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.

.

On a more serious note, if anyone had stated that they thought the sp would finish the day 10p down after todays well result, he would have been declared, 'stark raving bonkers'.
I hope Casper, Johnson and Kermit are not as big as Sea Lion, as if they are our shares will probably be worth zilch.
I have never see any share defy logic as much as this one.

herm just put a cold wet towel round your head and you will feel better.

greek the bail out by BHP/BLT casts doubt on whether RKH and others can attract big names to develop and finance oil finds in this part of the world even ignoring the political risk.

Remember that Shell had these licenses years ago and bailed out.
Says a lot doesn't it.

greek what it may say is shell considered the risk reward ratio was not acceptable.

Shell made a huge mistake waliking away if they are drilled deeper they would of hit oil,also it was $12 a barrel back then, the economices have changed since then its now $85 a barrel.

What i would like to see is RKH getting a partner who takes a % of Sea Lion and pay the costs or part of the costs of bringing the field in to production leaving RKH to explore all there other prospects.

marky so in fact shell made the right decision and saved a lot of money, whether they are interested in coming back still remains doubtful.

The Americans have now started to develop
shale oil and gas with new technology.There seems
to be a very high potential in it.

Halifax,

A bit puzzled here.
In the past I have found most of your posts, well argued and balanced, but just lately you appear to just post opposite to everything people are saying.

No doubt you are out of RKH due to your too risky comments, and fair enough, but as I still believe they are a very good investment (admitting there is some risk as always in this type of share), I am still in.

As we are going round in circles re RKH, I will leave it there.

Regards Greek.

ah well; good friend hali doesn't likeTLW either :-)

Looks like they are going into production and will need to raise over a billion pounds.
Should not be difficult.
I wonder if they will issue more shares to the big investors they will need (probably) or take a partner via a farm in.
No doubt we will soon know the answer.

RKH on the front page of the BBC news website today

For those interested - Rockhopper optimism on Falklands oil development

Raising a $ billion certainly won`t be easy

Edit.... Wrong thread

Greek - short and to the point as usual :-)

Well its made it to all the papers today.

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/6533/


Merchant Securities analyst Brendan Long today urged investors to look to the positives when considering Rockhopper Exploration (LON:RKH). We believe that it is very easy to be critical of early stage development plans which are by their nature preliminary and subject to change, the analyst said.

We prefer that management focuses attention on the appraisal drilling rather than fine tuning (costing etc.) hypothetical development plans. They have years to iron out the details. It is very possible that another company takes over operatorship for the development stage.

Therefore we do not understand the criticisms we believe have had a negative share price effect. At this stage the subsurface information is most important, and the news is good.

With that amount of oil in the ground, someone will one day certainly find a way of bringing it to the surface, and it may very well be with the involvement of another company. I reckon I'm still young enough for that to happen in my lifeltime, so I'm staying put.