Rockhopper Share Price (RKH)

https://www.malcysblog.com/2019/07/oil-price-rockhopper-united-and-finally/

For Rockhopper this has been a good asset but given a chance to crystallise real value ahead of the formal loan application this was a no-brainer. The company have made a ‘profit’ of some $8m on a $12m investment in 2 1/2 years and putting the money into Sea Lion which will unlock transformational value makes a lot of sense.

For United this is a major piece of business buying an asset for $16m with a market cap of only £14m. As CEO Brian Larkin states ‘this is a truly transformational deal for United. Not only will it deliver our first production, positive cashflow and significant reserves it also offers very promising infill and exploration upside’.

Overall this is one of those deals that appears genuinely good for both sides, RKH has shown an ability to buy low and sell high and has delivered ahead of the crucial Sea Lion denouement. UOG has, in one step, really grown the company, as advertised.

Frogga

You could have been out of this for the last 4 years and it would have made no difference to this dog. So whats going to happen in the next 5 months that your scared to be out, please tell us.

Begs the question, what the deuce do Sam and his cronies do all day now that Egypt is gone?
Welcome to sub 10p RKH very soon.
RKH = Argos.

Frogga

You could have been out of this for the last 4 years and it would have made no difference to this dog. So whats going to happen in the next 5 months that your scared to be out, please tell us.

Rockhopper should have mentioned the current cash position in today's RNS