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.

9% of your portfolio is 1 thing, but how much of your total cash wealth would you invest in RKH ?

Buy buy buy..

sorry, but that is rather a silly question, for it depends on any number of facets - e.g. do you want to include your whole pension fund? what is your risk acceptance profile? do you have a mortgage on your house? .... and so on and so forth

on the other hand, if you wish to make the point that one shouldn't risk more than one can afford to lose - and then you have to make a personal judgement on what you believe to be "fair price" for RKH in the event that the report comes up with less than hoped - then that is fair comment

Hi Aldwickk,

About a half of my cash wealth is in shares, so my percentage of such in RKH is about 4 to 5%.
It would be a higher percentage if I had say 5 times as much cash wealth, as I would be more likely to 'gamble' a higher percentage, as I could then afford to lose more.

Holy mackerel..!, have they disovered how to make mother crude this lot ?....superb rise....better pray that this doesn't pull back like a rubberball on a string...

I am in since around 38p levels.

I have no intention of selling before the Ernest drill results at the very earliest.

I see an easy jump to 600p or 700p levels........ so why sell ? ;)

I would suggest people stop playing dumb........

A large find here, in British waters, with a superb fiscal regime and the derisking of other prospects makes RKH at these levels grossly undervalued.

I find it funny the same people who sold at 90p as it was "too high" offer suggestions that its again too high or might rise just a little..........

:)

Of course you could argue that if you are THAT confident then you should have bought a lot more and now start locking-in some profit leaving as you say your original investment to gain even more profit.

dealerdear, I have been buying more, lots more on the dip to 180p.

I am letting greed run, as the future could be so very bright. There is nothing wrong with taking profits, but why rush to take them.

The old adage, let your winners run and cut your losses.

Far too many people sell the winners too early but are persistent to keep holding their losers.

exactly so ..... arguably i have too much invested here even after selling a smallish portion late yesterday - i've no idea how i stand overall, as have traded this stock quite a bit over the recent months - but i am glad to say i cannot bring myself to buy more at these levels, though i think i shall not be selling any more before the report ..... perhaps still being too greedy

Whilst I agree, I'm afraid it's human behaviour and very difficult to change. Of course if we could change it, we may end up all millionaires!

only trouble is Barclays online can't cope with high volumes and you have long waits on the phones from people who can't trade on line, with RKH you can end making or looseing a fortune because you can't deal.

why are you not using L2 so you can deal direct with the market?

Or even just an execution only broker account on-line?

Well, now it's valued at 450 million pounds....it'll better be a billion barrels of crude or there will be a slide...getting ahead of itself......

my advice is to buy.

If it's rising, why not ?, but this is heavily priced now...and not much to go on, in fact bugger all.......if they come up with the sort of rns along the lines : nice oil, everything...fluidity ok...we have discovered probably .....the word probably is no good....spike up followed by sell out and I will be one of them (not that I'm anything to go by as I got it wrong half way through this )...just to say : this is way up with events so far...

shut up my little nodding dog!

cynic methinks he protesteth too much......

Aldwickk,

Sorry if this is a bit off thread.
Don't usually recommend companies, as obviously things can always go wrong, but for several years I have used Jarvis Investments as my on-line broker and have 'never' had a problem dealing, even in companies where others have posted problems, buying/selling. OK there have been the odd time when a deal has not been accepted on-line but they answer the phones very quick. They deal for 9.50p for any amount. They do charge around 17 for each withdrawal by cheque, which appears a bit high, although I 'very' rarely draw out my holdings so that don't bother me much.
Your holdings/cash are guaranteed under the usual system, with any cash held independently, so a sort of double guarantee.
I have no idea re Barclays charges, but it may be worth looking into Jarvis.

Regards Greek.