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.

Look, if the price goes up it goes up...good...but sp's also go down.....and this is quite high....when the flow tests with several intervals each flowing 10000 barrels comes in....then a 350sp or even more would be right....perhaps on tuesday, who knows ?...but I gather we are not getting a full test....I'm in but I will have to take profits sooner or later as this sp can go anywhere very quickly...

You see, EVO (who have a proper oil analyst department) said a flow tested Sea Lion would be worth around 600p to 700p if its 170M barrels in size.

Now they are doing side wall coring, which means really a flow test is not needed as an essential really to declare commercial or not.

The key thing is, there is loads of upside to come even if the find is "only" 170M barrels.

Should the estimates be larger.......well........ the price will be much much higher again.

Keep on trying to talk it down....... at least it keeps the thread busy :)

glad i have L2 as sp and order book will be interesting to watch as long w/e approaches

Proselenes/Required Field,

I agree re those who said 'sell at 90p as it's too high should keep stum now regarding buy/sell.
As to the 'current' valuation, I think it is somewhere between both your views. Yes as you say (Proseleness) if the final drill results are as expected, coupled with their further prospects, 600p per share is probably on the very low side, but as you say (RF) nothing is 100% certain.
I am very positive re the next RNS, but things can still go wrong.
RF....As to cost of infrastructure, remember RKH are a drill/discovery company, not a producer. If they need more cash, I am sure they will easily obtain it, especially when the Major producers come sniffing around.

Regards Greek.

I though the rig had moved to it's next destination.....or have they left some people behind in a dinghy ?, so how are they doing coring if no rig is there ?....sorry...not an expert but you seem to have loads of info...2 teams out there ?...

What's pushing it is the fact that it is in british waters...that makes a huge difference !...

Go with the flow rf. Trade some, hold some maybe?
DES also moved up 3% for no particular reason, but not complaining! ;o)

That's what I'm doing....within a sipp....or a spread...by the way : Marky will be a millionaire soon !...he has loads of them...

We have all become millionaires, rf, thanks to RKH. Haven't you? ;o)

bullshit! that's pure rationalisation ..... it's greed and hope pushing sp at the moment, though there is more logic to support than the usual nonsense surge when spudding starts

Not exactly.....but I did very well on the the first sale.....still looking at the bike options list...a bell or a mirror....hesitating.....between the two..wanted to buy back my original holding after having sold but it rocketed to 145p and then to 200p and by then could not except inside my sipp and spreads....and doing well on that...so...soon time to swithchover to FOGL ?....a long two or three months wait until RKH's next spud....I can't help feel that DES have not done very well on planning the rig slots !.

i'm now very comfortable with my holding here, as in honesty, i expect a lot of profit-taking late in the day ..... if it happens, shall i allow myself to buy back in (top up)? maybe ..... if sp surges, then that's very fine by me too, but i think that unlikely

rf...how much of the Oil do GKP own?...i.e. how much Oil/Gas + potential Oil/Gas has GKP got on it's books?

now tell us how much oil rkh owns!

RKH owns 100% of whatever it may find :-)...for the moment...lovely!

bullseye! .... at the moment no one has any idea at all what rkh may have found, though there are realistic expectations of >170mb ..... however, they still have to get it on stream (rf - i think the cost of that is actually irrelevant), and that will take at least a further 3 years .... on the other hand, black bush in the hand (so to speak!) is far preferable to just being onto an unfulfilled promise

If you want to talk about GKP...switch over to that thread....

Currently the signs are very good for RKH/DES and fingers crossed that the 'signs' will be proved up into mmbb's on their books.

rf ...I have no interest in GKP but you brought their name to this thread!

I'm delighted about RKH.....just pissed off about selling most too early...but now I'm boring everybody about that and I will be gutted if this goes to ten quid in a day...