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.

Help yourself on Amazon. :-)

rf
Like you I am also sitting on a small loss at present having topped up my original deal at 37p. I will be happy to see it North of 200 - as surely it will be before long.

One of the best performers today +10%, but surely enough it was well down yesterday

07 Oct Rockhopper... RKH Evolution Securities Buy 181.50 450.00 450.00 Retains

Rumour of logging at moment....if so been a quick drill lets hope its good news and adds more oil to what RKH hold.

marky lets hope they can raise the $2billion needed to develop Sealion.

Not really expecting much though, are we, as these wells are only testing outer limits?
"......the next two (8 & 9) will be drilled in locations that allow them to explore the potential of Casper and Kermit. These last appraisal wells will delineate the Sea Lion main fan to the satisfaction of the CP and allow them to produce a CPR which reflects the Boards view of Proven and Probable reserves, which is the main hurdle for entry into the main market."

This drill is also Expo as well as appraisal harry so hoping for quite a lot from this and the next Well.

sp sinking again are we expecting bad news?

Hi Halifax,

Looking at the previous pre drill results periods, this is the sp manipulation acting the same way as before, the sp is initially up for very little reason, followed by a steady downward slope.
No doubt there will be several similar days before the latest drill results are out.

The best time I had with these shares was last September, when I went abroad for 2 weeks, and did not keep in daily touch with the sp.
During that 14 day period, pre flow test results for Sealion, the sp was up/down like the proverbial yoyo, at one time loosing almost 40% of its value, just after shooting up by almost the same percentage.
I know many sold during that period, due to panic. I posted on here when I returned from my holiday, that I did not sell for the pure reason that I was ignorant of all the scare stories of 'Dry Well'.
Whilst I like to think, I would not have been one of those who panicked, I can't be sure as its very unnerving to see any shares you hold drop by such a big percentage.
Whilst I accept they are at present even lower than they were at the lowest of that period, I think most of us accept that the value should be far higher now, due to all the de-risking that has occurred since.
So, bad news to come, perhaps, but I very much doubt it.
The oil already found must be valued at at least double todays sp, with any further volume enhancement a further premium on the price.

I usually do follow my share prices daily, as it is a hobby, but that does not mean I allow daily movements, without good cause to effect my thoughts on holding, although I do appreciate it doesn't always mean I don't feel like screaming at the walls sometimes.

The present drill, is as Chav indicates, a very complex to call drill, due to the combination of results that it may hold.
Whatever its outcome, it may be very difficult to call the result on the sp.

Regards Greek.

It does not take away the low-case 300mmbbls even if this one comes up dry,Kermit and Casper were always going to be complexed.

I will wait for the RNS,RKH keeps a tight ship even if the news was good it would not suprise me to see the share price under 2

Holding long term as it will come good in time.

Manipulation??? DES & ARG are also down today. They can't all be manipulated at the same time!

But they can.

Sometimes whole sectors are caught following trends.

By manipulation, I don't mean in direct terms, more like the rumor mill starts to work, which is far easier with PI mainly based small cap companies. We have seen this many times before with Rockhopper.
There are far more times when the sp has gone contrary to the news, than with it, so it can only be due to manipulating the mind of the investor.

don't forget that there are many battered PIs about, and in the case of FI oilies, there is not much of interest to be announced in the immediate future - e.g. RKH is just exploring the outer extents of sealion and no new finds of substance are expected ..... it follows that the stock currently has few buyers and any selling will magnify a fall

dud (not dry) well confirmed which comes as no real surprise, nor the accompanying slump in sp .... whether or not that then becomes a good entry point to buy is very much a personal view

============

slump was momentary and doubtful if one could have acted on it ..... sp currently down about 5p but would guess a bit more weakness to follow

Hi Cynic,

Not that bothered now till we receive the CPR that is expected toward the end of this year or very early in the next.
As you say, the result as not a surprise, although it does show the fault that they were aware of is only a narrow one (if thats the right term).
Most will look at the term 'DRY' and no further, so yet again we will no doubt see close today of either a static sp or a small drop.

For myself it is now a hold. Not because I feel the sp reflects this, but purely because I feel I am in as deep as I feel comfy with.
RKH is now the largest holding in my portfolio.

for the moment i don't hold any at all, but shall continue to watch with a view to getting back in in due course

Pro , has gone very bearish .


Proselenes - 11 Oct 2011 07:05 - 615 of 615

And there is the bad news.

All water wet.

Sea Lion, Casper and Kermit, all water wet on this well, no oil.

i only skipped through the RNS, but i don't think P's analysis is quite right

Very brave man, greekman, to have an AIM stock as your biggest holding! Not sure I would be comfortable with that for very long!

Dry holes.yes

But it has given a better understanding of Sea Lion fanwhat does it mean?

Its just added more oil as sea lion extends more than they first thought hence management saying SLMC is 1,297MMbbl; this was previously estimated to be 1,086MMbbl. So we have 200 mmbbls moresweet... enough said!!!!