Falkland Islands: Rockhopper Exploration plc 14/10-4 Appraisal Well Spud

Monday, February 21st 2011 - 10:07 UTC

Full article 7 comments

Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-4 appraisal well was spudded at 0040hrs GMT on 19 February 2011. Read full article

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mastershakejb
lol, gonna be yet another well without commercially viable oil
Feb 21st, 2011 - 04:26 pm - Link - Report abuse 0
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yul
mastershakejb ! ... selaymunaleykum !
Feb 21st, 2011 - 07:07 pm - Link - Report abuse 0
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Think
TWIMC and Mr. Beef..............

Shares 5.86% down today on well spud news…………………….. :-)
Feb 21st, 2011 - 08:13 pm - Link - Report abuse 0
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Beef
Think - I know you can read so there is no need to show me.

Why would I be bothered about the price volatility on spud, or after the last RNS? RKH are in the process of appraisal in order for reserves to be booked. I will care about the SP when after another 8 or so drills.

FYI - price drops on spud as investors have an idea regarding timeline before shifting their money back in. For about 20 days then can put the cash elsewhere to make more and then get more shares than they had before. Not hard for a clever boy like you to figure out.

Spud....drill.....spud.....drill.....spud....drill.... etc. It is called exploration!
Feb 21st, 2011 - 11:11 pm - Link - Report abuse 0
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JB
Beef you might be right, but today was different, if what you said actually holds true, then we should have seen much more volume of trading, which was not the case.

I think that the results of this spud will be very important, this well is located 3 km from the Sea Lion “discovery”, if RKH realease another dissapointing statement, then i guarantee you that you won't need another 8 drills
Feb 22nd, 2011 - 02:46 am - Link - Report abuse 0
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Beef
JB - there was no reason for volume to be high today (and it wasn't). Volume will only pick up when we get close to results or when the IIs start to pick up info. The increased volume came post last RNS as the timeline was already known as RKH had already announced their drilling schedule. If selling volume was higher then the drop would have been greater as stops got taken out.

RKH is funded for the 8 drills so regardless of what this appraisal yields then 8 drills is what we get. Money and contract is in place.
Feb 22nd, 2011 - 07:22 am - Link - Report abuse 0
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Think
TWIMC but not to Mr. Beef..... He is not concerned:-)

Rockflopper:
232.50 Down-16.50 -6.63%

Nice...............
Feb 22nd, 2011 - 06:36 pm - Link - Report abuse 0
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