http://www.falklands-oil.com/

http://www.rockhopperexploration.co.uk

http://www.argosresources.com/




Rockhopper was established in 2004 with a strategy to invest in and undertake an offshore oil exploration programme in the North Falkland Basin. It was floated on AIM in August 2005. Rockhopper was the first company to make a commercial oil discovery in the Falklands. Today Rockhopper is the largest acreage holder in the North Falkland Basin, with interests in the Greater Mediterranean region.

StockMarketWire.com
Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided a corporate update, the highlights of which are below:

- Economic production* from Egypt and Italy for the year ended 31 December 2016 expected to average approximately 1,350 boepd net to Rockhopper

- Sea Lion continues to progress through the detailed engineering phase of FEED - improved economics with updated Field Development Plan and Environmental Impact Statement submitted to the Falkland Islands Government

- Ombrina Mare arbitration expected to commence in Q1 2017

- Isobel Deep well insurance settlement achieved - expected resulting year-end 2016 cash at upper end of previous guidance.

Both moving up in the last week or so.

Predator circling perhaps.

Operational and Corporate Update
Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following operational and corporate update.

Sea Lion Phase 1, North Falkland Basin (RKH 40% working interest)
The front end engineering and design (FEED) process continues to make good progress with the technical engineering phase of FEED approaching conclusion. During 2017, the focus will shift to the commercial, fiscal and financing elements of the project. Engagement with Falkland Islands Government (FIG) on a range of operational, fiscal and regulatory matters is expected to continue through H1 2017.

Rockhopper notes the recent announcement by Premier Oil in relation to its proposed refinancing. Rockhopper believes the completion of Premier's refinancing will significantly enhance the discussions around the financing of the Sea Lion development.

Abu Sennan, Egypt (RKH 22% working interest)
The work programme and budget for the Abu Sennan Concession sees the imminent drilling of both an exploration and a development well close to the Al Jahraa and Al Jahraa SE fields (over which a new development lease was awarded in Q4 2016) during the first half of 2017.

The exploration well, Al Jahraa-SE2, which is due to spud in March 2017, will target the AR-C reservoir in the fault block immediately to the south of the Al Jahraa SE field.

On completion of the exploration well, the rig will move directly to Al Jahraa-9, which is a development well expected to spud in May 2017. This development well targets the AR-C reservoir at a location deeper than the current deepest oil penetration at Al Jahraa-4 (no oil water contact has yet been encountered in the field) thereby aiming to prove additional reserves. The well also seeks to demonstrate the connection between the Al Jahraa and Al Jahraa SE fields through the oil leg. In addition, the operator has proposed two work-over operations during Q2 2017.

The outcome of operations in H1 2017 on the Abu Sennan Concession will determine the activities during the second half of the year.

In addition, the Company notes the recent announcement by Kuwait Energy in relation to the farm-out of a 25% interest in the Abu Sennan Concession. The Company has confirmed to Kuwait Energy that it waives its right of pre-emption in relation to this transaction. Whilst the details of Kuwait Energy's proposed farm-out are confidential they nonetheless re-enforce the attractive terms on which Rockhopper entered the Abu Sennan Concession last year.

Ocean Rig settlement
As set out in the Company's interim results announcement on 14 September 2016, the operators of the 2015/16 North Falkland Basin exploration campaign entered into arbitration with Ocean Rig in relation to the termination of Eirik Raude rig.

The Company can now confirm that a settlement has been reached between the operators and Ocean Rig.

Year-end 2016 cash position and 2017 capital expenditure guidance
As previously disclosed, Rockhopper's year-end 2016 cash balance was approximately $80 million (unaudited). Adjusting the year-end cash position for Rockhopper's contribution to anticipated North Falkland Basin exploration campaign close out costs and the settlement with Ocean Rig, keeps Rockhopper's adjusted year-end cash balance in line with the Company's previous guidance of $60-$65 million. In addition to the year-end cash position, Rockhopper's Egyptian General Petroleum Corporation (EGPC) receivable balance as at 31 December was approximately $4 million.

