Falklands Blog mentions for August 25, 2010 showing 6 entries

Venezuelan President Chavez to Britain: Get out of the Falklands – World News

1. axisoflogic.com — CARACAS, Feb 20 (NNN-PRENSA LATINA) — President Hugo Chavez warned on Friday that Britain is insisting on occupying the Falkland Islands because of the existence of oil and gas there, and defended

   CARACAS, Feb 20 (NNN-PRENSA LATINA) — President Hugo Chavez warned on Friday that Britain is insisting on occupying the Falkland Islands because of the existence of oil and gas there, and defended the right to strengthen the defense to protect Venezuela”s hydrocarbon riches.

   In a TV broadcast address, Chavez wondered…

   more info…

   Published: August 24, 2010

2. Rockhopper Exploration shifts focus towards Sea Lion flow test

   www.stockopedia.co.uk — Rockhopper Exploration (LON:RKH), the Falkland Islands focused oil and gas exploration company, this morning confirmed that it had safely plugged and abandoned the dry hole that it had drilled

   Stockopedia News -:
   Rockhopper Exploration (LON:RKH), the Falkland Islands focused oil and gas exploration company, this morning confirmed that it had safely plugged and abandoned the dry hole that it had drilled on the Ernest prospect in the North Falkland basin following completion of all logging runs. Rockhopper revealed initial results from the Ernest well last week but the failure did little to dampen investor enthusiasm for the company, which discovered oil in its Sea Lion exploration well in May this year. The Ocean Guardian drilling rig is now preparing to proceed…

   more info…

   Published: August 25, 2010

3. Rockhopper Exploration plugs and abandons Ernest well, set to test Sea Lion discovery

   www.proactiveinvestors.co.uk — . North Falkland Basin operating oil and gas explorer Rockhopper Exploration (LON:RKH) is preparing to flow test its Sea Lion discovery well after plugging and abandoning the Ernest 26/6-1 exploration well.. .

   North Falkland Basin operating oil and gas explorer Rockhopper Exploration (LON:RKH) is preparing to flow test its Sea Lion discovery well after plugging and abandoning the Ernest 26/6-1 exploration well.

   Ernest 26/6-1 proved to be a dry hole after all logging runs were completed.

   The Ocean Guardian drilling rig will now proceed to the Sea Lion location where the company will carry out a flow test on the Sea Lion discovery well 14/10-2 after submitting the final design of the test programme to the Falkland Island government.

   The Sea Lion well has so far been the sole success of the widely anticipated and closely followed drilling campaign in the Falklands. Analysis performed on the well in June showed that it had discovered medium gravity oil.

   The analysis of the discovery confirmed the first contingent resource in the Falklands, and upped the recoverable resource estimates from 170 mmbbls (million barrels) to 242 mmbbls.

   Rockhopper believes that the well has opened a fairway to licenses PL032 and PL033 and will now test the well “at the earliest opportunity” during the current campaign.

   The flow test is expected to give an early indication of the production potential of the reservoir sands and will be a key part of the planning process required to move forward to full appraisal and possible development programmes.

   The news didn’t have much of an impact on the company’s share price and the stock was little moved this morning.

   The wider Falklands play is made up of two separate basins, the North basin and the South basin. Rockhopper and Desire Petroleum (LON:DES) have been drilling their interests in the North basin, and Borders & Southern (LON:BOR) and Falkland Oil & Gas (LON:FOGL) have prospective interests in the South Basin.

   Recently, another company entered the fray, with Argos Resources (LON:ARG) joining London’s AIM market. Argos owns a number of prospective interests in the North Falkland basin, and with the support of a recent £22m fundraising it plans to identify drill targets with a 3D seismic acquisition slated for 2011.

   more info…

   Published: August 25, 2010

4. Sea Lion test imminent

   www.offshore247.com — Falklands explorer Rockhopper exploration is preparing to test the Sea Lion oil discovery in the South Atlantic.

   Falklands explorer Rockhopper exploration is preparing to test the Sea Lion oil discovery in the South Atlantic.

   more info…

   Published: August 25, 2010

5. re. Rockhopper Exploration upbeat on oil characteristics at Sea Lion discovery

   www.stockopedia.co.uk — emptyend posted:. … Key news approaching regarding Sea Lion, … Submission for approval of the final design for the flow test programme was made to the Falkland Island Government on 24 August 2010.

   emptyend posted:
   Key news approaching regarding Sea Lion, following today’s announcement:

   The Ocean Guardian drilling rig is now preparing to proceed to the Sea Lion location where the Company intends, subject to all necessary consents, to carry out a flow test on the Sea Lion discovery well 14/10-2. Submission for approval of the final design for the flow test programme was made to the Falkland Island Government on 24 August 2010.

   The design for the initial flow test uses equipment that is available on the Ocean Guardian and…

   more info…

   Published: August 25, 2010

6. Whats Happening??? What is Enegi up to??

   www.iii.co.uk — MATD is on the up and RKH as with Encore Oil. … BLVN looks interesting (after taking a hammering on their share price today) and Argos Resources has joined the hunt for oil in the falklands and are in the 30p bracket….. .

   Apart from the blurb on their website anyone got any idea why I should be hanging onto the shares I got in this company. MATD is on the up and RKH as with Encore Oil. Havent got much invested in this one, down by some 4p, bought in at 24p then at 16.25 so averaged at odd 20p but still wondering why I bought these in the first place!!!! Any help / info greatly appreciated folks. BLVN looks interesting (after taking a hammering on their share price today) and Argos Resources has joined the hunt for oil in the falklands and are in the 30p bracket….
   Operations on the PaP#1 well in Garden Hill South have commenced despite delay to original schedule;

   · Company adopts a strategy that avoids future risk concentration;

   · Further farm-outs concluded between the Company and Dragon Lance Management Corporation (“DLMC”) that establishes a regional development play over PL2002-01 and EL1070 with initial focus on the PaP#1 well;

   · Farm-outs ensure that the Company maintains a significant interest in its Newfoundland assets yet significantly reduces the Company’s financial commitments and the dependence on single event outcome

   more info…

   Published: August 24, 2010