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.

The statistics on the order book are very strong on the bid side

spread 399 / 400p
617K v 287K

good morning friend hali ..... i'm really not sure at all ..... my holding in DES is now small enough so that if sp went to zero, it would not be disastrous, which gives you an idea of my confidence ...... i think my short in FOGL is much more likely to be the strongest!

Made a quick buck on the rebound this morning.....

cynic don't disagree about FOGL unless they suddenly find a rig. If Rachel turns out to be a duster then we should see some further negative reaction to the RKH sp, so perhaps today's RNS was put out to prepare shareholders for some more not so good news.

Could go either way...but it's a pure gamble....I prefer the in and out way with these stocks....done that from the very start of this campaign...not the longterm stay put style...not until more appraisals have been sunk...then that will be alright...I had the feeling we could see humpty dumpty....a few days ago...

required field

Well done thats the way, follow you own strategy

With the Desire well results probably not coming through for another 3 weeks at least....more up and downs to come...this is on a knife edge as to whether Rachel comes right....I prefer the wait and see approach playing these FI stocks.....

RF i would start looking for an RNS from this Friday onwards.

Yes marky, anytime from this weekend onwards IMO news could come out.

397p -62p

This morning action

Too soon....spudded on 27th of september and a rns now.....?...not even 2 week sof drilling....I doubt it....

in english, he means it dumped and has now recovered about half quite sharply on digestion and further consideration!

The "J" B@STARD -cynic -has indigestion from the earlier LIES

btw was posting without the THICK glasses.

RF, the other drills have all been "news in 20 days".

27th Sept to 30th Sept = 3 days.

1st Oct to Monday 18th Oct = 18 days


Total 21 days.


Therefore, news can come anytime from this weekend, as marky and myself have made quite clear already.

I bet we won't get any.....for some time !....hope I'm wrong....as am at a loss on my remaining smallish position...

They lost a couple of days early on but as long as i know everthing is going to plan.

As I am intimating in my opinion, seems to me that RPS have just been extra cautious for the moment, probably in light of the pending Merrill Lynch/Bank of America run Rights Issue/Placing, IMO.


...........Peter Hitchens, analyst at Panmure Gordon, said: "The appraisal drilling on the Sea Lion discovery will allow the company to get better information over the potential reserves in the field. A CPR on the current data would lead to a 30% reduction in the potential recoverable reserves. Although this might be construed as being a negative, we believe that this is an unhelpful comment rather than anything to get worried about.

"We believe that there is significant upside that could well see the reserve numbers increased and as the additional data is collected, the reserves in Sea Lion are likely to increase over the original 240 million barrels rather than decline."


David Hart, analyst at Westhouse Securities, added: "The large reduction in resource guidance in today's announcement has had a significant adverse impact on Rockhopper's shares this morning. However, we believe this is overdone. For now, assuming a more conservative resource estimate of 170mbbl for Sea Lion, we have reduced our target price to 495p but retained our 'buy' recommendation.

"However, we believe that there remains significant upside associated with Sea Lion, which will be unlocked following additional work, not least of which will include additional 3D seismic and drilling in 2011...........

FD note.

http://www.fox-davies.com/media/213791/fdcrockhopperoct132010.pdf

.

Do I sense .....a little bit of panic....creeping in....546p down to 395p.....tut tut....

390p now

still strong on the order book, but not as earlier one posted

order book / level 2

604K v 340K