We have updated our model for Rockhopper, including for the recent EUR19m arbitration cash payment. Rockhopper continues to make strong progress towards FID on its Sea Lion project, with operator Navitas reworking the development to reduce upfront CAPEX earlier this year, and now focusing on securing full funding. Taking Sea Lion towards and through a positive FID would be very positive for Rockhopper and the value of its stake in the project, and the recent arbitration monetisation provides imp ....

12 Jul 2024
Rockhopper Exploration (RKH LN) - Forecast update and investment case review

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Rockhopper Exploration (RKH LN) - Forecast update and investment case review
Rockhopper Exploration plc (RKH:LON) | 55.4 0.3 1.1% | Mkt Cap: 356.8m
- Published:
12 Jul 2024 -
Author:
Daniel Slater, CFA -
Pages:
6 -
We have updated our model for Rockhopper, including for the recent EUR19m arbitration cash payment. Rockhopper continues to make strong progress towards FID on its Sea Lion project, with operator Navitas reworking the development to reduce upfront CAPEX earlier this year, and now focusing on securing full funding. Taking Sea Lion towards and through a positive FID would be very positive for Rockhopper and the value of its stake in the project, and the recent arbitration monetisation provides imp ....