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.

P10, P50, P90 refer to the possibility of sizes of find.

By having varying levels of possible finds, your 10%, 50% and 90%, it expressed the potential size of a prospect pre-drilling.

In other words the minimum likely find, if you find something, the mean likely size find and the likely maximum size find possible, with of course the P50 being the middle value between largest and smallest.

Come on cynic, if you have no time for the CPR, and you do not know what P10/50/90 is then really you should be very careful buying any oil stocks as you will have no idea how to value them and end up being like BB and RF.

thanks m8 .... therefore assume P90 relates to find being 170mb, which i buy into

P50 is 170M barrels.

170M is around 600p a share post flow test, pre production.


Now if things are bullish and the size is bigger than the P50, then go figure............

The bears have acquired a taste for oil companies. Not content with mauling BP, they have turned on one of those British companies drilling for oil off the coast of the Falkland Islands.

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.

Rockhopper shares opened at 269p and traded around that level throughout the morning. Then, at about 12.30pm, they plunged amid aggressively priced selling of relatively few shares, triggering the first suspension. The exchange automatically halts trading in any share that swings by about 5 to 10 per cent in either direction. The enforced hiatus usually for about five minutes is intended to give investors time to digest such a move and place buy and sell orders for the shares.

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However, certain market-makers facilitate trading throughout official suspensions and selling of Rockhopper shares is understood to have continued off order book.

When general trading resumed, the price was thumped again, rapidly triggering a second suspension. Then a third and then a fourth, until 1.11pm, when Rockhopper shares were changing hands for as little as 62p.

No spark for the collapse was readily discernible. A rumour suggesting that the oil that Rockhopper had discovered last month was of poor quality looked more like reaction to the move than its cause.

A raft of private investors who had taken a positive view of Rockhoppers prospects through spread-bets on the share price, were said to have been left badly out of pocket after the size of their potential losses prompted City bookmakers to close positions before the hour-long rally kicked-in.

Buying of the shares on the way up was much heavier than selling on the way down. The speed of the rally, which finally left the shares only 29p lower at 240p, prompted a further five suspensions. The aggressive recovery was already under way by the time Rockhopper itself offered reassurances that testing of the quality of oil from its Sea Lion well was imminent, after a delay caused by problems flying a sample from Port Stanley to Britain.

perhaps the delay is due to keeping HMG informed of the size of the discovery.......politics.

I still say it was some smart arse City boy playing games & even if he gets caught, the profit he made will greatly outweigh the fine.

cynic has CPR everyday....it's what keeps him going...

Proselenes, says 170 million is going to value RKH at 600p.....ridiculous....you always have to discount what is in the ground....you can take a dozen other oilies and apply the same...it is what the market will pay for it....this one is the flavour of the month at the moment....you are putting a ridiculous value on this stock and it looks like "paid ramping" to me !..if this does climb and I hope it does...hype will play a huge part in it ...brokers always overvalue stocks....if you go through all the stocks...so and so values the company at such and such a price with a target of ...and so on...later on after a few more wells are drilled the sp should be a lot higher..but one step at a time please...

when shares collapse, it's onto the double-dose viagra!

170 million = 600p.....2 to 4 billion in the case of GKP = what ?... 40 quid...just as silly....being in british waters and hype is what is promoting RKH....so be it...I'm making a few bucks on it ...good...

RF ... you are absolutely right, but IF the notional value of RKH's oil is 600p, the fair value is still surely +/-350 to which you might want to add X for blue sky and ernest prospect

Hype ...then.....like I said...take a look at Northern Petroleum...loads of oil in the ground perhaps...but...the sp is going nowhere....I'm just sying that 600p on the back of one well in 200m of rough waters is sounding like too much....and look what happened yesterday....on the back of a rumour ...

NP is very heavy oil (aka shit), but it's not a company i follow so i have no idea what they have actually found or mere premise, let alone it's notional value

cynic, exactly....... poor old RF is stuck in GKP with its license issues and has very green eyes I suspect ;)

And of course, if the size is 340M then the notional value goes to 1200p and the fair value changes to around 800p pre flow test.........

Tremendous upside potential........ news next week !!

Now does that talk not irritate ?......I love your modesty Basil....really ?....NOP is pumping gas....but there is oil in the ground...that's another story...not heavy crude...

NOP not NP....not the same....

i've probably missed something, but i had a quick look at NOP web site, and they seem to have a diddlysquat reserve of 5.36mb oil ..... if they have gas, then i believe you, but that comparing apples and oranges

Not sure why RF keeps harping on and comparing RKH to GKP....GKP have 20% of this heavy Oil well and don't own 100% in any of their acreages, unlike RKH who own 100% of all theirs plus 7% of 3 of the DES wells.


"Gulf Keystone is pleased to announce that Kalegran Ltd., a 100% subsidiary of MOL Hungarian Oil and Gas Plc. and the operator of the Akri Bijeel block in Kurdistan, concluded a successful oil test in the Bijeel-1 exploration well in the Akri Bijeel block. Undiluted equity working interests in Akri Bijeel are currently 80% Kalegran and 20% GKPI.

The tested zone is in the upper Jurassic and flowed at rates of up to 3,200 bopd with associated gas rates of 933,000 scf/d. Oil gravity was 18 degrees API and flowing wellhead pressure was 420 psi on a 48/64" choke."

Only to compare sp's Chav......have you forgotten about Shaikan ?..hmmm...too much ramping here....why bring up an old rns ?....