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.

Sold half my spread at a loss...just had to.....

The last fund raising was at 280p thats why the sp is being supported at present level.

re - Proselenes
Sad, when will people learn.


Very sad indeed coming from a Hypocrite like you, given wrong figures and RAMPING like not tomorrow, even when it was clear they were on retracement.

Apart from the fund raising : there will be possibly no news for ages and getting the rig in march..perhaps...

Turning into a mega disaster here....Proselenes....you must be crackers not to have banked some...

It seems it has been a rollercoaster on reaching certain figures and investors or more like speculaters
cuttingg their losses, so till this gets to an end, it will not be a bounce back


                                      

Can you repeat that in English?

cynic, how can you have a thumping loss when your major buy in was at 38p ?

You keep saying a profit it not until you have booked it.

So how can I have a loss ? 38p to 300p is a whopping great gain. 38p to 200p is also a whopping great gain.

You cannot say its not a profit but then its a loss........ ;) LOL

whatever you say .... but in my seriously honest opinion, sensible investment also includes sensible banking of partial and substantial profits, not just allowing them to fritter away - go to the history of ARM inter alia

Out of it completely now.....big bubble burst !.

Cynic is right : you just have to take profits....you have to....

I banked some profit 536p being the highest price , sold out yesterday at 363 and 376

.

The good thing for RKH is they do not need the cash super fast. With the return of deposit money from the FI government (Sea Lion suspension deposit and Sea Lion testing deposit) they will have got back a tidy sum. They will be able to pay for the percentage of the Rachel drill and the new seismic, thats not an issue.

The only thing they need the cash for is the deposit on the rig, so the timescale for fund raising is really only demanded by the rig deposit.

So given the rig contract at the moment ends in Feb 2011 they have plenty of time to sort out the funding by whatever method they want.

I expect around end of November we will know what the fund raising price is and what method it will take.

Reading this thread has brightened my day.

If it's an RI---lower price = more shares required = more dilution.
2517

Watching the share price plummet has brightened mine, MM.

Yep, but I will part of the dilution and so my shareholding is not actually diluted as I will be one of the diluters ! :)

mnamreh

" I see you so do " brush up on your grammar old chap

Well, the deposit for Sea Lion was around 16 million and so was the testing deposit - so with them returned thats around 32 million back into the bank account.

We now know that well drilling cost for 2011 is expected to be 14 million per well, so applying this to Rachel 1 the well cost for RKH @15% was 2.1m pounds.

Now that RKH have paid 15% of two wells (Liz and Rachel) they now go down to 7.5% cost.

So Rachel sidetrack will cost RKH 1.05 million pounds.

Still leaves them plenty of money to pay for the seismic and generally go about their business for another couple of months.

Therefore fund raising, whilst it is there, is not an emergency requirement, and you never know, that strange company called DES might strike luck third time around and then everything changes.... but we should not talk about them and "that" sidetrack.