.

Latest FD update on RKH :

http://www.mediafire.com/?ydpwdo2yebo17m4

.

RKH for me is now in the "disinteresting" phase as they appraise more and then raise money in Q1 next year.




.

RKH isn't a mining company

OOPS

LOL

Mining, Oil - all the same principle.

Discovery boom, then the disinterest and the value coming out later when production nears and then starts.

XEL is a classic chart as above.......... RKH as well now its in the disinterest zone.......

Great - does 'disinterest' mean you will be no longer posting?

No, does not.

Simply means no interest in holding any RKH. Thats all.

Back below 210p levels - how unsurprising.

Up through 220p levels - unsurprising.

Volatile - too much short term hot money in it still.

O&G Price Monitor.

http://www.mediafire.com/?m2j17nh6m33gu8k

.

whoops wish i had in the past more time to post

i see rkh massive risk now

do you know the operating costs of setting up out there? MASSIVE

even if more gushers found which is on a wing and a prayer

gl you will need it - this is a players laugh imo

btw iis dumping gradually - gl

then naturally no demands from the argies - as uk so miltary strong NOT 2 falkland based typoons v argie air arm circa 300 fighters - gl too any in but fleeeeeeeeeeeeeeeeeeeee imo

Falklands

Click to play
John Nott faces resignation calls
In a highly unusual move, the Speaker recalled the Commons on a Saturday during parliamentary term time to debate the Argentinian invasion of the Falkland islands.

Defence Secretary John Nott was blamed for leaving the Falklands vulnerable to the Argentine invasion, and faced vociferous calls in the Commons for his resignation.

Parliament was again recalled 11 days later, during recess, as Royal Navy ships were "proceeding with all speed" towards the islands, according to then PM Margaret Thatcher.

bit late now:
Admirals urge rethink on Harrier and Ark Royal cuts
The admirals say the Harrier is more versatile and will be cheaper to maintain than the Tornado. Continue reading the main story
Related stories
Q&A: strategic defence and security review
Defence review at-a-glance
Profile: HMS Ark Royal
A group of former Royal Navy admirals has called for the decision to scrap the aircraft carrier Ark Royal and the fleet of Harrier jets to be reversed.

In a letter to the Times the group says defence cuts will leave the "newly valuable" Falkland Islands open to attack and calls the plan to axe the Harrier fleet "financially perverse".

But ministers insist the UK will still be able to defend the Falklands.

And the Falklands government said it was "satisfied" with its protection.

BBC defence correspondent Jonathan Beale said the strongly worded letter from a group which includes two former heads of the Royal Navy - Lord West and Sir Julian Oswald - confirmed the deep anger felt in the navy over the cuts announced in the government's Spending Review.

The letter is also signed by Vice-Admiral Sir Jeremy Blackham, Vice-Admiral John Mcanally and Maj Gen Julian Thompson.

'National humiliation'

The admirals warn the decision to scrap the Harrier force and aircraft carrier HMS Ark Royal, and to rely entirely upon Tornados, will leave the Falklands open to attack.

They write: "In respect of the newly valuable Falklands and their oilfields, because of these and other cuts, for the next 10 years at least, Argentina is practically invited to attempt to inflict on us a national humiliation on the scale of the loss of Singapore.

Lord West, who served as security minister under former prime minister Gordon Brown, told BBC Radio 4's Today programme: "If the islands were captured we have absolutely no way whatsoever of recovering them unless we have carrier air."

But Armed Forces Minister Nick Harvey insisted that the Falklands could still be protected - and if necessary, retaken - without an aircraft carrier.

Continue reading the main story

Start Quote
We took the decision on the basis of the balance of military advice coming from the current military leadership
End Quote
Nick Harvey

Armed Forces Minister
"The Falklands is a very different situation now from what it was in 1982. We're far more alert to the threat now, we've got a well-defended airfield, we've got a company of troops there, we've got submarines," he told the BBC.

"You can launch fighter jets from the land. We have basing rights, we have overflight rights. Carrier strike is just one way of launching a fighter jet, it's not the only way."

In a statement, the government of the Falkland Islands said it was "satisfied by, and grateful for, the level of defence on the islands which the British government has assured us is suitable to maintain an effective deterrent".

The admirals say the prime minister was badly advised over the decision to scrap the Harrier force because it is more versatile and will be cheaper to maintain.

The letter says: "The existing Tornado force will cost, over 10 years, seven times as much to keep in service as Harrier. Was the recent exercise not supposed to save money?