2017 development, exploration and abandonment spend is expected to be approximately $13 million, of which $8 million relates to pre-development activities on Sea Lion, $3 million to exploration and development activities in Egypt and $2 million to abandonment costs. The abandonment spend principally relates to the decommissioning and removal of the Ombrina Mare tripod - the cost of which Rockhopper will seek to recover through an international arbitration process of which a further update will be provided shortly.

StockMarketWire.com
Rockhopper has swung to a FY pretax profit of $98.0m, from a loss of $44.7m, as it delivered on a number of operational, corporate and strategic objectives.

The company's revenue improved to $7.42m, from $3.97m.

CEO David McManus said that, in 2016, Rockhopper delivered on a number of operational, corporate and strategic objectives.

These included completing a highly successful exploration campaign in the Falklands, progressing the company's flag-ship Sea Lion development into FEED, whilst at the same time adding material incremental production in the Greater Mediterranean.

"As the technical engineering phase of the Sea Lion FEED approaches conclusion, focus will shift in 2017 to the commercial, fiscal and financing elements of the project," said McManus.

"With the spot price for Brent crude fluctuating around $55 per barrel in early 2017, and the cost efficiencies realised through the FEED process, the Board is convinced the economics of the Sea Lion project are sufficiently robust to be sanctioned in the current environment, assuming the required capital investment can be secured," he said. "As a result of the acquisition of Beach Egypt, combined with corporate cost savings achieved through the year, operating cash flows are expected to broadly cover the Group's overheads during 2017."

McManus added that directors believed this production and cash flow, when combined with Rockhopper's existing balance sheet, helped secure the long-term sustainability of the company whilst preserving flexibility to further grow its Greater Mediterranean business in 2017.

StockMarketWire.com
Rockhopper Exploration announces the start of the 2017 drilling campaign on the Abu Sennan Concession in Egypt.

The company has a 22% working interest in the concession.

Exploration well Al Jahraa SE-2X, situated on the recently awarded Abu Sennan-5 (Al Jahraa South East) Development Lease, was spudded on 25 April 2017 by the Operator Kuwait Energy as part of a two-well drilling campaign.

The well would target the Cretaceous Abu Roash-C reservoir in the fault block immediately to the south of the Al Jahraa South East discovery location where, if successful, it could add over 20 mmbbls of STOIIP to the development lease.

The well was anticipated to take about 40 days to drill and evaluate, and in the success case would be immediately completed as an oil producer.

Following completion of the Al Jahraa SE-2X well, the rig woulds move to the Al Jahraa-9 location to drill a development well, which would target the AR-C reservoir at a location deeper than the current deepest oil penetration at Al Jahraa-4.

"The aim will be to demonstrate the connection between the Al Jahraa and Al Jahraa South East fields through the oil leg," the company said.

StockMarketWire.com
Rockhopper Exploration has confirmed the disposal of a portfolio of non-core interests onshore Italy to Northern Petroleum.

It said the deal was structured as the sale of Rockhopper Civita Ltd, a subsidiary company that at completion would hold all of the Petroleum Licences being disposed.

Under the terms, Northern would assume all future abandonment and decommissioning liabilities associated with the Petroleum Licences.

In consideration, Rockhopper would make a cash payment to Northern at completion of $1.6m.

"Following completion of the transaction, which is expected by year end 2017 and is subject to standard regulatory approvals in Italy, Rockhopper's interests in Italy will be focused on the producing Guendalina gas field and the Serra San Bernado exploration permit (which contains the Monte Grosso exploration prospect)," the company said.

"The previously announced international arbitration against the Republic of Italy in relation to the Ombrina Mare project is unaffected by this transaction."

