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 also stupidly thought that dow would recover sharply this afternoon following good employment numbers and uk election not being as indecisive as might have been feared ...... thank goodness for these little chappies!

So the :

Porosity is good (so its easily filled with oil).

Permeability is excellent (so it should flow well).

Size is "bigger" than expectation with 53M net oil pay over expected circa 28M.

Oil/Water contact not found yet, so might be very much bigger and needs an appraisal well to go deeper in another area to find out just how big.


Anyone thinking this could be a half billion barrel find......... ;)

PS. Its 100% owned by RKH too :) !!

pp if you are right our money is on a major oily stepping in (BLT) and buying RKH out.

halifax, you would expect that to happen.........but first they will want to prove how big it is as well as drill Ernest and prove that too, all being well.

Well I wish they had issued the 2nd rns this morning.....bought and sold again....and the market is crashing except for these.....crazy....now just don't know whether it's worth buying them back....no testing...?...that's what puzzles me...You can bet on fund raising coming...still not sure how much is down there....how do you reckon out the amount ?....is it worth buying at these levels now ?...questions...questions...

I would take profits now guys....the market is 200 points down....

Just make money and enjoy it!

Have done.....just kicking myself for selling out too early this morning and I thought I was doing the right thing.......but there will be a massive pullback on this....I mean what's the big difference between the 1st rns and the 2nd ?.....perhaps somebody can answer...

Perhaps there may be some newspaper coverage this weekend which should give the sp a boost on monday.

technically, this is still very early days, but it's hard to believe that as RKH management is not a Timis clone, that it would be so irresponsible as to put out misleading comment

meanwhile, buyers are crawling over each other to get stock ...... without being remotely silly, it looks as though 150 will be breached by close - see L2

Flying again now.

Its so undervalued presently.

Enjoy it and laugh in the face of those who said sell at 90p levels ! :) ( you have to smile )


More news Monday or Tuesday, this should be API of the oil from the fluid tests and also more info from logging.

Its going to roll on upwards !!! :)

required field

make one mistake is OK but two is one too many

Master RSI - 07 May 2010 11:27 - 697 of 762
I am sure some of the sellers wish DID NOT at this point

At the moment I'm pondering whether to come back in again....but at these levels....and the market is plunging......this is now worth 400 million plus....without testing !...is it me ?....perhaps I'm nuts....

impossible to tell what is right move ..... it's not so bad if you already have a core with which to balance ...... if i were you, i think i'ld be inclined to buy a few DES as it is looking better value

Still have some...but at a loss...staying put on that one....bad luck for me the 2nd rns...never have thought that it would hit these levels...

rf RKH has 174m shares issued which means their market cap is only 250m looks pretty cheap if their discovery is worth 1billion.

except that is predicated on a guesstimated valuation

cynic same as GKP,TLW etc then.

This is ridiculous....there is a big difference between GKP and RKP....one had big flows the other just says well it's there but we'll come back later...

Well done those who had the faith to remain in...I'll just have to wait for some retreat of some kind and ponder if it's worth another punt.