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RKH Rockhopper Exploration Plc

12.825
-0.225 (-1.72%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rockhopper Exploration Plc LSE:RKH London Ordinary Share GB00B0FVQX23 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.225 -1.72% 12.825 12.70 12.95 13.00 12.70 13.00 1,339,061 16:35:14
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 652k 35.55M 0.0598 2.12 75.47M
Rockhopper Exploration Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker RKH. The last closing price for Rockhopper Exploration was 13.05p. Over the last year, Rockhopper Exploration shares have traded in a share price range of 9.80p to 15.00p.

Rockhopper Exploration currently has 594,218,549 shares in issue. The market capitalisation of Rockhopper Exploration is £75.47 million. Rockhopper Exploration has a price to earnings ratio (PE ratio) of 2.12.

Rockhopper Exploration Share Discussion Threads

Showing 56776 to 56783 of 111300 messages
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DateSubjectAuthorDiscuss
21/10/2020
19:37
He has the right name you have to be a funguy to be in this cr@p lol.
gozzie2
21/10/2020
19:34
I see you had to re-submit your post chinahere after your after thought! So I'm now going to be accused of being ' another mushroom '!............... Welcome ' another mushroom ', chinahere is correct - " be wary of taking advice on here though "......TRP & AMC are definately two to avoid eh chinahere ? LOL......Simples!.....;-)
nigoil
21/10/2020
19:31
Will be cr@phopper aka Crag aka N0boil lol .
gozzie2
21/10/2020
19:24
Welcome Another Mushroom - be wary of taking advice on here though!

Oh. I see that is your first post.

Is it really Nigoil then?

chinahere
21/10/2020
19:22
Evening all. Credit where credit is due, that was a good call on TLW. It seemed too obvious for me so I (regrettably) didn't invest - I haven't been following the TLW story. Could have been an easy 25%.
Instead, I sold out a lot of my non performing shares today and made a final RKH purchase. I'm all in now and hoping for good news to start flowing.

another mushroom
21/10/2020
19:18
The overall strategy to develop the North Falkland Basin remains a phased development solution, starting with Sea Lion Phase 1, which will commercialise, through a conventional FPSO development scheme, 250 mmbbls (gross) of oil resources in the northern part of PL032 (in which Rockhopper has a 30% working interest). A subsequent Phase 2 development will commercialise the remaining approximately 280 mmbbls (gross) resources in both PL032 and the satellite accumulations in the north of PL004 (in which Rockhopper has a 64% working interest). In addition, there is a further 200 mmbbls (gross) of low risk, near field exploration potential which could be included in either the Phase 1 or Phase 2 developments. Phase 3 will entail the development of the Isobel/Elaine fan complex in the south of PL004, subject to further appraisal drilling.

The resources in Sea Lion Phase 1 will be commercialised utilising a conventional FPSO development scheme with approximately 29 subsea wells. Estimated gross capex to first oil is US$1.8 billion. The Sea Lion financing plan comprises funding elements including senior project finance debt, vendor financing from contractors and equity from the joint venture. Rockhopper’s share of the joint venture equity is to be funded through the carry arrangements with Premier.

Material progress continued to be made in the first half of 2019 across a range of disciplines including FEED and optimisation work; finalisation of contractual arrangements with key service and supply contractors; and the preparation of the Preliminary Information Memorandum (“PIM”) and associated suite of lender due diligence reports, which were submitted after the period end.

Sea Lion has the potential to be transformational for Rockhopper and the Falkland Islands as a whole. The project is at a mature stage of definition and through the FEED and optimisation process has been substantially de-risked from a technical, cost and schedule perspective. Securing funding is the last remaining major milestone before Sea Lion can reach FID and all efforts are focused on securing such financing to allow the project to move into the execution phase.

The joint venture continues to lead engagement with a wide range of stakeholders to obtain the support required to secure senior debt, which represents the core of the project’s funding strategy. In this regard, a Preliminary Information Memorandum and comprehensive set of independent expert reports, which formed the basis of a financing application for the senior debt component of the project financing, were submitted to potential senior lenders including export credit agencies in July 2019.

On the vendor financing side, the project contractors have undertaken an extensive due diligence and assurance process and, are nearing final agreement to provide funding for the project, subject to the finalization of documentation.

Constructive and supportive engagement with the Falkland Islands Government (“FIG”) continues on a range of environmental, fiscal and regulatory matters with a view to obtaining the consents and agreements necessary to reach a final investment decision. Formal approval of the Environmental Impact Statement (“EIS”) and Field Development Plan (“FDP”) are expected at sanction.

The Sea Lion Discovery Area is due to expire on 15 April 2020. The submission of the final Field Development Plan for FIG approval is expected before that date. However, given the nature of the project financing currently being pursued, the timetable and process to secure such funding remains outside our control and therefore, as a prudent precaution, discussions have commenced with FIG in relation to a 6 to 12 month extension to the Sea Lion Discovery Area licence.........Simples!.......;-)

nigoil
21/10/2020
19:07
I was pleased that Tlw put their update out at 10 AM this morning and caught a few shorters out!LOL!.....I can still smell the burning! When Rkh release the OM update , I can see Rkh opening up or coming out of auction at anything from 20p - 40p , that will certainly put the cat amongst the pigeons!......It is dangerous for your wealth to be out of Rkh during the next few days / weeks!......Simples!......;-)
nigoil
21/10/2020
18:52
Muggins on lse says there's been an update on the rockhopper website .How interesting. https://rockhopperexploration.co.uk/operations/overview/
gozzie2
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