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.

Proselenes,

Yes, great RNS. Everything that was estimated in April has improved. Like you say no wonder someone 'fiddled' the sp a couple of days ago. Someone will now make many millions more.

perhaps i wasn't so dumb to top up by 25% yesterday

Testing sidewall cores basically tells them all they need to know with the other data.

A flow test is just a matter of course now, it will be commercial !!

Excellent news.

Up to 669M barrels recoverable.


Whats that worth top side ?? (ignoring for the moment future dilution or farm out)

669 x 8.5$ = 3.868 billon pounds

OR

2361 pence per share


And that is JUST Sea Lion.

So lots and lots and lots of upside potential.


On the basis of the P50 240M barrels

240 x 8.5 = 1.387 Billion Pounds

OR

847 pence per share "post flow testing of wells"



So bring on Ernest and bring on the Sea Lion appraisal well !!



Just love that "REGIONAL SEAL" wording........ :) Lots more prospects now with much higher CoS........

It does not get better than this, and we mostly in from the very start of the new Falkands Oil Fields.

Poor Balerboy and Requiredfield, telling everyone to sell at 90p.

LOL :)

Proseleness,

Due to not having the best memory, I have forgotten yet again what P50 means.
I did research this a few weeks ago, but as said forgot the meaning.
Not a lazy person, but will be busy today to wont have much time to look at the meaning again.
Any chance of a quick/brief explanation.

It will be much appreciated.

Regards Greek.

well i am a lazy fucker, but Mr P kindly explained on posts 1447/1450

Greek, Cynic. Maybe this will help you!

Oily explanations!

P50 is the median between low and best estimate, what they call "most likely".

What you must remember from todays RNS are wording.....

REGIONAL SEAL

NEW FAIRWAY.


This now means that through the other prospects and Sea Lion there is a good chance of multiple billions of barrels of oil for Rockhopper.

Stick the shares in the bottom draw because in a few years time they will be like 20 pound notes each one of them.

Those with shares now have the chance to be just like the initial explorers in the North Sea, you are in at the start of the story at bargain basement prices, so unless you are short of cash tuck them away and wait a few years cause the return on your RKH shares should be mega.

Proselenes/Kimoldfield,

Many Thanks.

Obvious when you think about it.

Great RNS.....HAPPY DAYS

As expected, it looks like it is staying in auction.

my estimate of 350 doesn't look too inaccurate either, though would not be too surprised if sp makes further headway ...... however expect some volatility as a lot of peeps cash in while others buy and/or cover short positions!

Great result......sp going sky high...

exciting.

I am not selling, keep saying that, but why sell when the words "regional seal" and "new fairway" open up the potential for billions of barrels for RKH.

Madness....... hold it a few years and you will see massive returns...... :)

Very exciting.

Manage to top up, whilst opening prices were being set. Bought at 371p, well above the opening price, but did not want to wait to see what the OP would be.
Still not worried re the 371p (obviously should have waited) but I am sure within days if not by close today I will be in profit on todays buy.
I can quickly see a shortage of available shares, playing havoc with the sp. It's yoyo time.

lol..

you gotta be nuts greek....