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.

Last time RKH was 300p was 9/2/11. Interesting then that Pro was 'all in' on 21 Feb but managed to sell at 300p.

Says it all.

I sold at 500p , but only a small % of my holding

I wish Prosels would stop the ramping.....yuck.....£14 for GKP....remember when he or she was deramping it.......

I see Rockhopper are presenting tomorrow at the Macquarie Oil & Gas Explorers Conference and again on Tuesday at the Morgan Stanley E&P Conference. They should have some updated figures to show i would think.

http://www.macquarie.com/dafiles/Internet/mgl/msg/iConference/documents/Europe/ExplorersAgenda.pdf

End of Drilling Campaign
Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the Ocean Guardian drilling unit has been towed successfully from the 14/15-4 well location and is now off hire to Rockhopper.

14/15-4 was the final well in Rockhopper's first North Falkland Basin drilling campaign, which has lasted from 16 April 2010 to 8 January 2012.

The Company estimates that it will have over USD $100 million of cash resources available once all charges for completing the drilling campaign have been accounted for.



Sam Moody, Chief Executive, commented,
"This marks the end of what has been a highly successful and safe drilling campaign. We have operated ten wells, conducted two Drill Stem Tests, two short offset sidetracks and collected in excess of 450m of core with the Ocean Guardian on hire to us for a total of 397 days. I would like to thank the entire Rockhopper team and our contractors for their efforts which have resulted in seven successful wells of our ten drilled, with three oil discoveries, three gas discoveries, multiple successful Sea Lion appraisal wells and a successful appraisal well on Casper."

Took my profit today as there won't be any news now for a while, expect sp to drop a bit now.,.

Hi Balerboy,

You may well be right, but with the road show starting today and my thoughts on post 5647, I feel it is too risky to be out of RKH, at least for more than a couple of days.
Still a bird or profit in the hand etc, can never be a bad thing.
It may just be your braver than I am.

regards Greek.

Reserves upgrade still to come....

The news to come may well keep the sp where it is but personally can't see why it should increase much more. My thoughts only gla.,.

Farming in rns perhaps ?...

not exactly the most exciting of rns! would expect some sp reverse now especially with the argies on a war footing - this time uk does not have any chance of assembling a real task force should something happen - argie planes are out dated but currently only 4 typhoons in theatre - can be reinforced but only for a short period - other s.a. countries aligning with the argies US dont want to know this time right now - and any ship with falklands as its destination will not be welcomed at most s.a. countries - time to sell and buy back later perhaps - definitely reduce risk imo

upgrades to come but infrastructure costs to get this stuff very high, threat of war, etc

farm outs is a maybe but not that near term right now

gla

gkp £14 - LOL LOL LOL - dont think so - lucky to get a fiver t/o!!! dont matter they have a shed load of oil - what matters is the location of the gkp oil and that aint good

if any t/o proceeds there i believe it would be sinopec who spent more in 2011 than all the other majors put together on t/os lol

gla

http://www.rockhopperexploration.co.uk/pdf/Jan-2012-update.pdf

Looks like the buying on 2 brokers tips of Friday is now all out of steam, and profit taking comes in.

if so, they're clearly not taking your advice and buying into FOGL!

FOGL will rise, now is the time to fill ya boots.

Just wait.......... :)

with sand and water

The broker says that Rockhopper can effectively pursue a farm-out agreement following the successful appraisal of the Sea Lion discovery.

Westhouse has a ‘buy’ recommendation on the stock with a 658p price target.

ok Cynic, you are a bear on this stock at 52p.

Is that correct ? You are predicting it will not rise at this year ? Is that what you are saying ? LOL

OK, I i will remind everyone one of your comments when Loligo is being drilled in a few months time.

:)

i am not a holder of fogl in any respect and have no wish to be
i only hold rkh in this region, and am currently showing a very nice profit

logic is as follows, and as posted a couple of weeks back ....

if fogl fluke a find - chances are usually something like 5:1, but in unknown territory, more realistic to say 8 or 10 or even 12:1 - then rkh will also benefit
there will also be plenty of opportunity to jump on board after the event.

if fogl get a duster or a non-commercial find - the most likely outcome - then fogl will be badly hit, but rkh will only a dip a bit

i don't play roulette, even when the odds are a bit better than at that that mug's game