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.

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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It's all nothing but a false dawn.

happy larry - perhaps you hadn't noticed, but the whole market is pretty weak

With good news, RKH usually defies gravity.

Blimey - I hope some of you took some profit.

In auction -6.2%

Goldman Sachs note:
"We assumed that Rockhopper would give away a 30% stake in the field but receive no cash consideration. Overall the deal is dilutive to our target price, but still results in significant levels of upside to the current share price. The print from the deal (implying a valuation of c.US$1.67 bn for 100% of the field excluding the impact of discounting cashflows or c.US$1.35 bn including the discounting impact) implies upside to Rockhopper’s current EV of c. US$1.1 bn.
While not as good as we had hoped for, the deal still provides Rockhopper with funding that should be sufficient to reach first oil and therefore helps de-risk the project. We believe that the valuation of the Rockhopper stake, post the deal and the implied readacross from the value of the deal are both accretive to the current Rockhopper share price. Although we believe that some in the market would have been hoping for a larger partner in the field, we believe that Premier’s development experience and size means that the project will be bringing in an experienced partner who will have real focus on monetizing the potential of the field. As a result we would expect the shares to react positively today.
Our target price is under review. We would also see the deal as positive for Premier."