Rockhopper shares?
Discussion
A couple of friends of mine have invested heavily in Rockhopper shares, and obviously have done pretty well out of them. They both sold, but have bought back in recentlty, as they are making an announcement soon about the quailty of the oil they have found. Is it worth a punt do you think ,or is the deal gone already?
Mates recon that they could well double again or even more?
Mates recon that they could well double again or even more?
I am merely an interested observer, unfortunatly I have no insider info 
, but I have a small amount invested at the moment, but wondering if it's worth sticking a bit more in. I can't see them saying it's crap, but even if it is, they have another 15 wells to drill I believe? So was thinking even if this drill turns out to be bad, just hold for a while.
, but I have a small amount invested at the moment, but wondering if it's worth sticking a bit more in. I can't see them saying it's crap, but even if it is, they have another 15 wells to drill I believe? So was thinking even if this drill turns out to be bad, just hold for a while.
http://www.google.co.uk/finance?client=ob&q=LO...
Ouch.
ETA http://www.sharecast.com/cgi-bin/sharecast/story.c...
Ouch.
ETA http://www.sharecast.com/cgi-bin/sharecast/story.c...
Edited by jon- on Wednesday 2nd June 13:44
I nearly sold when it was down at 160p today, but it's now up above what I paid so I'll hang on until I actually see anything to explain the drop. At the end of the day it's only a couple of grand of shares......or another vanos failure on the BMW.
Back up to 230p already.....looks like a really odd blip.
Back up to 230p already.....looks like a really odd blip.
Edited by DavidCane on Wednesday 2nd June 13:55
Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, notes the significant share price movement today. Rockhopper is not aware of any reason for this movement but makes the following update:
Work is continuing on analysing the results of the Sea Lion 14/10-2 well and is expected to be concluded shortly. The Directors have no reason at present to believe that the outcome of the analysis will not meet their expectations as regards to potential resources.
As regards oil quality, there has been a delay in returning a sample to the UK due to air transport logistics difficulties between the Falkland Islands and the UK and subsequently clearing Customs. The sample is however now in the UK and analysis will be underway very shortly. Nevertheless, a sample of oil from the shallowest oil sand in the well was subjected to a preliminary test in Stanley and this indicated a medium grade crude, broadly in line with the Directors' expectations, with an API of 26.3.
A further announcement will be made when the full results are available which is expected to be in the next few days.
Work is continuing on analysing the results of the Sea Lion 14/10-2 well and is expected to be concluded shortly. The Directors have no reason at present to believe that the outcome of the analysis will not meet their expectations as regards to potential resources.
As regards oil quality, there has been a delay in returning a sample to the UK due to air transport logistics difficulties between the Falkland Islands and the UK and subsequently clearing Customs. The sample is however now in the UK and analysis will be underway very shortly. Nevertheless, a sample of oil from the shallowest oil sand in the well was subjected to a preliminary test in Stanley and this indicated a medium grade crude, broadly in line with the Directors' expectations, with an API of 26.3.
A further announcement will be made when the full results are available which is expected to be in the next few days.
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