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.

as per me.... missed the boat when DES went to 77p maybe another chance later on, quite a while before any drilling. hope!!

It's still not too late, Balerboy if you get in today. RKH now 69p.

but ask yourself why RKH should go up ..... imo, it's only on the back of the hype surrounding DES who, though they will commence drilling within the next 4/6 weeks, still have to prove there's commercial recoverable oil

Once they gets commercial recoverable oil, don't dream of buying RKH at 70p or DES at 100p.

that's rubbish ..... there'll be plenty of time to make lots and lots of money ...... using your argument, there would be (would have been) no money to be made on the likes GKP or TLW once they had made their strikes, and that has patently not been the case.

the other counter, is that if DES find bugger all, which is still a very strong possibility, then you'll be able to buy at about 60p!

Well, it's your call. I can only say my opinion. We will see who's right in time.

Got to agree with you cynic, will watch patiently.......lol

for what it's worth, my tactic will (i suspect) be to take partial profit in DES (it's the only one i hold of these) just before rns re drill result is due

It may well be that my appetite for risk is too low for these stocks but I would still rather wait and see if the rig makes it to the Falklands without incident before buying in. There will still be plenty of value to be had when drilling commences as the price is depressed at the moment to account for the risk in shipping the rig down there.

the risk in moving the rig to the falklands is minimal ..... the risk of not finding commercial oil when the bore is completed is at least 100-times higher

Another rise is coming on in RKH. 73p now.

Keep on buying...80p now
RKH will go to more than 100p.

RKH will follow DES, the area leader, until such a time as they have their own drilling programme actually under way ..... personally, i see no point at all in buying here at this time - ditto FOGL

I jumped into FOGL today but not because I like it but because it's rocketing....no stopping it at the moment,...if you don't buy the falkand oil shares now it might be too late later on...now holding DES, RKH and FOGL.

what goes up got to come down, hope you can make a bit on it in time..

rf, both of us are in the same boat.

Good article about RKH mentioned in the Sunday Express yesterday.

Read it but couldnt find it to paste up here,another blue day!!!!

An article covering:
Desire Petroleum (LSE: DES)
Rockhopper (LSE: RKH)
Borders & Southern (LSE: BOR)
Falklands Oil & Gas (LSE: FOGL)

Down in the Falklands, there are unusual rumblings of activity going on. And these rumbles are about to become a roar. The usually tranquil archipelago 13,000km away is about to be engulfed by the machinery and manpower of big oil exploration.

http://www.moneyweek.com/investment-advice/share-tips-four-oil-stocks-for-the-brave-00301.aspx

Early next month the towering frame of the Ocean Guardian drilling rig is due to arrive. An anchor-handling tug and a platform supply vessel are on their way. Due to dock in Port Stanley in the next few days are two cargo ships carrying 14,000 tonnes of equipment....

Desire Petroleum (LSE: DES): Desire holds licences in the shallow waters of the North Falklands Basin. It has contracted the Ocean Guardian drilling rig. It expects to drill four wells, starting in February. Evaluation of its top ten prospects has indicated prospective recoverable resources of over three billion barrels (boe).

Rockhopper (LSE: RKH): Rockhopper is the largest licence holder in the North Falkland Basin. It has indicated a possible 4.3bn boe in its licence area. The Ocean Guardian will drill two wells on its wholly-owned blocks.

Borders & Southern (LSE: BOR): Borders & Southern holds a 100% interest in five production licences in the South Falkland Basin. It has been cagey about how much oil could be here, referring only to "multiple targets". The biggest of these could contain over 1bn boe. It has also alluded to the contiguous Malvinas and Magallanes Basins to the west where discoveries of six billion boe have been reported.

In November Borders & Southern raised 113m, enough to finance the drilling of three wells. It may yet bring in a partner and it has also hinted at "sharing with other operators in the region". This is likely to mean Falkland Oil & Gas. This is partly because Borders & Southern's licences are in the deep waters to the south, but also because Desire and Rockhopper have already secured their rig.

Falklands Oil & Gas (LSE: FOGL): Having brought in BHP Billiton as a partner, FOGL has an interest of only 49% in its licence areas. But these areas cover an expanse the size of 223 North Sea blocks more extensive than all the other licences put together. The joint venture plans to use the Ocean Guardian to drill one well at one of the shallower points of its acreage. But the licence areas are predominantly deep water. To drill here it needs to hire a dynamically positioned drillship or semi-submersible, which it hopes to do later this year.