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.

Sea Lion alone, flow tested at the current P50 is worth 720p in the ground.

That excludes cash, Ernest, all other prospects etc........

Simple patience, wait, hold fully paid for stock and big rewards are coming.

Do not forget, all the same names were agreeing to sell at 90p, and again at 180p, and at 230p...... they were all wrong before and will be wrong again.

pp don't forget the environmentalist lobby, revised regulation is likely to affect future drilling.

halifax, RKH are not drilling in the GoM or the USA.

Barrack Osama can scream all he wants, the rest of the world does not care at all.

exactly so, and though south atlantic is a very harsh master indeed, the wells are not deemed to be that deep - and it'll be 5 years before any oil starts flowing

Brought some more today. Was keeping a pot of money in case the likely FOGL duster happens and there is a RKH dip for an hour or so, but then given I will probably miss a short term dip I decided to spend half the pot now and buy more as its back near 280p again.

pp you appear to have forgotten the penguins also known as rockhoppers! Ignore environmentalists at your peril.

sp slowly slipping.

If FOGL hit a duster, RKH will briefly take a hit, imo. Am thinking of putting a limit buy on the system, but can't decide the correct price. Maybe somewhere around 240/220p. If FOGL hits a gusher then it won't trigger anyway. Am unfortunately locked out of FOGL as not prepared to buy at 198p, so this seems the best way of taking advantage of possible bad news.

Halifax your deramping the wrong share it should be your BOR shares as its targets are all deep water and need a drill ship or rig that can drill to those depths.

Maybe why they have no EIS as they are not going to be able to drill hence the shares in BOR should be worth 2op

Harry

RKH have hit oil and FOGL hitting a duster will do little to the share prices as it means its coming to RKH to flow test or drill Ernest next which means the share price will rise.

Trying to deramp this share makes you both look foolish.

marky can't speak for harry but our opinion is some profit taking would be sensible after such a rapid rise in the sp,as you will no doubt agree there are still many questions to be answered. There is some potential upside but we would rather have some profit in the bank than risk a costly disappointment.

marky, I have never deramped a share & I take issue with your accusation. You have a vested interest in RKH & you are not therefore impartial.
I stand by my theory that any duster in the Falkland area has a temporary knock-on effect on all Falkland drillers. Should FOGL drill a duster I think DES & RKH sp will take a very short term hit. If that is the case, I will take that opportunity to buy more shares in those two.
As for looking foolish, locking a great deal of cash in to an oil driller over a period of years, if not decades, is very inadvisable, imo. You got lucky & I bet when DES hit their first duster your buttocks went into overdrive clench mode. Spread the risk has always been the sensible advice from seasoned investors.
Also, I still hold some RKH shares from 58p, so deramping is not in my interests.
marky, I assume you backed Spain in the W/C, which is why you are p*ssed off?? ;o)

Harry it was only a few days ago when RKH raise 48.5 million at 280 pence per share to Institutional Investors and the share placement was three times oversubscribed.

Now am sure these guys would not subscribe to this share if they thought the share price would drop to 2.20p hence they took the offer of 2.80p.

RKH is a done deal in my case there are two stages which will increase the share price Sea Lion a flow test then an appraisal and updates on the size and flow rate then the share price will be between 5 to 8.

Then you have the drilling of Ernest in the next 20 days so Harry talk of 2.20 a share I find foolish.

Halifax you are correct a profit is not a profit till its banked .

Spot on marky....what do those soft Southerners know!

I agree with Harrycat re 'any duster in the Falkland area has a temporary knock-on effect on all Falkland drillers'.
Its the same with most industries. If one takes a knock, there is nearly always an adverse effect on those related. I also agree that any 'Duster' effect on RKH would be short term. But as to RKH dropping to 240/220, I doubt it, but share prices in oil explorers are very fickle, so it could possibly happen, with the proviso of the Sea Lion results coming in after any Fogl well disappointing results.
I like all of us are waiting for the 'Final' confirmed results re Sea Lion and although if they are as expected the sp will no doubt increase by quite a margin, I am not one to speculate a given SP. I do though expect a rise of at least 50%, and that is before they start on well number 2.
Interesting times!

Soft Southerners!!!!!!.......Don't get me started! ;o)

greekman the next news will be oil quality news. It might please some and might put 10% on the price, but thats about all.

Flow test Sea Lion should add 100%.

The flow test will also allow them to "resize" the find and working with that data we might get another "upgrade" to the recoverable figure..... that should add lots more too depending on the news.

If flow test is good and size is upgrade there is no reason not to see 150% to 200% from todays levels....... and that is ignoring Ernest and the other prospects too.

So much upside to come.

Remember, most people here were screaming sell at 90p and 130p and 180p and 230p......

They were all wrong, I have been correct so far.

Lets see if that continues :)

OH BULLY FOR YOU !!!!

PS, my target is 900p end of year if Ernest is a success as well.

:)

On to the FTSE 250 goes RKH, and in piles the ISA and big institutional monies....... (the ones who are not allowed to buy AIM listed stocks, but can buy FTSE main market ones :)

seem to remember that was supposed to propel AFR into orbit.......and look at it now.....no change!!

not sure why this current handbagging, but i am more than happy to be o'weight in AFR even though it has been disappointingly dull for the last couple of months

to my mind, the falklands stocks are somewhat emotionally driven at the moment, though we kbnow for certain that RKH has found some decent oil, and perhaps an awful lot of it .... in the immediate future, the sp's course will be quite heavily influenced by the success or otherwise of its sisters and cousins