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.

for me there was plenty of factual news, like finding out that south was north and often flat when it was south, and even rather more east than south!

But when there's a south in the north does that mean that south contains east and west???

if you did but look, you would see there is nothing to the west, except argieland which must be falling off the edge of the earth - or already done so as its not visible!

Hopefully it's fallen off the edge of the World.

If you lot had been in The Royal Navy in 1982 you would still be floating around down there trying to find The Falklands!!! ;o)
Anyway, after all that we have established that the spud date for Ernest is likely to be soon after the 21st July (weather permitting), which is when the RKH sp should start to show more signs of volatility.

Balerboy : There are 2 big main areas, one to the north of the falklands and within that area there are 2 main basins A) the northern basin and B) the southern basin....DES and RKH are operating here.....200m of water or so..shallow...
Next, you have to the south of the islands and a little bit to the east another vast area with FOGL and BOR hoping to get a rig there next year......deep water 1000m and more...

nothing likely to happen with RKH for several weeks so might as well use funds elsewhere pro tem, summarising Falklands drilling so far 2 dusters 1 success (to be confirmed) not quite the bonanza we expected, but still a lot more drilling to be done assuming funds are avaiable.

Halifax i do hope you invest in seven weeks time said the man who is holding BOR shares.

BOR NO RIG
NO EIS
ALL DEEP TARGETS
VERY EXPENCIVE
BIG SELL

Keep it up Halifax we will get you on mastermind yet

LOL - It took 7 dusters in the North Sea before they struck one with oil, so I think the Falklands is doing rather better, as it should of course.

There is of course no point having any money in BOR/FOGL or indeed DES at the moment, they all have nothing and nothing happening too.

However, RKH is still undervalued based on what they have already, let alone what they mind find in the months ahead.

Therefore the wise money will be piled up in RKH !

http://www.hybridan.com/HybridanSCW/?small-cap-wraps

13 July 2010

............Rockhopper Exploration (RKH 327p/629.56m)

The North Falkland Basin oil and gas exploration company announced last week that its Executive Chairman, Pierre Jungels, had increased his shareholding in the company by 23,350 shares. Rockhopper has moved from strength to strength since the beginning of the year, having made an oil discovery at its Sea Lion exploration well and, last week, presenting a new analysis of wireline MDT samples obtained from Sea Lion that is helping to confirm a medium grade crude oil. Share price has risen from 38.5p at the end of May to 327p as of today. Management investment is usually seen as a good sign of confidence, and we have no reason to suspect otherwise in this particular case. Having put considerable time and resources into exploring this site, Rockhoppers good fortune is well deserved. A gushing success, we think...............

Just shows how bad news always overshadows good news.

In yesterdays Telegraph Business, the Fogl failure was front page, with the heading, 'Falkland Oil and Gas falls as well proves dry'.
Fair enough, but where was the Rockhopper discovery when it was reported, which was far more important as regards the FI fields, it was tucked away inside.
Yesterdays report also contained comments such as, 'The setback is the latest in a series that has dogged exploration around the Falkland Islands. Forecasts that the area around the islands could hold up to 3, billion barrels of oil have appeared to date, to be wildly optimistic'.

As Proselenes states, "It took 7 dusters in the North Sea before they struck one with oil, so I think the Falklands is doing rather better".
Quite right to!

For those who have not kept a close eye on the FIO's they would on reading the very pessimistic Telegraph report think this was almost a too much to risk area of investing.
Where do they get the 'This is the latest in a series of setbacks etc', instead of stating, 'although very early in the campaign, the percentage of discovery/failure is better than the average'.

As already said, bad news always overshadows good news, and no doubt the Telegraph report will influence the potential investors to stay out.

These newspapers reporters are generally very close with Institutional Investors. If the II's want to sell, the papers tip the stocks left right and center. If the II's are buying they will avoid mention or write depressing articles.

Every so often they get fed a bone with which to tip and make money.

Therefore its no surprise................

Did a little write up on TMF as a poster there asked some questions about RKH. Link below :


http://boards.fool.co.uk/Message.asp?mid=11979388


.

marky thanks for the umpteenth repeat however took small profit in BOR some time back when they went over 70p will probably go back in when their future plans become clearer as they have 100m cash enough to drill 3 wells good luck with RKH you may need it!

Harry
"If you lot had been in The Royal Navy in 1982" - I was - surveying Berkeley Sound in 1981 as an area for oil rig maintenance / production! This exploration goes back years, both here in the FI and in the Far South. Also in the area when the Argentinians found it a year later! Held shares with FI interests since 1982 and now the good times roll!

I agree with Pros that the press have an infuential bias and serve more than one master.

Appointing KPMG is a step in the right direction for a full FTSE main market listing soon........

http://www.investegate.co.uk/Article.aspx?id=201007160700084411P

16 July 2010

ROCKHOPPER EXPLORATION PLC ("Rockhopper" or the "Company")

Change of Auditor

The Directors of Rockhopper announce that, following a five yearly review of the external audit function, they issued an invitation to tender to both their existing auditor and a number of new auditors. Following meetings with each of the candidates, the Company has appointed KPMG Audit Plc as the auditor to the Company and its subsidiaries with immediate effect.

Baker Tilly UK Audit LLP has resigned as the Company's auditor and has confirmed to the Company that there are no circumstances in connection with its resignation which it considers need to be brought to the attention of the Company's shareholders or creditors. The Directors of the Company would like to thank Baker Tilly UK Audit LLP for all their hard work over the last five years.

Rockhopper Exploration plc
Sam Moody - Managing Director
Tel. +44 (0)20 7920 2340 (via M: Communications)

M: Communications
Patrick d'Ancona or Ben Simons
Tel. +44 (0)20 7920 2340

Canaccord Genuity Limited
Robert Finlay / Henry Fitzgerald-O'Connor
Tel. +44 (0) 20 7050 6500

Warning.

If you are tempted to open a link re Fogl on iii by the poster jsander34, DON'T as it is spreading a virus. Thought it best to warn on here as I know a few of us are members of both sites, and have shares in Fogl as well as Rkh.

Greek.

Just tell the Administrator on iii & they will remove the post. (Or do you have a hidden purpose for bringing that post to our attention???)

greekman,

Can't iii remove the link ps .... have you seen those Ali t-shirts yet ?

Aldwickk,

Many have asked iii to remove since first posted on 13th. If only they were as efficient as MoneyAm.

Re the T shirts. Have not seen them yet, but about 2 weeks ago I ordered 2 T shirts both with boxing scenes on them.

Will discuss my hero Ali and my boxing nickname on The Talk to yourself thread if interested.