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.

Thats buggered up my 900p end of year target, will have to reduce it to 600p end of year target now post Sea Lion flow tests.

Ah well, its a hard life, buy orders at the ready then....... :)

I expect the news re Ernest to badly hit the sp on opening, to be followed by it settling lower than yesterdays close.
Many punters feel that the sp will not be knocked due to the Sealion discovery putting a value far above the current sp.
Although I agree to that sentiment, surely the disappointing result from Earnest will knock the sp purely due to the high chance that it was a dry hole, now confirmed.
That is not to knock the company, or it's prospects.
When the final results from Sealion are completed, that is when the sp will be a fair figure over last nights closing price.
So Earnest a disappointment, but thats oil exploration for you.
If investors can't accept the knocks, they should look for safer areas to invest.
I am out at 0800 hrs for most of today, so will be spared the panic that I am sure today will bring.

SP will be marked down hard to start with, to stop new short positons and to get margin holders to sell out cheap.

Thats when I shall be buying DES and RKH, and then it will recover as the day progresses.

Got to buy early on the dip, probably bottom will be prior to 8:45am.

Head down, buying to be done of RKH and DES.

lol

Could you imagine if Papel did not hold them, it would be none stop deramping and
100p price targets :-))

The drop is not that bad

I managed to get a load of DES and some RKH this morning, very nice to have a low price to buy in more :)

lol

"a load"

Nothing changes there :-))

I rest my case......all the slating I had from pro whats his face....now we know where rkh is going.

If this does not come up right with the sea lion test.....ouch !.....

I franlkly think that if I was Marky or Prosels that I would sell one third of the holding now ....I'm not selling my lot but they have loads of this stock and there is now a certain amount of risk......this was never going to 900p, that's dreamland.....perhaps later on it might but we are a long way off from that....

BB - brave man to make such a statement!

Keep your feet on the floor rf like me, reckon pro could get sued for ramping.......

There are too many might be's on this thread Av, could be another hawk....think about it.,.

rf... selling ?

FFS, I have just been buying lots more DES and some RKH this morning on the drop !!


Onwards and upwards, Sea Lion flow test and then Rachel (and RKH have a 7.5% interest in Rachel too !).

pp how many bopd are needed to justify a sp of 600p?

http://www.fox-davies.com/media/181949/fdcrockhopperaug182010.pdf

Fox Davies flash note Still a Buy

marky is their tp of 350p before or after the flow test results?

The value here is about size, not about flow rates. All it needs is to prove it flows ok, say 1000 bopd or more per day, and its declared commercial with trumpets and sounds and a big rerating of the share price.

350p ahead of flow tests and should be 750p after flow tests (that is without any upgrades).

Upgrades means higher prices :)...... bring it on.

Hal, the 3.50 target price is purely based on the 242 mill barrels they have once a successful flow test has been carried out it will be re rated on their finds.

Pro i would like to see a lot better than a 1,000 bopd more like 5,000 bopd.