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.

i am half in agreement with RF ..... 400mb will be very tasty, but immediate fair value still only about 350 to which some blue sky may be added

Blue with a distinctly rose tint.

I thought i read that they had a presentation on the 19th May.

From the iii thread

If the Shell well 14/10-1 from 1998 and the RKH well 14/10-2 have both sampled identical oil at 27.1 API, 10 kilometers apart, then it is highly likely that an enormous reservoir has been found.

A few bid rumour's around this weekend for RKH , anything in the sunday papers today ?

According to RKH's website they have 24 oil/gas identified prospects with total estimated reserves of 4.3billion boed, so any serious bid for the company would have to be pitched somewhere north of 5.

Nothing on the subject in the w/e FT that I can see.

Depends on whether the reserves are risked or unrisked.

It depends on ernest if this comes in then we have lift off!

surely, not only is ernest an awful long way from sealion, but also are not the results from that going to be a while yet AND it's in southern basin, which is at yet untested as far as i know?

by the way, what actually does (un)risked reserves mean?

Risk factor applied to estimated reserves to reflect probability of being able to extract to that extent.

That told you didn't , Cynic .... lol

Sea Lion prospect has reached a depth of 2,744 metres........what depth is sea lion?

Pressure readings indicate the possibility of two separate oil columns;

The pin has just dropped we are in for some good news.

You dreaming again marky - seem to remember similar indications regarding DES drilling which turned out to be bs... Hope you're right this time...

ZZ you have to have your dreams the difference this time is that the basin is proven.early days for desire as a lot more holes to be drilled.


Hargreave looks to oil

Bradley Gerrard

InvestmentAdviser
Published Monday , May 17, 2010

More oil is "extremely likely" to be found off the Falklands, making the energy sector one of the most "exciting" to be invested in at the moment, according to Hargreave Hale.
Giles Hargreave, chief executive, said the funds his company manages had benefited as a result of the recent oil discovery off the Falkland Islands. He said he took a position in the British oil company Rockhopper Exploration shortly after it announced its discovery in the Falkland Basin. He bought shares at 60 pence and has since sold some of them at a significant profit - the shares touched 260 pence.

"That doesn't happen often," he says, talking about the increase in share price in such a small amount of time. It does appear to be a very substantial find. Not only that, but it appears to be in a basin that extends into a wide area."

Mr Hargreave said it would be "surprising" if the company failed to find more oil in the region. "We can expect there to be other drilling successes," he said. "The basin is relatively shallow, and the oil seems to be good quality. "It is the best time to be in the stock. It is the most exciting time."

Mr Hargreave added that the find's logistics were "not unpleasant" and that the only issue was the political situation. "We have heard from the Argentinians, and it is likely we will hear more from them," he said. "There seems to be tremendous turnover in the shares, but it's been a great success for the funds that we manage."

Mr Hargreave said he was also invested in a company called Desire Petroleum, which had licences to drill off the Falkland Islands. He said it would have no difficulty raising money now that such a significant find had been made. The company's share price had dropped after an unsuccessful initial exploration, but Mr Hargreave said it had risen again on the back of the Rockhopper discovery and could still "have a very significant upside"

He added: "It is unquestionably the most exciting sector, and the risk is better than it used to be."

Buy more RKH at 210p at a discount.

http://www.investorschronicle.co.uk/MarketsAndSectors/Sectors/article/20100518/deeeb524-626f-11df-87d1-00144f2af8e8/Oil-shares-finding-the-next-Rockhopper.jsp

Oil shares: finding the next Rockhopper
Created:18 May 2010Written by:Martin Li
It's the stuff of investment dreams. Shares in Rockhopper Exploration soared sixfold after it announced it had made an oil discovery with its Sea Lion well in the North Falkland basin. This kind of transformational find is precisely what you buy oil exploration shares for, even if Rockhopper hasn't yet commented on likely oil volumes.

That spike alone has propelled Rockhopper into the top tier of oil and gas companies on the Alternative Investment Market, and analysts have already opined - based on early indications of good reservoir quality and pre-drill resource estimates for the Sea Lion prospect - that Rockhopper's shares could be worth three times the current 217p price.

So the Rockhopper story isn't over yet. But clearly, anyone buying the shares now is not getting in on the ground floor. The good news for investors is that several other oil and gas companies have just embarked on exploration programmes that could transform their fortunes too. Several more are due to start drilling imminently.

Exploration is of course far from being a one-way bet, and the chances of drilling failure outweigh those of success. A general industry rule of thumb is that one in six wells will deliver a material result. But judicious management teams can improve on those odds, with careful technical evaluation a wide spread of exploration eggs over several prospective baskets, and strong partners to fund exploration and so minimise the impact of a dry well, or 'duster'. Here are our top picks for imminent exploration newsflow:



FOGL along bet and BOR untill more info....stay with the NFB its a winner its proven now and more info soon and that rig aint leaving!!!certain people are knocking at door hence certain peeeeeps have had to come back from Falklands.....hurry hurry

News coming anytime now, could be today (Wed) or any day now.

The wait for the next round of news is now nearly over.... ;)

hope you bought plenty at 210 hlyeo98......

if he did, he only paid a couple of coppers over the odds, always supposing the rns does not disappoint

I'm back in on my max stake in RKH again - think we will hear good things any day now! DES should do well too