(RKH) Rockhopper Exploration
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Rockhopper Exploration ("Rockhopper") (AIM: RKH) is an AIM listed oil and gas exploration company based in the United Kingdom.
Rockhopper has licences to explore for oil and gas in the North Falkland Basin, a basin with two proven petroleum systems and a proven high quality oil source rock.
The company was admitted to AIM in 2005 and has since completed an extensive work programme in the area, including two 2D seismic surveys, a 3D seismic survey, four CSEM lines, site surveys and benthic sampling.
In February 2010, the Ocean Guardian drilling rig arrived in Falklands waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which is the first oil discovery and Contingent Oil Resource in the North Falkland Basin.
Visit the Rockhopper Exploration PLC websiteBuy UK shares for £1.50 with our regular investing service. Real time trading at £10.
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| 12:13 |
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See list of Substantial Shareholders on RKH website, which is updated after every holdings RNS:
http://www.rockhopperexploration.co.uk/rockhopper/investors/shares.html Holdings in excess of 3.0% are currently 56.4%. These lists are invariably 'Holdings in excess of 3.0%' and are not a Top 10 list. This % held by major holders has been steadily rising ever since the PMO Farm In. The FT list is at least a year or two out of date - either the FT data provider is not keeping their data up to date. Or, the link used, links back to a snapshot of historic data - despite the data sheet being a couple of years out of date, the software will usually datestamp it with the current date accessed. I have seen this very same 'Holdings List' quoted before and it is as wrong now as it was then! DEM |
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| 11:56 | ||||
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I've emailed the company for clarity, will post their response
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| 11:38 |
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looking forward to the process selection in H2.
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| 11:36 |
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its 56% and the company website is correct.
The link which was posted on xel might be right also because it only shows top 10 holders. I had same question in my mind when it was posted on xel bb so did a bit of looking |
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| 11:21 | ||||
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i am the walrus, no paul is haha ???? umpa umpa stick it up ya jummmper.... come on ROCK, lets' start to get the ROCK party going , bring some fresh air to this FI region again. My time is running out to party. lol
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| 11:19 | ||||
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i am the walrus, no paul is haha ???? umpa umpa stick it up ya jummmper.... come on ROCK, lets' start to get the ROCK party going , bring some fresh air to this FI region again. My time is running out to party. lol
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| 11:15 |
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yeah......fully with you on that one....ROLL ROLL ROLL PLEASEEEEEEEEEEE
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| 09:53 |
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according to co website as at 10th May it was 56.40%.
Unless Odey has sold its 10.10% in the last few days. Plus many Institutional shareholder with less than 3% I would suspect the Institutional holdings are well over 65% in total by now. Trade this long or short with an interactive markets spread betting or CFD account. |
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| 09:51 |
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Roll on 2017.
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| 06:49 |
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shares held by Institiutiona Investors
Just FYI http://markets.ft.com/research/Markets/Tearsheets/Business-profile?s=RKH:LSE link poste by theblue on XL bb KR dif New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Mon 21:05 | ||||
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Has been slowly creeping up. I think peeps are accumulating before results from the 3d come out and then rig news. Now must be the best time to buy.
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| Sat 14:35 | ||||
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Argentina = investment avoidance at all costs. They, like the Chavez thug, will become thieves and anti-capitalists. Argentinian corporations are all registered in Europe. Holding companies keep corporate wealth out of the clutches of volatile government hands.
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| Sat 13:42 |
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Well I thought things were bad in Argentina but after reading this I think they are going to get a whole lot worse.
