Falklands’ third appraisal oil well results should be known by end of August
Falklands’ Rockhopper Exploration, the oil and gas explorer, pressed ahead with its hunt for oil in the North Falklands with the drilling of its third appraisal well on the Sea Lion Discovery feature last week.
The group told investors that it had spudded the well on 15 July and expected to complete the drilling within five weeks.
Located 4.1km west of the original discovery well, the group will investigate reservoir and hydrocarbon in what will be the first test outside of the 155m barrel minimum case area.
Rockhopper, which was founded in 2004 to hunt for oil and gas in the Falkland Islands, made its first discovery last year followed by a “significant” oil and gas discovery at the Sea Lion field earlier this year.
Both Sea Lion Main and Lower fan intervals are targets, the company said, with the entire Sea Lion Main fan expected to be above the oil-water contact established by one of the earlier appraisal wells and with reservoir expected to be thinner than encountered in previous wells on the Sea Lion feature.
Rockhopper estimates that drilling on the North Falkland Basin well will take around 38 days.
Earlier this month, Rockhopper announced that it has entered into a further assignment agreement to secure an additional well slot on the Ocean Guardian rig. It plans to drill three additional wells in succession following the latest appraisal well.
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there is need an astrologer to ask/learn that there is oil reserve or not !
the crying will start,
South Atlantic Pirate Noil shares…..................................... A sound investment?
I just fell over this year old post from our resident oil expert : “Mr. Beef”
”27 Beef Jun 12th, 2010
Think! FYI, I am holder of shares in FOGL, RKH and DES! I am already counting my newly acquired wealth and am pretty happy with how things are moving………
en.mercopress.com/2010/06/11/argentina-reaffirms-exclusive-authority-over-all-falklands-hydrocarbons-activities”
Lets see how “things are moving”…………….....................................................:
Average share prices for those stocks in July 2010:
FOGL approx. 230p
RKH approx. 290p
DES approx. 100p
Today's share prices for the samr stocks:
FOGL 58p
RKH 231p
DES 18,25p
Somebody must be counting down his newly lost wealth.......
Think PWND!!!! Beef HARRRD!
uber pwn, ultimate ownage
make no mistake the oil will flow, sooner or later.
keep throwing your little money @ failing UK and failing falklands oil plz! while your own politicians and elite throw money at booming south america, lol!
My wealth is not in question.
Such conclusions made by Think indicate that you bunch have little knowledge of how to play the market or of how to come out on top.
You say:
”Such conclusions made by Think indicate that you bunch have little knowledge of how to play the market or of how to come out on top.”
I say:
I know that for a someone to come ”Out on Top” in market speculation; many must ”End at the Bottom”.
You know, the “Sheep” or the “Morons” as you smart speculators call them…….
In the South-Atlantic Oil Share Adventure they are overrepresented by patriotic pensioners with moldy imperial dreams, veterans from Britain’s last glorious war and British squatters in Malvinas.
Enjoy your money……………..
You are ripping it from the same people whose rights you so valiantly defend on these pages……
Think - nice assumption but you are in cloud cuckoo land. With the millions of shares traded on a daily basis if you honestly think that I have the power to ramp or pump anything for my benefit then you have a seriously skewed view of my importance. I know my place so can watch and act when I need to. The market makers balance the market so when ever I want to sell there is another there to buy and vice versa. Can't really see me being able to screw anyone over personally.
Regarding the so called glorious war. You lot started it so stop complaining, we don't complain but then why would we need to?
Regarding the “squatters” you have only two options: forcelby evict them or get a legal judgment that requires them to leave. Why don't you try either?
I ”Think” it is you that has a seriously skewed view of your own importance......
I just called you “speculator” and you interpret it as if I thought that you have the power to ramp or pump anything……………
In my word, lad,……….. a speculator, big or small, is just a parasite…
And I know you ain’t a big one……..
Ultimately we are all speculators, we speculate when we acquire new knowledge and skills, in personal or professional relationships, in careers etc. etc.
Perhaps we are all parasites living off the fat of the land.
At least I am a parasite that believes in an economic ideology that has done more to lift people out of poverty than socialism ever has. A parasite that believes in a political ideology that respects individual rights when compared to savagery and misery that communism left in its wake.
IMHO it is much preferable for the individual and society to be a parasite on the right side of the fence than a poor, hungry and bitter parasite on the left.
No Boy……………
When you, as you say, “acquire new knowledge and skills, in personal or professional relationships, in careers etc. etc.”,.......... you are investing, you are being a good citizen of a society.
When you make money out of unproductive or counterproductive endeavors, you are being a speculator, a parasite……...
Quite simple really.
Flipflop - your opinion counts for nothing and you are incapable of any military or legal attack on the FI. You want the oil then come and get it!
Think - but by paying CGT on my speculation (not if I spread bet though) income tax on my higher wages (through the gamble of acquiring new knowledge etc.) and my work of developing the minds of those I educate then I am being a good citizen. How much do you pay/contribute (and I won't accuse you of lying as I have no way of proving otherwise).
Just looking to help you, that's all.
Any more insults you have for me?
Beef = Dr
Mastershake.. = Msc
(Dr) is more above ( Msc) in academics !
by the way ;
Beef / I know you are interested on some Supermarket shares at Nikkei !
nah, beef is just a lousy investor who's trying to project his sadness, and his “chip on shoulder” on me
and brought two ice lollies with him .lol
Retard - here is some nonsense for you. My core RKH holding of 46025 shares I have left intact and has an average of 114p, eight buys below the current SP and two above. Have held about 40% above this as I derisked my initial outlay.
