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.

Do they award a Nobel prize for ramping?

hali - my initial comment (1339) came from what our ami friends like to call left field

Aldwickk,

I agree Sam Moody is not skint, but he still would not invest that amount unless he believed it would make him a good return.
Also, as the article states, his buy was the highest of all director buys over that period.

Balerboy,

I don't agree. Although there are numerous instances of directors buying their companies shares, and then the sp dropping, and visa versa, they have far more insight into their companies than us outsiders can ever have.
The main point might be that they know if/where any skeletons might be hiding.
So they are not quite as blind as the rest of us.
I agree we all live in hope that all will come good.

greek for those of us who bought sometime back it is already good now it is only a question of how much better it will become.

Halifax it can only getter better as the basin is proven to hold commercial oil and I think after we get the update confirming the size of the find the city will start to wake up and smell the coffee.

This is very early days of frontier drilling in the NFB but so far we have had 2 commercial gas finds and one of oil not bad when only 8 holes been drilled in total.

I hope RKH do raise more money and drill further targets and the back of there success as I think the Ocean Guardian will stay in the Falklands waters for another year or longer.

Ernest is a very exciting prospect since it has had CSEM

Once a successful appraisal of Sea Lion will potentially transform value of the company and all the other non drilled prospect will get a value put on them as well and potential partners who will come out of the wood work on the back of this next update.

Watch this space!!!!!

Something to read for the BH Monday, from 2006 but interesting when taken in with recent news :

http://www.falklandnews.com/public/story.cfm?get=3798&source=3


"Have Rig Will Drill," Says Dr. Phipps

February 23, 2006
by J. Brock (FINN)

HAVE RIG WILL DRILL, SAYS DR. PHIPPS

By J. Brock (FINN)

During a brief run-down of the Geology of the North Falkland Basin in the tranches wher...................................

Farmouts will be be necessary or farmins......depending which way you look at it....and I'm hoping that a good size discovery is confirmed perhaps as early as tomorrow morning....the problem would be if they issue an rns going along the lines : more tests and confirmation with an appraisal well later on.....initial spike for the sp followed by heavy profit taking and a retreat in the sp.....we don't want that but it could happen...

Why don't we want that rf? I am happy to sell some once the RNS is released & buy back once the euphoria dies down. That's the idea of trading stock.

Well yes Harrycat....as long as we can catch the sp at the right time...

07.00 hrs!!! Not long to go, though sp will be marked up or down before the open in that event, so our dice are cast!

('Oil, Sweat & Rigs' program on Quest (freeview CH38) this evening - a good insight in to the offshore drilling business)

die not dice ... and don't bet on rns before opening tomorrow; that was only my guess

Its very hard for people who do not hold stock to sell it............ please factor that in to the fantasy.

Also factor in the same things were said by the same people at 90p...........

The "green eyed monster"...........

Give it a rest Basil.....there was not much to go on then....

doesn't he go on.....no news ..... worrying...

Slightly anxious wait, I agree.

do RAB capital still hold 17,782,443 shares in RKH.[source Halifax info ] ?

i cannot find any RNS saying they sold[only went back 6 months] and RKH website does not have them listed as a significant shareholders as of 25 may 2010. neither does Hemscott. so i am guessing they don't hold
Alex

Robert as long as i remember RAB have never held shares in RKH they did hold shares in FOGL.

The main holders are as of 25th May 2010 the Company had been notified, in accordance with the Disclosure and Transparency Rules, of the following shareholdings amounting to 3% or more of the ordinary share capital of the Company

Number of shares % of issued share capital

Royal London Asset Management 11,365,235 6.49%

Capital Research and Management Company 8,669,075 4.95%

Gartmore Investment Limited 8,619,709 4.92%

Och Ziff Management Europe 6,360,110 3.63%

Ignis Investment Services 2,697,597 1.54%

thats the list i found too which made me doubt their [RAB] holding in RKH.
thanks for the confirmation.
Alex

perhaps one positive that may come out of the unfortunate US gulf of mexico oil disaster is that if the americans put a lengthy embargo on off shore drilling then that may free up rigs to go elsewhere in the world, perhaps the Falklands?

RNS just out but not the one we are waiting for