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.

It's an honour and a pleasure to share your squelchy step - again.

From a post on AFN :


Cannacord morning note:

Rockhopper - RKH LN

I made some comments regarding RKH to my sales-desk here on Friday afternoon and thought I'd repeat them this morning, given what I believe is an outstanding buying opportunity. Last Wednesday we downgraded our NAV from 641p/share to 545p/share on the back of the reserves downgrade by the competent person. Although reduced, our new target price is still 86% above the current price. Whoever is selling/shorting the stock, as suggested by the downward pressure on the price last week, is running an enormous risk of being caught out. Investors buying today are doing exactly the right thing by getting involved at these artificially low levels. I'd highlight the following points:
86% upside to NAV

announcement likely soon regarding extension of rig contract with appraisal well possible in February

successful appraisal well could easily imply that the 242m barrel reserves figure is indeed more appropriate than the 170m barrels, ie taking our NAV back up to 641p/share

Rachel well result was bad for DES, largely immaterial for RKH - they only had 7.5%

a placing at these levels (300p/share) is not hugely dilutive compared to a placing at 400p/share - the difference is 225m total shares at 400p vs 236m shares at 300p, ie only 5%

retail sellers are typically short-sighted - this fall could reverse very rapidly

Finlay Thomson
Oil & Gas Specialist Sales

No PAIN no GAIN

No wonder there is no much going on at this thread, much of them were wrong footed last Friday ( capitulation )
and when Capitulation happens, then is time to BUY not sell,

no wonder they admit to know FUCK all ............ see below

from the DES thread ..........

cynic - 15 Oct 2010 20:04 - 4994 of 5004
on a much saner note

hali - if you didn't see it already, many thanks for kicking me so i sold most of my RKH yesterday and suffered relatively little pain .... i'll hold the remaining RKH but am happily well out of DES

RKH
holding well, though some profit taking and holding around the pivot 333p

DES
some large profit taking on the last half an hour

i'ld rather have my my money in RKH than DES.

DES's sidetracking looks to me like a (last) desperate throw of the dice, and though there was good quick money to be made here (DES) this morning, i think you've got to be pretty brave to keep holding in the hope of much greater profit - i.e. back through 100

.

Me too at the moment, but maybe it was the UP movement this morning that put you on a BAD MOOD.

Not maybe I am sure, or maybe I am a bit of a cynic

cinic - I think the morning honey got stucked on you finger

You seem nervous Cynic!!! ;o)

cynic

re - DES

They have a good reason to do that, do not forget the data was very positive, though the oil has migrated they had reached the conclution, is better to looking around with the sidetracking, any RKH holder will be glad if migrated to our sites

not at all ..... as i said previously, i'm glad i bailed out when i did, and thus protected the profits i had already stashed away ..... in fact, i had a little dabble in DES this morning, and though i gave back some of the gain (greed again!) i banked more than enough to treat Emu to a pie and a pint at Christmas ...... have bought back a few (more) RKH on the simple logic that they actually have oil, and Cannacord are a respectable bunch, so i thought their analysis worth some attention

MRSI - concur; in many ways it's a win-win scenario for RKH, but assuredly not for DES

I think you lot are barking up the wrong tree.....apart from a huge dilution and enless nonsense estimations for what RKH perhaps has or has not, there will be not much news until late january at the earliest....they might announce new targets to be drilled and such and such a broker might upgrade their stance but 3 months till next spud...minimum....have to say nice rebound this morning....but better value in other oilies....

late january at the earliest...

So that's 3 months for them to hit 35p then. After all the ramping nonsense on here earlier, they're not looking so clever now.

so hilary; tell us your true position on this one ...... have you made and banked lots? ...... have you done your dosh? ...... are you now short, and if so at what level?

not having a dig at you, but it would be interesting to know

Not that it's anything to do with you, but I'm short from last Wednesday and see no reason whatsoever to close out yet.

Hilary...don't be ridiculous....they have made a great discovery.....the only thing is that until more wells are sunk : we don't know the exact size....I just think that the sp will not perform like it has done until a firm spudding date is fixed !...and that is some way away...way after christmas....unless DES perform a miracle....

What great discovery? A cure for brewer's droop?

TAKING THE PIS- at hilary

SHE is holding it very close the her TITS, may as well, as I don't think HE got any bollocks

Trying talking in English, not your normal Ab Jab gobbledegook!

Intraday performance

Not so long ago the share price had a 50% retracement

Let's see what is doing from now on.