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.

got it wrong Mr P .... have just topped up again at 491 .... shows how little we all know

Missed the 491 but got 494 - now seriously overweight!

The news today had created a spike on the share price, but the trend ( short term ) for the last couple days is now down ( and this is why is doing short spikes down and then recovers some ground).

nice one cynic.,. notice he didn't reply.,.

why would he? .... it didn't coincide with his opinion!

i want to top up in both des and rkh but can't do both with any sense, which is the horse to back in your opinion cyners??

RKH is surely the safer bet, though there is a strong chance that a cash raising plan will be unveiled at AGM

Will be VERY interesting to see at what price they think they can issue more equity. No shortage of takers I would think, but suspect they will be more interested in long term institutional investors.

harry if they do a placing with institutions then existing shareholders could be significantly diluted.

Halifax

Are you still holding PAL ? i see you started the thread for it.

ald reply on PAL thread, what will happen to RKH sp when they announce their share placing DES has already beaten them to the draw by all accounts.

sorry hali, but that is a surprisingly naive question from you ..... the one has little to do with the other ..... each placing, albeit that the companies are almost related, would be assessed on its individual merits

cynic no doubt but also the degree of dilution will be taken into account by all shareholders.

well yes, though DES finished effectively unchanged on the day ..... so what point are you trying to make, though i rather feel you are not enamoured with RKH to start with

cynic no doubt RKH has made a discovery which may prove to be commercial, the only downside has to be the cost of recovering the oil bearing in mind the huge investment required in this potential oil province. We would be more enthusiastic if some major oil companies started to take an active interest in the FI,we hope it doesn't turn out to be another south sea bubble!

ah well, you and your merry men have a low opinion of TLW too, the logic for which has even less foundation .... btw, unless i am even more stupid than usual, i think the RKH find has already been proven and accepted as being commercial ..... perhaps you should try tulip bulb futures!

cynic RKH think it has commerciality but has yet to be proven, keep up!

The next step for RKH is to organise the dates for appraisal wells to be sunk, close by or at a distance to find out the limits of the field. This probably won't happen until january or february at the earliest as Desire will want the rig for several wells in a row. Also the question of finance will come into the equation, do they have enough funds for the suite of the campaign ?.
A big boy coming in to help would not be a bad idea but unless a super deal for Rockhopper is on the cards, they probably at this moment in time would prefer to wait.
At the moment, my view is that it is fully valued but there are other prospects but like with all oil companies, it is hit and miss.....they have other prospects within their license, but will people want to lock in profits now ?, as to my mind : half a billion barrels is already in the sp.
It would take a field of several billion barrels to send this to 10 and upwards but much more drilling is required and one well with a flow of 2600 barrels or 4000 with the right equipment is not enough.

forgive me for asking RF, but haven't you been mis-calling this one for quite some time now? ..... i'm not entirely disputing your logic this time, but i guess that eventually you will have to be right about the stock being fully valued

If you read back to the almost start of this thread : I've been in since 30p or so....it is now 510p....misread it ?.....bought and sold a dozen times as it rises, making sure that if there was nothing I would not get my fingers burnt.....this is worth a heck of a lot on 2600 barrels per day !.....this is not Iraq stuff...where they have flows of 20000 or so....I'll jump in if i can see the positives....staying put is not my idea of a risk free run...