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.

perhaps we should buy FOGL then :-)) !

Perhaps you should have close your short on DES yesterday Judas, out of pocket again

DES 100p +9p

I know how to make money, and also know JUDAS lost plenty from stolen goods
And also know how much of a LIAR you are saying I went short yesterday on DES, naturaly bu then the share price was down, you have already done that many times BIG LIAR.

Who is going to believe a JUDAS, apart from another Judas.

edited

good morning chippy ... why should i close my short on DES when it was taken at 112 2 days ago actually? ..... i was running another previously, but had fortuitously closed that at 69 before all went ballistic

you really should desist from personal abuse and, inter alia, calling people liars (learn to spell it too!) as it really is awfully tiresome and infantile .... it would also do you no harm to learn the story of Judas .... if memory serves me correctly, he felt so guilty by his betrayal for 30 pieces of silver (he didn't steal it) that he hanged himself shortly afterwards - so not a lot of profit from it either

DES

From the Telegraph
Revealed: how Desire's advisers have cashed in
Aim-listed Desire Petroleum has yet to find a single barrel of oil in the Falkland Islands, despite seven cash calls and 12 years of exploration.

As its shareholders the vast majority small investors anxiously await news, the explorers share price has still been bobbing up and down like a nodding donkey this week. Will it be third-time lucky for Desire or will the latest drilling effort prove fruitless just like the last two? The rumour mill is working overtime with the share price doubling earlier this week on rumours the minnow has hit oil.

But while investors fret, the companys directors, advisers and consultants already appear to have profited from Falklands fever even if the presence of oil has yet to be confirmed. An analysis of company filings by The Daily Telegraph shows:

A consultancy connected to Stephen Phipps, the chairman, and his sister, Anna Neve, the company secretary, has been paid 3m for management services and rent over the years. These payments of approximately 300,000 per year continued during the years when the company was merely waiting for a rig to become free to begin drilling.

Advisers to the company have earned almost 4m from 109m worth of rights issues and placings the bulk going to its broker Seymour Pierce.

Three companies connected to directors have also been employed as consultants, receiving thousands of pounds in extra fees beyond the 28,000 remuneration to each non-executive.

Directors have benefited from an avalanche of share options granted over the years. Two days after the first rig was hired for the Falklands, Mr Phipps sold shares worth 2m at 115.3p per share. On the same day he bought three times as many shares for 2m under options at 32.46p per share a 71pc discount to the traded price.

The dilutive effect of cash calls means that a 10pc stake in the company before the placings and open offers would now account for just 4pc of the company.

Desire is not the only Aim-listed oil and gas company to make a fortune for those connected to the company even before striking oil.

Investors in Aim-listed natural resources stocks are often hit by the dilutive effects of share placings.

For example, Falklands rival Rockhopper raised 320m through six placings and Falklands Oil & Gas 80m through five.

Like many of its peers, Desire has never made a profit or produced any revenue, typically losing 2m per year except in 2005 when it was sitting on the proceeds of a recent share placing.

Investors are not the only ones to be exposed. Desires directors have also ploughed substantial amounts of their own money back into the company, as they built up large chunks of the equity.

And theyre certainly convinced that oil is down there, whether or not in commercial quantities, with Mr Phipps remaining upbeat and encouraged even after the failure of its first well.

But passion for Falklands exploration over a decade is no guarantee of commercial success.

It is now Desires second decade of trying to find black gold in an unexplored area in the middle of the Atlantic.

Investors have been on a roller coaster typical of an Aim-listed oil and gas stock, as the companys market value has grown from 60m to 310m on the geological promise of the area.

Despite the hopes of its faithful investors, its still the case that Desire has just a one-in-10 chance of coming up with a concrete find. Lets hope theyre right.

link .... telegraph

you are still Judas on my books, and on that is many reasons why

no response required, unless you feel guilty of wrong doing.

your words.... "I short DES yesterday " it was yesterday when you said that not today.

If you are so interested on informing the Thread about it then do it when it happens not next day when the share price has moves much, and you have the hinsight

you are a very offensive man without any redeeming features that i can see, so for the first time ever on this site i shall apply the squelch button

Glad to see Judas out on my converse

You lost the point and can not take it, some people say ... Good riddance

Meaning
An expression of pleasure on being rid of some annoyance - usually an individual.

Have Squelched Master RSI. Shame as in the past he has posted some good stuff. Can't understand what has gotten into him and several others who reply in a similar vein. They have ruined this thread.

greekman: I have to agree with you and we are losing our patience, we are now removing posters .

Totally agree Greek,No need for been insulting and abusive towards other people we are all grown upsif you dont like the persons views master put them on ignore instead of spoiling a good thread with your insults.

BS - as you will see above, i have used the squelch button for the first time ever and have also lodged a formal complaint ..... i am far from thin-skinned as is patently obvious, but that man is consistently and persistently offensive (to several), and worse still, takes up an inordinate amount of space while so doing

This thread has been spoilt with this person's inane post and his excessive use of bandwidth.

I too have complained about this person to support@moneyam.com This is the third time and each time all that has happened is a post from the Moderators saying 'stick to the thread'. Perhaps now they will ban him from the site.

As Greek says it is a shame because he has occasionally had something worth saying but he has now completely lost the plot and his behaviour is unacceptable if this website wants to maintain the standard that brought us here

BS - i think "ipse dixit" is the correct term here

Worth sticking a limit buy on the system just in case DES hits a duster? I suspect the RKH drop & recovery is likely to be very quick.

harry - what makes you believe DES has other than a duster?

Harrycat

Any idea how far RKH would drop ?

I have a limit buy on DES @ 26p ;)
Glad to see the t*ssers removed. Never fails to amaze me how people get so emotionally attached to money and lose the ability to reason! Although perhaps there wasn't much intelligence there in the first place in this case.....

a fond farewell indeed, but not in the usual sense!

As previously posted, probability of DES strike is 6-8%. Not great, imo, so on that basis I consider RKH will temporarily go down with the probable news. Thus, a limited window to buy RKH at an attractive price, certainly sub 300p, imo. Limit buy at ......250??? I don't really know, but if it doesn't trigger, no harm done. If it does I feel that the sp will recover very quickly. All theoretical and I am sure somebody will blow holes in it pdq! ;o)

i think it's reasonable logic .... the uncertainty is the amount of "damage" that will be done to the general perception of FI oil viability