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.

The risk that has been added to RKH is if they drill between Rachel and Sealion and come up with nothing...an appraisal there will be high risk.....

The stake of RKH in Rachel has been known for months and months... wake up

279p and dropping......the word "stuffed"...springs to mind....difficult to understand this drop....

Not the stake....please......a well between the two....as if I did not know about the 7.5%....

Not u, rf... I meant mrsi.

euhh..sorry...

hlyeo98

re - 7.50%

That is what I am saying, but maybe you did not know, that is why I posted being the reason for the fall.

But as usual is a waste of time, end off

you me be "on the sauce" that the Judas sugested earlier, I do not touch that stuff on working hours and only on some special days.

readed again below


..........today's DES bad news on the 7.5% stake being O (cero/nothing) so far for RKH is a completly new teritory to look for.

Anybody shorting here....?....wish I kept my DES short...

7.5% stake in Rachel was known much earlier this morning when sp was 325-330p... now 285-290p

It was known since RKH took it.

It was known also this morning that the 7.5% will not aport anything to RKH, and that is what I am trying to say to you all the time,
and that is why the share price is moving yet lower than the Fibonacci 78.6% yesterday...end OFF

Incredible drop....500p plus not long ago.....staggering....fall.....

Stronger statistics on the order book

450K v 338k

no wonder is moving slowly higher now

How many dcbs can you have in a week? ;-0

It looks like the 280p will be the low for the day

Is well supported by the order book and small buys at the moment
spread 291.25 / 292p
Monday is another day

It's been an enjoyable week. Have a good weekend.

No it hasn't..

Mixed over here,

..the very good, the bad and the damn ugly

although she hasn't returned home yet..

:-0

Looking forward to see what the weekend papers have to say

Info says placing by Merrill at 2.75, completed next week.

Seems about the right price given the sharp move down to 280p as those "close to inside" have taken money out to put back in again.

Its about the right sum of cash too, 93m pounds (so circa 34m shares x 2.75)

I would be disappointed (in my selfish way) there has been no rights issue, but so be it.

Nothing has changed, Sea Lion is still as big as it is, just because one person will not sign off a provisional upgrade until he gets more info takes nothing away from what it is.

And given Rachel's lack of oil, it does seriously look like the oil migration path has left it all over the North East, which is all over the 2 RKH licenses.


FWIW, I think they have the kitchen in the wrong place and the oil migration wrong (DES that is). The kitchen could likely be much closer to RKH licenses than DES thought, and also the migration path is not west and south across the DES licenses. Now, based on that and they are drilling east with the sidetrack they might get some oil with it, more chance than with the Rachel vertical.

The failure of Rachel to have any oil at all, even traces, makes things much more exciting for RKH.

Those II's who are going to be getting shares at 275p in the placing are very lucky indeed and I am sure in a few weeks time they will be shouting it from the rooftops just how good it is.

Cannot complain, my bulk purchase was at 38p so I am in well before them, just perhaps I could have better timed the top ups, but hey, hindsight is a wonderful thing.

Let me tell you, not so many days ago if I had purchased in the Euro lottery Lucky stars 6 and 8 and main numbers 9,30,35,46................... etc.......

About an 18% dilution, the upside is that there will be a signed off Final CPR based on the new seismic and the new drilling before the next fund raise in Q4 2011. At that point it should be well in excess of 500 million recoverable barrels and RKH should be in excess of 2000p.

Investing with patience - they key to big gains. I am happy in a way in that so many people have now revealed themselves to be nothing more than traders or complete morons by their actions on various BB's, names noted for future ignoring :) Always takes a good consolidation to let the nutters and liars revel themselves.


cool runnings - 15 Oct'10 - 20:07 -

Merrill doing a placing of $150m at 275p a share! Share to rally so hard next week!