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.

Never a dull day here !...

watch and learn rf...

Never a dull day here !...excellent placing though.....280p...good price...should be the support level now....

Pretty much underlines things now.

Pre-budget CGT profit taking might keep it weak for a little more time but thoughts now firmly go ahead to Ernest drilling and Sea Lion flow testing.

Flow tested P50 Sea Lion at 242M barrels = 720p a share.

Flow tested Ernest discovery P50 150m Barrels = 445p a share.

720p + 200p for Ernest (pre flow test post discovery) = 900p target for end of this year.


Any upgrades to Sea Lion P50 = higher target prices.


Can you see why they expect the book closed very quick at 280p....... :)

Your right rf .... chart support above 275p

I think around there will be like a base so....perhaps in the short term : a little upside coming ?....depends on crude as well....

Bit harsh that the huge retail investor sector which has supported RKH do not get a lookin:
"Participation in the Placing will be limited to institutional investors and certain other 'Qualifying Persons' as defined in the appendix to this announcement. Members of the general public are not eligible to take part in the Placing. "

Harrycat: the shear cost of dealing with Private investors on this fast track placing would make it unworkable. This discount is tiny to last nights close , which is very unusual. A private investor could have bought plenty of shares this morning at 290 or less.

There will however be some 'institutions in the placing who will make a quick turn on any share price rise which might cap the upside of these shares in the short term

As it it was 290p....pointless exercise, and it would take 6 weeks at least...no, the placing was the best option this time round.

FTSE250 at year end.

That will allow the big boys to buy in as many large fundies are not allowed to buy AIM stocks so a move to the main market unleashes a massive amount of potential buyers.

900p year end target !!


The 280p placing pretty much underlines things now.

Pre-budget CGT profit taking might keep it weak for a little more time but thoughts now firmly go ahead to Ernest drilling and Sea Lion flow testing.

Flow tested P50 Sea Lion at 242M barrels = 720p a share.

Flow tested Ernest discovery P50 150m Barrels = 445p a share.

720p + 200p for Ernest (pre flow test post discovery) = 900p target for end of this year.


Any upgrades to Sea Lion P50 = higher target prices.


Can you see why they expect the book closed very quick at 280p....... :)

That's if everything goes 100% right....too optimistic....and way too high...

FOX DAVIES NOTE

Rockhopper Exploration (LON:RKH) (BUY, 4.00) (RKH, 290.25p, ▼ (9.01%)) announced the placing of 17,320,000 new ordinary shares at a price of 280p each to raise 48.5m before expenses. Placing proceeds will be used to progress Rockhopper's current drilling programme in the North Falkland basin, including flow testing of its Sea Lion exploration well and drilling an exploration well on its Ernest prospect.

Extract from Oriel broker note. Lets hope they ask us next time!
"The amount being raised however, will not be enough to cover further appraisal wells on Sea Lion. We would therefore expect an additional raising later in the year once we have clarity on the Sea Lion flow-test and in light of the further exploration drilling planned on both Rockhopper and Desire's acreage where the company has a 7.5% interest "

Harry, ref to the Times article that fund raising IMO will be when RKH joins the FTSE 250, and being a main list stock they can then get support from all the big institutionals (as a vast amount are forbidden to buy AIM stocks).

Flow test Sea Lion, prove it.

Upgrade it.

Drill Ernest and flow test if needed.

Then on to main market and off of AIM along with a nice big placing (at around 800p ?)

I am going to set 2 limit buys up, just in case FOGL gets a duster and the shorters short all Falklands stocks.

Buy triggered at 270p and also one at 260p.

You never know, if FOGL gets its expected duster (well, not a duster but oil shows but non commercial) then they might get filled on a quick shake down.

So the plan is going to be, according to those at the DES AGM :

FOGL - Toroa drilling - ongoing now.
RKH - Ernest drilling (and possible flow test as equipment will soon be in the area?)
RKH - Sea Lion flow testing.
DES - Rachel drilling (and possible flow test as equipment will be in the area).


Should DES strike at Rachel and need to flow test then they should be paying back to RKH a share of the costs of hiring and getting the flow test equipment down to the NFB. Presently RKH are paying for it 100% as they are the only ones in need of it and planning to use it.

Placing closed, full............. and the "main market" mention :) !!


RNS Number : 2602N
Rockhopper Exploration plc

8 June 2010

Rockhopper Exploration plc
("Rockhopper" or the "Company")
Result of Cash Placing
(the "Placing")

Rockhopper, the North Falkland Basin oil and gas exploration company, is pleased
to announce the successful completion of the equity placing announced this
morning.

A total of 17,320,000 new ordinary shares of the Company (the "Placing Shares")
have been placed by Canaccord Genuity Ltd at a price of 280 pence per Placing
Share, raising approximately GBP48.5 million before expenses.

The Placing Shares will be credited as fully paid and will rank pari passu in
all respects with the existing ordinary shares in the share capital of
Rockhopper, including the right to receive all dividends and other distributions
declared, made or paid after the date of their issue.

Application has been made for, and the Placing is conditional on, inter alia,
admission of the Placing Shares to trading on AIM ("Admission"). It is expected
that settlement will occur, Admission will become effective and dealings in the
Placing Shares will commence at 8.00 a.m. on 11 June 2010.

Following Admission of the Placing Shares, Rockhopper's issued share capital
will consist of 192,504,954 ordinary shares of 1p each. As such, the total
number of ordinary shares in Rockhopper to which voting rights are attached on
the basis of one vote per ordinary share held will be 192,504,954.
The above total voting rights figure may be used by shareholders as the
denominator for the calculations by which they will determine whether they are
required to notify their interests in, or a change to their interest in, the
Company under the FSA's Disclosure and Transparency Rules.


Pierre Jungels, Chairman of Rockhopper, commented:

*********************************************************************************************
"We are delighted that the placing has been successfully completed and met such
an enthusiastic and swift response. We see this as a significant vote of
confidence from investors in our work on the drilling campaign to date and in
our plans for the rest of this year. Rockhopper has grown rapidly over the last
twelve months and is well placed to continue to achieve substantial further
growth during the next phase of its development.

The board will consider, provided the relevant requirements are met, whether the Main Market of the London Stock Exchange would be the most appropriate platform for the Company's continued expansion both by improving its profile as well as potentially increasing the liquidity of trading in its securities and enabling
wider investor access to Rockhopper's shares."

Of course, if Toroa & Rachel are both dusters, your limit buys might get filled & still be loss making. Toroa is an unkown, but the DES drill is going to be a nervous one, imo. Very bad news if that one is a duster.

Rachel is a long way off.

Next is Ernest.
Then flow test Sea Lion.

Then late Q3 will be Rachel.

yes it would be very unfortunate if DES have a second duster after putting in the effort to organise the Ocean Guardian, the only one to run with is RKH at present.