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://en.mercopress.com/2011/05/11/interest-in-falklands-oil-exploration-on-the-increase-at-aapg

Wednesday, May 11th 2011 - 13:42 UTC

Interest in Falklands oil exploration on the increase at AAPG
INTEREST in the Falkland Islands, is on the increase, said Director of Mineral Resources Phyllis Rendell who recently attended the American Association of Petroleum Geologists (AAPG) in Houston.

Well, she would say that..... wouldnt she?
dyor
i have no position. i would like to see you all make a mint.
i have my doubts.hope i am wrong. i often am.(wrong about my doubts that is, not wrong about you all making a mint)
good luck
regards
jkd

http://www.offshore-mag.com/index/article-display/4379153306/articles/offshore/volume-71/issue-5/international-report/success-continues-off-brazil-while-falklands-show-increasing-promise.html

Falklands

Rockhopper Exploration says it has proven a substantial oil column in its Sea Lion discovery in the North Falkland basin. Its latest appraisal well (14/10-4) encountered 33 m (108 ft) net pay in a good quality reservoir. It also established an oil/water contact at 2,477 m (8,127 ft) TVD subsea in the main fan, which suggests that the southern main Sea Lion fan is full to spill.

This latest well aimed to investigate reservoir presence and the oil column at a downdip location. The results were close to Rockhoppers geological prediction.

Top Sea Lion reservoir sands were encountered 66 m (216 ft) downdip from the 14/10-2 well, 2.3 km (1.4 mi) to the southeast. The program revealed 107 m (351 ft) of reservoir comprising four main sands, with average porosity of 20% and permeability of over 100 md.

Rockhopper says 30 m (98 ft) of net pay were intersected in the upper of the four sands, representing the main Sea Lion southern fan. The gross oil column now proven in the main Sea Lion southern fan is 104 m (341 ft).

In the lower sands, some 3 m (9.8 ft) of net oil pay were present. These thin sands are below the water leg of the upper sands, suggesting the presence of at least one additional oil column. They also confirm prospectivity for lower fan sequences developed elsewhere downdip.

A mini-drillstem test was conducted using a dual-packer MDT tool over a 1-m (3.3-ft) interval at 2,486 m (8,156 ft) drilled depth within the oil column. This test flowed oil into the wellbore, providing additional samples and pressure build-up data, which suggest that flow rates and producibility here are better than at the discovery well.

A single MDT sample chamber was opened on the rig and initial wellsite analysis indicates medium-grade oil similar to that in 14/10-2.

After plugging and abandoning the well, the semi Ocean Guardian will next drill the Ninky prospect in the same basin for Desire Oil, before reverting to Rockhopper to drill a minimum of three further appraisal wells on the Sea Lion feature, and possibly more, along with further exploration wells.

Rockhopper now plans to start development planning for Sea Lion.

Falkland Oil and Gas Ltd (FOGL) says it is at an advanced stage in contract negotiations for a deepwater rig for its Southern License area acreage offshore the Falkland Islands.

BHP Billiton, as operator of the companys Northern License area, is also in talks to secure a rig slot to drill the Loligo prospect.

Recently, the partners renegotiated the terms of the Northern License area with the Falkland Islands government. The permits have been extended by one year without any further work commitments or mandatory acreage relinquishments.

On the Southern License area, the Phase I work commitment was completed last year following an unsuccessful well on the Toroa structure.

BHP elected not to enter the second phase, which started on Dec. 3, assigning its 51% interest and operatorship to FOGL, which now has full control over these concessions, and may pursue another farm-out agreement.

FOGL has contracted a vessel to perform a site survey to determine locations for future wells. This will cover separate sites including the Vinson prospect, in the Tertiary channel play, and two new prospects (Scotia and Hero) within the mid-Cretaceous fan play.

Site surveys also will be acquired on Inflexible, a Springhill fault-block, and Undine, a Tertiary fold-belt play prospect. Springhill and Undine are similar to targets Borders and Southern intends to drill in the same region. FOGL will have the option to drill in the event that Borders and Southern has success with its wells.

FOGL may also opt to acquire up to 1,300 km (808 mi) of new 2D seismic data to enhance prospect definition and assist selection of drilling locations.
--------------------------------------------------------------------------------

i post the 2 year chart below which i think makes interesting viewing ..... draw your own conclusions about current sp level of +/-215 and whether or not that now looks good value or offers good risk/reward - you all know the odds and most of the recent history in the area

cynic remember PP and marky not so long ago were predicting the sp would exceed 7. What went wrong?

simples! ..... ever since the initial sealion discovery and subsequent hype, the news has been disappointing to disastrous, especially for DES ...... the collapse of DES inevitably took all other FI stocks in its wake ..... RKH had an unsurprising dud at ninky, but i note that there are to be at least 3 further appraisal wells sunk in sealion in the coming few months ...... i have no idea how successful these are even likely to be (yes, i've read the hype above too!), but it's a reasonable bet that sp will rise in anticipation even if ultimately it all ends in tears

cynic totally agree RKH's failure to capitalise on the sealion discovery has created uncertainty, if they have a major find with sealion why didn't they exploit it?

because the rig was booked to others and i suspect that there was a licence obligation to drill ninky

cynic we wait with baited breath to find out if sealion is as good as it is made out to be.

is that baited with herrings for the sealion?
do you hold any?

cynic we did as we bought into the story, now we are pondering whether to return or take a short cfd.

i bought a few today having been out for a while (thank goodness!), and depending on how things go, just may buy a few more primarily to trade

It's possible that this might be the first share to jump up soon,....we have had a long period with nothing but slumps. Perhaps now this might be the first to shoot up a bit with a good result....2 strikes here so far.....a third and no sp response from a market upgrade would baffle me....

some sp cold feet here today it appears

I'm away next week with only intermittent coverage - any idea when we may expect the next RNS?

not for weeks i think

Great - that will allow me to concentrate on the fishing! Hopefully more success there than currently with RKH.

salmon? tweed?

RKH is one to avoid imo.

Because?