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.

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.,.

6% only in that one I think....big one for DES.....if that fails ouch ! for them...

I see there was a huge BUY OF 250,000 at 13.51 some one is very confindent of the results of the flow test.

unless it was a massive bear closure!

Everyone should note that after testing the Sea Lion well it will be Plugged and Abandoned. This is due to the high cost of keeping a well in "suspended" status and the need to revisit often to check.

This means that all the money presently deposited with the Falklands government will be released back to RKH, which will give the cash balance a nice boost.

This is the plan, so as to prevent misinformation later when it is Plugged and Abandoned (no doubt some idiots will be posting at that time that P&A is a bad sign as they try to short), everyone should be aware now.


FIG Mineral Resources Department.

"Rockhopper Exploration spudded their Ernest well (26/06-1) in licence area PL024 on 23rd July and have announced that the well did not encounter any oil shows. The well has been safely plugged and abandoned This was another first; the first well to be drilled in the southern part of the North Falkland Basin and the data will be of huge benefit to the understanding of the geology in this area and will assist companies in deciding where to drill future wells.

The Ocean Guardian has moved to Rockhopper Explorations Sea Lion well, (14/10-B) that was drilled in April/May where hydrocarbons were encountered, resulting in the well being suspended for re-entry and testing. After testing, the well will be permanently plugged and abandoned. The current programme includes anchoring up, re-entering the well, drilling through cement cores and locating the hydrocarbon intervals, testing and plugging the well, is anticipated to last 25-35 days. Actual flaring of hydrocarbons is likely to last less than 48 hours. These are encouraging steps but there is no gua guarantee that the well will produce commercial hydrocarbons until more appraisal wells are drilled and further analysis is carried out over the following months and years to establish the economic viability of the field.

After the drill stem test on the Sea Lion prospect, the rig will be contracted by Desire Petroleum and their Rachel structure will be drilled which is located south of Sea Lion in licence PL004. "