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.

Do the math.

Chairman reckons "The Sun" was right. "The Sun" said 450M recoverable.

450M x 8.5US$ per barrel (yes just eight and a half)

That means about 1500p per share for this find.


Data out + a good flow test and it will zoom up past 1000p if that 450M estimate is correct.


So you can see why the robot AT buy trades are still flying in at 240p and they will be higher up to I would guess

If it keeps going the Falkland Islands will be able to BUY Argentina! ;-)

Hi Proselenes,

Agreed, but MM's will no doubt be looking at the best deal they can get from the clients that matter, via the brokers of course, so just saying if it was worth say double the current sp now, the market would have pushed it up a lot higher.
I do fully agree it should continue to rise as institutions seek shares.

As to Chicken and Egg. This looks like a bloody big egg, and if the Chicken does fully hatch, well all I can say is, 'Carlsberg don't do oil wells, but if they did'.

Blimey that wines strong. Better keep away from the dealing button, I might press sell by mistake.

rf, are you now in profit since 13.55 hrs today???!!!!!!

Yes....but this is the biggest mistake I've ever made by a mile...could not buy back because of the 30 day rule...except in sipp.....just gutted....

RF,

I presume you sold re CGT.

After having sold...it went up to 138p...but could not buy back because of the blinkin 30 day cgt rule...but if you take the sp now it would not have mattered...sick....

Got closed out at 253 on my trailing stop.
Managed to buy back in at 243.6
Rocket propelled or what today ............>

Bought back at 2.04.....never ever met anything like this..in such a short space of time....except ITM and AMS....even GKP pales in the face of this...

How you work out the gain under the 'bed and breakfasting' rule:
"If a disposal of shares is identified with shares acquired within the following 30 days, the gain or loss on disposal is the difference between the net disposal proceeds and the acquisition cost."

As you say, rf, tricky timing to avoid that.

Harry,
Spread betting is the answer.
You can also hedge if you don't want to sell the real thing.
Why not sell your shares and take out an equivalent spreadbet and hold that for 30 days or more. Then switch out into real shares again.

TT, a spike and drop like that :

Knocks out trailing stops.
Encourages some shorters to sell
Panics weak holders into selling with the fall afterwards.
Encourages long position day traders to take profits.


All for the purpose of loosening up stock to fill buy orders.

True TT, but I am personally not happy trading on margin. Things could go badly wrong & I am just about clear of debt now & not looking to change that! But it does work for many. CFD's look a tad safer, but....................

take your profit and run RF......276 down to 229.....

Banked 530 in half an hour....incredible.....

Those trading in and out not within a sipp or spread bets must be careful....imagine paying 18% between say 120p up to 180p and you haven't got the stock...ouch !....for traders it's different...

All you who say you have never seen anything like it before were obviosly not around in the hi tec daze when it was not uncommon for stocks to leap up by 1000p/2000p - yes 10 - 20 in a morning ...eg Balt Tec,,,kwl systems ..........Goldfinger will rememeber as he is about the only name i still recall from those days who still posts -the rest retired i think :-)) ..................but this is still cool .....banked about 35k from DES in 2 days who have done absolutely NOTHING except jump up on the back of this find ...............sentiment ? dont you all love it ,,,,.

I was around but struggling with no computer...just teletext...

One that survived those times - I also remember trading INFOBANK @40 - now long gone.

Some of us remember what happened when Cairn stuck oil, if this find is as big then ..... name your price.