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
  -0.75p -3.26% 22.25p 22.25p 23.00p 23.50p 22.25p 23.50p 621,799 13:38:33
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 2.7 -30.3 2.5 7.8 101.65

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Date Time Title Posts
25/3/201708:14L2 - Observations, comments and screenshots56.00
30/11/201611:54fogl / rkh merger thread140.00
09/2/201617:57*** Rockhopper ***25.00
03/8/201517:38Rockhopper Exploration10,568.00

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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 19.75p and a 12 week average price of 19.75p.
The 1 year high share price is 40.75p while the 1 year low share price is currently 18.75p.
There are currently 456,832,953 shares in issue and the average daily traded volume is 2,499,712 shares. The market capitalisation of Rockhopper Exploration is £105,071,579.19.
cyan: This could add significant value; hTTp:// Extract; Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce the commencement of the 2017 drilling campaign on the Abu Sennan Concession in Egypt in which the Company has a 22% working interest. Exploration well Al Jahraa SE-2X, situated on the recently awarded Abu Sennan-5 (Al Jahraa South East) Development Lease, was spudded on 25 April 2017 by the Operator Kuwait Energy as part of a two-well drilling campaign. The well will target the Cretaceous Abu Roash-C reservoir in the fault block immediately to the south of the Al Jahraa South East discovery location where, if successful, it could add over 20 mmbbls of STOIIP to the development lease. The well is anticipated to take approximately 40 days to drill and evaluate, and in the success case would be immediately completed as an oil producer. Following completion of the Al Jahraa SE-2X well, the rig will move to the Al Jahraa-9 location to drill a development well which will target the AR-C reservoir at a location deeper than the current deepest oil penetration at Al Jahraa-4. The aim will be to demonstrate the connection between the Al Jahraa and Al Jahraa South East fields through the oil leg.
imperial3: The share price just continues to disappoint,without respite.Where is redemption going to come from? The Falklands venture(if it ever comes to fruition)is too far in the future to be meaningful.Their other assets are hardly what you would call transformational.Regrettably,we are in a very long haul indeed.I was formerly a FOGL holder.I am yet to see the benefits of being with RKH.A sombre assessment,I know,but this is a reality check.
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!
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.  .
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.
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.
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.
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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P:34 V: D:20170427 12:54:29