Rockhopper Share Price (RKH)

Definitely time to buy if your a newbie.

Can't see many negatives in this RNS and looks like the project is finally coming to fruition. No more fundraising confirmed and looks like the tax liability for the farm out to Premier/Harbour doesn't have to be paid.

Looks like the long wait for all long term investors will eventually pay off.

Https://www.londonstockexchange.com/news-article/RKH/final-results/16481690

I genuinely feel one of the most encouraging updates in recent times.

All IMHO DYOR

Happy

A load of nonsense. Russia has plenty of Oil, they dont need anymore, which is in a difficult and expensive envirnoment to bring to market.

Good read this

"When you have a fiscal challenge, the bigger you are, the stronger you are," Ithaca's Myerson said, adding the company was looking to expand overseas to Norway, Denmark and elsewhere.

I realise Ithaca is focused on the North Sea, but with the spectra of a Labour Gov coming into power almost nailed on, which would mean the EPL is raised and the re-investment tax break will be cut, why would anyone look to increase investment in the North Sea? Could that "Elsewhere" be the Falklands, after all Ithaca are backed by Delek and with dwindling returns why do more in the North Sea than they have to! There will come a point with so many projects pushed back; bigger companies leaving the NS, that it will just spiral down and will never come back to where it once was.

It would make a lot of sense pre FID and give some clout to the project, having ran Oil and Gas operator onboard. It would no doubt help with funding too, undecided players may come into line with Ithaca coming into the fold. Just a thought!

LTT