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.

And if DES strike oil at Rachel (news could be anytime from Monday next week), all those who sold today will have just thrown it all away.........

The devil in me actually asks was today's news a simple tool to get people to throw stock out so the big boys can buy more ahead of big news next week................ LOL........ but of course, one should not ask something like that ;)

Fox Davies Update :


The potential 30% reduction in P50 estimates has obviously unnerved the market and, although the reduction would be more a reflection of the lack of sufficient data rather than a physical downgrade, an updated CPR will not be available before mid 2011, a 6 month delay to previous expectation of end 2010. On a more positive note the Company has identified additional exploration targets which provide prospective upside. The Company is planning to carry out additional 3D seismic acquisition as well as drill 3 firm wells, with 5 possible options, which would require funding of some US$150m.

Recommendation

The 6-month delay is likely to weigh on the stock in the short-term. However we still believe that on a 12-month view there is upside potential to the level of our previous 5.0 price target and therefore we remain Buyers with an unchanged price target

AND if a duster......means the fan isn't as big as some hope and reserves revised again.

re - cynic - 13 Oct 2010 08:14 - 3119 of 3165
am sure glad i took my own advice yesterday and cut my position back to a "normal" stake

A LIAR about, expose them till get sorted YES .......... cynic

Everytime (he) buys or sells, tells as soon as posible, but yesterday forgot about it, but yes, first thing this morning after the sharp fall........ yes I sold yesterday, I will say you were the fist one to SH!T yourself this morning ............ were are the disposables for ... "cynic" it smells by now


re - cynic - 13 Oct 2010 08:14 - 3119 of 3165
am sure glad i took my own advice yesterday and cut my position back to a "normal" stake

Exactly, Bb, in which case those that sold will be glad they did.
Plus "The 6-month delay is likely to weigh on the stock in the short-term." Enough said.

we have heard you the first time mrsi....getting bored now!!

Rockhopper Exploration (LON:RKH) (BUY, 5.00) (RKH, 460p, ▲ (0.11%)) announced a possible continuation of the drilling campaign under a new rig contract consisting of a possible three firm wells and five options extension with Diamond Offshore Drilling. Furthermore, the Company has entered into two letters of intent with a seismic contractor to acquire additional 3D seismic using two separate vessels. The Company intends to enter into contracts to procure both vessels shortly and, if it does so, it expects that work will begin before the end of January 2011 to allow Rockhopper to better analyse the Sea Lion sandstone fans, as well as allowing more detailed and accurate mapping of additional exploration upside within the basin. The Company indicate that a revised CPR would not be available before seismic acquisition and further studies are undertaken to resolve the complex issue of reservoir distribution within the Sea Lion sequence and narrow the current range of estimates for oil initially in place by reducing uncertainty. Whilst the Sea Lion discovery has enhanced prospects for the Company and its shareholders, further significant exploration activity will need to be undertaken given the frontier nature of the basin, to prove up the full potential of that basin. The Company is therefore currently evaluating its funding options, which may include an equity issue.

Comment: The delay in narrowing the resources estimates, whilst understandable, is likely to unnerve the market. However we would see it as short-term jitter and see no reason to change our forecasts.

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Balerboy

new version, ...... cynic - did not he reckons so I had to repeated

one old post just OK,

3 is 2 too many- marky -

Master stop your sniping and stick with the thread.

Not a good day! Sitting in West Africa and wondering what the F happened between Internet connections and boarding an aircraft. However following Cynic's well known logic of 'A profit is not a profit until it's banked' -'A loss is not a loss until you sell!'

Marky

My boy you are only my pupil, do you remember old days?

do not ever give orders to the Master, just cos things do not go your way today

This thread reads so much better with MRSI squelched. The only smell is the bovine kind he exudes

why did not do it earlier and missed my good points - PROSTI ( acsec )

Oh dear.

A 30 per cent downgrade would see recoverable reserves fall from 242m barrels of oil to 170m.

Cant you just smell those burnt fingers?

Investing in small-cap oil stocks is not for the faint-hearted.

Small-cap oil stocks can go down as well as up.

MRSI - at times you are a bigger tosser than clubby and certainly without his entertainment value ..... my portfolio loss first thing this morning wasn't nice, but it sure wasn't especially damaging ..... you should tuck into some humble pie and admit that your spiteful little canards are totally unwarranted

i suspect that your inflated ego and arrogance will not allow such a thing, and thus you will be shown in your true light

Master we do go back along way over many years and respect is given to those who earn it, been rude and baiting other posters is not the way forward. Thought you were better than that.

Things maybe a little jittery at the moment but I took advantage of the situation first thing this morning and picked up another chunck of RKH after selling chunks in DES yesterday.

Am very happy to hold RKH, it was DES I thought was overpriced and still do hence I never bought back in this morning.