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.

A little disappointing there was no announcement of a farmin partner(s).

Hi Halifax,

If the farmer is Anadarko, I feel any news release will need to be whilst both the DOW and the LSE are open or within the rules of LSE, so between 1330 hrs and 1830 hrs BST.
Supposition of course.

Greek.

Looking at this through the eyes of 'Why have people invested in RKH and why do they invest in FI oilies' I come to this conclusion.

Most have invested on a dream that with their money invested at quite a risk, will repay that risk by multiplying there stake several fold.
If they had wanted steady, low risk money they would have gone for FTSE companies the likes of Glaxo, Shell, BP, Capita and similar, instead of chancing AIM minnows with little to no provenance, such as RKH, FOGL, BOR etc.
To me that risky stake to double, triple, quadruple your money dream has come true (at todays sp).
Many are looking at RKH as a done deal without waiting for the farm-in RNS or/and production and are moving to yet another possible dream maker, IE FOGL/BOR.
They are selling out of RKH in order to move to that next money maker, which I suppose is expected.
When the dust (hopefully not down any RKH well) settles, I think investors will look back at RKH and start to realise that the story is only into the first few chapters.
Fogl, Bor and others may end up with as much, if not more oil/gas than Rockhopper, but Rockhopper HAVE A HUGE AMOUNT OF OIL, the others don't as yet.
So yes, live the dream as they say, but me I want to live the moment.
Any spare money, yes, I will look at increasing my stake in Fogl and may even look at a couple of the other FI oilies, but none of this money will be coming out of Rockhopper.
When will people realise that RKH have been hugely de-risked.

greek reality is FI story has been ramped for years, no oil produced so far and no major farmin to pay for huge development costs if oil is found in commercial quantities, if farmin majors are prepared to commit then oil may come to the surface earliest 2016,but at what cost?

There is no oil field in the world with the same difficulty of production or political situation as the FI field where oil is being left in the ground.
Whatever the cost to production, its the return on investment that matters, and if you believe as I do that the return on the Rockhopper fields will be a good investment to stake then stick with it.
I'm certain we will get that farm-in, although I would proffer a buy out of Sealion leaving RKH to continue as an explorer, not a producer.
As to being ramped for years, that depends how you look at it. While agreeing that figures have been ramped for years, if these field come to fruition that is what matters.

NOTE...........I remember people saying Google and Microsoft were being ramped!

greek as is Apple.

greek - hali is an even more miserable old fart than me

I agree re Apple, but who knows in a few months years.

tuesday will reveal whether or not AAPL is little more than a bubble stock

cynic you are so defensive of your favourites ....AAPL (tax avoidance issues)......TLW (two dry holes,no spaceships etc) bearing in mind your perceived old age isn't time you became more pragmatic?

AAPL - don't much care whether or not they avoid tax legally .... i'm sure you do or would too .... if i wanted to get into moral and ethical stocks, i'ld follow the age-old way of making a small fortune

TLW - one of the few consistently good performing stocks that i follow and trade

PRAGMATISM - isn't that much the same as living with actuality - e.g. keep following shares that rise, and at least trying to have the discipline to dump the "naughty boys" like perhaps i should have done with AAPL?

MISERABLE OLD FART - there must be a single word for that .... any ideas? ..... no, it's not the same as being a cynic :-)

Grumps(grumpy old men)

Never trust a fart, even more an old one.

LOL, how true.,.

Just been having a little read up on http://en.mercopress.com/current-edition?things do seem to be getting very nasty, indeed on the political side of things with Argentina upsetting its neighbours, been British it now time to get a stick and poke it in that hornets’ nest.
She has pressed the self destruction button on a bankrupt country……going to end in tears.

http://www.proactiveinvestors.co.uk/columns/broker-spotlight/9095/broker-round-up-part-1-barclays-arm-holdings-wh-smith-hays-and-rockhopper-9095.html

Credit Suisse said the revised competent person’s report makes oil and gas explorer Rockhopper Exploration’s (LON:RKH) Sea Lion discovery more attractive for a potential farm-in partner.

The Swiss broker raised its target price for the stock to 531 pence from 408 pence for the Falklands-focused company, while retaining its ‘outperform’ recommendation on the back of the report, which valued the discoveries at US$4.1 billion.

A successful farm-out of the Sea Lion discovery could be the major catalyst for the share price, providing a potential upside of 218 pence per share.

Shares were down 3.06 per cent this morning at 341 pence.

Don't want to breach copyright, so I have posted a link.

See the sections by a DavidS. A very good article which assisted me greatly in understanding Condensate Gas.
He appears to know what he is on about!

http://forums.randi.org/showthread.php?t=103085

A very useful and informative link Greek!

Very many thanks.

held up reasonably well here today considering bor

Yep!

I think that this will continue to quietly simmer away whilst the few people involved cross the 't's and dot the 'i's. I'm sure a farm-in partner is being courted!

It has to be remembered that it is a commercial find in its own right - but there would be a huge upside from sharing the supporting infrastructure of an emerging oil industry if there were additional finds of oil and not just gas.

I have been in 'long' and intend to remain so for some time to come!