http://www.strategycenter.net/docLib/20130513_LaC%E1mporaFINAL.pdf They are going to turn themselves into a Venezuela IMO - down the pan with no toilet paper! How can any company work within these constraints and be profitable in the long term? Chile, Uruguay, Paraguay surely need to distance themselves from this mess - Falklands Calling :0) Mke Trade this long or short with an interactive markets spread betting or CFD account. |
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| Fri 17:04 |
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Since the FSA was dissolved in April, responsibility for the Short Selling Disclosure List seems to have passed to the Financial Conduct Authority. See:
http://www.fca.org.uk/firms/markets/international-markets/eu/short-selling-regulations/notifications-disclosures and click on the 'latest spreadsheet' in the 'Short positions disclosed to us' box in the top right of the screen. You can then open and/or download the latest Excel report. The two tabs at the bottom of the sheet provide access to the latest daily report and the full historic data for all short positions notified - some of which will now be closed and others which are still open. As you probably know, holders have to notify the FCA whenever their short position alters - up or down - so in the 'Net Short Position' column it's the most recent figure given for each Position Holder which matters. (ie do not add up all the Short Positions notified !) Hope this makes sense. DEM |
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| Fri 08:15 | ||||
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Anyone selling sub 130 can only have
a) bought higher, know more than 130 can/will come so why choose to sell now. b) Bought before SL and has held all this time to successfully find the lowest low to sell, I think that unlikely. Back to a), I'm not saying people won't sell at a loss as people have different reasons for choosing or needing to sell, what I'm saying is that it won't be in sufficient volume for anyone to see 120, and definitely not KI's 110. --------------------------------------------------------------------------------------------- c) II VaR. How does that figure in the buying or selling pressure to drive price? New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Fri 08:06 |
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to resistance around the 138 area ???? Great R/R trade to be had at about a 5/1 ratio. KI
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| Fri 07:40 |
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| Thu 21:15 | ||||
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sheetface still alive then ?
and there was me thinking things was loooking up ! Trade this long or short with an interactive markets spread betting or CFD account. |
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| Thu 20:33 | ||||
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Macca some of the pbb boys were led like lambs
To the slaughter by the pied piper of Aberdeen Very costly lesson for some of them .he ramped up fogl on tora Then came the famous am out .done em like kippers... Warm regards Kk |
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| Thu 16:17 |
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" Meanwhile, the Falkland Islands Sea Lion project continues to progress with some 60 separate studies underway as part of the pre-FEED engineering phase to further refine the development concept. Premier expects to move into the FEED phase in 2H 2013 ahead of submission of the FDP to the Falklands government in mid-2014, as previously guided".
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| Thu 16:10 |
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TL1
I thought about value but thought that volume rather than value would be indicative of activity, as clearly trades by value reflect changing share values, and no two years would be necessarily comparable on the basis of seeing it from that perspective. But however, that info is available.Here is the link: http://www.londonstockexchange.com/statistics/historic/aim/aim.htm |
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| Thu 16:00 |
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Would be more interesting to see that in value rather than volume.... given that RKH, XEL etc. were worth more back then than they are now the increased volume could simply be a reflection in the collapse of the prices
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| Thu 15:31 |
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I had assumed, like I suspect a number of posters, that the quietness of bulletin boards, and the low volumes in the Oil and Gas AIM stocks I look at was a broader reflection of the malaise of AIM.
So I decided to have a look at some historic AIM statistics just to frame what the statistical view was. You may like me find the results somewhat different from what you might expect. Here are some stats... AIM: Volume shares traded (m's) Jan-Dec '12: 208,568 Jan-Dec '11: 176,871 Jan-Dec '10: 146,328 Jan-Dec '09: 205.706 AIM: Oil & Gas sector (m's) Jan-Dec '12: 83,386 Jan-Dec '11: 60,455 Jan- Dec'10: 40,568 Perhaps someone has a different view but I was quite surpirsed to volumes have been gradually rising for O&G stocks over the previous three years. Perhaps '13 will be a bad year for O&G? Also encouraging to see total AIM volume transactions coming back up from a baseline in 2009, having fallen by apprx 29% in 2010. No doubt someone will have a different take on the matter, and it would be interesting to hear their point of view.. Trade this long or short with an interactive markets spread betting or CFD account. |
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| Thu 14:38 | ||||
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So that share split makes the divi an equivalent of 20p per original share......imagine then what it would be if they were stripped of ambitions to grow the company, but just for it toi be used to distribute all their profit.....I think that's what RKH will become, but it's just my view on what might be.... coloured by how I'd like it to be as well !
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| Thu 14:30 |
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JBt was always hounded in the early days..... never see him now, shame as well.
================================================ TL1 jbt was hounded out by the pbb brigade...you know, the very one's who you apire to, Stu and BH & co..........most certainly a case of "this is my manor, gtf" IT SEEMS PEOPLE HAVE SHORT MEMORIES New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Thu 14:15 | ||||
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post below was meant to be in this thread...........