The Petroleum Licences comprised:
- Scanzano Concession (100% interest)

- Monte Verdese Concession (60% interest)

- Torrente Celone Concession (50% interest)

- Aglavizza Concession (100% interest)

- Civita Permit (100% interest)

- San Basile Concession (85% interest).

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This is going to jump upwards if there are any rumours about a development rig being sent to the north Falklands.....

http://www.edisoninvestmentresearch.com/research/report/rockhopper-exploration683754/full

Rockhopper Exploration
Sea Lion on track for 2018 sanction
11 January 2018 | Oil & gas, Rockhopper Exploration, Flash

There are several of these mid-cap oil companies that are now starting to recover......in line with crude of course.....RKH sp slowly recovering.....

Who Should Attend?Date:

Tuesday 13 February 2018

Venue:

Novotel Tower Bridge, London EC3N 2NR, 10 Pepys Street, London, EC3N 2NR

Event Timings:Sponsored by:

StockMarketWire.com
Rockhopper Exploration said a letter of intent had been signed with Diamond Offshore Drilling for provision of a drilling unit for the Sea Lion Phase 1 development in the North Falkland Basin, of which it has a 40% stake.

The letter granted a period of exclusivity until 31 December during which time the joint venture would negotiate binding documentation based on agreed principles for the provision of the drilling unit and vendor financing.

'We believe that teaming up with Diamond is a significant step in our continued progress towards sanction with our partner Premier Oil,' chief executive Samuel Moody said.

'Having already signed LOIs for the provision of well services and logistical support, focus now moves to the sub-sea equipment suppliers where we hope to make progress during the remainder of Q1 as we continue discussions on the senior debt element of the financing plan.'

StockMarketWire.com
Rockhopper Exploration said production levels had improved at an Egyptian asset, while oil prices had risen.

Net production from the company's 22% stake in the Abu Sennan asset currently stood at 880 barrels of oil per day, a similar to levels recorded at the end of 2017.

Four new wells were planned to be drilled on the Abu Sennan and El Qa'a Plain properties in 2018, Rockhopper said

Sealion might get the goahead....crude is up....and they might win the dispute with the Italian government...and elsewhere production is increasing...and a minimal market cap....all this leads to a surging sp !.....

Just a blip and back down she goes,no news for a while here,PMO just got a lawyer to deal with things in house.

StockMarketWire.com
Rockhopper Exploration said it was close to selecting the main contractors for its Sea Lion project in the Falkland Islands and expected to sign up a bank lender imminently.

The company was currently seeking vendor funding of $400m.

'Following a comprehensive commercial bank market engagement process, with a number of banks expressing a desire to support the project, a pathfinder bank will be appointed imminently to assist with the arrangement of senior debt facilities for the project,' chairman David McManus said in speech notes for the company's annual general meeting.

With Brent crude currently trading above $75 a barrel, McManus said the economics of the project were highly attractive.

StockMarketWire.com
Oil and gas exploration and production firm Rockhopper Exploration said it has appointed Standard Chartered Bank as pathfinder bank for the proposed senior debt project financing of the Phase 1 development of its Sea Lion project. The project still needs to secure funding to go ahead.

The Al-Jahraa-6 development well, in which Rockhopper has a 25% working interest, was expected to spud this week. It should take 60 days to drill and would be immediately followed by a second development in the field, Al Jahraa-10.

Meanwhile, the exploration well in El Qa'a Plain in Egypt, in which the firm has a 25% working interest, has been plugged and abandoned after no hydrocarbons were found.

Once finance is secured for Sealion : the sp in my opinion should climb....the project is looking a lot more viable with crude rocketing.....

Peel Hunt today reaffirms its buy investment rating on Rockhopper Exploration PLC (LON:RKH) and cut its price target to 60p (from 70p).

Peel Hunt today (13/07/18) reaffirms its buy investment rating on Rockhopper Exploration PLC (LON:RKH) and raised its price target to 70p (from 60p).