Share Name Share Symbol Market Type Share ISIN Share Description
Rockhopper Exploration 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
  +0.50p +2.44% 21.00p 20.75p 21.00p 21.50p 20.25p 20.25p 733,263.00 10:07:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 2.7 -30.3 2.5 7.3 95.89

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Date Time Title Posts
08/12/201611:41RKH39,511.00
30/11/201611:54fogl / rkh merger thread140.00
09/2/201617:57*** Rockhopper ***25.00
01/2/201621:24L2 - Observations, comments and screenshots49.00
03/8/201516:38Rockhopper Exploration10,568.00

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Trade Time Trade Price Trade Size Trade Value Trade Type
11:38:3820.991,467307.89O
11:29:5220.9514,2602,987.37O
11:20:4120.812,500520.32O
10:58:5420.9447,6659,979.86O
10:19:2220.942,364494.96O
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Rockhopper Exploration (RKH) Top Chat Posts

DateSubject
08/12/2016
08:20
Rockhopper Exploration Daily Update: Rockhopper Exploration is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RKH. The last closing price for Rockhopper Exploration was 20.50p.
Rockhopper Exploration has a 4 week average price of 22.93p and a 12 week average price of 25.88p.
The 1 year high share price is 40.75p while the 1 year low share price is currently 20.25p.
There are currently 456,636,795 shares in issue and the average daily traded volume is 1,835,441 shares. The market capitalisation of Rockhopper Exploration is £95,893,726.95.
08/12/2016
10:25
pumped and dumped: This price represents fantastic value moving forwards and the risk vs reward ratio is well in favour of the Bulls. RKH share price was higher than this before they found any oil so I will continue buying at these give away prices . The bears are running out of steam!
07/10/2016
19:25
ohisay: They are manipulating the share price for sure.
17/9/2016
09:32
randomwalker: Looks like the final end of the Wicked Witch's bluster by the new government is worth about 2p on the share price. As many people had pointed out, argentina is pretty much irrelevant to the development of Falkland Islands oil. The price is what matters, but does not seem to be going back up to required levels any time soon. Oh well, back to waiting.
18/5/2016
15:12
imperial3: When are they going to resume drilling again in the Falklands? I suspect not any time soon.This could be several years away I guess.So,in the meantime, what is going to propel the share price,in the absence of drilling in this region? Acquisitions? Frankly,I cannot see much further progress in the share price without news to provide impetus.
18/5/2016
08:36
agnabeya: Am in depth look at he Agm from Cortrari wise on the other Board. There seem to be a lot of people on this forum who know more about the company than I do, but here is my AGM Report as sent to ShareSoc. I have bought more shares this morning. A quick back of an envelope calculation shows a potentially huge resource for sale for around $140m (current market cap $250m minus $110m of cash). To me it looks like the odds are in my favour. Please correct me if my back of the envelope calculation is wrong in any way.AGM Report Rockhopper Exploration 17/05/16Rockhopper Exploration is an oil exploration and production company with large exploited assets in the Falkland Island Basin and small production assets in the Mediterranean.Key points• Company has enormous discoveries in the Falklands Islands Basin. Its share of the Sealion and Isobel/Elaine complexes alone come to more than 400mmboe (2C – meaning there is a 50% chance the oil recovered being at or above this number). •; Low risk near field drill prospects in the Falklands Island Basin have the potential to add a further 100mmboe in prospective reserves• Development of Sealion Phase-1 is fully funded via $337 of “development carry” that is due from its partner Premier Oil, and a $750m standby loan. • Premier Oil are cash-strapped and looking to farm-down some of their holding in Sealion. In order to facilitate any deal Rockhopper may need to join them in the farm-down, but this would be done for administrative reasons rather than any need to raise cash.• Sealion Phase-1 has development capex of $8 per bbl, opex of $20 (now guided down towards $15), plus the unknown cost of the FSPO. Breakeven cost is likely to be under $30 bbl, so the development would be profitable at current prices. First oil targeted in 2020.• Sub-scale Mediterranean assets producing a current 800bbl per day. These do not take up much management time, apparently, and the aim is to cover G&A costs.• Political pressure from Argentina regarding the Falklands appears to be abating following the election of Macri to the presidency. Chairman stated that American interest in the Falklands Island Basin was starting to appear.• Current net cash of $110m falling to $60-70m by year end. • Ombrina Mare well in Italy to be plugged and abandoned at the cost of $2m following the Italian government’s withdrawal of the drilling permit on environmental grounds. GeneralRockhopper has enormous finds in the Falklands Island Basin which if successfully commercialised will be worth a fortune, with the potential of more to come. Taking a conservative estimate of Rockhoppers share of discoveries made so far of 400mmboe, and a breakeven extraction price of $30 per bbl, then at the current oil price of $45 those assets are worth $6bn (15*400,000,000). The market cap is currently £170m ($250m), which includes current net cash of $110m. That back of an envelope calculation also ascribes no value to the Mediterranean assets that are currently producing and cashflow positive. The shares would thus appear to be an enormously geared play on the oil price, indeed the Chairman stated that Rockhopper was the “best leveraged play in the industry”. The company has been attempting to build a Mediterranean business as well, buying Mediterranean Oil and Gas in 2014, and completing the purchase of the Egypt focussed Beach Egypt in 2016. Despite this the Mediterranean assets are