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Rockhopper Exploration (RKH)     

markymar - 15 Aug 2005 15:14

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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.




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cynic - 19 Oct 2011 12:06 - 5394 of 6294

and silenium probably and no doubt make you fart too!

mnamreh - 19 Oct 2011 12:13 - 5395 of 6294

.

cynic - 19 Oct 2011 12:18 - 5396 of 6294

my genetic make-up suggests that i'll live far too long anyway!

skinny - 19 Oct 2011 12:20 - 5397 of 6294

Harry - I understand the nuances of Vitamin E v other vitamins - there are some studies that indicate an excess can increase the chances of prostate cancer. My younger daughter is pregnant and as she is lactose intolerant, I researched other sources of calcium etc - good old fashioned greens are pretty good.

skinny - 19 Oct 2011 12:22 - 5398 of 6294

mnamreh - I've tried the pumpkin seed - but it keeps falling out! :-)

mnamreh - 19 Oct 2011 12:26 - 5399 of 6294

.

markymar - 19 Oct 2011 12:27 - 5400 of 6294

Forget about loose women on TV we have the real thing here!!!!!

markymar - 19 Oct 2011 12:36 - 5401 of 6294

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/7004/broker-roundup-pt-1-including-xstrata-centrica-rockhopper-exploration-united-business-media-william-hill-whitbread-and-bowleven--7004.html

Broker Westhouse says that Rockhopper Exploration's (LON:RKH) news that the Ocean Guardian drilling rig suffered a loss of power on Sunday was a "minor incident" which does not affect its view of the company.

It reiterates its 'buy' recommendation for the stock and targets a price of 658 pence.

The firm said today that power has now been re-established and appropriate checks are currently being made before the rig is re-manned. After that, normal operations are expected to resume within a week

Shortie - 19 Oct 2011 13:01 - 5402 of 6294

I'm at a loss on this one, bought a December future a couple of weeks back at 219.45. I'll more than likely roll over the future but moving forward I can see dilution as Rockhopper will require mass financing.

markymar - 20 Oct 2011 08:49 - 5404 of 6294

aldwickk i way i read it is Visick holdings percentage has dropped due to increase in number of shares in issue which leaves him under 4% now.

markymar - 20 Oct 2011 09:03 - 5405 of 6294

http://oilbarrel.com/news/rockhopper-exploration-and-desire-petroleum-agree-farm-in-terms-to-test-sea-lion-extension

October 20, 2011

Rockhopper Exploration And Desire Petroleum Agree Farm-In Terms To Test Sea Lion Extension

Rockhopper Exploration, the AIM-quoted owner of the Sea Lion oilfield, the sole discovery of two much-hyped multi-million pound exploration campaigns in the waters off the Falkland Islands, may be about to spread its winning touch to another AIM explorer. The company believes the Sea Lion complex may extend into a neighbouring licence operated by Desire Petroleum, which has suffered following a run of dry holes on its own licences in the North Falkland Basin.

Now, however, Desire may get to participate in some of the success enjoyed by Rockhopper as the two companies join forces to drill a well in the north-western portion licence PL004 known to Desire shareholders as Tranche D. Rockhopper believes this portion of PL004, which is about 23 per cent of the licence, could hold up to 10 to 15 per cent of additional prospective resources in addition to its current high case for Sea Lion of 1.4 billion barrels. This is a possibly material volume and explains why the company is keen to secure control of the acreage by farming-in to two portions of the licence, known as Area 1 and Area 2. Desire will retain 92.5 per cent of the remainder of Tranche D.

Area 1 is the main interest and will now be operated by Rockhopper with a 60 per cent interest, with Desire holding 40 per cent. Rockhopper, which recently raised 46.5 million through a placing priced at 180 pence a share, something of an achievement given the challenging market conditions, has secured an additional drilling slot on the Ocean Guardian rig to drill the commitment well on a 100 per cent basis in Area 1. This mini-licence is also home to the recently delineated Shona West prospect, the Casper West prospect and part of the Beverley prospect.

Rockhopper will also earn a 25 per cent interest in Area 2, with Desire retaining 75 per cent equity and operatorship. This area is home to the Jayne, Shona East, Casper East and Catriona prospects and the remainder of the Beverley prospect. Drilling here would be contingent on Desire, which has seen its share price collapse due to poor drilling results, raising the necessary funds to support its 75 per cent share of the well costs.

Rockhopper itself hasnt had it all easy of late, with its most recent well on Sea Lion yielding water but no oil. The 14/10-8 duster was drilled to test an area of relatively low amplitudes within the Sea Lion complex as well as testing the Casper and Kermit prospects. Encouragingly it did find a thick reservoir section, albeit water wet, in the low amplitude area, which could be positive for other low amplitude areas within the field and extend the areal extent of the field. Even so, a dry hole is a blow as the company seeks to fully appraise the field and determine the best ways to develop, and critically, finance, this project in these remote waters.

Sequestor - 20 Oct 2011 12:45 - 5406 of 6294

If and when the real downturn crap hits the fan you can forget about oil explorers for at least a decade.

TANKER - 20 Oct 2011 15:49 - 5407 of 6294

have sold a few to buy CEY

aldwickk - 20 Oct 2011 17:03 - 5408 of 6294

Not buying any PET , they look a good punt @ around 8p

HARRYCAT - 20 Oct 2011 20:00 - 5409 of 6294

What??????? Not buying......they look good???????

aldwickk - 20 Oct 2011 22:42 - 5410 of 6294

Harry

I was asking Tanker if he was buying PET

required field - 21 Oct 2011 08:26 - 5411 of 6294

Frankly, there are a hell of a lot of undervalued oilie mid-caps and minnows out there !......MXP,FPM,PVR,PTR,AEX,BLVN...and of course RKH !....and many more : AFR..etc...

skinny - 21 Oct 2011 08:30 - 5412 of 6294

BP :-)

required field - 21 Oct 2011 08:33 - 5413 of 6294

Yes....perhaps BP....huge company...massive employer.....just got it wrong in the gulf.....but even with paying out compensation of 20 billion pounds or so....looks undervalued.....the size of that company is mind blowing !.....
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