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.

Mirabaud note out today:
"The announcement of a significant oil discovery in the North Falkland Basin has sent the share price of Rockhopper soaring, and dished up platefuls of humble pie for the multitude of industry scoffers. With Rockhopper now the second largest stock in the AIM oil and gas index by market capitalisation, it is time to assess the potential value of the discovery and to see if the market euphoria is overdone. In our view Sea Lion is a significant discovery which is likely to prove commercial, but there remains significant appraisal risk as well as dilution risk as the company seeks to de-risk the find. To reflect this we are raising our target price for Rockhopper to 210p/shr share but maintaining our NEUTRAL recommendation. Desires share price has also benefited from the discovery even though it has no direct interest. It does have a lookalike prospect to the south which has been slightly de-risked and so we are raising our target price to 60p/shr, but downgrading our recommendation to SELL in the light of the recent market move."

Tried shorting DES at IG to no avail

did you try phoning them as they can often override the "live" message

looking at sp hyleo ... i don't think so....up and down like a weston donkey....

No I didn't cynic. I probably should hedge my long.

dd
are you looking to short DES against long in RKH?
your posts dont make it clear. can you please clarify? thank you.
regards
jkd

jfd

No I am long DES in shares but as a hedge I feel I should short it by S/B.

ie If it rockets I win but with less profit but if it drops like a stone, overall I'd be down but not by as much.

I think it makes sense!!

dd
thanks for that, that seems very sensible.btw the f button is no where near the k button although to be fair it is next to the d button.
hope you wont mind me asking , but why are you posting here and not on DES?
regards and good luck.
jkd

bollocks, as they say in the most refined of circles.
having just reduced my exposure in RKH, and though at a profit (so don't grizzle then!), needless to say sp recovered quite significantly since

get your own swear words..... temporary blip.... down again soon

Bb
wish i had your confidence. i just dont know. and that is a fact.
fascinating stuff. watching from the sidelines.i am on the bench.
regards to you
jkd

sp remarkably strong despite "shares" magazine sell recommendation.

jkd

Sorry about that ..

"shares mag" probably makes no more than 50% correct calls if all calls through the mag are taken into a/c

cynic just like IC and all other tipsters!

you don't say? ..... well obviously you do, lol

best place to be till next week, better fish to fry else where.

Shares Mag actually says 'take profit but also continue to retain a holding.'

HARRY already done that we are betting on a good result next week.

this is quietly comforting .....

The Company announces that it has today received notification from Capital Research and Management Company that, as of 4 May 2010, it held 8,669,075 ordinary shares of 1p each in the Company ("Ordinary Shares"), which currently represents 4.96
per cent. of the issued ordinary share capital of the Company.