Click on headlines below to download research

Termination of coverage
Termination of coverage | 29/07/2020

Edison Investment Research is terminating coverage on Avacta Group (AVCT), BCI Minerals (BCI), Destiny Pharma (DEST), Globalworth Real Estate Investments…

Parties committed to complete Sea Lion deal
Rockhopper Exploration | 23/04/2020

Rockhopper Exploration recently announced that its Greater Mediterranean assets generated $10.3m revenue in 2019 as it focused on progressing with Sea…

Sea Lion funding outlook strengthened
Rockhopper Exploration | 10/01/2020

Rockhopper (RKH) has announced that, together with Premier Oil, it has signed Heads of Terms with Navitas Petroleum to farm down a 30% interest in the…

Two material events on the horizon
Rockhopper Exploration | 07/08/2019

The Rockhopper (RKH)/Premier Oil (PMO) joint venture (JV) has submitted the preliminary information memorandum (PIM) to potential providers of senior debt…

Market heavily discounting Sea Lion
Rockhopper Exploration | 23/01/2019

Based on our analysis, we believe the current share price implies a c 20% chance of success for Sea Lion Phase 1 at $70/bbl or c 39% at a $60/bbl…

Phase 1, a step closer to FID
Rockhopper Exploration | 24/08/2018

Premier Oil’s (PMO) half-year results included several indications of the operator’s intent to progress the development of Sea Lion. This included:…

Operator confident in 2018 Sea Lion Phase 1 FID
Rockhopper Exploration | 19/03/2018

Premier Oil’s (PMO’s) FY17 results highlighted progress made by the Sea Lion project operator in securing vendor/debt financing, a key hurdle…

Greater Med assets provide positive cash flow
Rockhopper Exploration | 26/02/2018

Rockhopper has provided an update on the company’s Greater Mediterranean assets, reporting improved production from Abu Sennan, strong realisations…

Sea Lion on track for 2018 sanction
Rockhopper Exploration | 11/01/2018

Sea Lion Phase 1 continues to progress towards project sanction, targeted for end 2018. Focus remains on financing the $1.5bn gross capex required to achieve…