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.

Am sure we will get an upgrade before any right issue as they will want the share price as high as possible as there will be less dilution

marky will the anticipated rights issue be announced before Rachel drilling results or after?

A move to the main market will be announced with the expected rights issue.....or should be...

No it will not. Their plan is quite clear.

Raise money, appraise Sea Lion, get over 600 million recoverable barrels proven after appraisal and then..... move to the main market.

So expect a Rights Issue on AIM now to repay shareholders, and then an institutional placing next year after appraisals on the move to the main market.


required field - 05 Oct 2010 20:10 - 3037 of 3037
A move to the main market will be announced with the expected rights issue.....or should be...

Does it matter if they move to the main market with the capital raised or after ?.....No....the move has already been announced.....have to get your oar in...hey !.....taken any profits in the slump ?....I bet not......rights issue to repay who...? you talk some crap at times Proselenes.

"you talk some crap at times Proselenes"...Pot,Kettle and Black there rf!

Well he does.......if they want some more capital ...it's not to repay shareholders but to pay the riggers.....and are going to use every means to get more dosh.

'Going to use every means to get more dosh'.
Of course they are, but the way they intend to go about it will at least give existing shareholders a chance to increase their holdings, which allowing for the obvious discount should make our holdings increase in value even after dilution.
Far better than putting it out to institutions, which is quicker and cheaper for the company, but as we know a total miss out for us PI's.

Don't think that they are going to do the minority shareholders any favours, but if they think that this is best way to raise capital at this point...so be it...

if the money to be raised is by rights issue rather than placing, then unless i am much mistaken, PIs will get exactly the same terms as institutions

Cynic,

I am sure you are right.

makes a change doesn't it :-))

sp slipping in the absence of positive news, success or otherwise of Rachel will either boost the sp or we may see a serious fall.

ignoring that RKH's sp may be artificially plumped ahead of any rights issue, other than emotionally, the effect of Rachel being a duster should have limited impact ..... RKH only have a 7.5% interest in Rachel and of course they already have a few shillings-worth of oil in the kitty .... the effect on DES would of course be very significant, which is why i only have a 50% stake there

50% of what cynic?

For those not already invested, I think the de-risked play here is to back RKH. In the event, DES hit s duster, RKH will be affected but marginally so and will probably recover quite quickly based on the fact they already have oil. If DES strikes, the field will be further proven and RKH will react in sympathy to the inevitable DES SP rise. Of course, DES SP will triple, whilst RKH's shows a moderate increase. Depends on one's risk appetite I guess. Following RKH's fall from recent highs, judging an entry price may be a challenge.

50% of my self-imposed normal stake .... the quantum is neither your biz nor actually relevant ..... inter alia, it is an indication of the risk/reward i perceive

Not just a duster but less than fifty million barrels.....20 or 30 million and RKH rises and DES drops.....(a few ifs and buts) to go with that.....agree with your thoughts entirely Ptholden.

Your %age figures are a relatively new addition to your posts cynic! As we don't really know what your self imposed stake is each time, they seem to have a spurious relationship to any actual figures! Am happy with 'Underweight' 'Overweight'. :o)

are you over weight harry........