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 +2.17% 23.50p 23.25p 23.75p 23.75p 23.25p 23.25p 144,846 16:35:13
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 6.0 79.4 17.8 1.4 107.41

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Rockhopper Exploration (RKH) Discussions and Chat

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Date Time Title Posts
14/10/201711:43fogl / rkh merger thread144
11/5/201719:36L2 - Observations, comments and screenshots57
09/2/201617:57*** Rockhopper ***25
03/8/201516:38Rockhopper Exploration10,568

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Rockhopper Exploration (RKH) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2017-11-22 16:29:0123.254610.70AT
2017-11-22 16:29:0123.25435101.14AT
2017-11-22 16:10:3323.315,0001,165.25O
2017-11-22 15:42:1723.33821191.54O
2017-11-22 15:24:4423.251,170272.03AT
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Rockhopper Exploration (RKH) Top Chat Posts

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 23p.
Rockhopper Exploration has a 4 week average price of 23p and a 12 week average price of 20p.
The 1 year high share price is 29.75p while the 1 year low share price is currently 17.75p.
There are currently 457,064,894 shares in issue and the average daily traded volume is 606,353 shares. The market capitalisation of Rockhopper Exploration is £107,410,250.09.
cyan: My guess is that this time next year we will be at least double today's Share price. Maybe not enough to excite the 'fast buck' 'Betfred's
imperial3: Good afternoon Cyan. You mentioned that MALCY believed that Sea Lion was worth £1 per share.I wonder how much the cash element, and other interests are worth per share? Did not Edison Research do some calculations on this? I vaguely recollect that they did,but cannot remember when.If we add all these components together,then we can come to some potential valuation of the share price,which would be most interesting.
imperial3: I suppose, we shall have to wait, until next year,before we shall see any decent movement upwards.At the moment we are just treading water.If 30,000 barrels a day is attributable to RKH(when it happens)what is the calculated value of RKH's share price assuming current poo? Any oil gurus out there prepared to hazard an estimate?
cyan: Firstly can I politely ask happyholder123 to sling his spamming hook. Hi marmar80 Have a read of the half year report. I have two relevant extracts of relevance to your question; hTTps:// - Sea Lion Phase 1 estimated capex to first oil reduced from US$1.8 billion to US$1.5 billion and life of field costs down to US$35 per bbl -- Balance sheet strength maintained with cash resources at 30 June 2017 of US$62.5 million and no debt; US$337 million development carry from Premier for Sea Lion Phase 1 If development cost is now $1.5 billion and RKH hold 40% of SEALION after farming out to PMO; in theory they would have to find 40% of $1.5 billion ; $600 million. However as part of the deal to buy in pmo not only gave RKH a shed load of cash; they also promised to pay $337 million of the costs. A rather handy sum RKH do NOT have to find themselves.
diversification: Following opening a position in Rockhopper I thought I would share my thoughts, it will be interesting to see what others have to say, after all this is what these boards are for: (This is not advice only the reason why I have made an investment, all information is in the public domain, and I have also considered the political risks and the price of crude) 1. News flow - With an ambition to grow the Greater Mediterranean asset base RKH recently reported that it has started to drill its planned development and exploration wells in Egypt. With operating costs reduced to $14 per barrel the goal is to increase its resource base and production so that it can cover its operational costs, thus maintaining a healthy cash balance. This cash will be needed for the future development of Sea Lion or further acquisitions. - Premier Oil refinancing reaches completion. 'Rockhopper believes the completion of Premier’s refinancing will significantly enhance the discussions around the financing of the Sea Lion development.' As Premiers attention turns to one of its core assets I think we could also expect to hear from the Falklands goverment, their has already been a suggestion that it could revise its fiscal terms to encourage the development of Sea Lion. hxxps:// - We await an announcement on this. 'The front end engineering and design (FEED) process continues to make good progress with the technical engineering phase of FEED approaching conclusion.' 2. Financial stability - RKH continues to invest to ensure that it can cover its operational overheads and maintain a healthy cash balance sheet. With the terms of any future development of Sea Lion including a 'standby financing arrangement at Rockhopper's election to cover any additional development capex beyond the development carry of US$722 million'. - In a worst case scenario for RKH holders I believe we would end up merging with Premier oil at a value no less than the current market cap. IMO 3. Bulletin board activity - I am a great believer in investing in a share when the sheep have left the party. Many investors have fallen out of love with the falklands story since the collapse in the price of crude. It is my belief that this is the best time to invest and I will continue to lower my average price per share if the share price falls any further. I believe that with the pending news flow ahead, investors will return as the story starts to develop. This share remains significantly undervalued IMO.
treasure: Views anyone - Nothing much to drive the share price upwards until we hear from PMO which may be next week but may not until Jan 12th etc etc. In light of the higher oil price now, perhaps RKH can now more than cover the annual costs and has some over. To liven the share price in the near term could they not pay a small divi. ? Maybe a penny to give a 5 per cent yield. This would lift the share price and kick some shorts out or if someone is trying to force the price down it would make it harder. The 60 or 70 million in the bank will not be enough to do much with that is going to make a material difference in the future. The long term potential ie next 5 years or more could be huge with Sea LIon and the rest but it seems likely in the next few years and not the next few months where the big reason for holding is the long term future but to take care of the hear and now and give new investors a reason to get on board and power up the share price It looks more likely to me that RKH will like PMO need to farm a bit more out to remove anymore funding reasons to short this anyway. Any views on why this would not be able to happen. Ta
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!
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.
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.
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!
Rockhopper Exploration share price data is direct from the London Stock Exchange
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