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.

Interesting we now have confirmation the CPR was based only on 50 sq/km and not the full potential 100 sq/km.

Thats nice to know !!

skinny

re - "THE SELL OFF WAS COMPOUNDED AT AROUND 4PM"

That comment was from "galileo1" and looking at Intraday chart shows it was 3pm that took place, so I wonder if the person was giving GMT or European Time ( they are 1 hour ahead).

I must say all the Falkland Island shares fell heavilly at 3pm

I'm only disputing that it was compounded by spread betting companies issueing margin calls at 4 or 3pm. They issue margin calls whenever necessary - not at one time every day.

no fun biting the bullet (again!), but a damn sight better than allowing losses to run away

cynic probably a shrewd move, there has been too much blogging hype it reminds us of TMC a couple of years ago (where is lex1000 now?) which spectacularly crashed to earth from over 5 per share to 15p.

i still hold, but am wondering whether to reduce still further, though at least there is some modest comfort in being short of FOGL

His a tax exile after selling at 5

Guys....all you need now is a well informed broker or two to give an upgrade and the stock will recover.

rf broker recommendation "kiss of death"!

A bit like the investors chronicle tips at one time...they were like a curse tipping stocks a few years ago.

Guys....all you need now is a well informed broker or two to give an upgrade and the stock will recover.

All explorers have one good bull run. After that. they only very rarely recover.

A rebound will come...it's risky...but that's the nature of the game.....oil has been found and if there is some, then there has to be more....somewhere.

Sold the remaining DES I had, looks to me like they have drilled the main well and found bugger all, and now they are going to do the sidetrack in a last throw of the dice to find something with this well.

Anyway, who cares now, I have a nice little extra pot ready for a RKH top up :)

Hilary, yes, I would agree explorers who find nothing generally never recover, but those that find oil go from strength to strength.

13 days drilling and you have the result hey ?......a word beginning with b springs to mind !.

Pro thats rubbish as we would have an RNS stating that.

Desire is a buy they are still drilling at present.

The earliest we might get news is this Friday if they are scared it may leak out like it did last time if not news will be Monday or Tuesday. They will shut down communication from the rig when near and as long as I am aware communication is still up and running.

Rachel is right next to Sea Lion,15 km if you are going to find oil its going to be with Rachel and in the fans, the same as Sea Lion.

Its a gamble but a dam good one its not like Ernest the odds are stacked in favour of this been a success.

35 days is drilling through down all the way, running casing and liner, doing logging etc.. and then P&A the well.

Presently DES are about day 17, thats easily long enough to go through 2 of the fans, now if they both are dry or water then there would be no point wasting time and money to go down to original TD. They could stop there and do the sidetrack that was in the original plans as a possible thing to do.

The volume of selling is telling you something is wrong at the moment with the drill....................

marky, well, we shall see.

I have derisked totally out of DES now and will simply buy more RKH on dips for the moment.

DES is now sufficiently low and falling that you can afford to watch from the sidelines and still get on board after any good RNS but avoid all the risk now of the potential for a 2nd failure.

Proselenes,

There's probably oil somewhere under my back garden, but that doesn't mean that it's commercially viable to extract it.

The same situation applies here. Given the hostile operating environment and the equally hostile neighbours, I'm quite happy to bet that you'll never see a Falklands field go into production.

Rubbish hilary...sorry...but that's nonsense....

hilary, and I will happily take that bet.

The operating environ is not hostile, no different to the North Sea and the neighbors are all mouth and no trousers.

You have already been told, in no uncertain terms, that Sea Lion is deemed commercially viable.

End of story.