.

Not interested in RKH at the moment.

does RKH have another rig lined up after the Ocean Guardian sails off into the sunset on 1st March 2012?

I asked the same question in a different form on the main thread. It seems a hell of a long way to go and come back when there is still work but hey-ho I don't see the bigger picture!

It's just having done the voyage a few times it would make sense to me to leave her down there because she seems well suited and capable.

I'm surprised about that date...I was under the impression about a continous drilling program switching between northern basin partners.

perhaps marky knows what RKH has lined up after the Ocean Guardian ceases to be available, surprised there hasn't been a RNS from RKH?

Pro
"Not interested in RKH at the moment."

Still not interested? RKH is the driving force in the FI oilies - particularly after today's RNS!

No, not interested at the moment.

Come on Pro - time is running out for the thread title
Rockhopper - a big 2011 coming
so exactly when ARE you going to be interested?

Not interested. As you know I sold here at 300p and have purchased other stocks at nice cheap prices.

FOGL my average is just over 50p and GKP at around 125p.

So if you put those stocks prices today and their gain, on top of the 300p at RKH selling out, RKH has to go much much much higher for me to have made an error selling way back then at 300p.

As it stands now, major fund raising is ahead, probably around 300p level to 250p level - and I am happy not to be in RKH but to be in FOGL at the moment, having a nice low buy in price at FOGL.

.

Because its not interesting now.

BOR and in particular FOGL are interesting.

my own view is that if any FI oily has a future, then it is RKH and others may (or may not) be dragged along on its coattails - mais chacun a son gout

Opposite view for me.

Big oil companies will not be licking their lips at 400 MMBO recoverable when 2 other companies are drilling bigger targets.

Any major company will wait for FOGL to drill Loligo. With up to 4700 MMBO recoverable barrels potential it makes sense to see if FOGL strike it lucky.

If they do then you move in on FOGL and then with a really big development going on you pick off the smaller ones around the area, like RKH.

So I see BOR and FOGL drills as they key to RKH, not RKH as the key to the others.

I think RKH shareholders have an XEL type wait ahead - I wanted them to go exploring for more - they have not and so RKH is no longer exciting, with just fund raising and dilution ahead for them in the mid term.

cuckooland pro.... FOGL havent found any oil not even a stain of oil just a big coal mine which they cant extract the coal from ,FOGL dont even have enough money to drill two wells. Dilution on its way when they pass the cap around for more money...get your facts right Pro misleading people again.

Cairn interest in RKH according to DF (the man hated by many DES holders) at the Sunday Times.

http://www.bloomberg.com/news/2012-01-15/cairn-starts-talks-with-rockhopper-on-falkland-oil-times-says.html

Looks like trying to drum up sum industry interest ahead of the data room opening.

But Cairn confirmed interest in the Falklands will remove some of the discount applied to all Falklands companies, so lets hope there is some truth in it.

.

Good chance of a RKH sp surge.....we shall see....

I think its just a bit of broker pumping ahead of the data room, try to generate more interest.

I still think nothing much will happen with RKH until BOR and FOGL are finished their drilling.

It's shot up.....something in the rumour....

