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.

Anybody going to the AGM tomorrow ?.....bring back some nibbles and a few bottles of bubbly...or is that not what they are about ?,.... these do's ?...

Note the venue change to accommodate the larger than expected number attending.

Hangon,

Agree that insider dealing is difficult to fully define.
If you go out to 'Do' insider dealing you should get what you deserve, but if you are told some info in a sort of general chat way, that should not have happened it must be very tempting to act on it. For example....If you had a relative who works for a company in a position of authority, that you held shares in and they let it slip that the company was in difficulties and was about to go under, would you calmly just sit on your holding till it became an official announcement, or sell asap.
I know what I would do.

.

Mnamreh,

Totally agree. What I am mainly saying is that I would not go out intentionally to gain info, but I put it to you, if you were in a position where you were inadvertently given inside info to a situation in a company that you had say an investment of 10,000 and that info indicated strongly that if you sat tight you would likely loose the lot, would you act or not.
I am just trying to be honest, by saying I would probably (OK almost certainly) act on the info I had.
I see a huge difference in coming by insider info be default to by intention.

.

well i'm honest enough to say "of course i'ld act" ..... and when is inside info inside info? - e.g. what if you overhear something in a restaurant or a train or similar? ..... that is far removed from actively seeking confidential info

we all bend ears to get ahead.....level 2 looking for another step up

Glad I held my nerve & didn't sell at the bottom of the dip. Presumably this level (480-490) shows fair value atm?

I should hear news just after AGM tom......lots of news to come......wish they would hurry up with news on the upgrades of Sea Lion.

Well the meeting is underway .....Waiting for news..... nothing on Twitter like Unite union meetings!!!
sp dropping away and some mediocre mutterings on Sharecast

"There will no doubt be a lot of back slapping at Rockhopper Exploration's annual meeting later today as shareholders hear how the group's stock has put on a remarkable 786.9 per cent in the last 6 months. But Rockhopper is still a small cap and will attract a disproportionate number of naysayers as a result. Hold, says the Independent."

The last bit will please Pros!

Result of AGM

Calm down everyone this is my share of the year.

given by non-reaction of sp and no comment here either, i assume agm was a bit of a damp quib

.

They always are....waste of time going to them (not that I've ever been to any, just guessing).....the news is never then, they only talk about what has been....it's the rns's to come that should be interesting....

I love AGM's especiaaly when they are held in a brewery.

Whitbread and such.....good idea...cheers.....

Youngs used to be good!

Anyone at the AGM? Was the questioned raised re upgrades and/or likely timeframe for next rns and if so what was the respone?

Smiles all round at Rockhopper's AGM

As Journey's feel good tune "Don't stop believing" blasted from loudspeakers at Rockhopper Exploration's (RKH) annual general meeting, it was clear that this was a company revelling in its success.


Hoards of shareholders lined the street outside the Gibson Hall London to take part in this feted event and catch a glimpse of the management team steering the company to black gold riches.


As the board of directors filed onto the stage against a backdrop of glistening chandeliers and a glossy slide show of its operations, row after row of attendees burst into rapturous applause.


"Last year we had four attendees, this year I think we have considerably more," chairman Dr Pierre Jungels joked before his captivated audience.


But then last year, AIM-listed Rockhopper did not have the lucrative Sea Lion discovery in the Falkland Islands to its name.


The company watched its shares shoot up when it struck oil in May and rise again 50% this month alone on a successful well test.


Chief executive Sam Moody told the audience he was "delighted" that the first ever discovery on the North Falkland Basin proved much more attractive that pre-drill estimates had initially suggested.


The question now is... just how big might it be?


"When we drilled we encountered greater net pay than anticipated and have since upgraded our recoverable oil estimates to 242 million barrels from the earlier 170 million," Moody said.


While he acknowledged that the company could only determine the full extent of oil present through drilling more wells, he noted that good results to date lead it to believe that it will "encounter thicker reservoir and higher flow rates going forward."


"There is a huge amount still to go for here," he boomed to his enchanted audience.


He was quick to quash fears that the political dispute between Argentina and Britain over the sovereignty of the Falkland Islands could mar its campaign.


"Our success has been solely supported through the UK with no input from Argentina and this will continue to be the way."


Rockhopper is now evaluating different ways of filling its coffers to fund its ongoing exploration programme, but was quick to assure its shareholders that their interests would be very carefully considered in any of the options.


One shareholder David Richards rose to ask the question about whether a potential farm-in with a major might suffer from resistance and problems in light of BHP Billiton's (BLT) recent decision to withdraw from southern licences.


The answer was a resounding "No".


Others questions from the audience ranged from the obligatory rig availability (Rockhopper is currently discussing options to permanently retain the Ocean Guardian rig in the Falklands) to the downright inane regarding a number plate P50 RKH possibly for sale, and bringing with it much laughter from the audience and board alike.


Perhaps inevitably, the question of safety cropped up given BP's (BP-) devastating Gulf of Mexico oil spill to which the chairman chimed: "For the past 40 years, 99.9% of offshore wells have been developed without trouble.


"We have a good team of people managing the rig and the drilling and we work to the highest standards and we are proud of our record so far."


Its greatest fear, it said, was the possibility of another financial dip in the markets which could affect its ability to raise funding - this Dr Pierre Jungels noted, was far more of a worry than any geological or political questions.


But there was little sign of worry etched onto the faces of its loyal shareholders who promptly passed all of the company's resolutions. This included the re-election of ex-easyJet (EZJ) finance director Chris Walton, prompting the chairman to joke that clearly no one had flown with the airline.


As the meeting drew to a close, shareholders once more applauded the team of men before them who have transformed Rockhopper's fortunes.


And in the words of Journey, "Oh the movie never ends, it goes on and on and on and on."