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 can't quite believe the level it's got to......a discovery is a discovery and tested....but the market doesn't seem to be taking that in....

LOL - time to buy me thinks
US open now dudes and nice low sp!!
yeeeeeeeehaaaaaaaaaaaaaaa

I'm way overweight on this stock now......crumbs !......if this does not hit oil of some kind...ouch !....incredibly this latest well is only just over a mile from the main discovery and the markets drops the sp like a stone......

Who on earth is selling this ?......they must be at a bad loss.....ridiculous.....

The sellers could be all those who bought under 100p and are seeing their gains being whittled away but still have good profts to bank. Remember of course that it is never wrong to take a profit. The only trouble with closing out positions right now is that there could be a massive spike when the results are known. The big question is what will the falls be like is the results of this well are poor. I don't want to think about that scenario!
TT

I am also overweight with this stock at present,i have done my sums and it should be sitting around the 3.50 mark with a 170 mill barrels of oil found.

I see John Dodd's Artemis Global Energy fund had a little write up on city wire yesterday saying that"Long term Dodd favourites Salamander Energy and Falklands based Rockhopper Exploration also make it into the portfolio, as does Shrewdie pick Tullow Oil and North Sea oil firm Premier Oil."

Guess time is the answer....



XEL is another been hit hard with CPR due any time.

Not pleasant looking at my portfolio at present time

Not pleasant - it's a nightmare - 10s of 1000's shredded away in a matter of week when though RKH and XEL would be rocketing by now!

marky - at least i hold both tlw and pmo (and afr) as well as rkh (and xel)

Fingers crossed that they both bounce soon, its like a blood bath at moment,been sitting wondering if i should sell CAZA and buy RKH as i can see more upside in RKH in the next 30 days if all goes well.

We have a 80-95% of appraisal wells successfull but it could still go tits up.

well i bought more today - i see this as the bottom or near as - how much further can it drop - i can hardly believe the current sp and my good fortune to get more so low - bounce must be imminent surely by the end of this week - mach will soon pass as each day we get nearer to the results

typo last message - sorry - meant march will soon pass not mach

Although the Sea Lion discovery was originally considered the first of what was expected to be many, I suspect the DES drills and recently RKHs, are beginning to cast doubt on the NFB. In the unlikley event Sea Lion remains the only discovery I imagine its location may make it non-commercial due to the sheer logisitcs (and political sensitivities) in extracting / transporting the oil.

Quite frankly I'd be amazed if Sea Lion remains in isolation, but who knows?

pth - yes had thought that myself about sea lion - but the likelyhood of that being the only strike / discovery in that area must be extremely remote - if it is however unlikely then yep i believe as a single strike it would not be viable to proceed - but i doubt that will happen but hey ho...

Look at the North sea,it took many years till they hit oil,Its still very early days in the FI and RKH have a golden ticket.

The UK Continental Shelf Act came into force in May 1964. Seismic exploration and the first well followed later that year. It and a second well on the Mid North Sea High were dry, as the Rotliegendes was absent, but BP's Sea Gem rig struck gas in the West Sole field in September 1965.[4] The celebrations were short-lived because the Sea Gem sank with the loss of 13 lives after part of the rig collapsed as it was moved away from the discovery well.[4] Larger gas finds followed in 1966 - Leman Bank, Indefatigable and Hewett, but by 1968 companies had lost interest in further exploration of the British sector, a result of a ban on gas exports and low prices offered by the only buyer, British Gas.[4] West Sole came onstream in May 1967.[4] Licensing regulations for Dutch waters were not finalised until 1967.

The situation was transformed in December 1969, when Phillips Petroleum discovered oil in Chalk of Danian age at Ekofisk, in Norwegian waters in the central North Sea.[4] The same month, Amoco discovered the Montrose field about 217 km (135 miles) east of Aberdeen.[4] BP had been awarded several licences in the area in the second licensing round late in 1965, but had been reluctant to work on them.[4] The discovery of Ekofisk prompted them to drill what turned out to be a dry hole in May 1970, followed by the discovery of the giant Forties oilfield in October 1970.[4] The following year, Shell Expro discovered the giant Brent oilfield in the northern North Sea east of Shetland. Oil production started from the Argyll field (now Ardmore) in June 1975[5] followed by Forties in November of that year

Blimmy is that blue i see!!!!

Even XEL

.

Oil is going ballistic at the moment.......really incredible.....$100 a barrel almost upon us for WTI,.....$112 for Brent....staggering.....

and yet RKH and XEL are in the toilet!

More all at sea I would say.

Alphaville


NH The 14/10-4 appraisal well currently drilling on the Sea Lion structure has a make-or-break feel about it for RKH, and indeed for the Falklands sub-sector as a whole. Following the recent failure of the previous well (14/10-3), which was a relatively high-risk stepout located 8 kilometres from the discovery well, the shares have taken a pounding, down 40% in a month. However success with the current well, which could reach TD within the next couple of weeks, could easily see the P50 case of 170m barrels of recoverable oil being confirmed, with the potential for an upper case of 242m barrels. The former case would confirm our current NAV of 593p/share, whilst the latter would increase this to around 840p/share. On a risk/return basis, I'd still be buying RKH - the sell-off looks overdone.
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