But what the hell, I am probably just lying?
when the oil flows, they will bitch abt that,
claiming that the oil is theirs .
if* oil flows, not when*
your companies have spent so much and come up with nothin so far ;D
Lol at the uneducated!
that's nothing beef, won't even cover all the loans they've taken out.............IF it's true, which it isn't, more lies/exaggeration
LOL u mad! lol u jelly
decades stagflation
it'll take more than 5,000 barrels a day just to break even on expenditures for the companies and for investors to break even
oh but don't worry, probly just more lies from RockFlopper/Destitute
amigo ! -- more above- is very popular phrase is used at Puerto Rico.
more above = unable to defeat
for example in a sentence ;
(x) company is bigger than (y) company..but
(x) is more above (y) on drilling licence for Falkland Oil around
means that
(x) and (y) both are ineffectual on obtaining oil drilling licences !
Quite funny tittering at the Argies though. Cannot control a group of islands 300 miles off their coast and default on their debts.
LOL y u mad bro? oh yea! cause you losin money! hahahah
Let us imagine that the last appraisal is reengineered as a production well for an FPSO. Let us now imagine that ten (eight production) wells are connected up to the manifold and along comes the FPSO tanker!!!
Hmmm, I wonder how many barrels we will be producing!!! Tasty
Argentina's best and brightest appear to be out today!
y u mad mohammed? oh yea! cause your future = decades stagflation, failing oil attempts bleeding money, etc
ROFL , u sandspazzers crack me up
And I seem to recall another appraisal by rockflopper/destitute that turned out to be lies, lol, much like this one will turn out to be.
If they were smart, they'd be searching off Uruguay's coast instead. Or invest in Brazil's operations. But UK seems resigned to their fate of decades of stagflation and failure, so I have no problem with their pursuit of failed endeavors.
BTW - still waiting for you to tell me about those loans that are apparently financing the drilling. Talk about making it up as you go along!
Surely you remember when you lost all that money, lol.
Proven a liar once, can't ever be trusted again......kinda like you yourself, you remind me of the companies in which you invest
LOL @ mad mohammeds ^
Are you confusing RKH with another company and are you confusing appraisal drilling with exploration drilling? I know you are thick so I will give you my sympathy.
He still hasn't clarified some of his earlier claims about loans etc.
Either he was wrong (and now can't admit it) or was lying. Pulling peoples arguments apart on here is easier than stumping the occasional first year UG Marxist that occasionally passes by my office, and that is saying something.
How did they find your tent to deliver it to?
You sandspazzing mad mohammeds are STILL spazzing?! You must be FURIOUS!
Try getting some sleep nutcase beef, it's no wonder you're so furious and insane, you don't get any sleep, hahhaha
awww, the sandspazzing mad mohammeds are jealous i retired young and live well, while their homes are being foreclosed and they livin in tents, LOL
Still waiting for those loans to be identified as well those RKH lies. Trust the Argies to avoid justifying their claims. Why would I be furious? We easily keep you out of the FI and can drill holes at will.
Usually it is the ones writing in capitals that display their anger.
according to the posts here, FACTUALLY, you were spazzing from 10 PM to 7 PM, that's 21 solid hours of spazzing, without sleep
ROFL, you must be FURIOUS to spazz like that, and nutty in the head too ;)
Has no coherent argument.
Can't read, can't problem solve and cannot perform simple calculations. Hmm by Argie standards this guy is a genius!
what a furious nutcase
“The companies currently involved are mainly start-ups and have little previous experience in producing and selling oil. The technology and know-how needed to develop resources in such a challenging environment probably requires an oil major to intervene.
This looks unlikely. Argentina has extended an economic embargo on the Falklands, restricting port access to foreign shipping en route to the archipelago, while companies engaged in exploration there face the prospect of being blocked from participating in government contracts. All this ensures that any oil company contemplating work in the British overseas territories must be prepared to relinquish access to Latin Americas’ fourth-largest market.
Buenos Aires’s opposition not only closes off the most logical market for future oil sales for Falkland’s explorers. Penetrating the rest of South America may also be tricky. Most neighbours support Argentina in its assertion of sovereignty. The logistical challenge and cost of shipping Falklands oil thousands of miles to North America or Europe could prove prohibitive.
hen there is the political risk for foreign interlopers: BHP Billiton, an Australian mining giant, was warned off drilling near the Malvinas by the Argentinian government last year and walked away. A lack of enthusiasm on the part of Chevron and Exxon Mobil”
Hence, developing new oil and gas fields, together with infrastructure and supply network that sources hydrocarbons from elsewhere is a priority.
The UK may be looking at buying the oil and gas from the FIG Licensed Production Companies, to bring stability to the market and supply here in the UK in future years, and exploration in the Falklands EEZ and off the West Coast of Scotland (again deep water fields), will be of some interest to the UK in planning energy needs for the future.
We would rather deal with friends that are honest, than with people looking to promote their own agenda and wishing to influence us with threats to cut our energy supply, Argentina lives with such threats on a daily basis from its oil rich neighbours, who want to run Argentina for their own benefit.
You lot can continue to live like that if you want to, we won't.
You'll never be anything more than a no good bunch of dago surrender monkeys, with a hand in everyone else's pocket, willing to sell your grandma for the price of your next fix of paco, spending your days with a great big yellow stripe painted up your backs and giving each other the benefit of a reach around.
Aw diddums, dago not got any oil, boo hoo....why don't you just all fcuk off and die like good little RGs eh? Leave running the World to the big boys eh?
Everybody seems to be upset today .....
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