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.

and wall street is "tout sur le magasin" = dog french for all over the shop! .... it had been down about 200 at 10239, but is now back up to 10450, but zipping all over the place

yes traders love volatilty.

i posted that here more to highlight that this mega-volatility is affecting markets in general ...... once things settle down again, and there are several reasons why that might happen quite quickly, then some of the stocks that have been slammed for no good reason, will have a chance to recover

cynic agree there are some bargains available at the moment.

there will have been a huge amount of forced closing ..... RKH/DES have certainly saved my bacon these last couple of days

I'm moaning but I bet that some people sold out at 40p or so.....I'm gutted but how do you describe what they must feel ?....these markets are crazy....

I still can't quite grasp why this shot up this afternoon....we know they have discovered a reservoir...but it has to be above 50 million barrels of oil.....what do they do ? guess ?...

RF and some people bought in at 12p and held......

Marky...you're a genius.....where does this go from here ?....I'd like to buy back in but will have to wait....hands up...my own fault...should have stayed put...just did not expect the 2nd rns.....but still not sure about the amount of crude down there...

Well done you guys, especially markymar he's kept faith with RKH and he started this thread, I briefly dabbled in these many moons ago but not holding (sadly) now.
2517

i too wish i had prescience, but sp could easily have collapsed this morning - as it nearly did ..... so for sure i sold a big slab far far too cheaply, but it was still a decent profit ..... and yes, first thing i had 3x as many as i now hold even now, but complaining about being prudent is preposterous

Selftrade analysts (x2) have current forecast target price as 172p.

Thank u RF and George, was very glad they hit oil or it would have been 12 years I have wasted my time..Shell must be kicking them selves now as they have walk away from a gusher but you never no they might join in the drilling yet.

RKH had a number of companies wanting a slice of there acreage to drill but could not agree terms as they were wanting to much and they didnt think RKH could raise the money to drill well RKH raised the 50 mill and told them these are the terms and the companies walked away well there banging on the door now.

So many different scenarios now which could happen and its quiet mind boggling but one thing for sure if your holding RKH shares this is only the start as RKH have many more prospects and its very attractive to larger oil companies.

The top and bottom of this is the NORTH FALKLANDS BASIN hold huge amounts of commercial oil up to 60 billion barrels the BGS used to say 110 billion barrels why they changed that to 60 I dont know.

I sold @ 81 yesterday for a 100% gain and never looked at the price untill this afternoon when it was @142 , i just couldn't believe it.

required field ...They can't test now because FOGL are waiting for the Rig and the test equipment will take a while before it gets to the Falklands...it's a big piece of kit.

Sorry i missed all your comments...had to work. No regrets with my safe move this a.m. well done to those who held on. RF stop griping, whats done is done there will always be another day. Slowly slowly catchy monkey..:))

Let's face it, this is a "feel-good" amid a sea of despair :-
BP woes in US, UK Elections (Arrgh!) - and - Greek revolts.

I cannot imaging this small outfit can really be worth so much- it has to be punter madness.

Once the oil is coming out; it isn't exactly near a decent market....Argentena still thinks all the Falklands belong to them . . . . and this crude will need processing, unless it's particularly light....before it can be put into tankers heading to Europe.

v. Good news for those that believed the Rockhopper story, I recall they were at several Investor shows and if memory serves about 30p.
- This rise is almost a 5-bagger.

Put my ill gotten gains into POG this a.m. at 10.67p now up 30p...lovely. Back to 13 soon..

have a good w/e old son!

you too cyners..