Rockhopper Exploration Forum

Falklands

I do think its a matter of timing totally here with all

Ta. These boards are a better place for a sensible chat IMO, probably because they are quieter.

You make a good point Noddy, nice to have some sensible points being made here in comparison to LSE where any conflicting views are mocked. It will be interesting, as you say FOGL hasn't moved yet which either means it's a buy at this level or RKH is due a retrace. Im

Brent just hit a new 4+ year low this second. If RKH rallies much more on this I'd be tempted to trim any position and buy more later on the retrace. Caveat is price may rise into drilling campaign, but FOGL hasn't shifted yet, so it's probably safe to do so.

He is indeed and I love RKH, but the whole sector is getting whacked and Brent is not long for sub $80. This is great news for RKH, but it will have a half life, perhaps a short one and the decline will resume. I expect drilling next quarter to have a positive impact. I don't expect a recovery in the oil sector yet as the world economy is heading for a big recession.

cost per barrel = $35

ROGK is spot on. Noddy please see his posts on III

No revenue for 5 years and Brent about to drop through $80. Wow!

I think with the uncertainty surrounding oil prices, the scale back was to be expected somewhat. Who knows what will happen between now and then, oil prices could, and in my view, will rise thus allowing them to make adjustments. Not having the need for a 3rd party is a huge boost