Share Name Share Symbol Market Type Share ISIN Share Description
Rockhopper Exploration Plc LSE:RKH London Ordinary Share GB00B0FVQX23 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.20 0.89% 22.60 647,590 16:35:02
Bid Price Offer Price High Price Low Price Open Price
22.35 22.70 22.75 22.20 22.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 8.30 -5.57 -1.23 103.0
Last Trade Time Trade Type Trade Size Trade Price Currency
17:15:44 O 816 22.60 GBX

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Date Time Title Posts
16/5/201907:05fogl / rkh merger thread170
28/4/201910:15Rockhopper - developing oilfields in the falklands for 2020/2152
11/5/201720:36L2 - Observations, comments and screenshots57
09/2/201617:57*** Rockhopper ***25

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Rockhopper Exploration Daily Update: Rockhopper Exploration Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RKH. The last closing price for Rockhopper Exploration was 22.40p.
Rockhopper Exploration Plc has a 4 week average price of 19.66p and a 12 week average price of 19.66p.
The 1 year high share price is 43.15p while the 1 year low share price is currently 19.66p.
There are currently 457,714,660 shares in issue and the average daily traded volume is 1,147,577 shares. The market capitalisation of Rockhopper Exploration Plc is £103,443,513.16.
fadilz: BigSi2, you miss the point, I believe. Both PMO and RKH would RNS any development that is material to the share price AS SOON IT HAPPENS. Funding for Sealion especially. Very unlikely that funding negotiations will be timed to conclude just so they can announce them in a regular update from PMO. We might get positive noises, but don't raise expectations - there would only be disappointment on the day. Edit: that said, an announcement could happen any day!
fitton: If you are a gambling man or woman, Rockhopper could be a very interesting bet.Currently trading near the bottom of its recent range with two very possible share price moving events due sometime this year.Premier must be very close to making some positive moves towards Sealion.Its a potentially very big asset and they need a long term development plan going forward so Sealion may be included.Secondly the Italian legal case is due to be finalised later this year.If one or both of these come it could make a the current 21p share price the bargain of the year.I don't see much down side at the current level.The share price could double or triple on any positive news.
cyan: Had a read of the RKH board which is now obsessing over the arbitration possible outcome. I am putting that right to the back of my mind and giving it zero value now. If it comes good; wonderful. RKH's fortunes ( & share price) lay's principally with SEALION. Its either 'no go', 'more delays' or 'go'. Brent about $72.53 is in the right place for now. One hopes the FI MLA's are pushing the development case during their UK visit.
cyan: Tony makes some fair points. Regarding point 4; I think that Zama would be an easier asset to sell on . It is probably a more attractive asset to potential buyers. I think the remoteness is not so significant as the actual earnings potential from the very favourably taxed Falklands regime. The volume of oil to PMO from SEALION would make it their largest producing asset. I think there's an arguable case for selling Zama. As marmar80 says the delay has hit the share price. Some still doubt whether SEALION will ever get the go-ahead. The share price would be at least double today's , imo, if investors had certainty .
cyan: You 'recall' wrong Chris. You just keep on making up stuff. Its a pity you got locked out of your 'chrisoil' account and so can not go back and edit away your awful posts there; This one is just one of the silly ones; "RKH 2011 Share Price Estimation Thread (RKH) chrisoil 3 Apr'11 - 17:37 - 8 of 11 0 0 900m at least recoverable Sea Lion proven and flow tested end of the year.I say £25.17 NAV based on Edison Notes 22 march 2011 re 900m recoverable so SHARE PRICE end of 15th Dec £19.17If explore chatham 100m ontop but lets keep it conservative.This includes 10%to 5% issue of shares at some point re November 2011 to gain extra £200m cash for 2012 exploration for south east acerage and apprasials on Chatham " ================================================================================ £19.17 lol
whackford: Steve - you may be right about buying out RKH but I would expect far better than a 50% premium. The carry for Phase 1 is worth about 60p per RKH share ($375m).. I believe there is a price below which PMO would find it very worthwhile to buy RKH. Similarly, there is an RKH share price above which RKH management would find it beneficial to become part of PMO with its wider, non-Falkland assets which are already producing. Both companies have, I should think, considered exploring this price-band. If PMO had 100% of the basin and could raise enough from the Zama sale they would have a major oil source (F.I.) without sharing with a farminee.
schachmeister: I don't think the share price,although rock bottom, reflects, in any way, the chances of FID. Share prices are driven by sentiment and sentiment was very good when SL was discovered,hence £5+ a share but now on the eve of FID, it's 23p,this is because sentiment is extremely poor in most oil shares now,check the long-term price graphs and nearly all junior/mid tier oil shares exhibit horrific car crash type graphs with around 80/90% knocked off the shareprice. Two oil price crashes,the prospect of electric vehicles,lack of interest in speculative/risky shares,a wobbly market that has returned 'zero' since 2000 are all contributors to The Rock's lowly share price,so this current share price, in no way, fairly reflects the chances of SL being sanctioned this year. The share price was higher before they found any oil, now they have discovered 300mb,have $35million in cash and a $740million free carry to first oil ,yet the share price is half what is was when they didn't have a single barrel. If one looks at this rationally, it doesn't make any sense because price valuations on shares are simply whatever people are willing to bid them up or down to - regardless of fundamentals. Aim is just a big game- where the vast majority are guaranteed to lose money but the losers play a vital role in this 'game of chance', because without them,they'd be no winners ;-)
duckdown: I'm invested in both I3E and RKH tony. I'd say RKH has bigger long term potential, with an entire oil province worth of upside. With oil prices as they are, there should also be short term gains to be had with FID & project sanction looking more and more likely by the day. If you're looking at the next 12-18 months, I3E has huge potential to be many multiples of its current share price. They own 100% of the Liberator field with 33mmbbls of resources and an appraisal well next year is likely to increase that to 80mmbbls. Whilst these are relatively small numbers compared with RKH's resources, I3E only have a very small market cap (£36million) which is ludicrously cheap for 33mmbbls in the North Sea (low political risk etc). The cost to first oil is very cheap and the plan is to be producing 10-15k bopd by the end of next year. Their share price has dropped recently because there was a delay with their JV negotiations, but they are still very confident of securing funding to meet the timeline to first oil next year. If you believe (like I do) that they will get the funding sorted, then it's definitely one to watch. DYOR as always though! Worth reading the presentations and there are some videos of the management on Youtube too - the I3 Energy directors are the guys behind Ithaca so they know what they're doing in the North Sea. Both companies have a lot of potential providing they get their projects funded. In the current oil price environment there is reason to be confident about both in my opinion, and the next few months will be key. Good luck.
citizent: 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!
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!
Rockhopper Exploration share price data is direct from the London Stock Exchange
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