LON:RKH
Rockhopper Exploration Plc
ACTIONABLEMethodology gates passed
Position levels
Currenttoday
67.00p
Buy <=wait / entry
51.67p
Trim >=take some off
75.00p
Thesis breakA failed farm-out process combined with a material adverse reserves downgrade, f...
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Scenario-weighted conviction
| Probability | Score | Contribution | |
|---|---|---|---|
| Bull case | 26% | 100 / 100 | 26.0 |
| Base case | 49% | 62 / 100 | 30.4 |
| Bear case | 25% | 10 / 100 | 2.5 |
| Weighted conviction | 59 / 100 - OPPORTUNISTIC BUY | ||
Top risks
- NDA 1 project sanctioned in late 2025, fully funded, targeting first oil in Q1 2028
- $200 million capital raise completed, funding operations through mid-2028
- Updated reserves report shows 2P reserves of 110mmbbls and 2C resources of 219mmbbls with post-tax NPV10 increased by $0.79bn to $2.95bn