trivial compared to the potential of the Falklands Island Basin. At the end of 2015 Rockhopper was producing >700bpd in the Mediterranean which will rise to >1,200bpd in 2016 once the Beach Egypt assets are incorporated. To put this in perspective the peak production from Sealion Phase-1 alone is 60-85,000 of which Rockhoppers 40% share will be 24-34,000bpd. The only Mediterranean asset of any meaningful size is the Monte Grosso with prospective oil in place of around 250mmboe, in which Rockhopper has a 23% stake with a roughly 25% chance of exploration success. I questioned the worth of the Mediterranean assets. If Monte Grosso fails then the company would be left with a ragbag collection of sub-scale Mediterranean assets. However, the CEO stated that the aim was to have some producing assets now to cover G&A while Sealion is developed, and that they do not require much management time. Front End Engineering Development (FEED) work on Sealion has been completed. The key targets in 2016 are to bring in an additional partner to the project, and “achievement of specific milestones for the Final Investment Decision on Sealion”.The company is well run. There are currently only 33 (very highly paid) employees. Total G&A expenses are around $11m a year, and the CEO claims to have substantially cut the costs of FOGL and other merged companies.The AGM was well-attended by small shareholders, but there was substantial discontent amongst them. The share price hit a peak of over £3.80 in 2012 compared to the current price of 38p, and shareholders were aggrieved that management had continued to reward themselves well both in terms of salary and share options despite the fall in the share price. One shareholder delivered a 10 minute diatribe about undeserved executive pay increases. Although, this was well-done, he had, unfortunately, got his facts wrong, and was comparing pay this year over a full 12 month period, with pay over a 9 month period in 2015. Thus what looked like a 40% pay increase for the executive was not. ManagementIf I was going to summarise management in one word it would be “smug”. Clearly they are very satisfied with themselves for delivering a world class resource in the Falklands Islands Basin, but shareholders have not done well out of the company so far. Management seemed to expect to bask in shareholder applause despite the 90% peak to now drop in the company’s share price, and did not appear to listen to dissenting voices. That said, they appear to be very competent; good at cost-cutting; good acquiring distressed assets; and are sitting on a potentially enormous asset.  .
09/3/2015
17:03
hopefullyrich: credit to thegreaterfool from ii If I wasn't crying so hard about the share price, I'd laugh. You've got to admire RKH's consistency. Farm-in : share price drops Confirmation of oil : share price drops Sign for a rig : share price drops Agree expensive extraction method : share price drops Agree cheaper extraction method : share price drops Argentina make threats : share price drops Argentina threats disappear : share price drops II holdings go down : share price drops II holdings go up : share price drops Bulletin board traders predict a fall : share price drops Bulletin Board traders predict a rise : share price drops Drill actually starts turning in the ground, with 5 more drills to come, high CoS, fully funded, and a commitment to produce even if all of them hit nothing : share price drops You can't buy this kind of consistency anywhere else.
16/10/2014
09:20
ghhghh: the_doc We will have to agree to disagree. IMO they have no chance of offloading part of the SFA. Yes they can sell 30% with the fixed liability of half the RKH carry but this will clearly be reflected in the sale price. Swings and roundabouts. You glibly talk about getting funding but getting funding in this market is horrendous. Its been bad for several years but now its pretty non exsistent. I'm not sure why you are also so defensive. I thought I was being positive. RKH can afford to give away some of the SL value to secure a deal. The critical issue is whether SL developed. Market thinks high risk and that's why RKH share price is where it is. Simple solution is RKH and PMO sell part of SL unencumbered, RKH dump the SFA and use the cash from their partial sale to fund their 20-25% equity. Both companies win and SL gets developed Alternative is a hostile 120p bid from PMO? RKH has some unhappy shareholders so possible but PMO can't afford cash and a paper bid not so attractive in this market.
15/10/2014
11:31
albertedwin: I have been observing this relentless and dramatic deterioration in the RKH share price with ever increasing concern and dismay. Regretfully I find myself in agreement with those posters on iii who believe that a very early Statement from the Board is called for, especially since they have chosen this seemingly ill timed moment to award themselves yet further share options. Surely investors are entitled to some, and hopefully detailed, explanation as to how such payouts can reasonably be justified whilst the value of their own investment daily collapses in such serious free fall.
23/8/2014
08:11
cyan: Good morning Rogk. I am not sure that I follow your second point. Why should RKH share price affect any farmin? I agree that interested farmin partners would look at RKH as a potential takeover target at a modest price level.
03/7/2014
09:20
smudgeroo: chrisoil, We all know how cheap RKH is and the majority of us will be here for years to come. No need to talk the company down. If the share price continues to slide the savvy investors among us will continue to use it to our advantage. Personally I'm not interested in what the share price will be next month, I'm more interested in the next 5-10 years. For the interest of the serious investors who read and contribute to this thread please give it up, if only to save further embarrassment to yourself. MOG duster news released and RKH share price up 5%. Who would have thought it!
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