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.

Any more thoughts on RKH fund raising? Sp drifting to a level (78p) where buying in becomes ineteresting, though with cash call coming up, is that now factored in or more downside to come? Also possible that new shares will only be offered to existing shareholders, so having a stake now may be a good strategy.
Chart not much help, imo, as recent sp surge was mostly due to DES securing a rig.

as voiced elsewhere, i don't think there's any hurry to jump into these falklands stocks ..... thought they probably have long term potential, they all seem to need a further pot of dosh, and of course drilling doesn't even start until sometime next year ...... i still reckon that DES has to be the pick of the bunch, as where that sp goes, the others seemingly follow

Harry.......1 question where do you see RKH price in 6 months time?

I still think RKH are a bargain at this price of all the Falklands oilys

marky .... i know you are a great follower and researcher of these falklands oilies, but are you saying that you reckon RKH is the best of the bunch, given the info currently to hand, rather than what might be?

Marky, I want to be in all three, as I was quite a while back, but obviously I want to buy at the best possible price.
I have no idea where the sp will be in 6 months time. Depends on a huge number of factors (price of oil, political stability in South America, weather, rigs, cash, force majeure etc) but once the rig is on site the hype alone will take this (plus DES & FOGL) up 50%, imo. After that the drilling results are going to be the deciding factor.

at the end of the day, drilling results are about the ONLY deciding factor

Harry 50% is a very modest figure,when the first drill bit goes in to the the ground Desires share price will be between 3.00 to 5.00, now if they hit oil then that is another ball game and I have a figure of my own where I see the share price depending on how large the field is.

Oreil securities went in to it in a bit more detail and said for every billion barrels found would put 24 on the share price!!! but one thing for sure any oil found in commercial quantity will put a premium on all other undrilled prospects in the ground and at the moment your scratching the surface as the acreage Desire and RKH hold is huge.

Cynic I think Desire are the best of the lot but for value at this present time I go for RKH but a lot can change as we still don't know who RKH farm in is now if it was shell where would the share price be tomorrow?

on that basis, given that there is already sufficient "gamble" in everything, i would still plump for DES

just as well i bought in at 8p then!!

ah, but then you are a very clever chap!

Well done to the FT getting it total correct on the 20th October about Desire now are they correct about RKH!!!

http://www.ft.com/cms/s/0/fc5dfe7a-bea1-11de-b4ab-00144feab49a.html

Placing puts a hold on Desire
By Neil Hume and Bryce Elder

Published: October 22 2009 03:00 | Last updated: October 22 2009 03:00

Desire Petroleum was in focus yesterday as its shares eased 0.6 per cent to 84p after the Falklands oil explorer announced plans to raise up to 62m via a placing and open offer at 70p a share.

The funds will be used to fund Desire's drilling programme.

Traders believe Rockhopper Exploration , another Falklands explorer, is set to announce a 50m equity fundraising. Its shares added 1.4 per cent to 74p.

The money raised will have to be at a big discount to the actual sp because they are dependent on DES for the rig and will only be allowed to drill their wells after Desire Petroleum have spud at least 4 of their own : that will take some time....so at a guess a placing at 55p or so ?...and it might drag the sp lower afterwise.

"Rockhopper Exploration plc (AIM : RKH), announces that it has conditionally placed 92,592,593 new Ordinary Shares at 54p per share through Canaccord Adams with institutional investors and certain of the Company's shareholders to raise 50 million before expenses. The Placing Shares equal 115 per cent. of the Ordinary Shares currently in issue. The 54p placing price represents a discount of 16 per cent. to the closing middle market price for an Ordinary Share on Friday 23 October 2009. The Placing has not been underwritten.

The Placing is conditional on (i) the passing of a Resolution at a General Meeting of the Company authorising the allotment of the Placing Shares under the Placing, (ii) the admission of the Placing Shares to trading on AIM becoming effective by 9.00 a.m. on 13 November 2009 (or by such later date or time as the Company and Canaccord Adams may agree), and (iii) a placing agreement dated the date of this announcement between the Company and Canaccord Adams becoming unconditional in all other respects by the same time."

