Rockhopper recently released its 2017 results, reporting year end net cash of US$51m, as previously guided, and in line with our forecast. The statement also mentioned the Sea Lion funding process, which continues to progress, with the JV moving forward with the due diligence process for commercial bank funding. Sea Lion funding is the absolute key focus for the stock, with good progress having been made over the last six months, and a genuine possibility of meaning the JV is able to reach FI
30 Apr 2018
2017 results follow up 2017 results follow up
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2017 results follow up 2017 results follow up
Rockhopper Exploration plc (RKH:LON) | 13.4 0 0.0% | Mkt Cap: 85.8m
- Published:
30 Apr 2018 -
Author:
Daniel Slater, CFA -
Pages:
3
Rockhopper recently released its 2017 results, reporting year end net cash of US$51m, as previously guided, and in line with our forecast. The statement also mentioned the Sea Lion funding process, which continues to progress, with the JV moving forward with the due diligence process for commercial bank funding. Sea Lion funding is the absolute key focus for the stock, with good progress having been made over the last six months, and a genuine possibility of meaning the JV is able to reach FI