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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…

Funding solution could drive FID in 2018
Rockhopper Exploration | 26/09/2017

Rockhopper (RKH) holds c 50% of the Sea Lion field, one of the largest undeveloped fields globally. With gross contingent 2C reserves of 517mmbbls…

All eyes on financing
Rockhopper Exploration | 07/09/2017

Rockhopper’s (RKH) half year results indicate that it (and Premier Oil, PMO) are making progress in moving Sea Lion towards FID, particularly with…

Disposing Civita makes sense
Rockhopper Exploration | 08/06/2017

Rockhopper Exploration (RKH) has announced the disposal of its Civita gas field (and a collection of other properties) to Northern Petroleum. The deal…

Sea Lion economics robust in current environment
Rockhopper Exploration | 12/04/2017

Rockhopper’s (RKH) full year 2016 results do not reveal any material news, but do help underline the progress the company made in 2016 with the acquisition…