Play it again Sam10 Dec 2025 21:09
I haven’t posted much on here in recent months, mainly because I became a father in the summer so I’ve been focusing on that, but also because FID has seemed inevitable since the placing (if not before) - it was just a matter of time.
Make no mistake though, this is a huge moment for Rockhopper, its shareholders and the Falkland Islands.
I first bought in 2009 when I was just a nipper really. I hadn’t long graduated from university and after a chance conversation with a North Walian builder who tipped Desire Petroleum, I ended up getting involved in the Interactive Investor bulletin boards & offline email chats, then putting all my spare cash into DES, RKH & FOGL over the next few years. What to many isn’t a lot of money was huge to me back then, and after 2012 I watched on as all those investments became pretty much worthless. There were times when I almost cursed the moment I found out about the Ocean Guardian setting sail, but actually the excitement of it all back then was almost worth the monetary cost!
It has certainly been a rollercoaster since but like many here it’s the belief in the NFB that kept me interested and invested. It’s taken 15 years since the original discovery well to get to this point and it hasn’t been easy - shale oil growth, oil price crashes, pandemics, trade wars, net zero, ESG etc. To be honest it’s probably been the worst 15 years ever to be invested in O&G, yet here we are. Sam Moody has made his fair share of mistakes but to navigate an AIM minnow to holding 35% of a significant portion of a new oil province of this size with less than a billion shares in issue is petty spectacular.
Of course there are challenges and risks ahead both in terms of Sea Lion development technically/geologically and the wider macroeconomic environment but there is also enormous potential too - way beyond what most shareholders could even dream of.
This is a pivotal moment but in reality it’s just the start of the journey. I know there are many people who have been waiting a long time and they want to take their profits which is understandable. Whilst I never expected the share price to drop on FID, a lot of people wanted to take money off the table at this stage and it’s still another 2-2.5 years until first oil so maybe it’s understandable. To be honest I’ve come this far and had written off my investment for so long that I want to see if through now. I still think there is a chance that RKH will hit all time highs in the years to come and will be taken out at a figure of £6 or more. Maybe that’s wishful thinking but the first star is now in place so let’s see if the others align.
Thanks to all those who kept posting during the dark & desperate times - for their research, wisdom and camaraderie. It’s been quite the journey.
I personally don’t care what the share price on the screen is today - it’s time to raise a glass, celebrate this milestone and look forward to seei
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