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.

So the farm-out is really bad news for RKH. Just wonder why they did it if they think there is a huge reservoir of hydrocarbons. Probably they knew something and wanted Premier Oil to share the burden.

.

I used to be indecisive......

Looks like RKH has adopted a large candlestick.

...or a huge erection

or someone placing the candle indelicately

Blimey !....why the drop with good news....I suggested profit taking but this is ridiculous....

Looks like lit of punters been taken by the big boys who are getting your shares cheap on good news watch the bounce tomrrow

one would like to think so, but though sp is currently bouncing, the order book remains weak

My friend trust me u don't c everything

i certainly see that the bears have had a field day today with 44m traded!

Just having a read up on the RNS, some points i am unclear about one of them is this.

Premier and Rockhopper have also agreed to pursue jointly exploration opportunities in the Falkland Islands and analogous plays in selected areas offshore Southern Africa.

which plays in Africa,is it a 60/40 split in Africa



Any views?

presumably the bits that once joined together in pangaea, though i guess it's barely at the gestation period yet

A long way off ....that drilling......very surprised at the drop......a small drop perhaps but this has been slaughtered today......might as well give up the stockmarket the way things have been going......I'm going mainly for FOGL now.....

I think Pangaea is a bit too general - more likely Gondwana :-)

happy to be corrected ..... i now note pangaea was the forerunner etc etc
anyway, even longer ago than when i was a young lad!

.

Thats what happens when u let a clown run your country....

http://en.mercopress.com/2012/07/14/argentina-has-three-annual-inflation-estimates-9.9-23.96-and-30#comments

Argentina has three annual inflation estimates: 9.9%; 23.96% and 30%
Argentina's government reported Friday that consumer prices rose by 0.7% in June. The estimate, published by national statistics agency, Indec, indicates that in the first half of 2012 inflation reached 5.1% and 9.9% in the last twelve months.

For those with time on their hands, this is worth a quick read to understand PMO's stance on the FI potential:

http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/9400365/Premier-Oil-braves-Falklands-hostility-from-Argentina.html

Barking up the wrong tree here ......will be years before any oil is out of the ground.....but all the excitement (if any) is with the southern licences.....good longterm investment RKH but no drilling for perhaps two years : that's the problem....