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| Thu 14:13 |
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Good post TL1, will be interesting how it pans out, especially after the next exploration campaign as Rocky may have resources back to what they were before we handed over our 60% of sea lion...
But just to give u info on the following... "PMO.. so far no divi, one promised, how big ? " This was in their March results "As foreshadowed at the Annual General Meeting in May 2012, the Board intends to propose a 2012 dividend of five pence per share, to be approved by shareholders at the June 2013 Annual General Meeting" Which is a cost to PMO of £26 million.. its a start i guess. Also dont know if many are aware, not that its a big thing but they did a 4:1 share split in may 2011.... as their share price was around £15 a share lol... Which i guess means they used to only have only 130million shares in issue... |
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| Thu 14:07 |
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Problem is there are far too many STUs and BHs out there.
------------------------------------- There was only ever one Stu, one Sans Serif, one BMU...... and there's definitely only one BH ! There aren't enough naysayers.... they normall have a message that involves sell, and therefore get hounded off the board(s) with abuse by the perma bulls going long for ever not realising theyve been shorted ! JBt was always hounded in the early days..... never see him now, shame as well. Trade this long or short with an interactive markets spread betting or CFD account. |
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| Thu 13:53 | ||||
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Problem is there are far too many STUs and BHs out there.
Happy |
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| Thu 13:23 |
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It was an expensive lesson, hopefully most of us have learned.... learned to listen to the likes of Stu, BH etc... to divorce emotions from investment, to make money rather than fall in love with a stock....
========================= fully endorse your comments from your post but the above is complete pony. wasn't it Stu and BH that was telling everyone when the price was at circa 180p that this will rumble to 250p in no time.... or were they hoping they could sway many readers on here to help their cause. Regards m45 New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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| Thu 13:08 |
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jhr.... most of us are guilty of greed wrt investments in the FI... greed and naievety for most of us, or for greead, perhaps read fear... as Stu has commented on the demise of ii in terms of numbers of people, its directly linked to the losses we've all suffered.... it seems the crash led many of us to believe that as shares were at there lowest if you were going to buy than was the time.... people thinking Lloyds and RBS were big banks at penny share prices... not realising they'd turned into penny share banks at penny share prices....
We concluded (rightly I think).... Oil can only go up over time, even with Shale, its use will increase as its supply diminishes, so we need to be into oil... with a wave of euphoric spending we piled into Rocky, Des, XEL, Kurdistan, Africa..... all of those stocks have made money, its just that most of us didn't.... I remember Rkh going from 54p to 540p in no time at all. Did I sell ?? a 10 fold increase and did I sell ? No... I happily bought more all the way down to £4... like loads of others. We posted on here pushing each other along.... 'you won't see these prices again' etc. We've all learned.... XEL sat above 400p, few sold... it went from 100 to 200 a while back, I did sell then but most didn't as with each rise they think...at last, I was right.... onwards and upwards.... look at GKP last year.. sub 200p to 400+ in no time at all on rumours of a bid... all egged on by Hub and his Hubknobs.... all talking with absolute certainty that a deal was done, it was just a secret.... still believing while it went from 400+ to back under 200..... It was an expensive lesson, hopefully most of us have learned.... learned to listen to the likes of Stu, BH etc... to divorce emotions from investment, to make money rather than fall in love with a stock.... If you haven't learned that lesson, then you haven't finished paying your entry fee yet..... |
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| Thu 12:50 |
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Interesting..... that says a few things..... Brazil adds itself to the list of SA countries ignoring Argentina's pleas... being that PMO are the vehicle that actually gets oil sold commercially from the FI they must be a bigger target for KFC than any of the RKH/DES/ARG minnos... and Brazil would have known that when it granted the licenses.
Following on from Respsol when Argentina successfully shot itself in the foot, it has reneged on debts to most countries, gets it Navy impounded, had an opportunity to talk foregn minister to minister with Uk and FI and refused... despite claiming it wants to talk... then the referendum.... people are fed up and not listening anymore... meanwhile Argentina goes slowly broke... again. Got to feel sorry for the people a bit....Brazil awarding licenses to PMO is a big snub. It will tell other companies they can get involved if they want to... I think tbh they've known that for a while, don't care about Argentina and have so far not got involved cos they just don't want to... imo It also tells PMO shareholders and the market in general that PMO have ambitions and can afford to bring SL on stream and continue exploring... implying for us that funding of SL to first oil isn't an issue |
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| Thu 12:45 | ||||
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In my opinion investing in the Falklands thus far has been a value trap for several reasons.