"The decision to axe the entire Harrier force is strategically and financially perverse."

'10-year rule'

But Mr Harvey insisted that the Tornado was the right aircraft for the current conflict in Afghanistan and for the next decade or so.

"This was a very difficult decision. It was looked at in immense detail. In the end a decision had to be made and we took the decision on the basis of the balance of military advice coming from the current military leadership.

"When you look at the full range of threats we might face over the next 10 years we get far more capability out of the Tornado than we would out of the Harrier."

The cuts mean no planes will be able to fly from British aircraft carriers until 2019.

On this capability gap, the admirals wrote: "The government has, in effect, declared a new '10-year rule' that assumes Britain will have warning time to rebuild to face a threat.

"The last Treasury-driven '10-year rule' in the 1930s nearly cost us our freedom, faced with Hitler."

.

shows nothing to me to invest in vgl

http://www.proactiveinvestors.co.uk/companies/news/32206/rockhopper-exploration-sea-lion-commerciality-not-significantly-impacted-by-argentinabrazil-shipping-ban-says-rbs--32206.html

Rockhopper Exploration: Sea Lion commerciality not significantly impacted by Argentina/Brazil shipping ban, says RBS

12:52 pm by Jamie Ashcroft

This morning Rockhopper announced the spudding of its latest well to test the Sea Lion discovery.

The commerciality of Rockhopper Explorations (LON:RKH) Sea Lion oilfield development shouldnt be significantly impacted by logistical problems arising from Argentinas claim over the sovereignty of the Falkland Islands, according to analysts at the Royal Bank of Scotland.

Just a week after Rockhopper confirmed that the Sea Lion oil discovery, in the waters surrounding the Falkland Islands, is big enough to support commercial production it seems that political issues may come into focus for investors.

According to a report in yesterdays Sunday Times, Brazil has fallen into line with Argentina by barring vessels from docking in its ports if they are flying the flag of the Falkland Islands and this could have negative implications for any development of the discovery.

Looking at the potential problems in a note to clients today, RBS analyst Phil Corbett said: To date, there has been no significant impact on the timing or logistics of exploration and appraisal drilling operations in the North Falklands Basin from Argentina's stance on the sovereignty of the Falklands.

While it may make a development more complex and costly (i.e. we would imagine a significant contingency in terms of equipment and people may have to be stationed in the Falklands given long supply lines) it shouldn't significantly impact the commerciality of the project in our view.

The analyst points out that his valuation, which informs his buy recommendation and 380 price target for the share, assumes a 250 million barrel development and it also incorporates a conservative view of both capital and operating expenditure.

The RBS analyst added: If ongoing work continues to support the potential of Sea Lion (current mid-case of 325mmbbls recoverable) and the exploration upside on the licence then we simply don't believe that it will lie dormant because of political and/or development risk when attractive upstream opportunities are growing scarcer.

This morning Rockhopper announced the spudding of its latest well to test the Sea Lion discovery.

It began drilling the 14/10-7 exploration well in the early hours of this morning. The well location is around 3.3 kilometres away from the original Sea Lion discovery and it is designed to investigate reservoir and hydrocarbon presence towards the northern limit of the currently mapped extent of the Sea Lion Main Complex.

Rockhopper expects that the well will take 32 days to drill.

On August 15, Rockhopper revealed that by its own estimate - based on the latest 3D seismic data and its recent drilling success - the Sea Lion oil discovery contains between 608 million and 1.279 billion barrels of in-place oil. The company believes that it can achieve recovery rates between 30 and 40 per cent, therefore it estimates that the Sea Lion contains around 325 434 million barrels of recoverable oil.

Importantly it said that the seismic results show that the Sea Lion Main Complex (SLMC) extends the south, and that the new high case area extends over 90 square kilometres. The seismic results have also identified two new fan prospects, Casper and Kermit.

Rockhopper is committed to drill another three wells including the 14/10-7 exploration well - using the Ocean Guardian rig and it is in talks over the possibility of drilling additional wells under an assignment agreement.

Meanwhile it also confirmed that the rest of the newly acquired 3D seismic data is still being processed and Rockhopper expects to have the interpreted results by the end of 2011. Rockhopper said it has now mapped fan prospects - SLMC, the Lower Fan, Chatham, Casper and Kermit.

Fly another flag then ....... problem solved.

oops i was at rbs earlier this mornig
and i dont mean the atm
panic spreading
gla