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.

http://www.bgs.ac.uk/falklands-oil/downloads/newsletters/news.pdf

lol i am drunk on my posts - i spoke rkh delivers
yeeeeeeeeeeeeeeeeeeeehaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
chinnnnnnnnnnnnnnnnnnnnnnnnnngggggggggggggggggggggaroooooooooooooooooooooooo
and on another company epic beware des

sp performing slightly more dully than i would have hope, but on the other hand, XEL having a spiffing day at long last

Cynic
Depends on your definition of 'dull' I suppose!

had hoped to see sp moving ahead even further - but then i'm impatient and greedy!

250p tomorrow and i'll be back in.,.

Should be more updates on the way,i bit like last time we had the rise then the fall then it shot up!!!

Thank god i got out of CAZA!!!!!

heading down to my level.,.

But for how long?

Would rather be in holding in case there is an update like last time,then it went whooooosh.

Good call so far

Can't believe this is heading south already - there really is little faith Faklands oil companies, pat=rticularly considering yesterday's very poitive rns imo....

limit buys set for 270..260... 250p. now I can rest easy.

this like the tax man
he gives with one hand (XEL) and takes away with the other (RKH)!!

looking at L2, there is no need to rush in to buy ..... current offer book is >2x the bid

i am oh holiday now but eoptions let me play sold all my rkh - back in later
gkp comig on

Once all the orders at 2.75 are cleared on the offer, we may see a lift back up

Seems to be plenty of buyers at this level as that 150K at 2.75 got bought pretty fast.

Looking like a smooth run up through the gears on L2 now:-)

Order book looking a lot stronger on level 2 at 10%

RKH Goldman: reiterated conviction buy, tp raised to 684 from 640

We regard the result as very positive news. The company has stated that contingent P90 volumes will go up significantly and that as a result, confidence in commerciality will also rise significantly. We concur with this assessment, estimating that 100 mn bls is sufficient to make the development comfortably commercial at US$100/bl assuming an FPSO development a threshold that we believe should be close to the revised P90 volumes following this result. To reflect this increased confidence in the commerciality of Sea Lion, we increase our assumed chances of success on the field from 60% to 70%; as a result, our 12-month target price rises to 684p (from 640p). We believe the stock is trading at almost a 30% discount to the risked value of Sea Lion (assuming a P50 volume of 205 mn bls) and cash net of appraisal costs alone, and believe there
is compelling additional potential from: (1) a potential extension of Sea Lion to the south from new seismic coverage; (2) a further de-risking of Sea Lion; and (3) additional exploration drilling in Rockhoppers substantial acreage around the Sea Lion discovery.

Valuation
Our SOTP-based 12-month price target is calculated using US$100/bl oil. We assume a 12% discount rate, higher than the 10% we normally use for OECD countries to reflect the higher political risk we assume in the Falklands.

Key risks
Failure in the future appraisal is the key risk, although we believe that todays result has removed some of this downside risk.

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