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.

I love it that before last week there was just a few people posting here, but now its full of new names and pretend shorters..... :)

Repost, as it got lost in pages of nonsense. I would love the shorters to be caught out, imagine a bear squeeze up to 500p and beyond, shame its unlikely to happen.


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

MightyMicro

re - personal vendettas

on which side of the river are you then red or blue?

Do not fall from "Palo Alto" or may get a stick stuck to your arse

note: when nothing is happening, its OK a bit of fun, even if is at your expense

Please stop talking Ab Jab and learn some English!

et toi; ce serait meilleur encore si tu ne repetais pas six fois!

?????

.

Leaving here now due to the nonsense being spouted. This thread used to be for grown-ups who invest in shares. Don't want to squelch as most still have good worthwhile input when they want to.
Don't mind a bit of banter, but having to wade through multiple posts looking for the 10% or so of those still about RKH is not worth my time.
No longer post on RKH thread on iii due to the rubbish being posted. Looks like I will have to look for yet another site.
Anyway, thanks to all who have contributed in the past.

Greek.

Does she now is for her?

she may think is a pick up clue, they do not speak french in Peckam

He'll be back. Apart from The Motley fool (a bit techy for some), this is the best there is!

Just being reported this morning large trades that lift it the shares ( they used to call them "T" trades, but for the benefit of the MMs now, there is no clue, unless you see that does not belong to now)

200K at 311p
25k at 311p

You lot would be better off in AFC than in this......better % to be had in increases....

Palo Alto? Hmm, must update my profile. Moved from there a couple of years ago to Mountain View, just like Google. Still do lunch in PA, though.

Proposed fundraising to raise approximately 200 million through the issue of new ordinary shares


but at what price?

Use of Proceeds
Whilst the Sea Lion discovery has enhanced prospects for the Company and its shareholders, further significant appraisal and exploration activity will need to be undertaken given the frontier nature of the basin, to prove up the full potential of that basin. Rockhopper's short and medium term aims are to:

appraise the Sea Lion prospect in order to move towards a final investment decision;

drill further exploration wells on its northern acreage, where the Board believes there are additional prospects potentially providing material upside;

shoot additional 3D seismic across a wide area of the North Falkland Basin, possibly sharing the programme with the other operators to help to defray the costs;

drill further exploration wells on its southern acreage, should the interpretation of the newly acquired 3D seismic identify suitable prospects; and

meet the ongoing commitments of the farmed-in acreage, where Desire are drilling and might be likely to appraise following a discovery.

Reaching the point of a final investment decision for the Sea Lion prospect will require a full appraisal programme and a field development plan. A full appraisal programme will require drilling a number of appraisal wells, all of which are likely to be cored but not all of which should need to be tested. In order to move towards a final investment decision both a development plan and an amount of front end engineering design will be required. Given the frontier nature of the basin, any development plan will need to be particularly extensive, covering all the challenges relating to local infrastructure and logistics as well as the development of the asset. Furthermore, whilst the Board believes that Sea Lion alone is of sufficient size to justify the next stage of investment, it wishes to continue the exploration of the balance of its acreage. Further exploration will require additional 3D seismic and exploration wells. In terms of 3D, a survey is being commissioned to cover a number of areas, which are likely to include the continuation to the south of the Sea Lion prospect, the continuation to the north of the Johnson contingent gas resource feature and possibly further work in the southern acreage, licences PL023 and PL024. In terms of further exploration wells, the initial targets are expected to be in the northern acreage, licences PL032 and PL033. No further exploration wells are likely to be drilled in the southern acreage (PL023 and PL024) until the results of the any 3D survey in the area have been fully interpreted.

325 looks an reasonable guess - but 300 at worst
while good to see a decent rise here today, and 330 holding, would have been happier still if close had been 10p higher - i.e. above 340, which i see as something of a resistance

Well they are wanting the max amount i thought they would go for 200 mill, get this out the way and we should see a steady price rise soon after.

re - Placing price

The shares finished well up at 336p, so considering a 10% discount 305p could well be achieved and that is a large discount, so a better price should be able to be negociated. Some times a 5% should be a good enough discount so 315/ 320p could be on the cards.


On the 7th of June 10 was the last placing at 280p, so it should be expected a much better price now.

Proselenes - shouldn't you be called Probuyin"es? :)

Good placing with a hell of a lot of money raised.....but huge dilution expected....