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.

cynic you are absolutely right,sp will drift unless there is some tangible news, they are so far away from producing any oil one wonders if the market will lose interest. If they could prove the reserves that might give the sp a boost.

hali - i always mark your posts, but in this instance i tend to disagree ..... NY was down a bit tonight (48), and that may have some adverse effect ..... however, i think most of the selling, though it was quite small, is now out of the way and will leave the way open for a steady rise in sp - always supposing the market in general is not heading south

A little gob smacked this is down after a very positive AGM with very strong hints that the present estimates of 242 mill bb are very conservative.

They have the preliminary report of upgrades on there desk which I presume need to be signed off so we must only be weeks away from getting results on upgrades.....but how big is the question!!!

Almost the only 'red' on my extensive Stockwatch list! Looks like the hot money is finding other opportunities for trading. Only 211k shares traded on RKH so far today.

Marky,

Although I am 'very' positive on RKH, I can understand the reluctance to buy at this level, due to there not yet being 100% proof of the amount of oil found, or of the amount they say they have found (present estimate).
Not trying to de-ramp the shares at all as I feel they are at the current price, excellent value, just trying to understand the reasoning behind the reluctance by investors to chase the price up.
There must be many interested PI's and institutional investors just sitting and waiting for more solid, proven figures.
I have been tempted to increase my holdings, but feel that my present holdings in Rockhopper have about the right balance. I will probably regret holding and not buying more, but I don't want to join the many out there who I am sure are so deeply invested, they don't rest easy.
It is easy to allow heart to rule head, something I fell foul of in the past.
So content to hold and dream of the nice big profit that I am sure (almost) that will come my way, and wish those who are taking a bigger gamble than I all the best.
He who dares, etc.

I am long on this.....but it is bonkers not to bank profits.....at least some......

greek - your logic is irrefutable, as is RF's ..... i got told off my some pillock here for banking a big slab of profit last week ...... anyway, assuming the markets stay generally solid, i would be moderately surprised if sp did not shortly start inching back up, though all bets off if DES has another dud, even though RKH only have 7.5% interest

Nice post Greek.....RF i must be bonkers....all or nothing is me RF always has been,you only get one chance in life and this is my chance to change it for the better.

http://www.internationalpavilion.com/CalgaryPresentations/Falkland%20Islands%20Calgary%202010_files/frame.htm

Below the 450p now 447p

cynic,

The problem is often when anyone sells, they get slated as a de-ramper. Funny how if someone posts that they have bought, without any other comment, they don't get slated as a ramper.
As yet I have not sold 1 single share, but I take my hat of to anyone who makes a profit. Cash in the hand is worth 2 birds in a bush (depending on the birds, but I won't go there). A profit is a profit is a etc.

marky,

Agreed, as long as that chance plays out. There are some chances, that have too much risk for me to take, but I do admire those who sometime go all out for a win all, loose all chance. As to putting that all out risk into finance, thats not my style.

Marky : there is no reason why you could not at some stage take profits on say 50% of your holding....not now...!....next time...after a future good drilling result...wait the 30 days if it is not in a sipp and come back in perhaps at a lower stage .....maximising your profit...it takes a cool head and you need a plan in your head....if it goes the wrong way....forget the 30 day rule and jump back in...you might lose 10 or 20p of profits but so what.....do it with a small amount to start off with....it's up to you...timing is essential needless to say....

I also suggest that you guys check out Faroe Petroleum (FPM) on Aim...if one of the current wells planned comes in big time : expect a jump from 200p to 300p and that's with 25% ownership only(varies from well to well)....with very little downside due the number of wells.

Funny how papal power is no where to be seen now adays....wish I'd sold half at 5....to slow must take more tablets.,.

delete

I was feeling quite smug the other day when the sp dropped to 450p & I managed to buy at 454p, followed by a nice rise to 480+. Not feeling quite so good now as all that particular profit been eaten away! Am starting to get a bit heavy in RKH stock, so will wait for the DES drill results. However I still think that anything under 450p has got to be a good buy for a long term hold.

AGM presentation now available.

http://www.rockhopperexploration.co.uk/pdf/AGM_2010.pdf

.

On slide 4 of the presentation you can see there is a big chunk missing of sea lion from 3D....but how much of a chunk....am getting that warm feeling again.

maybe you pissed your pant's .......

lol.

Sunday Times is reporting a 200 million US$ rights issue will be done by RKH, the process starting in around 6 weeks. Going to be done by Bank of Amercia / Merrill Lynch it says.

Good timing IMO, let the Rachel result be out, let the new RPS report to be out with, all being well, an upgrade for Sea Lion and do a rights issue to reward the current share holders by allowing them to purchase more in a rights offering.

I shall be selling a few of my FTSE-100 stock holdings and taking up my full quota in this coming rights issue if the Sunday Times report is correct.

And do not forget, you have to be a holder in order to take place in a rights issue, as the rights to buy shares are only offered to existing RKH shareholders :) !! Shorters and non-RKH shareholders excluded....... ;)