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.

Sadly not Marky but I do go back occasionally!

In the Daily Express yesterday. It would make sense for BP to do it, and inbetween DES finishing their drill and RKH starting.

If DES hit then BP could make a generous offer for RKH, but one still well below what would be paid should RKH drill and hit. By hitting a median price and before drilling they could tempt many to cash in and avoid the risk.

So yes, it makes sense.



DAILY EXPRESS

BP rumoured to be considering an offer for Rockhopper Exploration

So why did RKH still dropping?

Risk aversion and shorting.

The COS on each well is low, so the odds favour a failure, so there is tremendous shorting going on on all Falklands stocks.

However, for those holding, should Desire strike oil the rush to close shorts will create one massive price spike as shorters trying to close and also new investors buying all chase the stock price way upwards.

The overselling will create a low price for now, but shorts have to close at some time, and in the event that DES stike oil, you watch the rocket explode.

at the moment RKH appears the best bet as if DES comes up with a duster or inconclusive result attention will shift to the next well to be drilled which is RKH's.

i hold both but not convinced you're right - see also DES thread

cynic we are not suggesting we are right but only saying you have a second chance with RKH if DES doesn't deliver.

Proselenes,

Very sensible post. Very good point re the spike.

In the event of a gas strike : it could be that Desire, Rockhopper and FOGL and Borders and Southern will have to club together for transporting purposes....to and where : that remains to be decided and the same for crude but to a lesser degree....not being an expert ...I'm only guessing....but in the northern basin, it seems the targets are not that far apart...might be possible to develop several together as one...therefore it would be commercial.....

I have done a rough schedule. Provided things went roughly to plan they have found something to test and have spent time running 7" liner and doing DST. Certainly means hydrocarbons have been found IMO. News should be this week of how testing went.





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The lack of a P&A RNS on the 15th March is also why suddenly the price spiked up, as those with extensive shorts had to reduce their risk level and close some of them. Certainly at this stage there is hydro's and so the COS is much higher, therefore greatly increasing the risk on those with short positions, and reducing risk for those with long positions.

The over hang in RKH must be nearly all gone and very tempered to top up on some more as the price is so cheap!

If i do it will have a 1 on the end of it and will be on the plus market.

last of the big spenders......11 rockhopper shares....lol

i topped 20001 at just before 1pm today, its far to cheap....time will tell.

i hope for your sake that you are right, for still the selling pressure continues, both here and on DES

lack of news is worrying..

Lack of news is good news as it means further testing is taking place, hence its a buy.

doesn't usually pan out that way...but may the force be with you..

Dont know about the force.....just need some luck!!!!

I still stick with the official timeline of events from DES pre-drill. Taking into account a bit of bad weather and a few hiccups, and all being well some slow drilling due to encountering some zones of interest, a few days delay to the schedule should be about right, so from today up until I suggest next Wednesday (for 7 days delay) there could be news out any time. So now the excitement starts.

Certainly not a duster IMO, something of interest is there IMV.



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