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.

rf unlikely a deal will happen until their recoverable reserves are confirmed, they have already calculated that such reserves must exceed 60m barrels recoverable to make the find commercially viable which gives shareholders some idea of the development costs.

Nope, you are a little out. Good flow test results should add around 300p on to the present price, pending of course any further upgrades to size, in which case it would add more.


required field - 21 Aug 2010 09:45 - 2428 of 2434

Taking all this in...I reckon on a good flow test plus the potential of more in the ground : another 100p perhaps to be added to the sp prior to Desire's next spud....

You are a little optimistic........for a 300p increase there would have to be at least a billion barrels in the ground.......I cannot see the stock increasing in value by that much on a single well and test....I would like it to as I have been adding but that seems to me like a dream....

RF, you said similar things at 90p, at 120p, at 180p at 230p and its all very boring now. We all know you are very exposed to GKP but over there you fail to appreciate the fiscal terms of the license (very poor), the license problems, how little percentage of the license is GKP's, the risk and also the fact that GKP appear unable to quote "recoverable" barrels figures and only ever seem, IMO, to quote Oil In Place.

242M barrels recoverable in the ground is worth to RKH (as they own 100% of this) over 700p a share when proven commercial.

You must appreciate that this is in British waters, with no license risk, with excellent fiscal terms and its owned 100%.

From where we are now on good flow tests those 242M barrels are worth over 700p a share, so its very easy to expect from now (just over 300p) to add a further 300p in the weeks ahead and on confirmation of good flow test results.

Of course, any further upside to the OIP to over a billion and therefore to the recoverable oil level upwards from 242M barrels will see those target prices and rises move upwards as well.

This thread is littered with your "its too high" and when it moves up again suddenly you say you are "back in and its cheap" kind of posts........ give it a rest.

i'll stay with 450 being a realisable target in the short/medium term .... medium = next 6/12 months

Give it a rest proselenes...you are boring me....you have got one stock right and it looks like we shall never hear the end of you crowing....danger of becoming a muppet.....the purpose of these threads is to debate the pros and cons of stocks, not permanent ramping !...

As soon as I have any doubts he or she comes on with the ramping....reminding me of when I said ....or might have said that the sp was too high at that time....so bloody what ?.....a profit is a profit when banked.....getting on my nerves now ....so if and mr boaster says the stock will double ...300p more doubling the value to 1.2 billion pounds cap....not bad on a single well.....I just think that an increase by 100p might be more in order or a sharp spike perhaps by 150p and back down by 50p or so but 300p seems a lot...if it does it will make me a lot....this could put the sp up in the next few weeks if the city think along these terms....it all depends on the flow tests.....if tests of more than 20000 barrels per day come up.....blimey....

The sp should rise ahead of the test results, it will be interesting to see how far it will go, with plenty more drilling to come there will be more ups and downs in the next 18 months or so.....but 600p after this first test ?....that would be incredible....

you said it - "600 .... incredible"
settle for 450 and you're more likely to reach your target

LOL.....

Should be looking between 600p to 700p after good flow tests - good meaning it flows......

Thats without any upgrades to size based on determination of the recovery factor.

I would suggest ignoring the muppets who have called it wrong at 90p, 120p, 150p, 180p, 230p etc etc etc etc etc... ;)

LOL

You will have egg on your face if it is not 600p......how's the chip on the shoulder ?......are you forgetting that we bought back in after the quick profit taking ?...childish behaviour prosels....

certainly no one is a fool who banked a profit .... the fools are those who see shares drop away (we've all done it!) and failed to bank profits, and ended up with nasty losses

Well we have a bit of a wait until these much awaited results....

certainly no one is a fool who banked a profit .... the fools are those who see shares drop away (we've all done it!) and failed to bank profits, and ended up with nasty losses.
these are the truest words ever spoken, I am the master at this.....

It's happened to us all, the thing is to learn from past mistakes.....

Proselenes

Just to say thanks for the explanation.
I obviously realise, as Cynic said, that it is all down to supply and demand, but you have to start somewhere in order to decide whether you want in (or not, as the case may be).
Following someones logic and deciding what you agree/disagree, and then making your own adjustments, is a good place to start.

So, thanks.

don't mh, his head will explode.,.

I think that the sp will start to creep up just on anticipation of good results and buyers, .....this morning it has started....perhps 350p within 2 weeks...just a guess...

If it does reach near to 350p in 2 weeks i will be locking in more profit

wouldn't be surprised if this is a one well pony.....rachel will be the decider.,.