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.

anyone care to comment.... I think that on Monday morning 0800 the SP will open ~10p up and climb to 450p a share until approx 0815-0830 when the profit takers will swoop in and SP will drop to opening levels or under before then climbing again to test new highs later in the morning.

i realise this is crystal ball territory but hopefully after the w/end press pick up on this and the glut of buyers on the L2 hopefully still wanting in then this may play out.

Alex

i currently hold and plan to do so for some time to come.

Nice to Panmure agree with me that Sea Lion at 242 million recoverable barrels is worth over 700p a share.

And if of course this should over time get upgraded to 300M then 400M then 500M as more work is done then that valuation keeps moving up to say 15 pounds for this single Sea Lion area :)

http://www.ft.com/cms/s/0/817c9630-c229-11df-a91c-00144feab49a,s01=1.html

.......... We believe that reserves in the Falklands Islands are worth approximately $10 per barrel and, as such, this field could be worth $2.4bn to the company which is worth more than 750p per share, said Panmure Gordon.............





Comments in the media all over the place, going to be a busy weekend and next week with lots of new broker notes and updates and media coverage.


http://www.guardian.co.uk/business/marketforceslive/2010/sep/17/rockhopper-falklands-economic-worries

..........Rockhopper Exploration, one of a number of operators controversially looking for oil in the Falklands, jumped 87p to 420p as it announced a successful test at its Sea Lion 1 well and said it believed the discovery would be commercially viable.

The company said the test produced sustained oil flow of more than 2,000 barrels a day, over an 18 hour period. Oil specialist Finlay Thomson at Canaccord Genuity said:

Very good news from Rockhopper as the Sea Lion well has successfully flowed oil. The flow-test was restricted by the testing equipment available on the rig, with the group saying that with the right equipment they would expect to flow at significantly higher rates. Whilst this is not actually quantified (given that the group probably needs to spend time interrogating all the data from the test), I'd take this as meaning in excess of 5,000 barrels a day. The next likely news from Rockhopper will be its involvement in the Rachel well which should spud after Sea Lion. Continue buying Rockhopper - today's news is another big tick in the box towards commercialisation.............

Spot on Robbiealexander......not bad guesswork.....it should be something like that.....the sp could be around the 500p mark by the end of next week possibly......so many positives for RKH now....DES not so sure, but the market has priced that up as well......heavens forbid but the sp will plummet if the next well comes up dry...or noncommercial...

At some point when we all sell our main RKH holding, CGT is going to be a big consideration. Am trying to maximise my allowance each year, but some of you guys must be looking at a very large bill from HMRC? Shame that none of these FI stocks are ISA'able.

the one advantage, if you can call it that, of having been almost wiped in the dotcom bust, is that i have large c/f losses!

Cor, that must have been a biggie to still be running now!

Harry, you only pay CGT if you sell it, you can keep the position running for as long as you want and pay no CGT on the paper profits.

So people with sense will strategically sell RKH little by little as and when they have other losses to offset.

Once they selll and offset against other losses they can then, all being well, buy back into RKH into an ISA once it moves off of AIM and on to the main market.

Hence my point. You, Marky and others will be slowly selling so as to minimise CGT (people with sense) otherwise you will take it all in one hit (as you haven't admitted to heavy losses elsewhere!).

oh i've managed to rack up some losses since then too!
anyway, you only pay tax on the profit element, though s/b does not carry that penalty at all, unless the rules have changed .... at some point, may switch some trading back to that

meanwhile, it does no harm to hold both RKH and DES ..... i'ld be pretty chary of ARG and FOGL

.

Harry, an alternate way out is to keep holding your RKH and get yourself qualified as non-dom.

Sell your house, move the majority of your activities as well as yourself offshore and then, once non-dom status is given, you can sell your RKH.

Given the potential gains and the potential CGT bill for some, it might be worth pursuing for a few people..................

Ah, hadn't thought of that! Not yet able to buy myself a little island somewhere!

and then try opening a bank a/c in a tax haven - avoid BVI!!!

So what's going happen to SP Monday and by end of week?

The CNBC video link.

Comments on RKH start about 3:30 into the video.

He says it could double on a successful flow test (this was Friday morning)............. and so we have the flow test success in the afternoon ;)

Should be a strong week next week and many strong months to come..........


http://www.cnbc.com/id/15840232/?video=1593433391&play=1


.

What does anyone think is the potential "surprise" here, given that there could be one.

I think there is something significant in :

Plans for 45 days well testing (including moving) and 30 days of actual test period.

Suddenly its all over well within the timescale.



So what's the surprise ?


I will stick my neck out and take the lead from the comment from Pierre Jungels saying that they believe Sea Lion is the biggest fan in the North Falklands Basin.

I think it means the lower fan is in fact what was referred to as the Chatham prospect separately and is far bigger than first thought and part of Sea Lion. I think something has happened and they have realized that Sea Lion is much much bigger than first thought.

Perhaps the AGM will let the details slip out ? Is Sea Lion going to be over 500 million barrels recoverable ? Is it a "world class" discovery.

Going to be exciting times ahead anyway, and I think there is a fair chance of a surprise coming our way. Certainly the quickly finished flow test and the comments in the RNS from Pierre suggest something quite major is potentially coming our way !

why even have an rns now n isnt ot rare to have results early

i won't even hazard a guess at what might or might not be, but for sure it is very good news indeed that the flowtest result appeared after only 10/12 days which is 2+ weeks early; around 5th october was result forecast date

First time I have looked at this and guys if you have been in from before the rise very well done. I shall raise a glass of wine to you all.

Cheers

Very well done to all in RKH-I sold at 1.75 after she dropped down to 62 afew weeks back. regret it now but at the time I sold she fell further to 62. I suppose I lost my bottle. Still holding huge chunks of AMEr and hoping that we will see the jackpot there.