Rockhopper Exploration Share Discussion Threads

[gozzie2] 10/8/2020 18:19

You can see it coming a mile off .You pays your money you takes your chance .

[gozzie2] 10/8/2020 18:07

This Cragrock is beginning to sound like Falklands .What happened to him he was very vocal .Lost my faith in him when he invested in Marks and Spencer and wanted the clothes area to be used as a playground for children in the middle of the pandemic .

[nigoil] 10/8/2020 18:04

All the information is in Rkh dated Rns's and website, also in Pmo & Navitas for those interested enough to do their own research, I could copy and paste all night, but won't clog the forum up with facts! Sealion phase 1 will be going ahead, Rkh will not run out of money and Rkh will win the OM case!.......Simples!......;-)

[cragrock] 10/8/2020 18:01

Sealion has oil It's ready to go !!!!!
Rockhopper needs it to happen !!!!!!
PMO want sealion to happen !!!!!!
The Falklands economy need the oil to start flowing it'll be so good for the people on the islands.
Nav want in and have alot of experience in exploration and production !!!!!!
Once sealion gets the FID the borders and arg will follow !!!!!!!
No matter how much balling and lying the girl band does It's going to happen !!!!!
Rockhopper strong buy !!!!!!!

[gozzie2] 10/8/2020 17:58

Icsid have worked all the way through theres results everyday .That's no excuse .

[gozzie2] 10/8/2020 17:54

12 months is up in 4 months .

[nigoil] 10/8/2020 17:54

Thu, 19th Mar 2020 07:00

RNS Number : 7151G
Rockhopper Exploration plc
19 March 2020

19 March 2020



Rockhopper Exploration plc

("Rockhopper" or the "Company")



Impact of COVID-19



Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, provides the following update in response to current market uncertainty related to COVID-19 and commodity price weakness.



In January 2020, Rockhopper and Premier Oil announced that a detailed Heads of Terms had been signed with Navitas Petroleum to farm in for a 30 per cent interest in the Sea Lion project. Good progress has been made during the first quarter of 2020 to convert the Heads of Terms into fully documented agreements. Despite the current oil price weakness, all parties remain committed to the finalisation of the Navitas farm out agreement with completion subject to agreed consents and approvals.



With the Company's modest presence in Italy already having been substantially scaled back, the Company's day to day operations remain unaffected by the spread of COVID-19 with necessary contingency measures in place.



Recent initiatives by the Company, including the sale of Rockhopper Egypt Pty Limited together with the legally binding Heads of Terms signed with Premier Oil place the Company in a relatively stable financial position with cash at 13 March 2020 of approximately US$23 million (unaudited), no debt and with limited exposure to future development costs (excluding licence fees, taxes, costs incurred prior to 1 January 2020 and project wind down costs) at Sea Lion. The Company continues to actively manage its corporate costs with G&A in 2019 of approximately US$5.3 million (unaudited).

[duckdown] 10/8/2020 17:53

Surely Coronavirus can't have delayed it by 4+ months though. I could understand a month or two but with ICSID saying they're still working and having hearings remotely, it does seem odd not to have heard anything yet.

[gozzie2] 10/8/2020 17:52

No risk Really. Management has also considered a downside scenario in which the project does not achieve sanction which could be due to a number of factors including funding not being achieved, or Premier deciding to withdraw from the Sea Lion Development which could also ultimately result in relinquishment of the acreage. In this scenario the Sea Lion project would need to be wound down including the decommissioning of the assets in the Falklands and the Group is liable for its share of these project wind down costs with no funding support from Premier and/or Navitas. Under the base case forecast, the Group will have sufficient financial headroom to meet forecast cash requirements for the 12 months from the date of approval of these consolidated financial statements. However, in the downside scenario, in the absence of any mitigating actions, the Group may have insufficient funds to meet its forecast cash requirements. Potential mitigating actions, some of which are outside the Group's control, could include collection of arbitration award proceeds, deferral of expenditure or raising additional equity. Accordingly, after making enquiries and considering the risks described above, the Directors have assessed that the cash balance held provides the Group with adequate headroom over forecasted expenditure for the following 12 months - as a result, the Directors have adopted the going concern basis of accounting in preparing these consolidated financial statements. Nonetheless, for the avoidance of doubt, in the downside scenario run and in the absence of potential mitigating actions, a material uncertainty exists that may cast significant doubt on the Group's ability to continue as a going concern. The consolidated financial statements do not include any adjustments that may be necessary if the Group were not a going concern.

[nigoil] 10/8/2020 17:49

Rkh will have a positive outcome from OM, if it wasn't for the Coronavirus crisis we would have had an update in the first quarter!.......Simples!.......;-)

[duckdown] 10/8/2020 17:45

They do need a positive Ombrina Mare outcome and payment though. It's all gone very quiet on that front and it's strange given their guidance was Q1. We are now midway through Q2.

[nigoil] 10/8/2020 17:42

And the b@llocks postings continue over on Lse! The tw@t known as username cyan aka ' billy liar' is not to be trusted, LOL!.... Simples!.... :-) If you think for one minute Rkh will do a fundraise at 7p if at all, you've got another think coming! So transparent what her and username godders69 are doing, LOL! And they have a nerve to post I'm dangerous!... Even more simples!... :-0

[nigoil] 10/8/2020 17:33

There it goes again, LOL! The ' contrarian girl W@NKERS' absolutely love me!... Simples!... :-)

[gozzie2] 10/8/2020 17:33

There would have just been anger directed at the Bod as it should have been .But these guys love them for some reason .

[nigoil] 10/8/2020 17:30

Hey Cragrock, I think I've struck on a nerve or three, LOL! My screen has gone into green overdrive, LOL! Always happens when I post that positive news is incoming, LOL!....PMSL...:-)