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.

StockMarketWire.com
Premier Oil has agreed to farm-in for 60 per cent. of Rockhopper's licence interests in the Falkland Islands, which includes the Sea Lion development.

The initial payment will be $231 million in cash plus an exploration carry of up to $48 million and, subject to field development plan approval, a development carry of up to $722 million.

These will be funded from a combination of Premier's existing cash resources, facilities and cash flow from operations. Premier and Rockhopper have also agreed to pursue jointly exploration opportunities in the Falkland Islands and analogous plays in selected areas offshore Southern Africa.

Anyone hvaing trouble getting RKH prices - whats the impact of RNS?????

In auction I assume. ARG up 19%. PMO up 3%.

RKH +33 (12%) @305p

ANY THOUGHTS ON FARM IN DEAL??? HOLD/SELL/BUY?

All the bullsh*t treads for months and w finally get farm-in and no comments???

I wonder if the market might be slightly disappointed that it wasn't one of the 'majors' with considerably more resources, but broker notes today should push the sp further, imo, once the short term profit takers have moved on.

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I hope so! Thanks Harry..

i'm rather glad it's not a serious major as it makes both PMO and RKH more vulnerable to t/o while still enhancing sentiment towards FI stocks in general

T/O probably get "good" price tho?

for goodness sake!!!! ....... you may not even live long enough to see a t/o!!!!!!!!!!!!!!!

Not in....but now the excitement's over.....time to move on to ?......damp squid rise here to me after such a long wait or will continue to rise.....more likely status quo for a long time...

is that so ..... well a lot more enthusiasm here than for BOR or FOGL

Story on BBC world news about some piglets destined for the Falklands being diverted to Chile along with some oil workers for a rig....."apparently they are in the wrong place but with the right people" !......amusant non ...?...

A quick rise and falling back... take profit.

...that might be why it's falling back!!!!

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lol

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