Rockhopper Exploration Share Discussion Threads

[nigoil] 21/10/2020 20:58

chinahere, that is a great idea! I would stay on this thread and leave you ' Girls ', paid scribblers / bashers all alone to get on with your de-ramping and bashing of Rkh on another thread.I am happy to stay on this thread as I am purely on this forum to post facts and support Rkh through till first oil!.........Deal!.........Simples!.......;-).......We can leave it up to the spectators to form their own opinions without seeing to many ' c0cks ', bit like television , you can select the channel you want to watch!

[another mushroom] 21/10/2020 20:51

Lol, thanks guys. I can assure you I have no affiliation with nigoil. Been a RKH follower for quite some time but never felt compelled to join the conversation. The TLW call stood out as a good one to me so decided to chip in.
I recall Gozzie recommending Halfords earlier in the year which was a good call too however I only follow oilies so didn't take take a punt. There are some decent tips on these BBs but you have to sift them out.

[nigoil] 21/10/2020 20:50

Due to kurgan3 disrupting the thread as per normal, I thought I would re-post this extract from Rkh website incase it was missed. Rkh website has been updated today by no coincidence!.......Simples!.......The overall strategy to develop the North Falkland Basin remains a phased development solution, starting with Sea Lion Phase 1, which will commercialise, through a conventional FPSO development scheme, 250 mmbbls (gross) of oil resources in the northern part of PL032 (in which Rockhopper has a 30% working interest). A subsequent Phase 2 development will commercialise the remaining approximately 280 mmbbls (gross) resources in both PL032 and the satellite accumulations in the north of PL004 (in which Rockhopper has a 64% working interest). In addition, there is a further 200 mmbbls (gross) of low risk, near field exploration potential which could be included in either the Phase 1 or Phase 2 developments. Phase 3 will entail the development of the Isobel/Elaine fan complex in the south of PL004, subject to further appraisal drilling.

The resources in Sea Lion Phase 1 will be commercialised utilising a conventional FPSO development scheme with approximately 29 subsea wells. Estimated gross capex to first oil is US$1.8 billion. The Sea Lion financing plan comprises funding elements including senior project finance debt, vendor financing from contractors and equity from the joint venture. Rockhopper’s share of the joint venture equity is to be funded through the carry arrangements with Premier.

Material progress continued to be made in the first half of 2019 across a range of disciplines including FEED and optimisation work; finalisation of contractual arrangements with key service and supply contractors; and the preparation of the Preliminary Information Memorandum (“PIM”) and associated suite of lender due diligence reports, which were submitted after the period end.

Sea Lion has the potential to be transformational for Rockhopper and the Falkland Islands as a whole. The project is at a mature stage of definition and through the FEED and optimisation process has been substantially de-risked from a technical, cost and schedule perspective. Securing funding is the last remaining major milestone before Sea Lion can reach FID and all efforts are focused on securing such financing to allow the project to move into the execution phase.

The joint venture continues to lead engagement with a wide range of stakeholders to obtain the support required to secure senior debt, which represents the core of the project’s funding strategy. In this regard, a Preliminary Information Memorandum and comprehensive set of independent expert reports, which formed the basis of a financing application for the senior debt component of the project financing, were submitted to potential senior lenders including export credit agencies in July 2019.

On the vendor financing side, the project contractors have undertaken an extensive due diligence and assurance process and, are nearing final agreement to provide funding for the project, subject to the finalization of documentation.

Constructive and supportive engagement with the Falkland Islands Government (“FIG”) continues on a range of environmental, fiscal and regulatory matters with a view to obtaining the consents and agreements necessary to reach a final investment decision. Formal approval of the Environmental Impact Statement (“EIS”) and Field Development Plan (“FDP”) are expected at sanction.

The Sea Lion Discovery Area is due to expire on 15 April 2020. The submission of the final Field Development Plan for FIG approval is expected before that date. However, given the nature of the project financing currently being pursued, the timetable and process to secure such funding remains outside our control and therefore, as a prudent precaution, discussions have commenced with FIG in relation to a 6 to 12 month extension to the Sea Lion Discovery Area licence.........Simples!.......;-)

[chinahere] 21/10/2020 20:47

If a new thread that was quick to ban errant posters was started, how many of us would move to it?

[nigoil] 21/10/2020 20:45

But my dear kurgan3 I have been investigated by ADVFN as a result of you ' Girls ', paid scribblers / bashers trying to get rid of me. You have complained on numerous occasions and as a result ADVFN emailed me and have checked me out! I work alone and that is why I am still here! There is only one Nigoil and I will be on this forum for many years to come!........I wouldn't want to be out of Rkh when the OM update arrives!........Simples!.......;-) P.S. I wouldn't want to be out of Tlw either!

[chinahere] 21/10/2020 20:44

Mushrooms are kept in the dark.

[gozzie2] 21/10/2020 20:44

Seems like anything goes on here .

[gozzie2] 21/10/2020 20:37

He has the right name you have to be a funguy to be in this cr@p lol.