Stock data
| Market cap. | £805m |
| Last close | 283.25p |
| High / Low (52 weeks) | 393.5p / 141.0p |
| Stock market listing | AIM |
| Forecast net cash (US$m) | 158.7 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Oil & Gas |
| Sector | Oil & Gas |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (19.07) | (21.32) | 31.74 |
| Relative * | (15.1) | (14.86) | 44.78 |
* % Relative to local index
Other companies covered in sector
| Y/E Mar | Revenue (US$m) | EBITDA (US$m) | PBT (US$m) | EPS (fd) (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.0 | (7.2) | (7.1) | (6.1) | N/A | N/A |
| 2011A | 0.0 | (2.6) | (1.5) | (0.7) | N/A | N/A |
| 2012E | 0.0 | (7.4) | (3.6) | (1.5) | N/A | N/A |
| 2013E | 0.0 | (7.8) | (6.5) | (2.3) | N/A | N/A |
Last updated on 18/04/2012
Latest research
Fans of the Falklands
Outlook | Oil & Gas | 08/11/2011
Step out, step forward
Update | Oil & Gas | 22/03/2011
The long game
Update | Oil & Gas | 14/02/2011
Well placed
Update | Oil & Gas | 10/06/2010
Moving into the spotlight
Update | Oil & Gas | 23/04/2010
First well in the Falklands has spudded
Flash note | Oil & Gas | 23/02/2010
The first Falklands discovery
Update | Oil & Gas | 05/06/2009
Delivering on potential
Review | Mining | 28/05/2008
Uplifting logistics
Quarterly Update - Trading update | Mining | 26/02/2008
Milestone achieved
Quarterly Update | Mining | 09/11/2007
High value unlocked
Quarterly Update - Trading update | Mining | 25/07/2007
A drill-ready portfolio
Outlook | Mining | 17/04/2007
Investment summary
A 20-month drill campaign has moved resource estimates for Rockhopper’s Sea Lion field to nearly 400mmbbl of high-quality oil, with two further oil discoveries in Casper and Casper South. Assets such as this do not go undeveloped and we firmly believe it is now a question of who is going to develop it. Hugely robust economics point to a significant valuation gap to our updated core NAV of 580p. With value crystallisation almost guaranteed through either farm-out and development or acquisition, we think Rockhopper could be a rare low-risk, two-way bet into one of the most exciting frontier plays around.
Last updated on 23/04/2012
Industry outlook
Activity in the Falklands continues. Rockhopper's own drilling programme has ended but a four well exploration programme in the Southern Basin is underway, targeting nearly eight billion barrels of prospective resources with first results from Borders & Southern's Darwin East well expected before end April.
Last updated on 23/04/2012
Key management
| Dr Pierre Jungels, Chairman |
| Sam Moody, MD |
| Peter Dixon-Clarke, FD |
Company address
| Hilltop Park Devizes Road Salisbury SP3 4UF United Kingdom View website |
