Rockhopper Exploration Share Chat (RKH)

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
	+0.45p	+1.21%	37.65p	36.90p	38.00p	39.00p	37.40p	39.00p	348,576	16:35:11

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Oil & Gas Producers	7.7	-6.6	-1.0	-	172.21

Rockhopper Exploration Share Discussion Threads

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Date	Subject	Author	Discuss
18/8/2018 17:26	Telegraph 18 August. By Jillian Ambrose 18 August 2018 • 2:30pm Time is running out for Premier Oil’s plan to find the funds it needs to drill for oil in the disputed waters around the Falkland Islands. The debt-wracked oil company has hired Standard Chartered to pull together a syndicate of banks to fund its hunt for more than 500m barrels of oil by the end of the year. But City sources have warned that Premier’s slow progress means the beleaguered project is unlikely to meet a pressing financial deadline. The Sea Lion project is a crucial source of future income for both Premier and the Falkland Islands government, which has given the firm until 2020 under its current production licence. Premier, led by chief executive Tony Durrant, is expected to reveal net debt of over $2.5bn in its interim results this week. The London-based oil company and its partner Rockhopper will make a final investment decision on Sea Lion only once its funding is in place after years of delay due to political tensions. “There is a mutual understanding between Premier, the government and Rockhopper that they would have to have something in place by year-end,” said Alejandro Demichelis, of Hannam and Partners. “We understand they are making progress, but slow progress. The UK Export Finance agency is prepared to offer some financing to the project but not all of what is needed. They could find a solution but I doubt it will be by year-end,” he added. Premier has begun work securing contracts for the project ahead of the final funding deal to speed its progress once the funding is in place but the debt-hit oil firm will still need a hefty boost from lenders to begin drilling. James Hosie of Barclays said: “Third-party funding solutions are key to moving pre-development assets forward during 2018”. The investment bank snipped its share price target for the oil company from 170p to 165p a share. It also warned that the firm’s market value remains highly sensitive to dips in oil market price forecasts. The project has suffered repeated delays since Premier picked up its stake in the oil discovery in 2012, in part due to political tensions between the UK and the previous Argentinian regime over the British overseas territory. Mr Demichelis said: “Any bank with operations in Argentina feared that there could be repercussions for their relationships in Argentina and the rest of South America. With that out of the way things are more open.” Related Topics Premier Oil Energy industry Oil	whackford	Read Full Thread Reply
14/8/2018 17:10	hTTps://www.youtube.com/watch?v=reiTKEeUFlM&feature=youtu.be RKH mentioned.	cyan	Read Full Thread Reply
06/8/2018 08:56	In case some have not seen it yet here is a new interview with Tony Durrant. Talks about Sea Lion towards the end with a rather telling phrase of "we just want to get on with it". hTTps://www.youtube.com/watch?v=fPxcHxxz8XM	jpsmithson	Read Full Thread Reply
05/8/2018 14:41	Tommy don't be greedy i know you sold out with 4 pounds !	emilio	Read Full Thread Reply
05/8/2018 12:45	ONCE Production has started,which dividend do You ExpctWhich Share Price do You Expect?	tommy_h_59	Read Full Thread Reply
02/8/2018 01:15	Agree, 80p will clear switched on traders. 115 p for the diligent longer termers. All just amateur opinion.	gunsofmarscapone	Read Full Thread Reply
01/8/2018 17:28	adg, My short amswer is 80p. IMO Traders will jump on it and probably take profit at 80p. It will be big news no doubt. Frankly it ought to be way more so I would take a longer view in any event. From my perspective the market is always quirky, but where oilers are concerned it is hardly ever logical. Where this chages is for production oilers who lean then toward a more earnings related valuation as opposed to a speculative "future-potential" predictive one. A lot of the mid cap oilers with strong future resource bases and good cash in-flows have an almost industrial-sector valuation model applied by the IIs. So my future 5 year valuation model would be based upon the normalised earnings (RKH will likely plow cap-ex into further resource growth thus distorting headline earnings down) multiplied by a fairly healthy PER (which is deserved by its exteremly strong future prospects given its license rights). PMO has a lowly PER since its debt is silly but CNE who's debt in cautious is circa 13. Obviuosly a 5year view is not what the market takes but I think once you have a guesstimate at what normalised EPS is in the early life of a producing Sealion field will be (and those estimeates are on the presentations), then you have a good idea of how the market will value the company in the not to distant future. I'd see a purchase in RKH now to be almost like a 5 year bond. Once Sealion is producing the market will have to value it differently to the speculative play that it presently is. But by 2023 that valuation will be based upon some serious revenue inflows combined with additional promise of an increase in EPS in the coming years. Stocks such as these command high PERs. That's my opinion FWIW.	thorpematt	Read Full Thread Reply
31/7/2018 19:07	Thanks, looked it up and, of course, you're right. The 337 really is for free. would've thought that suggests value when it get used. Definitely over 100p!!	citizent	Read Full Thread Reply
31/7/2018 10:46	Citizen - no I refer to the Phase 1 $337 million Development Carry not the $750 million Standby Loan from Premier.... We get access to that funding at FID.. There is also $337 million due for phase 2. The standby loan has the 15% rate but imo it won't be used. The finance package detail is what is gonna be interesting.	robpuguk	Read Full Thread Reply
