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.

Rumours were also doing the rounds in the city this morning that BP might be running their eyes over RKH if the GoM is blocked off it would be a natural replacement for exploration.

This appears to be more wishful thinking than hard rumour.

what is "hard rumour"?

thanks hali ..... i think the news would need to be pretty disastrous for sp to fall TO 100, but may well fall BY 100 if news is not good and solid

BP rumour was quashed in it's infancy! Some journalist trying to make a name for himself!

he likes to be known as Stupid Arsehole one assumes ..... Mr Arsehole in formal circumstances, and please do not take that pun any further at all!

Mr Blackdown has gone very quiet ..... perhaps he's put his head in a bucket of sulphuric

Anyone else picking on the vibes that a 'placing' for cash has been ruled out ?

The vibe certainly is that there will be no placing and that "farm ins" will be the route for appraisal of the finds. If this turns out to be true I will be very happy, a placing now would allow manipulation of the SP, short selling and all sorts of nasties.

A farm in is far better for shareholders and will realise more value for them.

Thats the good thing about RKH having 100% ownership. This will be excellent news for all shareholders if true.

just worth noting that for the first time in living memory, the bid book is stronger than the offer

If you had 100k to invest on the stockmarket what % would you invest in RKH

Don't have a position at all and no sour grapes. Good luck to all investors who have taken the punt. Pending news, any rise has to be based on speculation hence the froth. It may well go to 5/10/15.

blackdown - wrong .... there is little or no speculation that RKH have made a decent find .... there is some speculation as to its size ..... 170mb looks to be the low consensus, but would concede that there will need to be more to the report than that to sustain or improve current sp

aldwickk - anything more than 5%, or for the risk-happy perhaps 7.5% would be very brave given the small size of the pot indicated

Cynic,

I bow to your undoubted greater knowledge of this stock.

no great knowledge, but i have now been following it for a little while and most certainly should not complain with the result so far - and no, i shall not forget to bank partial profits as 50p banked is infinitely preferable to 1.00 lost

cynic sold sufficient to cover the cost of the original investment, does one become greedy and hold the rest or sell a %age to realise some profit if so what %age, that is the question.

i have sold a little batch i bought yesterday and shall probably offload some more tomorrow, but certainly not all ..... to some extent, i shall consider my pain threshhold in the event of disappointment - i.e. if i reckon sp could drop BY 100 if rns does not live up to hype, how much do i want to risk losing

don't forget monday is a bank holiday here but nowhere else, and my (total) guess is that the rns will come out after market close tomorrow or say 07:00 on tuesday

Cynic,

Thats ok then , i only invested about 4% ......

aldwickk - My own opinion is now I would risk about 10% (as have already banked some profit), but the question is how much would you be prepared to lose if the news is not good? If you invested 100k would you risk losing 40%+ ?

Don't you mean 4% , i would risk losing nearly all of the 4,000

what makes you think RKH are worth f**k all even if the rns is disappointing? ...... and of course, at what price did you buy? .... if you bought today at say >235/240, then you were silly, though for sure we know, or at least i am 99% certain that we do, that sealion is not a duster

The well is a success, that's not a doubt....but it's just one well and a heck of a lot of capital is needed in those rough seas to develop the asset....they will need further appraisal wells to come to grips with the size of the discovery, now how do you put a price on this stock...?, it reacts with sentiment and perhaps that's the way to play the falkies now and in the future....one step at a time.....there is going to be 2 months wait at least until they spud another well so you can bet that a lot of profit taking is coming, a lot !.....this might prevent a significant jump in the sp with people ready to jump on the sell button....hoping to bail out at the top....will the sp remain high once the next rns is issued : I doubt it....they would have to prove a billion barrels or so for it to go up to 400p.....