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.

From UK-Analyst

Rockhopper Exploration (RKH) shares jumped by 11.25p to 293.5p on reports that samples from its recent discovery on the Sea Lion prospect, off the Falkland Islands have been confirmed as medium grade crude. The South Atlantic focused oil explorer took the sample from the Sea Lion 14/10-2 oil discovery well in the North Falkland Basin and tested them under reservoir conditions. These positive results, when combined with the firm's knowledge of reservoir quality, provide comfort that a flow test of the Sea Lion well will confirm a mobile crude oil, Rockhopper's managing director Sam Moody said. Following the good news, Canaccord reiterated its 563p target price and "BUY" recommendation.

They should have a 563p "pre flow test" target and should upgrade post successful flow test to well over 750p target, perhaps 900p or more.

Enjoy the ride, its going to be a real exciting time ahead on RKH.

Well I think we have a exciting week in front of us with FOGL results due this week if they have hit oil I will be amazed as its a stab in the dark with a basin which is undrilled and it was not there best target either if they hit oil the upside in the share price will be huge but if a duster there share price will fall faster than a falling knife as will BOR share price.

Hence I dont hold any shares in both companies but wish FOGL holders good luck if oil is found I will buy at some point.

Maybe a small blip in RKH and DES sp on news of a duster but two different basins all together.

What we have now in the next couple of months is the making of RKH and happy to sit fully loaded, I believe the flow test equipment maybe in the FI and which order things come in to play is anyone guess at moment.

Exciting times ahead.

FOGL..... I would expect them to find oil but nothing commercial and they will say its all very exciting to have oil confirmed in the basin and thats it.

Spike and then collapse back.

RKH is a different ball game, I expect RKH to climb upwards now for some time.

Slowly, slowly up she rises.

Director buys, and good amounts.

You cannot ask for more confirmation can you......


RNS Number : 8781O
Rockhopper Exploration plc
06 July 2010

ROCKHOPPER EXPLORATION PLC (The 'Company')

Director Dealing

The Company announces that it has received notification that Pierre Jungels, the
Company's Executive Chairman, and Chris Walton, a Non-Executive Director, on 5
July 2010 acquired ordinary shares of 1 pence each in the Company ("Ordinary
Shares"). Details of their purchases are ........................



Pierre Jungels purchases 23,350 @ 298.5 pence each.

Chris Walton buys 8,300 @ 297.625 pence each

Totaly agree with you there Proselenes and have just added more.....L2 there is only fresh air till 3.15

hardly large buys!

Anything above 15K sterling is a good buy size. The Chairman buying 70K value of stock is a good sign, a very good sign.

And if you bother to research who RKH's Chairman is, meaning his career as opposed to him being Pierre Jungels, you will appreciate what a big vote of confidence it is for him to buy a decent amount like that !

Dr Pierre Jungels CBE has fingers in a great number of pies. His purchase of RKH shares is miniscule compared to his holdings in other companies, many of which are large multi-nationals. He probably found the cash to buy these shares down the back of the sofa!

lol....some can even deramp director buys!!! beggars belief when some can't see the wood for the trees.

lol..bit like cynic then.,.

Cynic is a holder of RKH ....he knows a good thing he has a nose like a hound!!!!

Fresh air now up to 3.20 the mms have pulled back a little...Tally Ho

sure you mean his nose....

I doubt that Pierre Jungels amassed his cash pile by being dumb with his cash so can not see him just throwing 70K down the drain somehow!

Dr. Jungels is a Director of Baker Hughes Inc in Texas. Also Chairman of Oxford Catalysts plc. He is also a director of Woodside Petroleum Ltd. and Imperial Tobacco Group plc & Chairman of Rockhopper Petroleum. I am not deramping to say that Jungels financial interests in all of the other companies is far greater than that in RKH.

The name sounds like an extra in another adventure of : "Tintin and Snowy" !....

That would make him a wise investor sharing the risk and reward!

Harry you fail to mention he was also the President of the Institute of Petroleum until June 2003.

President of the Institute of Petroleum - so he knows his petroleum stuff well then ;)