.

Mr P - having been singularly selective with your posting, perhaps you'ld like to remind us all of what the rest of the announcement had to say

Not sure why anyone would wish to try and enter into any sort of sensible discussion with this serial ramper, it wasn't so long ago he posted this:

Proselenes - 21 Feb 2011 15:55 - 156 of 561
Well, I am now pretty much "all in" RKH after selling other stocks and buying even more.

If the next 8 to 10 wells they have the funds to drill all fail, I shall lose a couple of hundred K.

If the next 8 to 10 wells strike lots more oil, I will walk away with a 7 figure pure profit.

These kind of fully funded chances do not come along too often, you have to grab them and either make a name for yourself or go down in flames with a smile on your face for having a go.

I am having a go and fully prepared to lose, and also full prepared to accept a win if it happens :)

His last top up was at 250p ish at the time of posting. Whilst I have no problem with anyone changing their stance on a stock, it's clear the comments above were nothing more than blatant ramping, so much for hanging in their for a 7 fig profit - PMSL.

You'll find with most of PapalPowers / Pros ramps, once he's out, he's most likley to turn against what was once his favourite stock; probably because the ramp went wrong.

Edit: Incidentally there have been a number of posts about this character on other financial BBs - none of them favourable.

cynic, read the thread, I have said the main fan is good news all along.......... strange how blind people are.


Proselenes - 09 Aug 2011 07:19 - 548 of 562
mnamreh, no.

Its good news on the main fan, but its bad news on the lower fan.

Lower fan is water wet and no oil shows - as per the RNS.

So its good and bad all in one.

Its hilarious, I sold out at 300p and now because the price has risen from 140p to 200p I was wrong for selling at 300p.


Errrrrrrrrrrrrrrr - whatever.

You must have sold in February then. That was the last time RKH was 300p.

Unlikely.

Looks like the short term trading rampers are all exiting RKH now..........

Countdown is underway, less than 9 months until more funds are needed. Which means you have to take any broker target with a large pinch of salt as you must dilute it by future fund raising.


Note from Matrix:

Sea Lion step out success well #6 finds oil outside the low case reservoir estimate. Well 14/10-6 drilled offshore the north Falkland Islands as a westerly step-out of the Sea Lion field found 36m net good quality reservoir (average porosity 22%) and filled to spill. Importantly, pressure information indicates that the reservoir (the Sea Lion Main Fan Complex) is in communication with wells 2, 4 and 5 on the field, which should enable a simpler, quicker and lower cost development. The well also encountered a lower sand package of similar quality, though water wet. Rockhopper believes that this sand has the potential to be water bearing elsewhere in the field.

The rig will soon move to the next drilling location, designated exploration well, about 3.3km to the northwest of the Sea Lion discovery well #2. Following that there will be at least two further wells in this programme. We estimate that Rockhopper, which is spending about $0.8m/day on the drilling programme, should have sufficient funds to last until late Q1 2012.

We see this as an excellent result for Rockhopper, increasing the overall size of the field, expanding the low-case reserves, and confirming reservoir communication. Although much work is still needed to integrate the results with the 3D seismic data, it seems reasonable to assume that the low case could now be some way north of 200 mmbbls. In the absence of this reserves/resources update we maintain, for now, our 400p price target and BUY rating.

For the RKH longs :

http://www.proactiveinvestors.co.uk/companies/news/31824/merchant-securities-reveals-its-top-picks-for-the-downturn-31824.html

.

Something for RKH longs :

http://www.mediafire.com/?huaaaprk2cqxvg2

.

If you want the full FD update on RKH its on the link below :

http://www.mediafire.com/?95n5hhiz99ia77x

.

.

The new presentation (on a new link I put up that should download faster than the company website - took me ages to download it this morning).

http://www.mediafire.com/?us2dbvy3ht1syu5
.

Pretty much as I intimated earlier on the 14-10/6 results.

The loss of the lower fan (being water filled) has meant the low case has not gone over 200 MMBO.

Based on the low 608MMBO OIP with 30% recovery that comes to just over 180MMBO recoverable.

Shame really, if the lower fan was oil filled and not water filled then RKH would have been over 200MMBO recoverable low case now.

Needs more drilling and good results to get there now.

