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.

Proposed Placing of up to 25,814,000 new Ordinary Shares
Details of the Placing

Rockhopper Exploration plc announces today its intention to place up to 25,814,000 new Ordinary Shares, (the "Placing Shares"), representing up to approximately 10 per cent. of Rockhopper's existing issued ordinary share capital (the "Placing"), with institutional shareholders. The Placing is being conducted, subject to the satisfaction of certain conditions, through an accelerated book-building process to be carried out by Canaccord Genuity Limited ("Canaccord Genuity"), and Merrill Lynch International ("BofA Merrill Lynch") acting as joint bookrunners (the "Joint Bookrunners"). The identity of Placees and the basis of the allocations are at the discretion of the Company and the Joint Bookrunners. The number of Placing Shares and the price at which the Placing Shares are to be placed (the "Placing Price") will be agreed by the Company with the Joint Bookrunners at the close of the book-building process. Details of the number of Placing Shares and the Placing Price will be announced as soon as practicable after the close of the book-building process.

The Company will apply for admission of the Placing Shares to be traded on the AIM market of the London Stock Exchange ("Admission"). It is expected that Admission will take place and that trading will commence on or around 17 October 2011.

http://sharecrazy.com/beta/Tips/5983/oil-special

The group also indicated that it had received initial interest from industry partners in a $2 billion joint venture project to develop oil it has already discovered off the islands.

On the way up now

PLACING done @ 180p ...........

Rockhopper completes placing

Oil explorer Rockhopper Exploration has successfully raised 46.5 million before expenses to fund drilling activity in the area around the Falkland Islands.

A total of 25,814,000 new Ordinary Shares of the company have been placed by Canaccord Genuity and Merrill Lynch International, acting as joint bookrunners in relation to the placing, at a price of 180p each.

Chief executive officer Sam Moody said: 'We are pleased to have successfully concluded this fundraise in very challenging market conditions, and are encouraged by the strong support of our shareholders for the continued development of Sea Lion and our longer term operational strategy.'

At 1:22pm: (LON:RKH) share price was +3.5p at 194.75p

Don't know about anyone else, but I have never seen a placing go through so quickly.
shows how much demand there was.
No doubt we will find out within a few weeks just how over subscribed they were, although as an institutional placing, I don't think that such figures have to be announced as its not like a auction (as far as I know).

http://www.rockhopperexploration.co.uk/pdf/october-update.pdf

http://www.proactiveinvestors.co.uk/companies/news/34319/rockhopper-exploration-cash-call-eliminates-uncertainty-says-rbs-34319.html

Additional Drilling Slot
Rockhopper Exploration plc announces that it has entered into a further assignment agreement to secure an additional well slot using the Ocean Guardian drilling rig.

Rockhopper intends to utilise the additional well slot to drill a well on the north-western acreage of licence PL004, which the Company believes contains the extension to the Sea Lion field and has farmed-in with operatorship, subject to all regulatory consents, to earn an aggregate 60% interest. The well will be located in "Area 1" of the proposed farm in area, which will become known as licence PL004b once all regulatory consents are obtained.



Prior to drilling the well in "Area 1", Rockhopper will shortly drill well 14/10-9, the eighth well on the Sea Lion feature in licence PL032 (100% Rockhopper) and a further announcement will be made on spudding of this well.

And Argoos is down...'arry this is your fault...in the words of Laurel and Hardy...now look what you've made me do....topped up too soon....

ARG is down 0.12 of a penny!!!! Not critical meltdown...........yet! Keep the faith rf. It'll come good in the end!

Only pulling your leg.....I reckon that next year which is not too far away will see the ARG sp jump on well news....nice to see RKH climbing now....

Trouble is that RKH sp is not going up in isolation. The whole market is up, which means that when this rally runs out of steam...........

Cove Energy are on a steady climb as well.....long may this last I say....

As a result of the loss of power onboard, all non-essential personnel were down-manned, as a precautionary measure, by helicopter to Stanley. Power has now been re-established and appropriate checks are currently being undertaken prior to the expected re-manning of the rig and resumption of normal operations within approximately one week. Rockhopper remains in close communication with the Falkland Islands Government. The incident has had no environmental impact and resulted in no injuries to personnel onboard.

Thats not Cynic sitting on the right hand side of the OG is it?...lol

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don't be such a cheeky bugger .... you know my sylph-like figure from the cycling pix!

Just thinking christmas not long Cynic i will have to knit you some new leg warmers.

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