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.

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.

I reached retirement age 65 last month and was waiting for my commuted Lump Sum from the final salary pension scheme i belonged to and the money only reached me today!--i had tipped these shares to an old friend of mine who bght 10,000 for his SIIP pension fund a few weeks ago at --yes--39p !!!--he was over the moon today and couldn't believe his eyes when he saw the shares leap up again after thursday and fridays performance!!--he asked me whether i had bght when i tipped them to him and i had to say --NO--because i was waiting for my Lump Sum to come through!!--i was going to buy 10,000 's worth of shares at around 40p but was unable to then but it is now obviously too late!!--as they say--having cash at the right time is imperative to taking advantage of shares when they are oversold which RKH certainly were when they hit @40p a few weeks ago !!-ah well--on to the next one --any ideas anyone!!-

required field,

I wish i had just sold half like i usually do, and let the other run for a few more days.

Ditto....why did I not do that as well ?....still kicking myself...probably all year....

More news in a week to ten days perhaps.


http://www.ukcitymedia.co.uk/news/fullstory.php?id=313

Meanwhile, offshore the Falklands at Rockhopper Exploration Ocean Guardian rig, test samples from recent drillings have shown to be oil, suggested a good quality crude oil reservoir. The Wireline testing of 14/10-2 well on the Sea Lion prospect in the North Falkland Basin also indicated a possibility of two separate oil columns with a suggestion of no oil water contacts or water sands.

Rockhopper managing director Samuel Moody commented We will now wait for confirmation of the quality of the fluid as a result of the laboratory analysis, and continue our review of the data gathered from the well." The company is now to suspend the well pending further testing and intends to make a further announcement which could be within a week to ten days.

blueface, my 'with profits' pension scheme is with Equitable Life (not yet at retirement age), so am sitting on a worthless pot which is going nowhere! Count yourself lucky you have a decent pension!
Thank goodness for RKH!

Ah excellent, P. 5 in ten days then?

required field,

Some as me , only telext and stuck at work all day. i was holding GEC when they were over 12 a share and sold at 40p, also Balt tec