Member Info for Daikihaku1

MattCollins, you sound like you may be suffering from a severe case of RKH-PTSD. It is quite a common condition among long term holders and is recognised by an overwhelming sense of hopelessness, glass-half-empty syndrome and a persistent, depressive state of mind. I have been battling this condition myself for the past 10 years and have only recently seen a slight improvement. But that’s probably just temporary and soon things will get even worse than before…🤷‍♂️

Get well soon

Interesting post Alma.

Folks, the vibe of the happy 2010’s is slowly but surely returning to the Falkland oil story! Long may it continue…

Leo

proper ramp that was!! 😁

@Auson I have bought so many times over the years, changed brokers, moved from one country to another and completely (and mercifully) completely lost track of my average cost. It is significantly higher than the current price, but as I said I had written them off so anything but a bust is a win. My best guess would be an average cost somewhere between £1-2. Highest I’ve paid is around £4.50-5.00 and lowest I think was 6p.

Was not taking some profit at £5.00 all those years ago. Have held through thick and thin (thin mostly tbh) all the way down around 5p, and have heroically topped up all the way down each time it seemed that rkh couldn’t possibly get any cheaper. Yet it always did!

Well I have learned my lesson and I won’t be making the same mistake again, so this time I plan on selling a bit at £4.99 😁

In fact I had completely written my RKH shares off and decided to keep my nearly worthless shares only to remind myself of my stupidity. Well lo and behold, it does seem that we get to spin the roulette a second time with a decent chance of a life changing outcome.

The potential here is mind boggling. That’s why I haven’t been able to let go of the Falkland oil story nor part with my shares however cursed they have seemed. That’s my I am still here. That Hail Mary at making generational wealth, financial independence and proper F. You money!

The amount of times I have sold too many shares of a winner too early and ended up regretting it… that’s not happening with my RKH shares. I’m seeing this to first oil (or bust) with my 742424 shares , and only then will I consider taking 10-20% off the table. I know it is hard for some to imagine RKH share price in multiple pounds, but it really is inevitable if we get to produce oil while keeping 35%. Only a few month ago it was hard to imagine the life that now has returned to RKH and this board. My advise is not to sell too many shares too early, as it could come back to haunt you for the rest of your life if the potential of RKH is realised over the next 10-20 years. Let the story unfold. This is much bigger than Sealion, but Sealion is the key that unlocks the floodgates.

So Happy New Year everyone. Thank you for the engaging debates and here is to a prosperous 2025 and beyond for all of us

D

Through all the depressing years where RKH’s survival has been in doubt, I had completely forgotten about the Isobel discovery and oil column of 480 m. It seemed so irrelevant to dream about when we couldn’t event get a fully appraised oil discovery started, that I dismissed it. Isobel could indeed be an absolute monster. Well, that irrelevance areabout to change and I am now being reminded why this story has captivated myself and so many others for so long. For reference see the technical details of Sealion with a 217 m oil column :

Embargoed: 0700hrs 4 June 2010

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Sea Lion Exploration Well - 14/10-2

Oil Discovery - Technical Update

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to provide the following update regarding analysis of the results of the Sea Lion 14/10-2 well oil discovery recently completed in the North Falkland Basin:

Highlights:

Samples analysed in a dedicated laboratory confirmed as medium gravity crude oil - ranging from 26.4 to 29.2 API

Every sand in the well beneath regional seal charged with oil

RPS Energy Best Estimate recoverable upgraded from 170mmbbls to 242mmbbls recoverable with significant upside potential

Board believes new play fairway opened

217 metres gross oil column, 53 metres net pay

The Company intends to test the well at the earliest opportunity during the current campaign

Results of data analysis

Well 14/10-2 on the Sea Lion prospect ("Sea Lion" or "the Sea Lion well") was drilled to a depth of 2,744 metres during April and May 2010. Following completion of final logging, the well was suspended for future testing. The Company intends to test the well at the earliest opportunity during the current campaign and test equipment is currently being mobilised.

The well penetrated what the Company believes is a regional seal between 2,250 metres and 2,374 metres subsea. Based on log analysis, well site evaluation of shows and samples, sidewall cores and wireline formation testing, it appears that all sands encountered beneath this regional seal at the Sea Lion location are charged with oil and no oil water contacts were encountered.

The top oil sand in the Sea Lion well was encountered at 2,374 metres subsea, and the base of the lowest oil sand ("oil down to") level was encountered at 2,591 metres subsea. The total vertical oil column is 217 metres (712 feet), with total net pay of 53 metres in seven identified pay zones, the thickest of which is approximately 30 metres gross.