31/7/2018 10:14	Robpug - I thought they wanted to minimise use of the carry as, though the point of the carry is that it is guaranteed to be available,it costs 15% per annum in interest (the project would not work at lower prices for Premier without that). The original deal had lots of fees/access payments etc and was then simplified to wrap up the costs in a more transparent interest rate. The more they can borrow from the banks at half that or less the better for the RKH share price(and for Premier who would still rather not have to borrow and finance RKH even at 15%). FID will happen with low cost commercial debt and use of the carry pushed out as late as possible for as small a time as possible - if it is used at all. As you get closer to first oil it's easier obtain more commercial debt. Phase 1 is worth £1 per share to RKH, even at FID stage imho (think about it in £ per barrel). I'd say £1 to £1.50 range on FID. a lot more later on. We'll see!	citizent	Read Full Thread Reply
31/7/2018 09:19	It will happen; ducks being lined up one by one...slowly.	cyan	Read Full Thread Reply
30/7/2018 23:13	In Aberdeen for 3 days visiting clients - staying at village hotel, arrived at 9pm and directly opposite my room Window is the premier oil Offices about 50 metres away across a courtyard (with a sports area) - surprised at how many offices were still lit and some occupied so Late ! Very Encouraging to be honest !!	adg	Read Full Thread Reply
30/7/2018 13:25	It is imminent, it really is, really,,,	trumpety trump	Read Full Thread Reply
30/7/2018 11:49	I am sticking with a leap to 60p on FID annoucement. How far away is that?	cyan	Read Full Thread Reply
30/7/2018 11:46	Well adg £1 would be a £450ish million mcap - which you can look at three ways.. High - as we are gonna be a good few years off production.... Fair - considering we will then actually have access to the 1st stage carry Low - that our share of this billion barrel province has been given the green light alongside a favourable result in the italy case...... I'm thinking somewhere between 50p and 80p tbh... with a bit of froth on news reports perhaps taking it higher initially.	robpuguk	Read Full Thread Reply
29/7/2018 12:40	On a serious note - I’d be interested to get a consensus of what share price / mkt cap we would reaonably expect on a positive FID next spring? My gut feeling is that we could hit the 100p / £500m mkt cap on a positive decision No analysis or maths behind it as the prospect of 30k+ barrels a day a few yrs down the line	adg	Read Full Thread Reply
28/7/2018 10:46	Deadline for submissions is 31st August 2018 so it looks like things are progressing now. 2020 looks to be a key year - it's getting closer at last!	duckdown	Read Full Thread Reply
28/7/2018 10:39	hxxp://en.mercopress.com/data/cache/noticias/64772/0x0/or.jpg	duckdown	Read Full Thread Reply
28/7/2018 10:39	hxxp://en.mercopress.com/2018/07/28/premier-oil-outline-procurement-and-infrastructure-plan-in-the-falkland-islands	duckdown	Read Full Thread Reply
24/7/2018 12:46	Did they not say that with Brent at $75 the economics are good? What about $68	excellance	Read Full Thread Reply
24/7/2018 12:46	So, we are awaiting news from the banks about finance for sea lion, and if the cash is forthcoming it will open up the entire Falklands region as a major oil and gas producer. Surely the politicians will want to push this forward because there will be massive tax take. Is finance really in question? Once sea lion is up, other fields can be developed. 40p now, FOGL and DES a distant bad memory, in 15 years time these will be £30 per share!	excellance	Read Full Thread Reply
23/7/2018 20:41	https://twitter.com/2020Upstream/status/1021240493529804801 BUY QUALITY OIL STOCKS	rogk	Read Full Thread Reply
23/7/2018 18:49	Honestly, does anyone on here or the more ‘excitableR17; Lse board really expect more than a proportion of sunk costs? Quite unrealistic given the complex politics of Italy. I’ll go for, sticks wet finger in air, $25-30 mil after costs and three years to receive the full amount. Any more than that and the Italians may simply not pay for reasons of pure politics. The coalition does not wish to be viewed as weak.	gunsofmarscapone	Read Full Thread Reply
23/7/2018 09:31	How does the government who awarded the licenses and allowed drilling and let the company pour millions into the devloping the project then suddenly cancel the project, then expect no comeback. They havent got a leg to stand on. Yet another populist move from an politically unstable country.Would they have done this to ENI ?, I think not. Also noted the RKH appointed arbitrator has a record of siding with companies more often than the government, in this case it's very likely imo that that will be the case.Also agree that the Italian Government will cave in and make an offer to end this arbitration earlier than february. They have to go through the motions first. Going by DrillQuips rns and reading across , that all the vendors are in place and that confirming vendor funding is now fully on PMO's shoulders to make the FID and award the contract. Also noted the they are doing work on the Project this month ahead of sanction, why do that all, surely its exensive and time consuming ? POO: Cant see OPEC letting the POO levels going and staying belw $70 for too long, thye need the revenue and have just about got control of supply back to levels they want. No what what the irrespective of the puppet in the White House.	marunam2	Read Full Thread Reply
20/7/2018 12:34	They are tendering now, maybe even completed, then they need the banks to sign off finance, then it's all systems go!	excellance	Read Full Thread Reply

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