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 Shares Traded Last Trade
  +0.30p +0.85% 35.50p 885,012 16:35:07
Bid Price Offer Price High Price Low Price Open Price
35.25p 35.80p 36.25p 35.05p 35.35p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.70 -6.64 -0.99 162.4

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Date Time Title Posts
20/9/201813:12Rockhopper - developing oilfields in the falklands for 2020/2121
01/6/201817:39fogl / rkh merger thread165
11/5/201720:36L2 - Observations, comments and screenshots57
09/2/201617:57*** Rockhopper ***25

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Rockhopper Exploration Daily Update: Rockhopper Exploration is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker RKH. The last closing price for Rockhopper Exploration was 35.20p.
Rockhopper Exploration has a 4 week average price of 33.50p and a 12 week average price of 33.50p.
The 1 year high share price is 44.95p while the 1 year low share price is currently 20p.
There are currently 457,406,655 shares in issue and the average daily traded volume is 1,201,672 shares. The market capitalisation of Rockhopper Exploration is £162,379,362.53.
cyan: tonynorstrom1 wrote; "1) I thought I read somewhere that year end cash would come down from 55m to 25m." I would like to see where that came from. The results dated sept 17 did not hint at that. hTTps:// Extract; "Building a material production base in the Greater Mediterranean to protect balance sheet strength and fund future growth -- Material increase in production - net working interest production averaged 1.2 kboepd in H1 2017 (H1 2016: 0.6 kboepd), up 92% over H1 2016 -- H1 2017 revenue increased to US$5.1 million, up 74% over H1 2016 -- Cash operating costs in Greater Mediterranean reduced by 44% to US$8.7 per boe (H1 2016: US$15.5 per boe) -- Continued focus on managing corporate costs - H1 2017 general and administrative costs (excluding acquisition related costs) reduced by 34% to US$2.5 million (H1 2016: US$3.8 million) -- General and administrative costs covered by operating cash flows (excluding changes in working capital)" "Capital expenditure in the second half of 2017 is expected to be in the range of US$5-10 million, with the majority relating to pre-development activities on Sea Lion and residual close-out costs associated with the 2015/16 exploration campaign in the Falklands." In the 18 May 2018 AGM statement they wrote; "Our Greater Mediterranean portfolio continues to meet its primary objective, namely to provide a production and cash flow base to fund our corporate and operating costs and protect our balance sheet. Balance sheet cash is preserved for capital investment, primarily in the Falkland Islands. hTTps://
tonynorstrom1: I emailed Rockhopper and they confirmed BRent as the applicable benchmark. I assume that a discount would apply due to distance from market so as discussed here maybe a number somewhere between Brent and WTI should be considered when analyzing the stock. Any thoughts on the true value of the shares now - I saw a report maybe on this board where they value the shares at around 70p. This assumes a 55% probability of the project proceeding, $70 Per barrel oil price, WACC of 12% I think and includes Egypt, arbitration and phase 2 of Sealion. Assuming that all these assumptions are correct and that the project is given the green light in the next couple of months - this would mean a share price of 130p may be possible in the next 3 - 6 months. Why does the board think we are currently 37p versus the 70p estimate?
tommy_h_59: ONCE Production has started,which dividend do You ExpctWhich Share Price do You Expect?
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!
cyan: Life of field costs; $35 per barrel hTTps:// Extract "-- Sea Lion Phase 1 estimated capex to first oil reduced from US$1.8 billion to US$1.5 billion and life of field costs down to US$35 per bbl" My estimate for daily production to RKH is circa 30,000 barrels per .
jpsmithson: Cyan that projection seems a bit stingy. At say $75 oil doing gross $230m revenue, equates to £174m. FI petroleum tax 9% leaves £158.34m Corporation tax 19% leaves £128.25m 457m shares in issue so on a p/e 10 share price = £2.80, p/e 15 = £4.20. This is on Sea Lion only, I am fairly new to this share so anything obvious I have missed please correct.
imperial3: I just wonder what the share price would be when Sealion is in full production?
marmar80: I understand the share price collapsed here in 2015 when oil plummeted below $30 per barrel. This what I don't understand is why the share price is still on the same levels when oil increased now to $70!This has to go up!
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!
hopefullyrich: credit to thegreaterfool from ii If I wasn't crying so hard about the share price, I'd laugh. You've got to admire RKH's consistency. Farm-in : share price drops Confirmation of oil : share price drops Sign for a rig : share price drops Agree expensive extraction method : share price drops Agree cheaper extraction method : share price drops Argentina make threats : share price drops Argentina threats disappear : share price drops II holdings go down : share price drops II holdings go up : share price drops Bulletin board traders predict a fall : share price drops Bulletin Board traders predict a rise : share price drops Drill actually starts turning in the ground, with 5 more drills to come, high CoS, fully funded, and a commitment to produce even if all of them hit nothing : share price drops You can't buy this kind of consistency anywhere else.
Rockhopper Exploration share price data is direct from the London Stock Exchange
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