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 don't think des has dropped at all, it's holding steady RKH on the other hand .....

If I'd kept my short open I would be in profit now....damn....

Rebound in RKH....I was right about 450p.....and there could be upon reserves upgrade announcement a thrust back to 500p....

RKH has a value....DES has Potential .AGR 1 year + before they drill BOR and FOGL cant get a rig.

good call rf.

Thanks...shame that I did not back it with dosh....

Be fearful when everyone is greedy. Be greedy when everyone is fearful.
- Warren Buffett -

They say his book is full of wonderful "sayings" like that....!.

How FALKLAND shares are performing lately

CHARTS -                            5 DAYS                                                                       3 MONTH


edit, just for you

You missed Argos Master, glad i got out yesterday, i bit more to fall then i might jump back in.

marky how much and why? Sentiment turned negative for FI shares atm,we need DES to strike or further to fall.

true, but RKH will be much the least affected downwards

Anyone else expecting by close of play or within the allowed 48 hrs that an RNS re an institutional buy or two comes in?
No doubt they won't have panicked like the many PI's that have.

Have heard from a fellow investor that there are rumours of a placing at 450p.
Anyone else heard the rumour or is this something that has grown legs on the iii or advfn bbs?

it is the sort of level one might expect and not too high a discount which is good

Hi TT,

That rumor was doing the rounds on iii yesterday. I agree though, it does look about right for a placing, but if it was fact I would have thought we would have heard firm news by now. But with our level playing field/100% straight markets, who knows!

Bounce?

Just spotted this quote and comment from a book review of, 'Extraordinary Popular Delusions and the Madness of Crowds by Charles Mackay'.

Quote.....''A person is intelligent, people are stupid."
Reviewers comment...."Whoever once said that must have been referring to stock market manias".

No doubt most 'individuals' thought today movement of the sp was ridiculous, but as crowd sentiment!
So it's very apt for todays investor movement in RKH.

as is equally often said, hindsight is foolproof! ..... for myself, i'm very glad i bit the bullet at 465 this morning, though the result of the sale was "no blood"; sp could easily have continued to plunge, though it happens that it did not ..... indeed, i bought a few back at 461 which makes the position pretty o'weight once more, but i may well trade these

Not sure I agree with your post #2933 greekman. We only found out about the recent DES equity issue on the day it happened. There was no hint of it from the press or on the bb's in advance. I wouldn't be surprised if RHK just announce that a placing has been successful.