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.

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 ?....

rf you don't seem to see beyond the end of your nose, if RKH's discovery is a large commercial find then oil companies will be desperate to get a piece of the action, the weather in the south atlantic will not deter those with north sea experience. We don't think you actually hold any RKH shares as your constant de-ramping means you are shooting yourself in the foot.

Shaikan 1 is also Heavy Oil in the main, lot of it mind, of which GKP currently has a 75% interest....however the Kurd Gov have option to back into the well (35%) should it prove commerical.

Since when has Shaikan been heavy ?.....should switch threads here..and you can enlighten me with this news on the other thread ?...

I have some....I cannot go into figures....also a tiny spread...it will be wonderful to have a large commercial discovery...it's just setting an almost ftse 100 sp (if it was in the main stream) sp on this at the beginning of the drilling campaign seems too early to me...

rf tosh, to enter the FTSE 100 RKH's sp would have to exceed 1200p

Basil Falkie was talking about 1400p.....