Just woke up!! lovely to see! Rockhopper have announced their flow test went perfect, oil is all commercial and will flow at min of 2300 barrells a day! (this is based on usuing old equipment) and will only get better.

I guess news was filtering back this week thats why the price was drifting up!! great price now for desire and RKH for those that got in cheap. Des now have 4 drills on the spin and this could be the only time you see the price this low!! (fingers x)

Excuse any errors quick reply on phone before off to bed!!

Well, it seems a lot of big brokers have recently changed desire to a strong buy! With the end of rockhoppers well test coming to an end in next 3 weeks, desire get the rig for 4 consecutive drills without actually having to raise any more funds! The first being the Rachel well in a proven working system in the north east basin! The upside of desire now is pretty big on 1 strike, 2 is huge! So looks as though some big players are coming in!! I don't imagine it will keep going up & up, but taking the swings & if rkh well test is positive then we slowly go up

Personally today I have  purchased another 12,500!!!! So I'm in for the ride good & proper now!!!!

Not really talking about oil tbh. Am interested in other industries that might be affected by the potential upcoming union strikes............
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Ah ok mate, I know a good city, I can get his opinion on it tomorrow or later this evening! will post what he says if it helps!
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Yes please............
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ok that was quick - this is what he said :

will union strikes effect companies share prices in general?

9:20pmTim
Not much

One days loss of earnings doesn't translate to much

9:21pmMe
??

9:21pmTim
Won't affect speculative stocks pharma, oil and gas etc

9:21pmMe
yeh

9:22pmTim
Union strikes short term, might hit retail, manufacturing etc

Won't affect financial services

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I'll try and get him to come on and explain more!

The strikes could effect RKH and DES but only very minor, as in day traders forcing the price a few % down. However as the production of the oil in the falklands is a while away, the major increase in price will generally be based on the results of the drills to find out what exactly they have there. Rockhopper went from 10p - £360 in no time at all. If the well test (which is happenign right now) comes back ok, and then they do an appraisal well, the price will boom regardless of any strikes etc!

Des will pick the rig back up end of sept/early oct and then keep it for 4 wells, good time to be getting into desire now if you're not in!!

Not really talking about oil tbh. Am interested in other industries that might be affected by the potential upcoming union strikes............

Ah ok mate, I know a good city, I can get his opinion on it tomorrow or later this evening! will post what he says if it helps!

The strikes could effect RKH and DES but only very minor, as in day traders forcing the price a few % down. However as the production of the oil in the falklands is a while away, the major increase in price will generally be based on the results of the drills to find out what exactly they have there. Rockhopper went from 10p - £360 in no time at all. If the well test (which is happenign right now) comes back ok, and then they do an appraisal well, the price will boom regardless of any strikes etc!

Des will pick the rig back up end of sept/early oct and then keep it for 4 wells, good time to be getting into desire now if you're not in!!

Just waiting for a reply from a guy who I know who gets all the good info on these shares. however this was all i could find for somereason today, looks like iii have removed the links to the infromation

will post as soon as I get a reply!!

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Is it the Hedge Fund that Garbled mentioned or an Institutional buyer?

I just wonder who know what - to give them enough confidence to invest about £2.5 million today - making the assumption that's it's one buyer.

In my experience there's rarely 'smoke without fire'.

Watching closely....
====================

I think Garb knows of 2 hedgefunds, I know of one of them and their trades.
I can answer this question on the 250k tomorrow in terms of one hedgie. Obviously we were at this point going to get the larger players in the fray.

I suppose the main point of this info would just add confidence if a major (and quite successful) hedgefund was to recognise the potential.
This particular hedgefund has yet to touch the others down there, maybe they regard them still as too high a risk.
It is worth noting that the hedgefund in question does not have a record of acquiring companies or interferring too much in the board activities (in this case that is a good thing as I'm quite satisfied, read extremely impressed, with the board to date)

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Give me a few hours I'll try and find the news report, will post early hours if not tomorrow morning.

Sorry only just seen this reply, most definitely still hold, do you hold both ? Rkh now doing well rest should take approx 45 days and then DES get the rig back for a planned 4 drills, the first being a well called Rachel which is connected to the sea lion well rkh have struck gold on!!

I hold both and am holding solid, there is a huge hedge fund buying small amounts often at the minute in these companies, they were trying to keep a low profile but it's sneaked out to the city!! Not long to wait now!!!

Go KEITHHHHHHHHHHHHHHHHHHHH

Come on Keith!!!

Can you let us know how Jonathan Gryce is doing?

Im afraid Jonathan departed earlier

Didnt want to discuss his exit hand

Thanks! still a legend in my eyes!!

Can you let us know how Jonathan Gryce is doing?

Gl with this Woodsey, just be careful with the stop losses though, folks often get burned with these.

A lot of people lost a lot of shares because of stop losses due to a recent hit and run bear raid on falkdlands shares, price dropped (at lunch time when everyone was away) from 3.20ish on rkh to 80p....then went straight back up....kicking in everyones stops....then they couldnt buy back in!

dangerous sometimes if you're not on the ball

Rich, I think this thread should only be open to people who sign up to DTD Online via your affiliate links, you'll be minted.

Genius!!!

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I presume the attempts by the US to regulate deep water drilling can only affect US waters and won't affect Falklands?
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hes spot on, The north basin is tested shallow waters whereas the southern basin is untested deep water drilling. FOGL are drilling a well in an untouched southern basin as we speak and should post results within next 2 weeks!!