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.

Firstly, if the placing is done at 2.75 then so be it, these things happen and large swings like this is why I always recommend if you buy you buy fully paid for shares. No spreadbets, no margin, no CFD, no T20..... just buy plain good old shares and sleep easy at night and also you ride the troughs and the peaks with indifference, as I have now. 15 months down the line is where the price should be sky high.

A lot of people may wonder in amazement at why suddenly many people have turned into bears overnight, they appear to have lost all confidence or they just disappear and do not post again at the moment.

For newbies you should become aware of the CGT (Capital Gains Tax) rules. These mean that if you sell a stock and re-buy it again within 30 days you must put the original buy value back on the stock.

EG you purchased RKH at 100p and then sold RKH at 320p but 20 days later its 350p and rising and you buy again, your new buy is not classed as at 350p, you must revert back to the 100p price as your buy in price for CGT purpose. You have to wait 30 days and only on the 31st day onwards can you buy back and then claim the new buying price as the starting point.

A lot of people have sold RKH and are looking at taking the profit and using it for CGT purposes - however this means now they are in effect locked out of buying whilst they must wait the 30 day period.

It is only human nature that during this 30 day period they want the price to remain as low as possible so they can on the 31st day buy back in and they hope the buy back is cheaper or at least the same level as what they sold.

This is why you will see lots of strange posts in the coming 30 days (25 for some who sold a little earlier), you will see people missing from posting or you will see a lot of new names deramping like mad.

In the same way PI's complain about institutions shorting shares down ahead of placings (as has been the case here), a lot of PI's are equally guilty of being misleading when it comes to their AIM share buy/sell/CGT issues.

If the rumoured placing at 2.75 is correct and this is done and dusted then the events of last week are put to rest, all the concerns are evaporated and the focus is back on to what RKH have, and that is a lot of oil.

Now, whilst I am totally expecting DES to fail with the sidetrack, by going into the older sandstone they do have a better chance of a charge of oil, so there is every chance DES might come up lucky, but I would not put money on it.

For the CGT sellers the 20 day DES sidetrack is going to be either very nice or very bad.

If DES fail then it may generate some poor sentiment (although it should not as everyone should expect DES to fail) so their 30 day waiting period might coincide with an availability of stock, although I cannot see it as nobody should now be betting on DES to do anything other than fail.

However, the flip side is should DES strike with the sidetrack then all prices are going up, and thats just at the wrong timescale for CGT waits.......

Its going to be fun, the next news RKH holders want now is that a placing is done at 2.75. We might not have wanted a placing but if its done and dusted it draws a line under all the events and all uncertainty is removed in an instant.

So enjoy the ride - (and buy fully paid for stock if you are going to buy).

Pros - read what my post said!

cc'd from XEL thread where I posted incorrectly

Pros - you can't extrapolate (this week's new word for Emu!) like that ...... north sea with infrastructure and south atlantic with none bear no meaningful comparison

cynic, I now, but it shows either just how overvalued EO. is, or just how undervalued RKH is ;)

Anyway, once the placing is done and the news out everything returns to normal.

The FI campaign is just in its infancy, so far even though I was stuffed on my spread on RKH ...I've done very well......bought back into DES, not for the sidetrack but because there are loads of prospects....in fact they could drill right on Rockhopper's border....that would be interesting....so to me plenty of upside for the DES sp......with the massive potential in mind....as for RKH, will be good to get the placing out of the way...and then get the rig back for February,....I cannot foresee them spudding before then.....their sp is more likely to drift a little before then...even if they have some percentage (minimal) of Desire's next spuds......

I wonder how long it can be before the shade of Mr Ashley James appears on this thread.

Or Sue Helen

re - Banned ..... Proselenes?

well almost everyone knows at "moneyam", I came accross that today

Stegrego - 16 Oct'10 - 13:54 - 12243 of 12324
Contindo..
Pro, or Papalpower as one of his previous monikers that got banned by ADVFN, is talking crap about ..................

