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'm sure toya will do the deed, unfortunately it's a busy time atm, thats if the sun keeps shining so can't promise to be around to meet up.

renting out the deckchairs and donkey rides?

Not sure about those knobbly knees of his, bb!

can you post pix for me again T, though it's a while off yet?
failing that, shall have to do it on my return

If I'm around then yes... but they'll have to be censored again I'm sure!

thanks T .... can liaise nearer the time

If CGT moves to 40% then then I'm still better off keeping my profit rolling here because I think RKH sp will outperform the 40% between now and the end of the tax year.

chav pretty obvious you would keep 60% of any gain, however the real question is if the rate of CGT goes up when will be the effective date of such a change and by how much will the rate go up.

Sell now with 100K profit and pay 40K cgt...less deductibles....60K in the hand

Hold and sell at 5.70 with 200K profit and pay 80K cgt.....120K in the hand

Whilst I'm just basing it on a move in CGT up to 40% as a worst case, I still feel that it's better to hold for a rise in sp than selling in panic of a rise in CGT.

30 day rule annoys me more because it stops me selling any now and hoping to buy back in at a lower sp within 30 days .

excuse me, but from where did you find this mystical or even mythical 570?

lol...just keeping the maths simple cynic as in double present value!!...just want to show how I view the CGT debate and decision making...so long as the sp out performs CGT I gain by holding....personally think the sp will reach 5.70 ok, should the flow test of Sealion and Ernest come up Trump's...no guarantees in this game1

believe it when you see it .... ernest hasn't even been spudded yet, let alone proven

But we know that Ernest will be spudded sometime over the next few months, within a month if they don't flow test SL first, and Ernest has a higher COS than SL so will hopefully bring home the bacon......I did say "should the flow test of Sealion and Ernest come up Trump's...no guarantees in this game!"

cynic in the short term is an increase in CGT more certain than 570p?

18% > 40% = 22% rise in CGT at worst.......I think RKH sp will outperform 22% over the coming months, maybe within a month, depending on Toroa results.

chav and FOGL drilling result due early next month will effect sp of all Falkland oilies.

halifax...which is why I put the 'Toroa' rider in.

Interesting deciding on how Toroa will have an effect on RKH

Toroa successful and people may sell RKH, causing drop back in sp, and buy into FOGL.

Toroa duster and RKH would take a regional drop despite not being connected HC area's. RKH drop shouldn't be that big given the different drilling locations and then RKH follow straight on with the OG drilling Ernest or flow testing Sealion which should recover the sp.

hali - indisputably a racing certainty

Sorry Toya/cynic had to mow a meadow but the dog wouldn't come.....
Agree with censorship of the knees Toya...doesn't leave a lot to see.....stand well to the side cynic then we can see the surroundings....
Let me know what date and pub your going to lunch in next week, you never know
might get a day off, but it'll be a last minute decision..:))