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.

We have 150 retrievable million barrels and drilling is still on going ; the field could contain perhaps double that amount !.

Good time to be topping up then, over the coming months - could be +300p next year.

Frankly, I just can't grasp the fact that this isn't 350p plus.....just baffled by the market's lack of interest it seems....

Every investor is saying the same at the moment. Just feel there has been a slight
turn this week.

I am no expert in the Markets or the oil industry but my thoughts are that until a firm declaration of Booked resources - commerciality - through CPR and further appraisal , the institutions while keeping a close eye on RKH since it might well be the new North Sea - are looking to more discoveries through ARGOs DES awa RKH. They and RKH are taking the long term view which the latest RNS makes clear.

RKH are not going to make claims as XEL did without finance, oil, production et al are in place.

I am sure RKH BOD are well ahead of the game but will be patient .

Further, as Pro says on ADVFN board, there are some aces in the pack, farming and drilling with DES and or ARG to name but two. the other is the new 3D.

They will need to work things out very carefully and judge which is the best next move.

With firm reserves and a production plan the II will wait, they want long term income more than rapid growth - as we investors want.

To us it is a 3.50 share - yes it was 5.00 but then DES struck water it was great blow to the long term wider development of the NFB



And then the next well will test the west side of the "Spoon" will less meters of oil. So the market might be disappointed - AGAIN!

Other factors will make it yo - yo 3D presentation. DES, ARGos etc.

A "Turn this week" - might or might not be true - but RKH is a traded share and more like yo- yo .

Well yes...jades101...I have to say that the next well doesn't exactly seem to be that interesting unless commercial amounts of oil are discovered of course; more likely it will just define the edge of the field, but you never know : the market might just price Rockhopper up a bit as progress is being made and production can only be 2 or 3 years away now which is not that far ahead.

Sorry I'm a dumbo, but the Evening Standard
had this on Friday.

Standard .co.uk
Business.
Search Rockhopper.
Has entered into preliminary talks with
with various parties for further funding
for what it considers is going to be needed
in the future.

Could be holding the share price down?

market concerned about development costs and further sp dilution.

Falklands oil explorer Rockhopper Exploration has brought out its profit and loss figures but Matrix says the numbers are largely irrelevant, with the cash balance the most vital thing on which to focus.

"We think our estimate for cash at end June of $230m looks about right (there was $271m as of 31 May). By our estimate, even at full tilt, that should last until sometime in Q1 [first quarter] 2012, more than enough to complete the currently anticipated remaining four-well programme (there are three commitment wells, and we expect the company to exercise one further option)," Matrix analyst Charlie Sharp said.

Matrix rates the shares a "buy" and has a price target of 400p, well above the current level of around 265p.

"We expect the next appraisal on Sea Lion, well 14/10-6, to spud in the next week or so. That will be a critical well to pin down the likely scale of the potential development, as it sits in the so far uncharted 'mid-case' area. We would expect the well to take 30-35 days to drill," the broker said.

Merchant Securities also downplayed Rockhopper's results but added that "owners of the company can use the preliminary results to take stock of behind the scenes activities that, while not as exciting as well results, set the stage for a development project in comparison to the current exploration and appraisal stage of the Sea Lion project."

In particular, the company is advancing screening concepts for the offshore development of its Sea Lion project, the broker noted.

"Additionally a full time development manager was brought into the company. Also, Rockhopper has already initiated discussions with banks to assess the financing of the offshore development project," Merchant Securities analyst Brendan Long said.

"As no final go-ahead decision has been made on the project, owners can take comfort that preliminary preparations are underway to move it into a development project," Long said.
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http://www.dailymail.co.uk/news/article-2010622/The-squidionaires-Baa-rain--seafood-oil-tourism-penguins-Falklands-rich.html

Does this poster from the daily mail have a valid point ?


Perhaps the islands can now pay for themselves. Britain subsidises the islands to the tune of hundreds of millions of pounds a year AND threw the lives of hundreds of young men away to defend it. Now everyone is entitled for their view about that war but it makes me FURIOUS to see these people lording it over us now. Why is it fair that they only pay 21% tax? Why are they so much wealthier than people in Britain? What contribution are they making to the defence of the Falklands or the UK? Why aren't we billing them?

think i'ld rather pay the 50% tax than live in Penguinland! ..... wouldn't even fancy living in Gnomeland, and that's even lower tax and more civilised even if totally sterile

cynic

Were would you live ?

Where is Gnomeland-Guildford?

if you were older [ over 60 ] you would remember The Gnomes of Zurich.

Cynic

Was it Harold Wilson who called them that ?

Switzerland (Gnomes of Zurich) ..... if i lived abroad, i suppose France, but fom a tax point of view, it is probably no better than UK ..... if tax-free, then I suppose Channel Islands as one can escape elsewhere very easily

How about the Isle of Man?

not for me

Aldwick - yep - Harold it was.

From a cost of living point of view the channel islands and the isle of Man are to expensive. It must be cheaper to buy a house in most part's of the uk then those two islands.