http://ftalphaville.ft.com/blog/2012/01/16/834471/markets-live/

PM
Small cap corner?
BE
And …….. Falklands yet again.
BE
After this Sunday Times story
BE
That Cairn may be keen to buy a lump of Rockhopper
BE
Unfortunately, it seems a bit more nuanced than that.
BE
Here’s what the FT wrote this morning.
BE
Rockhopper Exploration, the oil and gas company focused on the Falkland Islands, has started work on plans to find a partner to develop a big oil discovery in the South Atlantic, in a move which may also lead to a sale of the Aim-listed explorer.
BE
Any new partner will have to weigh up the political risk of entering the Falklands, which remain a flashpoint in relations between Britain and Argentina. Buenos Aires continues to claim sovereignty over the islands it calls Las Malvinas, and has been highly critical of the recent drilling campaign there. Last year, Mercosur, the South American trade bloc, banned Falkland-flagged ships from docking in Argentina, Brazil, Uruguay and Paraguay.
BE
And …….
BE
Last year Rockhopper held informal talks with Cairn Energy about entering the Sea Lion project, the people said, but they did not result in a deal. The two are not currently in talks, though contacts between the two companies could be renewed in the coming weeks. Indian and Korean oil companies are also expected to show an interest, one of the people said.
BE
http://www.ft.com/cms/s/0/0eb8c6b8-3fa6-11e1-ad6a-00144feab49a.html
Rockhopper Exploration PLC (RKH:LSE): Last: 303.75, up 28.75 (+10.45%), High: 315.00, Low: 262.60, Volume: 4.85m
BE
Now ………..
BE
That’s a bit odd.
BE
Because we knew Rockhopper was looking at a farmout in the first quarter or so.
BE
Cairn would seem to be distancing themselves from the auction.
BE
And no-one I’ve heard from really fancies the idea of them getting into the Falklands.
BE
Liberum, for example.
BE
The persistent rumours linking Cairn to Rockhopper are difficult to believe. They do not play to any of Cairn’s strengths and would appear to be a poor use of its resources. HOLD.
BE
Bit more of that, I think.
BE
The Sunday Times reported that Rockhopper (market cap US$1.2bn) has appointed BOA Merrill Lynch to find a partner to help manage and finance the development of the Sea Lion discovery in the Falklands. It is widely believed that Sea Lion contains at least 300 mmb oil and will cost more than US$2bn to develop. Rockhopper appears to have neither the expertise nor the finance to progress the project. There is speculation that the auction could lead to a full takeover and the STimes claims that Cairn Energy is considering such a move.
BE
Cairn completed the initial phase of drilling offshore Greenland in 2011 with 8 unsuccessful wells, writing off US$1.1bn. After completing the part sale of its shareholding in Cairn India to Vedanta Resources, Cairn had net cash at end 2011 of US$4.7bn, US$3.5bn of which is to be returned to shareholders. Cairn also retains c.22% of Cairn India which could realise c.US$2.4bn (post potential CGT).
BE
Cairn has no plans to drill in Greenland until it brings in a partner to share the costs of exploring. It is unclear when in 2012 this will be achieved or on what terms. So, at present, Cairn has US$3.6bn liquid assets that can finance future Greenland costs and new ventures.
BE
Here’s the important bit.
BE
We would view any partnership with Rockhopper negatively. Cairn adds value through exploration and has retained no field development expertise (particularly offshore). It would be better if it maintained its focus on exploration or returned all liquid assets to shareholders than pay a premium to get bogged down in a field development in a region of significant political risk.
BE
The share price currently reflects the value of its cash (215p) and Cairn India stake (112p) less 35p for ongoing G&A and exploration costs. We believe this is about right (PT unchanged at 280p). There appears to be nothing in the price for the value that could be monetised from a partial sale of Greenland but, while this offers upside, it does not appear sufficient to us to make us want to buy the shares. Any move to use resources for an acquisition of a significant development project would make the shares less attractive.
BE
So
BE
If the ST report was intended to run this idea up the flagpole ….
BE
… I think it’s fair to suggest it’s been run back down again.

The more big names getting involved the better for all Falklands companies. My guess is they are looking into the situation ahead of the southern drills, using RKH's show as an excuse to take a look at the whole set up there, for the southern drills are big enough to warrant a big name getting involved, if the SFB drills by BOR and FOGL strike oil.


www.thesundaytimes.co.uk/sto/business/Industry/article860553.ece

Texans fly into Falklands for Rockhopper talks
Ben Marlow and Danny Fortson

The Sunday Times Published: 22 January 2012

The American oil giant that partnered BP on the ill-fated Deepwater Horizon oil platform is considering a move on Rockhopper, the Falklands explorer. It is understood that a team of executives from Anadarko Petroleum, the $40 billion oil group, flew to the Falklands last week to meet.....................................