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.

RKH is already getting ahead of itself....so far it has proved to be a super stock, but the costs of getting anything out of the sea floor will be staggering....probably a farm in or such might be on the cards, but we are years away from that.....in time it could be worth 10 or so but we are also a long way from achieving the tenner.....the value in the ground has to be discounted by a hefty margin when compared to the sp value which is always much lower.

RF, how many times do you need to be told.

Based on suitable discounts a flow tested Sea Lion with P50 242M barrels recoverable is worth over 700p IN THE GROUND.

Can you understand that, do you need to be told 10 times every week ?

LOL :)


And of course there is Ernest to be drilled next plus a whole host of other prospects that are now significantly derisked :)

From someone who said sell at 95p saying RKH was overvalued, then to be honest, you have not got a clue how to value RKH, so please, stop trying to :) !

children, children! ..... if you don't stop squabbling, you'll be sent to the nursery without pudding and will stay there until you learn to behave

cynic you did suggest pp is overweight and should go on a diet.

rf...perhaps you could suggest what the costs of getting the Oil out of the sea floor are and what the value of the product will be, so that we can make an informed decision, when buying/selling...look forward to your results.

"Furthermore, our recently updated economic model indicates that a stand alone field of 60mmbbls recoverable could be commercial at oil prices down to US$50 per barrel.".....how big will sealion prove to be after the flow test?

"RPS Energy Best Estimate recoverable upgraded from 170mmbbls to 242mmbbls recoverable with significant upside potential"

Chav dont confuse him even more

RF if RKH pulled there finger out and had all the tools at there disposal they needed they could be pumping oil in to a FPSO within a 15 months and making money.

But they won't be will they ?....You lot are much too all for this....it's a great stock yes...but don't you ever question things about the stocks you hold ?....as soon as anybody has any doubts : you get the adverse above reaction...ridiculous !...

Love the plan Marky...thanks....perhaps I should carry on as this brings out some great info from you lot......be in no doubt as to great cost for extraction....but it will be worthwhile.....If they have another find like Sealion then 5 minimum......you see even I can be optimistic but not way over the top !.

rf...those that are into RKH have been supplying figures and facts to try and support their opinion on why the sp should keep climbing....U on the other hand don't supply anything to support the negative slant.

Anyone that buys into ANY stock should be aware of the pitfalls and then decide if the risk is worth it. I personally think that RKH is still a strong buy at these prices based on the figures I have seen.

chav, RF sold at 95p and screamed it was overvalued, and has been ever since, all the way up.

Sadly RF has not got the slightest clue how to value RKH and so you can simply ignore these outbursts if you like, its nonsense and just RF being petty and green eyed with jealousy ;)

while it is true that there will be serious problems in getting the oil out and moving from here, the same could be said of TLW's massive find in uganda ...... it becomes an irrelevance, for if the company does not have the money, there will be plenty of others queuing up to relieve them of that problem

cynic don't forget time = money.

true enough, and sp will build in a discount to account for same - once the market knows or at least has a better idea of excatly what has been found etc ..... i don't think RF is the font of all knowledge in that respect!

Thats why oil in the ground gets a price of between $6 to $8 to help people work out what the share is worth.

cynic we should find out whether RKH's strike is as good as the sp suggests or better within the next 3 months.

i agree with you hali, though no doubt i shall continue to trade some and hold some

Missed all the FOGL excitement whilst in France...luckily sold 2/3rds on Wednesday but I'm licking my wounds on the remainder.

Le Mans was 'hot' in every sense of the word! However the car never faltered which is more than can be said for an E-Type on the ferry home that looked very much worse for wear - sadly!

However, back to the thread...

"if RKH pulled there finger out and had all the tools at there disposal they needed they could be pumping oil in to a FPSO within a 15 months and making money."

Am I missing something here? I thought that RKH was an exploration company - full stop.
Surely once the in-ground assets are more defined they WILL sell to one of the big boys?

Avsec,

No you are not missing anything. Some people forget they are an exploration company, so yes they are most likely to sell the well, although they could retain control under a license to a producer.

As to the Fogl results.....Obviously a very bad/disappointing result, but RKH still went up as I predicted in a post last week. No doubt this is a result of investors moving out of Fogl and into RKH. Not often right, so nice to be so for a change. It was a win, win situation for RKH holders. Unfortunately I like many are in both. Far deeper with RKH though.