1) The original prospectuses and other materials were very optimistic. BOR in particular was supposed to producing oil by 2011. I do not make this up. Google: prospectus borders and southern, see page 36. RKH was relatively successful in finding oil and we have to wait to at least 2017 to see it come out of the ground (and probably later). In addition; some of the CoS figures that have made it onto this board have been very high historically - expectations of oil have been too high. 2) The required rate of returns that people have been using for valuations have been far too low. I often see NPV10 figures getting banded about. This has been totally unrealistic and led to oversized valuations and unrealistic expectations. 3) A lot of these companies have poorly raised funds with exception of FOGL. FOGL was making hay in the pre-Loligo excitement with equity raising and farm-outs. Other companies have paid the price of waiting and seeing. 4) FOGL for example have also wasted money on things like CSEM which has yielded questionable value to date. From my perspective we partially deserve the valuations we have at present. That said I continue to hold in hope of a brighter 2014. Kind regards Trade this long or short with an interactive markets spread betting or CFD account. |
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| Thu 11:34 |
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Looks like Brazil have just snubbed KFC!!!!!!!!
http://www.investegate.co.uk/premier-oil-plc--pmo-/rns/award-of-three-blocks-in-brazil-s-11th-round/201305160700178589E/ GLA |
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| Thu 10:03 | ||||
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Watching that now TW. If you look at the price action around the 141 resistance it's also an iH&S on the 4 h chart. Target of that is around 150 which coincides quite nicely with the descending trendline resistance. I think if we do break 141, then 150 would be a sensible target.
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| Thu 08:44 | ||||
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IMO the FI Gov should reduce the tax rate to boost investment in the islands. The tax rate should be tapered upwards after certain milestones are met.
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| Thu 08:41 |
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Thanks Marlon for a concise and reasoned summary, as usual.
So if you accept your assesment of the current situation the falkland island oil explorers find themselves in what is their next move and even more significantly how should we the long suffering shareholders respond. Should those explorers without exploration funding accept a deal on such poor terms as to make the whole venture pointless? I think not , so what does that leave you with? The answer I think is ,licence terms permitting, do nothing and wait , shoot and analyse your 3D, enjoy your generous directors salary. The PI is in the same boat (but without the directors salary)his options are the same as ever: Short - with market caps at net asset value or below it seems the value in shorting has passed. Through all this uncertainty one fact remains constant and thats human nature. Greed will return like the spring sun after a long winter of fear and the longer and harsher the winter the more ravinous the greed,I dont know when the snow will melt but when it doesit will be quick and you better be ready. |
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| Wed 22:34 |
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imagine rkh buy the shares back e.g. 85 to 100million shares and leave only 200 to 185million shares to take all the profits
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| Wed 22:12 | ||||
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we've always needed another oil strike, so if fogl do strike, that is excellent news. Until then we'll tread water until pmo get around to thinking about production whichis likely some time from now. If there is a which that pmo are serious then we'll rise, but the jury is out for the time being as far as im concerned. this feels like being on the back burner. Maybe also waiting for argy bargy to die down if cristina move on...
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| Wed 20:40 |
Buy
Re: Marlon....
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Thank Marlon, I understand your point but being the eternal optomist that I am I still can't help looking at the size of FOGLs acerage and expect that if they find any oil early on that the market will be falling over itself to lend them funds.
The northern basin occupied by DES, RKH and ARG just doesnt seem to interest any of the big oil producers anymore. I can only suppose that this is because the rewards don't out weigh the Argy Bargy issue or the remoteness issue. They came in on the original campaighn when that side of the island had plenty of potential but with every duster drilled the potential just got smaller and smaller to a point where RKH had to give away 60% to a relatively small player in order to get a farminee. Fogl has already signed up two major players and I'm confident funds will soon become apparant if they strike oil at Deomedia! New £5 frequent trader rate - trade UK shares, investment trusts and ETFs |
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