As RKH is my choice for the 2011 competition over at TMF I have done a very long write up, the link to it is here.

http://boards.fool.co.uk/nfsc-2011-rockhopper-write-up-rkh-12137962.aspx

In the meantime a shortened version will be put here for a new dedicated RKH thread to post on.

Rockhopper Exploration
Web Site:  http://www.rockhopperexploration.co.uk/
Epic: RKH
ISIN: GB00B0FVQX23
Shares in Issue: 258,039,606
Market Cap: £948.2m
Closing price on 31st Dec 2010 : 367.5 pence (£3.675)
Cash in the bank: circa £250,000,000 (thats a quarter of a billion pounds)
Cash value per share: 97p per share is cash.
RNS announcements:  http://www.investegate.co.uk/Index.aspx?searchtype=3&words=rkh

Company Description :

Rockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100 per cent. interest in four offshore production licences: PL023, PL024, PL032 and PL033 which cover approximately 3,800 sq. km. Rockhopper has also farmed in (7.5% working interest) to licences PL003 and PL004, which are operated by Desire Petroleum. These licences have been granted by the Falkland Islands government.


An extensive work programme has been carried out over a number of years on the licences operated by Rockhopper. This has included 2D and 3D Seismic and Controlled Source Electromagnetic Mapping (CSEM). In February 2010, the Ocean Guardian drilling rig arrived in Falkland waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which was the first oil discovery and Contingent Oil Resource in the North Falkland Basin. The Sea Lion discovery was successfully tested during September 2010 and was the first oil to flow to surface in Falkland Islands waters. Rockhopper has contracted seismic vessels MV Polarcus Asima and Nadia to carry out a 3D seismic survey, beginning December 2010, over areas of licences PL024, PL032 and PL033 which were not previously defined by 3D, as well as adjacent areas.
PL 023 and PL 024 are in the Southern North Falklands Basin (South NFB) – 100% owned
PL 032 and PL 033 are in the North of the North Falklands Basin (North NFB) – 100% owned.

And so ...... ?
Rockhopper raised £206m in the last placing, to add to the £44m it…

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