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.

Good result for RKH, bad news for DES.

Only gas for DES and now no money to drill and no rig.

Thats the end of the of North Falklands now, I would imagine a steady stream of selling now in the days and weeks and months ahead.

is that really right? ... if so, am very surprised the market hasn't registered same as DES are currently well ahead - at least in % terms

DES will be pumpy dumpy as usual.

Wait a few days and then see how the price rise (or fall) works out.

I do not think RKH will pass the 300p level I sold out at way back.

yes we all know your view on RKH, for you have told us about 30 times so far
as for DES, i do not hold so have not great concern, but if your allegation about "gas only" is correct, how come sp is currently +12.25%?
either the market is very stupid or you are and i know where i would place my money

heeeee,he has me on filter which means he cant see my thread but some how he can post his rubbish on here......Pro you got it wrong very wrong.

Desire and RHK have found oil ...BOR and FOGL have not. of course FOGL and BOR will go up nearer the time the safe money will stay where the oil is, waiting for the CPR and farmin partnes.

Pro read it slowly so u can get your brain round it instead of been bitter about some good news

Desire has a 40% in the well and its Shona prospect is referred to in the Rockhopper announcement.

Rockhopper said that wireline logging and formation test data indicate that all four targets are hydrocarbon bearing and no water wet sands were observed in the well.

I would say the pumpy dumpy muppets are very stupid.

Watch what happens to the DES share price in the coming days - the stupid will look stupid if the price is below the present 28p.

We shall see who is stupid will we not.

Pro you cant even be happy for any one holding this share, then you start making false claims they have no oil just gas.....move on get a grip and get a life.

I am happy what i hold in Desire i bought some big chuncks at 23p which i said on the thread i have sold a few first thing this morning i still hold a large number.

Another good result.....this should be way over 4.....so frustrating......

Now you see cynic with regards to the DES price.

Was not me who was stupid, but the mug punters this morning who brought shares in DES, a company with no money to drill, no rig on contract and little hope of raising funds at a decent price in the future.

but they have oil.......sour grapes it sounds to me,both myself and RF bought in at 11p a few months back i re topped up at 23p......am happy pro so what you bleating on about.

Marky, lost the grip of this one, whats next for rkh and time scale?? please.,.

Balerboy am not sure there might be some updates on technical things also the data room opening up for potential farm in partners on my wish list I am the waiting of the CPR report in the first quarter of 2012.

Brokers notes

Rockhopper Exploration (LON:RKH) - the operator with 60 per cent - and Desire Petroleum (LON:DES), which has a 40 per cent carried interest, revealed today that the final well in the North Falkland drill programme was a success.

The well has penetrated all four reservoir targets and wireline logging indicates that these reservoirs are hydrocarbon bearing. The reservoirs were both appraisal and exploration targets.

Evolution Securities analyst Keith Morris said there is no doubt that well result should drive Rockhoppers net asset value higher. In a note to clients today the analyst repeated a buy recommendation and upgraded his price target from 450 to 540p a share.

Meanwhile with a focus on Desire, Seymour Pierce analyst Brendan DSouza said it was a great boost. He says the result significantly increases Desires chances of farming out additional acreage and raising capital to ensure further drilling.

Elsewhere, analysts at Oriel Securities highlighted that Rockhopper shares are currently trading at a 70 per cent discount to net asset value. And the broker expects to upgrade its NAV estimates once further details on Casper and Beverley become clear.

that surely still makes DES a marginal play and my advice would be for you to book about 80% of your paper profit there

DES red today and continuing down now.

No money. No rig. Some gas.

cynic, its clear now who were the stupid ones yesterday............certainly not me :)

you miss the point - i don't hold and wouldn't buy DES as i think it's marginal and very much dependant upon RKH success .... my comment to you was in regard to your daft comment that DES had only found gas and water - or in your case, hot air :-)

Well said Pro - how do you do it?
I'm delighted to hear that you are the only person 'in step'. How I envy you your forsight!
How do you find time to cast your pearls before the swine on this thread whilst making so much money?

Without causing any trouble....Prosels has got his or (her) timing wrong too many times......too many ramps and not taking profits....booooouuuhhh...

RF, no, my timing was correct more often than not.

I remember you and cynic selling RKH at 90p and screaming it was over valued, as it continued upwards to 500p at the very highest level of its spike :)

Nobody gets it right all the time, but some do get it right more often than wrong ;)

i don't recollect selling at 90p but certainly not impossible .... however, as i trade as well as hold, it is certainly certain that i bought back in too

DES continues down.

I do feel sorry for anyone ramped into buying the nonsense earlier this week.