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.

sp being hammered this morning, but i think (hope) that is really just on the back of forced sales following the BOR debacle

Hi Cynic,

The problem is, 'panic selling' and as with such things, panic breeds panic.
If I was younger and had the money, I would be buying more Rockhopper for the long term.
The FI oilies appear to be like a roulette game, with punters going from a black odds bet to a red evens.

i think you're right, but as above, i suspect also a lot of forced sales .... interestingly PMO is stronger

Agreed re forced sales.

Whilst I fully agree with most posters, that there will probably not be an agreed take over for Rockhopper, as with all companies when the sp get as far below value as Rockhoppers sp is at present, it has to be vulnerable to such a takeover.
Just watch for the institutions to grab shares at the current low price, which must be an absolute steal.
Most institutions buy for the mid to long term, so whilst investors like ourselves tend to look at the future in terms of months, the big boys think in terms of years.

my take is that any of the larger companies would actually target PMO which has a very interesting portfolio

Agree, but if they take Premier they would surely go for RKH as well.

Surely if any of the majors were interested in RKH they would have got in before PMO. I don't think PMO would be of interest to any of the big boys on the basis of their RKH holding.

correct Harry, but PMO's slice of RKH adds to that portfolio ...... all totally hypotheical and without any foundation, but if a major took out PMO - not that farfetched for obvious reasons - it might suit them to take out RKH at the same time (rather more farfetched!)

We needed cash and a partner and we got both ....I don’t think it’s a bad deal in this market.

Where money is to be made you will always have interested parties so watch this space

I think we have a few months if other parties want to show there hands,who knows it could be Shell after pulling out of Cove.

not an answer to the question raised lol

Muppet stock really - the rampers were saying the farm out was going to be so good, I said it was going to be low value.

It was low value and also no chance of oil before 2017 - so why is anyone still holding RKH ? Looks like many are agreeing now and selling.

I'd have to agree with that, one for the long term maybe but not at current prices.

but buy loads and loads of FOGL i take it, which has found nothing to date?

FOGL has a heck of a lot of prospects......their acreage right across the east southeast and northeast Falklands is massive .......oil to me is in the North possibly from the Argos licence increasing in pond sizes all the way round Sealion and down into the big FOGL targets......

believe it when FOGL actually find anything at all

Someone taken Pro dummy off him today

If there was only one reason to buy out Rockhopper (not saying it will happen) its that at the current mkt cap of under £600 million, with US$231 million up front cash payment on completion of transaction, plus US$722 million Sea Lion development carry (net to Rockhopper) plus what cash they already had they must be a temptation.

So with a mkt cap of £600,000,000 being £9,000,000 below the above total sums(not counting the cash they already had), how could this not be a takeover target.

It's a risk (FOGL)....but for exploration companies it is.......something big is showing up on their seismic for the first drill......sp far too low for the potential offered....I'm surprised about the low sp for Rockhopper.....remember when we were hesitant about selling around the £5 mark !.......would never have believed that by now it was £2.......just shows how difficult it is to predict outcomings......

RF,

Fully agree!

You just have to look at XEL so its a good deal at this present time in a terrible market greek

Should be a good run up with FOGL drilling RF