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.

Marky, tu plus belles que ma fesse est bleu parfois.

This is all FOGL's fault. If they hadn't delayed news, we wouldn't all be bored waiting for drill results. Awesome franglais guys!

RF a vaincre sans pil, on triomphe sans gloire.

a bit more profit banked (sold 25%) ..... i expect FOGL to disappoint (don't hold now) which will drag all others with it ..... shall prob then buy back ..... if by some fluke FOGL hits paydirt, still no harm done

I concur. Have freed up some cash & now a waiting game. Will buy more RKH if it dips.

Harry RKH on the move!!!!!

Come on RKH!!!!!

They are still going for Ernest to be next, and given they spoke to RKH management yesterday it looks like its Ernest next, Sea Lion flow test to follow. Shame really, but hey ho.


http://ftalphaville.ft.com/blog/2010/07/09/282646/markets-live


E Ok. Anything more smallcappish?
NH hang on
NH the sector watcher has been busy
NH he saw Rockhopper yesterday

Rockhopper Exploration Plc (RKH:LSE): Last: 328.00, up 5 (+1.55%), High: 328.00, Low: 321.75, Volume: 1.33m

NH and he was very impressed

NH

We saw RKH management yesterday, who confirmed that the Ernest exploration prospect is likely to be the next to be drilled on its northern Falklands acreage, once the Ocean Guardian rig is released by FOGL/BHP later this month. The result of the FOGL/BHP Toroa-1 prospect, a giant structure with the potential to contain 1.7bn barrels of oil, is expected imminently

RKHs Ernest well is targeting a 156m barrel prospect with a Chance of Success (COS) of 23%, although this may have been derisked somewhat by the success of the recent 242m barrel Sea Lion discovery. On similar metrics to Sea Lion, Ernest could be worth around 280p/share. Following the 30-35 days expected to drill Ernest, the rig will then demobilise and move back to Sea Lion, where the original well will then be re-enterred in anticipation of a testing programme, due to take 45 days to complete. Two separate zones will be tested, with each zone likely to be tested twice, hence this is a relatively slow job. We therefore expect definitive news on the producability of the reservoir by early to mid September. We have a total NAV of 563p/share, which includes 441p/share for Sea Lion and 122p/share for cash and risked upside continue to BUY Rockhopper.

Right, ...own up ; which one you nicked the penguin from the Dublin zoo...?.....thought you might "pick up a penguin" possibly ?....RKH mascot perhaps ?...

Looks highly likely FOGL will announce a duster soon.


At this juncture its worth going over something.

FOGL operate in the SOUTH BASIN. The SOUTH BASIN has nothing to do with the NORTH BASIN where RKH operate.

The BASIN's are not linked in any way in terms of oil and gas generation and therefore what happens in the South does not effect the North.

The NFB (North Falklands Basin) is proven to be oil and gas bearing and that is where RKH operate.

In the event FOGL have a duster (as it seems likely now) the implications are only for BOR and FOGL, it has no effect at all on RKH or the North Basin.

but it will nevertheless

http://www.dailymail.co.uk/money/article-1293654/MIDAS-Wheels-turn-little-faster-Titan-Europe.html?ito=feeds-newsxml

Seven-fold rise at soaring Rockhopper

Rockhopper has never made a profit, does not pay dividends and is expected to deliver losses this year and next. Yet it has been one of the best-performing stocks on the Alternative Investment Market this year and brokers believe that the shares will continue to deliver.

Rockhopper is an oil explorer based in the Falklands and there is every indication that it has made a truly significant offshore discovery in the past few months.

Midas first looked at this business at the end of 2007, when the shares were 46p. Six months later, Midas Extra, the midweek online subscription service, checked to see how Rockhopper was doing.

The shares had almost doubled to 96p. At the time, Midas Extra recommended shareholders should keep at least half their stock. Those who took that advice and held their nerve as the shares later fell back should now be feeling rather pleased with themselves. The shares are 326p so they have increased more than seven-fold since they were recommended.

Most of that increase has come since May 6, when Rockhopper said there was reason to believe that it had found oil, the first such discovery in the north Falklands. Since then, updates on the company's Sea Lion Exploration Well have been consistently positive and the shares have rocketed.

So, should investors sell at these levels or keep faith? The most sensible answer is a bit of both. Even Rockhopper's most fervent supporters believe that investors who bought at 46p should sell at least enough shares to cover their initial investment.

Midas believes they should sell a few more, just to be sure of booking a profit on this story while the stock is so buoyant. But there are several reasons to retain a substantial holding.

First, chairman Pierre Jungels bought 23,000 shares at the start of this month at a price of 299p each. Jungels has been in the oil industry for more than 30 years. He was chief executive of Enterprise Oil in the late Nineties and is one of the most highly respected people in the sector.

If he is buying stock, that is something of a recommendation in itself. Second, at today's price, the firm has a market value of 600million, which implies the Sea Lion Well has about 90million barrels of oil in it, according to City analysis. Oil watchers believe Sea Lion could deliver at least 300million barrels and possibly much more, suggesting Rockhopper is significantly undervalued even at current levels.

Midas verdict: While there are plenty of indications that Rockhopper will prove a deeply rewarding investment, there is always a chance that the well will disappoint. Investors should make sure they book some profits - then stay on board for what could be an exciting ride.

http://business.scotsman.com/business/Rockhopper-investors-cash-in-on.6413017.jp

Linked and in full.

http://business.scotsman.com/business/Rockhopper-investors-cash-in-on.6413017.jp

Rockhopper investors cash in on Falklands bonanza

Published Date: 11 July 2010
By Perry Gourley

INVESTORS who bought into Rockhopper Exploration before May are sitting on gains of more than 800 per cent.

News of the oil explorer's progress at a well off the Falkland Islands has seen the company's market capitalisation rocket to more than 600 million.

Last month Rockhopper increased its estimate of recoverable reserves at the Sea Lion prospect from 170 million barrels to 242 million barrels and said it had "significant upside potential".

After such a meteoric share price rise some profit-taking by board members would be expected, but two directors of the firm have instead increased their holdings. Executive chairman Dr Pierre Jungels bought 23,350 shares at 298.5p and non-executive director Chris Walton bought 8,300 shares at a similar price. They now own 889,424 and 32,109 shares respectively.......................

This is the bit of advice you should follow.

Midas says - There are lots of indications that Rockhopper will be a deeply rewarding investment, however there is always the possibility that the well will disappoint. Investors should make sure they book some profits - then stay on board for what could be an exciting ride.

Why ?

Cut your losers, run your winners.

Anyone taking a few profit should have done so BEFORE the CGT changes came into effect, to not do so then, but then do so now would be madness.

This should now run up to 400p or more in the weeks ahead on pure speculation of Ernest.

You are absolutely correct aldwickk. There are a number of scenarios which could affect RKH share price, including unexpected military action from Argentina. Bank some profit & let the rest run is totally logical & very sensible advice. The answer to the question 'Why' is because the unexpected can happen to any company (BP is a very good example).

your looking to be squelched harry..gut feeling not allowed.,.

Ooooh! I don't think I have ever been squelched! Yet another example of the unexpected!

Well I cannot see post 1957, so it must be someone I have squelched who has now squelched you... LOL ;)

Harry, in that case you should sell some of everything you have, as anything could happen to all of them, at anytime, so is it best to sell everything now ?

I am more than happy to keep holding, Dr Jungels buying a lot more keeps that BIG confidence vote going.