Rockhopper Exploration (RKH)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

18.39p
   
  • Change Today:
      0.21p
  • 52 Week High: 28.00p
  • 52 Week Low: 14.00p
  • Currency: UK Pounds
  • Shares Issued: 457.74m
  • Volume: 407,973
  • Market Cap: £84.18m
  • RiskGrade: 431

Rockhopper Exploration makes 'good progress' ahead of new Egyptian campaign

By Iain Gilbert

Date: Thursday 03 Jan 2019

LONDON (ShareCast) - (Sharecast News) - Oil and gas outfit Rockhopper Exploration told investors on Thursday that it had made some "good progress" with its Falklands operations in its last trading year.
Rockhopper revealed that it had extended letters of intent with contractors at its 40% owned Sea Lion asset by up to twelve months as it moved to progress the project to sanction.

Elsewhere, Rockhopper's 22% owned Egyptian operations had seen current production from its Abu Sennan project in Egypt hit approximately 3,800 barrels of oil equivalent per day, broadly in line with average production rates throughout 2018, while its Al Jahraa-10 well was brought into production at a rate of 130 barrels of oil per day and its exploration well ASZ-1X was spudded on 8 November.

Moving forward, Rockhopper has agreed to an active drilling programme with an unnamed partner in 2019, including the drilling of one exploration well, two development wells and a water injection well, as it continues to target the Al Jahraa field.

Drilling will kick off during the first quarter, with capital expenditure expected to come to roughly $4m.

On the numbers side of things, the AIM-listed firm saw out the year with a cash balance of $40m but noted that it had accrued unpaid costs of roughly $5m as a result of pre-development expenditures at Sea Lion.

As of 1040 GMT, Rockhopper shares had slipped 4.35% to 22p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RKH Market Data

Currency UK Pounds
Share Price 18.39p
Change Today 0.21p
% Change 1.16 %
52 Week High 28.00p
52 Week Low 14.00p
Volume 407,973
Shares Issued 457.74m
Market Cap £84.18m
RiskGrade 431

RKH Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
45.41% above the market average45.41% above the market average45.41% above the market average45.41% above the market average45.41% above the market average
40.66% above the sector average40.66% above the sector average40.66% above the sector average40.66% above the sector average40.66% above the sector average
Price Trend
62.41% below the market average62.41% below the market average62.41% below the market average62.41% below the market average62.41% below the market average
7.07% above the sector average7.07% above the sector average7.07% above the sector average7.07% above the sector average7.07% above the sector average
Income Not Available
Growth
38.87% above the market average38.87% above the market average38.87% above the market average38.87% above the market average38.87% above the market average
1.69% below the sector average1.69% below the sector average1.69% below the sector average1.69% below the sector average1.69% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

RKH Dividends

No dividends found

Trades for 24-Jan-2020

Time Volume / Share Price
16:23 8,124 @ 18.40p
16:19 2,154 @ 18.33p
16:14 50,000 @ 18.38p
15:59 3,490 @ 18.46p
15:14 165 @ 18.25p

RKH Key Personnel

CEO Samuel John Moody
Chair David McManus
CFO Stewart MacDonald

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