Blast it ! 1p out by my guess...

http://www.investorschronicle.co.uk/InvestmentGuides/Shares/article/20091106/a36a1bd4-c9f8-11de-8483-00144f2af8e8/Striking-new-oil.jsp

Striking new oil

A remote gas discovery needs to be even larger to make viable the costs of developing infrastructure or LNG facilities to commercialise it. For example, Rockhopper Exploration's Johnson structure in the Falklands is estimated to hold a contingent resource of 1.6 trillion cubic feet of gas, yet it is not yet considered commercial given its remote location. However, being able to combine it with any drilling successes in the Falklands next year could change all that.

All is going well and RKH are looking very good value at moment.

12 November 2009


Rockhopper Exploration plc

50 million share placing - all resolutions passed at today's General Meeting and assignment agreement with Desire Petroleum Plc ("Desire") and Diamond Offshore Drilling (UK) Limited ("Diamond") signed today

The Board of Rockhopper Exploration plc ("Rockhopper") announces that all the resolutions in its notice of General Meeting dated 26 October 2009 were passed earlier today.

The 50 million share placing at 54p per share announced on that date remains conditional on the admission to trading on AIM tomorrow of all 92,592,593 new Ordinary Shares that are subject to the Placing and on the placing agreement between Rockhopper and Canaccord Adams becoming unconditional tomorrow in all other respects.

It is expected that the share placing will become unconditional and the admission of such new Ordinary Shares to trading on AIM will become effective at 8.00 a.m. tomorrow.

Further to Rockhopper's announcement about the share placing dated 26 October 2009 ("Placing Announcement"), the Board of Rockhopper confirms that the assignment agreement ("Assignment Agreement") between Rockhopper, Desire and Diamond in relation to the rig services contract between Desire and Diamond has today been signed by each of the parties. The Assignment Agreement remains conditional on Rockhopper depositing in an escrow account certain amounts to be paid by Rockhopper for two of Desire's rig slots. Further details of the proposed drilling campaign are included in the Placing Announcement.

http://www.oilvoice.com/n/Rockhopper_Reports_Interim_Results/0c5582743.aspx

Rockhopper Reports Interim Results
24 November 2009

Rockhopper Exploration plc, the North Falkland Basin oil and gas exploration company, announces its interim results for the six months ended 30 September 2009.

- 50 million equity placing completed
- Rig signed for North Falkland Basin campaign
- Fully funded to drill two wells 100%
- Fully funded to participate in three further wells
- Drilling campaign due to begin February 2010

Rockhopper Exploration's Chairman, Dr. Pierre Jungels, said;
"I am delighted to report that we have recently achieved the two important steps in our mission to explore for oil in the North Falkland Basin: securing both a suitable drilling rig and raising the funds to finance our participation in its activities.

The next 12 months looks set to be the most exciting period of activity since Rockhopper was formed and we are looking forward to being able to report the results of our drilling activities during the course of 2010."

Financial review for the first half of the financial year
The group has incurred a loss for the six month period to 30 September 2009 of $1,259k ($1,183k: 2008) which equates to a loss per share of 1.56 cents (1.50 cents: 2008). The loss has increased over the comparative period primarily as a function of an increase in administrative expenses. Administrative expenses rose by $493k from $1,063k to $1,556k, this increase relates to higher salary and bonus expenses.

The share based expense of $159k compares to $469k for the previous period. The decreased charge reflects the recognition in the comparative period of all the remaining cost of the third tranche of options that vested on 15 August 2008.

Finance income for the period fell to $28k ($195k: 2008) due to the reduced rates of interest earned on the funds on deposit and actual lower funds on deposit.

Group net assets have decreased by $1,100k since the year ended 31 March 2009 mainly due to the losses incurred.

