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.

Those with a stoploss will have been slaughtered because they will have been stopped out at 140 or 150p....I bet they are cursing...

It might have gone down so fast that ordinary stops weren't triggered.

Oh, but they will have...you can be 100% sure of that....I've just taken a small one out....going long....

I thought it was a short attack, and it was, I went for my dinner and just back.

It was a bit fishy this morning that the AT buying stopped basically, gradually the bid was walked down, then a load of new posters appears talking crap, then they wait for lunch time (when directors and brokers are out of the office so immediate RNS's cannot be put out) and then rumour that its all gone wrong.

I reckon there was a few major players involved in that, including buyers of the stock on the drop and shorters to help it fall.

As I said earlier, all my stock is paid for, so it does not matter short term, but I feel sorry for anyone on margin or spread bet who got stopped out on that.

That was a planned attack, for sure, but it tells you one thing, the news coming is good and they are desperate to get your stock in their pockets.

Anyway, nice RNS, onwards and upwards !!

Not sold any, and no plans too until at the very earliest after Ernest is drilled !!

Halifax,API IS 26.3 GREAT NEWS its class B oil also they encounted 2 oil columns which is very intresting now what was the 2nd column and how much oil does that hold? and No oil water contacts or water sands have been recognised in the well which is very good news.

http://www.rockhopperexploration.co.uk/pdf/RPS_Rockhopper_CPR.pdf


Low Estimate Best Estimate High Estimate Mean

Prospective STOIIP 234 568 1348 700
(MMbbls)

Prospective Resources 58 170 472 220
(MMbbls)

Yes, the 26 API news is great !!

Over 50 metres of net pay.

26 API

Porosity and permeability good.

Should be 300M to 450M barrels ??

Lovely :)

All I can say is Thank F__k for that!

Well said OJ. I second that.

BP's track record in the US may mean they will find it difficult to obtain new licences from the US government, so they may have to look elsewhere. If the Falklands become a new oil province of the UK what easier way forward than to buy into RKH with a successful discovery already under its belt.

Halfifax you might also get a deepwater rig for BOR as well on the cheap as if they cant use them then they will want to sub lease them.

marky now you are talking.We await the official RNS from RKH which if really positive could be the beginning of the "great oil rush" for the falklands.

Something was very wrong with today. OK, I profited from the shambles but I have no doubt many lost a fair old wad of cash. It aint fair but the perpetrators will no doubt get away with it. Such is the Market, I suppose that is what makes it tick, in a way.

Having grumbled, mildly for me,....................where is Cynic? I hope he hasn't fallen off his bike.

You there C?

got his legs out on his bike I expect...

hi harry and everyone else ..... no indeed i wasn't around as was playing golf at wentworth with some of the ig boys ..... sure glad i missed mots of that stomach-churning shenanigans, though i was told about it on blackberry .... not stopped out either

Golf? Wentworth? ig boys? Or should that be Big boys? WoooooooOOOOOooooo!! ;o) Well I'm glad you weren't stopped out. It's been a sticky day for some.

Somewhere, somebody will have lost a fortune....ex : 260p...down to 140p, with stoploss at 190, sounds reasonable for the stoploss, but such a sudden drop ; sp tumbles to 140p, stoploss triggered, sp just on the way up when it goes through...sold out at 165p.....times the number of cfd's....10000....50000.... : big loss.....and you try and complain : you won't get anywhere !....bad day....

On the plus side (there is one of course) many weaker holders have been stopped out, most of the hot money is gone and so what remains should be in stronger hands.

There will also be a lot of investigation into the trades and its very very unlikely anyone will be attempting any more "bear raids" now, so allow Thu/Fri for the remaining shorts to go and for people to buy back their positions and end of trade on Friday should be back to normal.

At some point the people who shorted the rebound will have to close out and it will
be before Friday end of day so a rally is coming at some stage.

I do hope the FSA catch those behind the false rumours and initial shorting and make them pay some whopping great fines with some time in prison.

http://business.timesonline.co.uk/tol/business/markets/article7142940.ece

...........Trading in Rockhopper Exploration shares was suspended nine times on AIM after the price plunged by almost 77 per cent, before recovering most of those stinging losses almost as quickly.

The London Stock Exchange is understood to have asked the Financial Services Authority to take a look..............

so who among our jolly crew will be buying at the open today?

Dow finished up 2%.

Hang Seng is up. Nikkei is up.

Dow futures are up.


Could be a couple of blue days ahead on the markets, and hopefully that will force the remaining shorts to close and with buyers back in the market we might even finish the week unchanged on the RKH price front........


Taking in the directors comments of "in line with directors expectations" and we know they were bullish, could RKH be on to announce a figure near to the P90 case for recoverable oil ?

Brokers have been touting the P50 case for their figures but noting "upgrades could well happen" and so with the directors expectations being bullish there is good chance for figures higher (much higher?) than the P50 case which is of course just the requirement of the CPR which must state P10, P50 and P90 but which do not represent "directors expectations".

Now that would be nice to get a big upgrade figure next week once all the tests are done on the cores and samples.