PAY BACK TIME, Exposing "copy and paste" and rumper

Tricks by childish "Proselenes" no wonder "he/she" was banned and I am not in the list very strange.......


Pro_S2009 - 16 Oct'10 - 15:09 - 12256 of 12325
keya, its quite simple, if they annoy you, filter them.

Failing that, note their names down and in a week when RKH is calm go an visit every thread where they post and post like mad on those threads - its does not do anything, but at least it pisses them off as much as they piss you off, childish yes, but they are childish people......

I simply filter them.

Out of no interest, but here is my present filtered poster list, and they have all earned the right to be on there by their stupid behavior, be it spamming, ramping, abuse, stalking, general stupidity etc..

.......
.......
.......
......
69 nicknames

pot / kettle springs to mind!

Certifiable.

Two old B@stards have nothing to say above

Comparing last 2 week falls on Falkland's shares


money am does not give names to the colours
blue-RKH
red= DES
yello= ARG
FOGL
BOR
"

Merrill Update from Wed. It ties in perfectly with the CANA poster who claimed it was purely the purposely pessimistic GeoPhys designed to eliminate 9 out of 10 potential appraisal well locations that has been taken as "pessimistic" by the CP.

All ties in very well...........and notice how RPS "appear to interpret" and not "have interpreted".

Never mind, it got the price down and the fund raising is done and dusted so move on.......


From Merrill Lynch/BoA


Auditors lower SeaLion ests on limited technical data...

RKH announced that based on limited new technical data (amplitude/offset and preliminary impedance correlation) reserve auditors RPS indicate potential 30% cuts to SeaLion field contingent resource (2C) estimates to 170mmboe (from 242mmboe).

RPS appear to interpret that as sands thin away from the well the distribution of the reservoir could be different from the original estimates. Importantly, we believe that even at this lower level of contingent resources SeaLion is still economically viable as a stand alone development.


...but management remain confident around further upside

In contrast, management interpret the data differently and remain confident that SeaLion still offers significant upside potentially considerably bigger than the auditors estimates as new sand bodies were identified in the lower fan. Given that the data set is work in progress and was meant to evaluate drilling locations and not offer a definite answer on sand thickness, the final answer to the puzzle will only be known after the company drills new holes next year.

Financing additional seismic and drilling
As widely expected, RKH confirmed that it is looking for additional funding for an extensive 3D seismic programme and to secure a rig to drill 3 firm wells (+ 5 optional) in early 2011. We estimate the total cost of the plan at US$100-150m.

Cut NAV by 115p to 585p; risk/reward still positive - Buy

Reflecting lower contingent resources for SeaLions base case (-136p) partially offset by newly identified exploration upside (+21p), we cut our NAV/PO by 115p (-15%) to 585p. Whilst the news are clearly disappointing near term, we continue to believe that SeaLion could ultimately become larger and more valuable than the market appears to price in. As such we still see the medium term risk/reward skewed to the upside and maintain our Buy rating.

MRSI - you are a vituperative old queen at times and it is totally unnecessary

Cynic

Right o repply

You are an STUPIT BITCH all the time and is necesary to say so then.

You are better of saying whow wrong you were on last week deals, no wonder you started the week with a wrong footed BITCH....Early on the Morning

you are funny - silly that is - for all you do is show yourself for what you are

i have no need need to defend myself, and the same applies to all the others on whom you choose to vent your bile

Stupit talk from an stupit old BICH
Talk share price performance today instead of all ladies gossip..

It was Sunday yesterday all goes an exposing is OK.

I can see you are wrong footed this morning no wonder, I am on top of the WORLD

How FALKLAND shares are performing today, all on the UP

CHARTS -                            5 DAYS                                                                       3 MONTH

Share price at best of the day on a strong order book

315K v 239K

Can't you talk English?