Rockhopper Exploration Share Discussion Threads

[another mushroom] 02/4/2021 11:25

So basically you do your research on the LSE board nigoil.

[bigred10] 02/4/2021 10:34

Noboil aka Pinocchio aka Dr Groucho. 30p eh??? 8 months since you said it and still waiting. £150 million from the Ombre Mare arbitration 16 months ago. Still waiting for that too. Simple liar. Yes you are.

[nigoil] 02/4/2021 08:33

I believe this article will help answer your question JDK14...

UK newcomer Harbour Energy seeks out-of-region oil and gas acquisitions

Author Nick Coleman
Editor James Leech
Commodity Coal , Natural Gas, Oil
HIGHLIGHTS
Looking to grow beyond North Sea with further purchases

Harbour vies to lead in North Sea with 200,000 boe/d output

Evaluating investment in Sea Lion, Zama oil projects

London — The UK's newest upstream oil and gas operator, Harbour Energy, is on the look-out for acquisitions as it looks to build a "material" offshore position in at least one region beyond the North Sea, CEO Linda Cook said on the first day of trading in the company's shares, April 1.

In a call with investors, Cook reiterated that Harbour expects production from its existing portfolio of around 200,000 b/d of oil equivalent this year, putting it among the top North Sea producers, and forecast capital expenditure of just over $1 billion in 2021.

While Harbour, created out of UK-based Chrysaor and Premier Oil, derives most of its production from the North Sea, Cook said the goal was to build a company akin to international upstream producers that had subsequently retrenched to the US or been taken over; Anadarko, BG Group, Noble Energy, Apache and Marathon Oil were among those she cited as examples.

Cook noted that Harbour will initially evaluate two sizeable investment opportunities already in its portfolio, the Zama discovery offshore Mexico and the Sea Lion discovery offshore the Falkland Islands, and said she did not rule out further North Sea acquisitions, either in Norway or the UK.

"We've built a mid-sized independent global oil and gas company over the past four years starting from scratch and now see the opportunity to replicate that success in other regions around the world," she said, going on to cite estimates that up to $80 billion of oil and gas assets could become available for purchase globally in the near-to-mid-term.

"We have a great portfolio in the UK, but as the largest oil and gas producer there, it's really not practical for us to look at that region as our only source of growth going forward."

"The good news is that we do have some really high-quality embedded growth opportunities on the organic side in the portfolio, but also the pipeline of inorganic opportunities is maybe better than ever. Our focus when it comes to M&A will be on material, high-quality conventional offshore production with embedded growth opportunities, robust margins and positive cash flow," Cook said.

Harbour Energy was created out of a merger of private equity-backed North Sea operator Chrysaor and smaller UK-based upstream company Premier Oil as the latter struggled with high debt levels in the wake of last year's oil price collapse. Chrysaor had grown its asset base by buying North Sea assets first from Shell and then US upstream company ConocoPhillips as the latter exited the UK upstream.

International opportunities
The international component of Harbour's portfolio derives from Premier, which had production offshore Indonesia and Vietnam and participated in the Mexican Zama discovery, estimated at up to 1 billion barrels. Premier also brought a 60% stake in Sea Lion, which was first discovered by Rockhopper Exploration in 2010 and holds an estimated 1.7 billion barrels of oil "in place." Sea Lion is viewed as challenging partly due to its remoteness from the industry's supply chain and due to political sensitivities around the Falkland Islands, which are claimed by Argentina.

On the outlook for Zama and Sea Lion, Cook said: "We're going to take our time to really understand those two big projects, get our minds around what updated capex estimates might be after we've gone through this year of COVID -- we want to make sure we have refreshed estimates."

Cook went on to say that, with no near-term debt maturities and a net debt of $2.9 billion, "this leaves us pretty well positioned to fund both growth and shareholder returns."

The company also underlined plans to achieve net-zero emissions from its operations by 2035, and its role in a number of carbon capture and storage projects in the UK.

6p......Eh!

