Sea Lion discovery well for Rockhopper earlier in 2010.

Rockhoppers expects to spud the 14/10-3 well during January to explore the northern lobe of the Sea Lion fan system outside of the proposed Discovery Area, and around 8 km (4.97 mi) from the Sea Lion discovery well. The well will also target deeper sands, including S2, a newly-identified reservoir feeder system with a total area mapped presently at 42 sq km (16.2 sq mi). It will be drilled downdip to the main part of the S2 fan, which is mapped on existing 3D seismic, and is contained entirely within Rockhopper-held acreage.

Next the company plans to drill 14/10-4 as an appraisal well on the southern lobe of the Sea Lion fan system, but timing depends on the order of drilling slots yet to be allocated.

Rockhopper adds that it has identified other potential drilling locations which would involve a combination of appraisal and exploration wells.

12/27/2010

For those that cannot viksualise the 2 drills RKH will do in early 2011 one can look at the pic below. (and please, this is just very rough in order to illustrate and its not to scale)

The original Sea Lion discovery drill is in the red circle. As you can appreciate this is not in the centre of the structure and this is why present estimates are just P50 of 170 million recoverable barrels, as the CPR only includes the area within the red circle.

The Southern lobe is big and the northern lobe is a bit smaller than the southern one.

So, the first drill ( 1 x ) will be a test of the Northern Lobe and by association will, if it hits oil, make the P10 figure become near to the new P50 (all of the green shaded area) in excess of 1 billion barrels recoverable potential. It will derisk the blue circle area considerably and some of that, after flow test, can be added to P90 figures.

The second drill ( 2 x ) will be a test of a more central location of the Southern Lobe, and hopefully being more central they will encounter thicker net pay. Success here will allow the present discovery area of the red circle to be extended to be the size of the yellow circle, again which will boost up the P90 and P50 figures.

Further appraisal wells will be to test and prove up the area's not in the circles at the moment, so in between the north/south lobes and possibly one to the West.

Hopefully that allows a bit of a better understanding as to why the first drill is classed as "exploration" and has a massive upside effect, but no effect on the present defined small Sea Lion discovery area. Also, one can understand why the second appraisal well will have a significant effect on the P90 size and the P50 size.

One should also note that the data so far is based on 2 stacked fans however, there is a very real chance Sea Lion is up to 7 stacked fans and they have not found the oil/water contact point meaning that there might be a lot more oil there than presently envisaged in the P10 recoverable size estimates.




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Hi Proselenes,

As you say, 'this is just very rough in order to illustrate and its not to scale', but it does give a very good picture of the potential of Sealion.
Many if not all of the figures are big ifs, but as that is the beast of oil exploration investing the odds look good.
There must be far more upside than downside, but it is still a hit and miss business to be in.
Interesting and nail biting times indeed.