Pressure data suggest the possibility of two separate oil columns, although this will have to be confirmed by a full well test. The main Sea Lion fan has a net pay interval of 34.5 metres. Additional underlying sands have net pay totalling approximately 18 metres. Approximately 16m of this lower pay appears to relate to a Sea Lion lower fan, which had been previously recognised, but not incl

19 May 2010

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Drilling Programme Update

Sea Lion Exploration Well - 14/10-2

Oil Discovery - Completion of Well

Rockhopper Exploration, the North Falkland Basin oil and gas exploration company, is pleased to confirm that well 14/10-2 on the Sea Lion prospect has been successfully suspended for future testing.

The well was drilled to a total depth of 2,744m and the duration of the rig hire was 35 days.

Work continues on analysis of the results of the well The physical samples taken from the well are currently being transported to the United Kingdom by freight plane, and are due to arrive shortly. Based on that timetable, the Company anticipates making a further update within the next 10-15 days at which point it expects to be able to provide initial estimates of the potential size of the discovery.

Pierre Jungels, Executive Chairman, commented:

"I would like to thank the Company's staff, consultants and contractors for running such a professional and seamless operation during the drilling and suspension of our Sea Lion discovery.

The outcome is great news in itself, but it also demonstrates that small operators, with the correct planning by the Company, combined with the right support from outside experts and quality contractors, can work to the highest industry standards in terms of health, safety and respect for the environment whilst achieving excellent operational results. We can never be complacent in this regard and will seek to maintain this standard with the drilling of our Ernest prospect in the coming months."

And bear in mind that stage 2 is planned to start only 1-2 years after first oil according to Navitas’ latest presentation

Good morning,

I believe historically RKH share price have had little correlation to the cash balance. This is probably due to any money in the bank having always been earmarked for future activities whether exploration, seismic, director bonuses or whatever. Same applies this time I think, as any OM award will be spend financing RKH’s share of the sealion development, so while I expect a green day when it is announced for sure, the share price increase is unlikely to be 1-1 correlated to the amount won. As you suggest it is entirely possible that we could see a much bigger share price reaction if that is the event that takes RKH from being a risky punt to an investment case in the eyes of money managers. It’s anyone’s guess where that threshold lies and what will take RKH across that line, but when it does that’s when we will see real share price action. The fact is we have seen so many positive developments over the past few years with little to no positive share price reaction, and at some point the share price will have to catch up to reality, and then quite possibly overshoot as a positive market psychology takes hold. Even for us cynical grumpy old Falkland oil investors, it is getting increasingly hard to remain sceptical and pessimistic 😊

Market certainly likes the update from Navitas. Up 10% today. Bodes well for a green day here tomorrow 🙂

Merry Christmas everyone

Wtf has this author been smoking?? This statement :

“ In this scenario with these assumptions (particularly the oil price), Rockhopper would not be profitable at a production rate of 100,000 bpd, indicating that either operational efficiencies need to be improved or oil prices must rise significantly above $70 per barrel for profitability.”

Is just ludicrous 🤷‍♂️

Thanks Garbled for the constant buy/sell price updates! It is truly invaluable for all those who can’t see the same at the top of the page..

Thanks LTT, much appreciated!

Tincan, I’ve asked this question previously without getting any wiser. Does RKH benefit from the accumulated interest on the award, or does the insurance company we sold the award to stand to benefit from the interest? Anyone able to explain how this works?

While this rise is nice and welcome indeed, it is trivial compared to the money this share will generate when navitas gets this over the line and we are pumping oil for decades to come. Don’t lose sight of the big picture. For those who have accumulated shares sub 20p, there really is generational-wealth potential here. By all means one should lock in some profits along the way, and some may be inclined to trade the share (with the risk of being left on the station when it takes off). But personally I have spend too much time and thought on the Falkland oil story, lost a lot of money along the way and learned enough lessons, to even contemplate selling at these levels.

BTW where is Aim and TCM at these days…?

Thanks Paul. I’m not sure what significance of no oil-water contact found is or what Marlon Monkeys “Sump” refers to. But I can recall extensive discussions on this subject at the time, and Marlon being super stoked ( wouldn’t it be nice if he were to reappear together with Rpoodle, as we finally seem to be drilling again in the not too distant future?)

Can someone refresh my memory regarding Isobel? I remember a lot of excitement about this particular discovery from the oil-nerds at the old iii bulletin board, but can’t recall why… it is not connected to Sealion right? Different depth? Did they do a flow test on Isobel or was it the net pay and the 3D seismic that indicates that Isobel is the monster bigger than sealion that those literate in oil lingo seems to believe?

Ct1986,

I can’t tell you the weekly volume, but according to yahoo finance todays volume is 5 x the average

Well on balance Garbled, it is hardly worse than those who bought at 3£ due to your shameless ramping LOL

Welcome back