Financial outlook for the second half of the financial year
The financial outlook for the second half of this year will be focussed on preparation for the 2010 drilling campaign.

Following a successful placing, the company received 47m, after expenses, on 15 November 2009. The expected use of funds is set out below with the balance available for related costs, such as insurance, additional contingency or working capital as required:

m
Net Placing proceeds: 47
Allocated to:
Mobilisation/Demobilisation: (10)
Drilling Prospect Sea Lion (100% interest): (16)
Drilling Prospect Ernest (100% interest): (13)
Drilling Prospects Liz, Ann & Ninky (15% share of costs): (6)
Remaining balance: 2
Pre-Placing funds held: 3
Unallocated funds held on 15 November 2009: 5

Financial considerations for the campaign will include planning for foreign exchange, cash flow and liquidity.

Outlook
During 2010, Rockhopper will be participating in five wells; two wells on 100% Rockhopper acreage and a further three wells paying 15% for a 7.5% working interest.

Rockhopper have provided for the anticipated costs of these wells, including contingencies, with their recent equity placing to raise gross proceeds of 50 million. This drilling campaign represents the culmination of the extensive technical work undertaken since Rockhopper was founded in 2004 and is an important step in the growth of the company. Rockhopper's partner, Desire Petroleum, is also drilling a number of wells using the same drilling unit. During the overall campaign, which is likely to comprise a minimum of eight wells, a number of diversified prospect types will be drilled in order to maximise the chance of success.

Rockhopper have appointed AGR Group, the largest independent well management group in the world, to manage the company's share of the drilling campaign. Rockhopper hope to complete the entire planned drilling campaign during 2010 as most of the wells have been designed to be drilled in approximately one month or less.

Press Release




For Immediate Release: 27 November 2009




Rockhopper Exploration ("Rockhopper" or the "Company")




Rig Update




Rockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce that the Ocean Guardian drilling rig departed from the Cromarty Firth in Scotland at 2.00pm on Thursday 26 November en route to Falkland Island waters.



The journey is anticipated to take around two months with the rig expected to arrive in the Falklands ready to commence drilling around early February 2010.

Hybridan's Small Cap Wrap - 30-11-09


Rockhopper Exploration (RKH) [54p/93.48 million]

We write for the second time on the North Falkland Basin oil and gas explorer which recently announced a placing to raise 50 million. Last week it had two announcements: its interim results for the six months ended 30 September 2009 and that the rig had left for the Falklands. Notably in the period and after the period end, it signed its rig for the North Falkland Basin campaign, is now fully funded to drill two wells for its participation and is fully funded to participate in three further wells.

Its drilling campaign is due to begin in February 2010. The group incurred a loss for the six month period to 30 September 2009 of $1,259,000 ($1,183,000: 2008) which equates to a loss per share of 1.56 cents (1.50 cents: 2008).

The loss has increased over the comparative period primarily as a function of an increase in administrative expenses, which relates to higher salary and bonus expenses. The financial outlook for the second half of this year will be focused on preparation for the 2010 drilling campaign. Rockhopper Exploration also recently announced that the Ocean Guardian drilling rig departed from the Cromarty Firth in Scotland on 26th November en route to Falkland Island waters.

The journey is anticipated to take around two months with the rig expected to arrive in the Falklands ready to commence drilling around early February 2010. Rockhopper Exploration's Chairman, Dr. Pierre Jungels, said: "The next 12 months looks set to be the most exciting period of activity since Rockhopper was formed and we are looking forward to being able to report the results of our drilling activities during the course of 2010." Definitely one to watch, as it should provide positive news flow.

http://www.prweek.com/news/973006/City---Corporate-Week-City---Corporate/

Rockhopper Exploration, the AIM-listed oil and gas exploration firm, has brought in M: Communications on a retained financial communications brief. The firm previously used Aquila Financial and is the largest licence holder in the North Falkland Basin. It expects to start drilling in 2010.