Post from the other side............





Pro_S2009 - 16 Aug'11 - 01:09 - 27035 of 27035

mariopeter, if you add 1 Billion pounds of development costs you will see why the market cap presently is about right.

This, and the fact they will run out of money end of Q1 2012 at present spend rate, is what is holding the share price back.

However, its not doom and gloom, you carry that Billion pounds cost over, however each successful drill from now on will boost the low case up and make the project more and more attractive, and so little by little the share price can move with the success.

I would guess they are looking to raise cash with the new CPR in Q1 2012, more than likely at around the same 315p as before, maybe a bit higher - this time with new participants (like Singapore etc..)

Some people will of course not like to hear that and start being abusive to me again, but I think I will not be far out with my estimate of around 315p to 335p for a placing for more funds along with the CPR early next year.

Not a bad way to make what should be a risk free 30% to 40% gain in 6 months.

That is the key thing here, low risk plus decent gain, it will attract more "stable players" and not attract those looking for big quick gains, the hot money if you like. This is why you are seeing the likes of the Singaporean sovereign fund buying in, they prefer low risk decent potential investments, and will likely be a major participant in the placing early next year.



mariopeter - 15 Aug'11 - 13:17 - 26990 of 27034

Our new minimum STOIIC puts an NPV of the project (dcf 10% and oil price of $70) in excess of $2500m or 1500m stg. AT todays share price you can buy the entire company for 600m. 1500m stg That was today's new MINIMUM STOIIC and ignores new exporation potential. Use median case and the project value is probably 4000m stg.

Why the huge discount?

Political risk in Falklands
General market risk
Oil price fears
Not a perfect market so this information not known
Lack of faith in management and waiting for CPR
Lack of sentiment at least until BOR get stuck in in the South.

Don't know really but I feel sentiment is the problem. The market cannot continue to ignore all of this good news forever.


Chart shows a breakout north if we close at these levels or higher for 2 days.

wynonie, a good question, and for the record I have in fact sold more RKH to buy more FOGL and others. So my holding is greatly reduced in RKH now from the 50% it was reduced down after flow test
Taken from motley board 6.8.11

Proselenes - 10 Aug 2011 03:24 - 564 of 574
Its hilarious, I sold out at 300p and now because the price has risen from 140p to 200p I was wrong for selling at 300p

Pro you talk utter tosh and lie through your teethyou sold half your holding at a price between 2.70 to 2.30 the rest of your holding you sold when the market collapsed I expect so under 2 so after ramping this share since New Year when you bought at 3.60 you have lost a packet.

A disgrace to the boards instead of using your name to de ramp the share your using mariopeter I hope every one who reads your thread see you as the fake and utter bull shi**er you are.

There are a lot of people desperate to ramp RKH at the moment. Its not a rampable share now.

Slow and steady it is - the excitement is all over for now, its just like any most other stocks now, much lower risk, much less reward potential short term.

The rampers appear to be hitting their head against a brick wall and are not intelligent enough to realise whats happening.

When it was 38p when I purchased in first it was a great share with massive potential - most of that is used up for now.

Its even got so pathetic on ADVFN that I said the share was now steady, low risk, perhaps 30% gain in the coming months before a big placing in Q1 2012 when the cash runs out.

And for saying it will rise 30% in 6 months - I got called a deramper......... LOL :)

Lots of emotional muppets in this stock now, have not got a clue but ramping it hard.........

36p.......rubbish 3.60 at New Year when he sold everthing to buy RKH

They have 3 more drills back to back to drill there is only one muppet not holding just deramping trying to get back in after selling at the wrong time as its doubled since he sold........muppet pro

Looking back its been a long ride since those 38p days.

Not many people were long back then in RKH, only me and a few others of the BB posters. Lots came in after the news, but there were few of us here before the big news back in May 2010.

I still remember posting the RNS of the big oil find. Those were the days, me saying not to sell and many others posting how they sold at 60p or 90p LOL :)

http://www.moneyam.com/InvestorsRoom/posts.php?tid=8509&from=597


All out of RKH at the moment - not going to buy back in either - there are much better potentials out there for big gains in the short term - RKH is now low risk with perhaps 30% gain in the coming 6 months.

Not attractive to me.