Simples!....... :-)

[trop2] 02/4/2021 04:25

Proposed reverse rkh takeover by Blackpool tower circus, featuring big sam the loveable clown, stepping into the late Charlie cairoli's shoes

[gozzie2] 02/4/2021 00:06

Yes Emilio can't wait to get back to the club and get a life lolhTTps://youtu.be/Z3WrnR5JFi4

[emilio] 01/4/2021 23:55

FOOOOOOOOOOTZI ?

[gozzie2] 01/4/2021 19:51

Stevo makes a good case.Sounds logical to me .No wonder nobody liked the post .

[another mushroom] 01/4/2021 17:37

Share price has held well this week considering the timescale for significant news is still unknown.

Started the week at 10.98p and finished the week at 10.82p. That's another red week down slightly by 1.46%. We did manage to reach 11.64p probably on speculation of something more substantial in the OM update RNS.

Potential now for it to drip down like this week until news rumours rear their heads again. The National is a little more tempting at the moment, at least it will be a little more exciting lol.

[gozzie2] 01/4/2021 16:25

Hes busy when it suits him .Hes not happy the can kicked down the road again but won't admit it .

[gozzie2] 01/4/2021 16:23

She states there is no FID coming at us really quickly and wants to estimate the level of Govt support .They are in the early stages of understanding Sealion and is had to compete with capital against other projects .They are waiting to see what projects the Govt may back .Not rocket science, they don't even know themselves how does anyone on here know lol .

[bigred10] 01/4/2021 16:16

Noboil. Pmsl. You are busy?? A multi millionaire with nothing better to do than watch this board 16 hours a day 7 days a week. But hadn’t time to read a little. What a load of ..... Simple. Liar. Yes you are.

[brazilnut1] 01/4/2021 16:11

Only thing keeping this from 6p now is OM. 30p eh ? £2 target eh ? 😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;😂😂😂😂😂😂8514;😂ԅ14;😂😂;😂😂😂😂
28514;😂€514;😂㈳4;

[gozzie2] 01/4/2021 16:11

Lol it only takes 5 mins N0b0il .22 mins in hTTps://www.investis-live.com/harbour-energy/605b05aadd22a1140079c6f3/peld

[nigoil] 01/4/2021 15:59

JDK14, I haven't had a chance to listen or read the presentation as yet, so I can't comment!

I'm busy with Panr!

Good news coming soooooooooon!

" If you know you know " ...........6p.........Eh!

6p...........Eh!

30p.........Soooooooooooooooon!

£2 Target

Simples!......;-)

[gozzie2] 01/4/2021 15:45

Ovets = Pretentious pr@t lol.

[gozzie2] 01/4/2021 15:36

He won't have an opinion .A guesser and Chancer ..He told us FID 2019 2020 2021, its not happening until 2022 the earliest .I don't listen to N0boil ,I prefer to listen to Linda Cook lol .

[bigred10] 01/4/2021 15:30

JDK14. Are you seriously asking Noboil for his opinion??? According to her we are getting £150 million from the Ombré Mare arbitration. Unfortunately she said the 16 months ago. 30p soon which was 8 months ago. Still waiting. She said FID 2018 that’s still waiting. You would be better off asking the local bum, the village idiot a clown. Hmmm hold on you just have. You are wasting your time getting an opinion off someone who blatantly lies everyday and can never admit they are wrong.

[jdk14] 01/4/2021 15:21

Nigoil - what did you make of the HBR investor presentation today and its implications for SL?

[fast lane] 01/4/2021 15:16

Won’t get no announcements while some, at least, remember the glorious dead.


The conflict began on 2 April, when Argentina invaded and occupied the Falkland Islands, followed by the invasion of South Georgia the next day. On 5 April, the British government dispatched a naval task force to engage the Argentine Navy and Air Force before making an amphibious assault on the islands. The conflict lasted 74 days and ended with an Argentine surrender on 14 June, returning the islands to British control. In total, 649 Argentine military personnel, 255 British military personnel, and three Falkland Islanders died during the hostilities