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.

"Did you ever venture into Tynemouth......"

I wasn't THAT brave!

Just a wild thought.

Could it be that the results of the Coring are so unbelievably good that even they find them hard to accept, so there double/triple checking.

All together now.......Always look on the bright side of life!

Note...The above may be more nearer the truth then we think!

Maybe more tests Greek so they can give more detail....great to have more meat on the bones something to chew on.

Off down the mine lets hope there is some news when i get back up clip clop clip clop

Avsec where your stomping ground?

Markymar,

Looks like your right re further testing.

Posted on another site.
This is obviously the reason why no RNS.

They didn't say further announcement in 7 days.

They said drilling will take a further 7 days

A further announcement will be made once coring is completed (no timescale mentioned on this) END

I usually pride myself on detail, but I must admit to adding 2 + 2 and getting 5 on the 7 day expected coring timescale meaning a RNS release in 7 days.
As we know coring completion, will mean logging the findings, so could be a few days yet.

The RKH share price has held up well today

Might be a third discovery by the look of it.....

Wonderful reaction by the market.....shouldn't this go up ?...not down....

I think the sp drop is due to the fact that most were expecting news similar to the updates we have had before following the coring, but the coring has to go for full, analysis. That should see the sp move back up.
Of course the general market malaise is not helping.

StockMarketWire.com
Rockhopper Exploration has confirmed that coring operations at well 14/10-9z have been successfully completed.

The sidetrack, well 14/10-9z, was drilled to a total depth of 2600m md. A total 60m of core was cut through Casper and Sea Lion bringing the total amount of core cut during the entire drilling campaign to 340m (1,115 ft) to date.

Additionally, a further set of formation pressure test points and samples were taken over the Kermit reservoir which indicate residual oil saturation.

The well will now be plugged and abandoned as planned and a further announcement will be issued on the spudding of the next well, located in licence PL004b (which Rockhopper has farmed into with operatorship and an aggregate 60% interest), which will target the most southerly extent of the SLMC and additionally the Beverley prospect.

Fracking oil anyone.

Having been invested in RKH for several years hoping to make my fortune (isn't that why we are all here), I could have perhaps invested in an oil discovery less than 2 miles from where I live, instead of an oil field several thousand miles away.

Rathlin Energy to drill for Yorkshire oil.

So should I sell my shares in Rockhopper or stick with them.
I suspect the Sealion and accompanying discoveries may be just a tad bigger, than the Bishop Burton field.

http://www.bbc.co.uk/news/uk-england-humber-15865887

greek who is going to pay to bring the "estimated" oil to market?

Halifax,

Are you referring to the Falklands or the Yorkshire find.

greek the more exploitive find.

The Yorkshire one then

StockMarketWire.com
Rockhopper Exploration has announced that the 14/15-4 well was spudded on 28 November.

The Well is situated on Licence PL004b in which Rockhopper will earn a 60% interest by drilling 14/15-4. The Well is designed to investigate reservoir presence and hydrocarbon charge towards the southernmost mapped limit of the Sea Lion field .

The Company intends to drill to target depth then subsequently sidetrack to core should significant hydrocarbon charged reservoir be encountered in either the Sea Lion Main Complex or Beverley.

Initial drilling and logging operations are expected to take approximately 20 days and a further RNS will be issued prior to commencing any sidetrack.

The Company intends that 14/15-4 will be the final well it operates during the current drilling campaign.

Holding both at present i can more upside in Desire so thats my largest holding at present.

Appraisal of Sea Lion and exploration of Beverly double yummy

.

Marky
Avsec where your stomping ground?

After a few years of debauchery in the NE, I had to move South for the day job!

Now trying to drink all the produce of my cider orchards in Deepest, Darkest Zummerset!

Had a 'Newton' moment today when the apple came down - and Rockhopper went up! 253 at close I think!

Nice to see this climbing as this is my numer uno stock !.....

THat's through 270 - way to go!

An interesting article yesterday......

Date: Thursday 01 Dec 2011


Rockhopper Exploration is, perhaps, the most intriguing stock on the AIM exchange. Taken in isolation this oil exploration company, with a market capitalisation of 745m, is interesting in its own right.

Rockhopper cannot, however, be taken in isolation because its interests in the seas off the Falkland Islands and its success, so far, in discovering perhaps 400m barrels of oil make it politically as well as commercially fascinating.

Rockhopper was formed in 2004 with the express aim of finding oil in the pre-historic river basins which lie to the north of the Falklands Islands and which are now covered by the bitter waters of the South Atlantic.

In April 2010 the company achieved its objective with well 14/10-2 in the Sea Lion basin, the first discovery of oil in the Falkland Islands.

Tests showed this first well flowing at a rate of 2,000 barrels of oil per day. A subsequent well dug two kilometres away then showed possible flow rates of 2,700 barrels of per day. Earlier in 2011 one well was flow tested at 5,500 barrels per day.

The mid case estimate for the amount of oil is now 389m barrels of recoverable oil. With black gold currently selling for around $110 per barrel the Sea Lion discovery could yield a value in excess of $4bn.

Its these numbers which have pushed Rockhopper shares up 435% since April last year. In fact, some might expect Rockhopper to be valued even higher than its current 264.5p. Thus, EVO Securities has a target price of 450p, while analysts at Merchant Securities are aiming at 428p.

The trouble is several questions surround Rockhoppers prospects.

The most significant, according to Andrew Matharu, Head of Oil & Gas at West House Securities, is that a mini Aberdeen would need to be built on the Falkland Islands to handle the vast amount of oil that would be pumped up from the ocean floor.

The construction of industrial grade infrastructure in-and-around Port Stanley may cost 2bn. Finding finance for such a large development will be a particular challenge for Rockhopper in the current climate.

The second problem is that whoever does decide to take on the infrastructure project will face a deafening silence from Argentina which for obvious reasons is not expected to provide any logistical support. Given the isolated position of the Falkland Islands this will increase complexity and cost.

It is also possible (if unlikely) that Argentina may be militarily provoked when it finds hundreds of millions of dollars in oil money being made on its doorstep, in territory it considers its own.

Rockhopper, in other words, is no racing certainty. Raising money could be difficult, putting in the infrastructure will be technically challenging and if the neighbours get shirty then things really would get choppy.

Recent, further discoveries of oil, however, are firming up the belief that Rockhopper could really make it to full production of the Sea Lion basin.

Early in November the company dug well 14/10-9 which firmed up expectations of achieving the mid case scenario of 389m barrels.

Merchant Securities believes this latest discovery was a critical development: because the primary investment thesis for Rockhopper is about value recognition. We do not need more exploration success; we need only to firm-up the mid-case estimate.