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.

Am thinking that a DES duster has got to be a good buying opportunity in RKH. Can't decide where to put my 'limit buy' price though. Am assuming much of the assumed DES duster is now priced in, so maybe 280 ish??? Or is that being greedy?

Edited as Wrong Thread

Has Pro bought another 850,000

Been double the buys to sells so far today.

marky if DES has another duster where will the sp fall to, 250p perhaps?

Who says DES has a duster-too early. If they do I see 2.50 as support.However many will get out and take what profit is left. Its dwindling every day now on uncertainty.

You should be able to find out in a couple of days Hal.......she will fall like a lead balloon on news of a duster, you should be able to pick some up between 20p and 30p I would of thought!! there still drilling so may not be a dusterwho knows but am happy sitting on the fence watching and waiting.

marky 20-30p a bit harsh, but if that happens where will RKH's sp fall to?

250p

Sorry Hal i was taking about Desire there at 20 to 30p

RKH have found oil Desire havent as of yet, so it will fall in sympathy like all the other Falkland oily stocks but I cant see it going down much as you cant take the 170 mm barrels away and they have over 200 million sitting in the bank.

I think its even possible RKH will get the rig back off DES earlier than first thought as Desire will want to analyse as much of the data possible before wondering where to drill as they are running out of suitable targets to drill at present.

The city boys bought in at 3.15p and it was over subscribed so am a little surprised to see it at 3.00 I put a buy order in a last week which I cancelled due to me not been comfortable with things and thought it might fall further.

Waiting for News on Desire and will buy again on any good fall and top up.

RKH is my bigggest holding at present.

from your comments young marky, i guess you still (now?) think the chances of DES finding anything are increasingly remote

Every chance Cynic.life has taught me you just dont know what round the corner,
They have 3 more holes to drill after Rachel its very early days in exploration.

So am just taking a breather on this one for now.

Posted on ADVFN



eburne1960 - 26 Oct'10 - 17:38 - 12942 of 12944

Thank goodness I ignored that shocker of a ramper Pro and sold out at 455p, I really can't see any reason why the price should go up for the remainder of this year, so I'm quite comfortable with my EOY forecast in the header.

3D Seismic Programme - UPDATE


Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce the signing of a further contract for marine seismic acquisition services with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia ("Nadia"). This contract is in addition to Rockhopper's contract for the MV Polarcus Asima vessel announced on 21 October 2010.

Got in again at 300p yesterday

RKH will rise or drop with DES.....toss of a coin as whether you buy now or on a further dip.

Toss of a 12 sided dice more like!

with great difficulty, i have decided to stay neutral on both DES and RKH until after the result ..... if DES flukes it, then i'll be very happy to have missed out on the bottom .... however, the odds look to be weighted against a commercial find, and if that is the case, then there are some big falls ahead.

for the record, i have left my FOGL short running, at least for the time being

Rockhopper Exploration started with buy rating and 530p target price at Panmure Gordon