Shares in the Falkland oil firm have been excessively discounted, analyst Leila Reddy said in a note, which re-initiated coverage with a ‘buy’ and a 225p target.
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Rockhopper Exploration Plc is a United Kingdom-based oil and gas exploration company. It has with licenses to explore oil and gas in the North Falkland Basin. Rockhopper has 100% of four licenses in the North Falkland Basin, PL023, PL024, PL032 and PL033. PL023 and PL024 licenses cover an area of 2100 square kilometers and PL032 and PL033 licenses cover 1620 square kilometers. It has also farmed in to licenses PL03 and PL04, which cover an area of 1340 square kilometers.
11/06/13
Holding(s) in Company04/06/13
Result of GM31/05/13
Total Voting Rights15/05/13
Holding(s) in Company13/05/13
Holding(s) in Company02/05/13
Holding(s) in Company30/04/13
Posting of Circular29/04/13
Total Voting Rights19/04/13
Holding(s) in Company08/04/13
Publication of Corporate Presentation20/11/12
Shares in the Falkland oil firm have been excessively discounted, analyst Leila Reddy said in a note, which re-initiated coverage with a ‘buy’ and a 225p target.
12/07/12
The US$1 billion deal between Premier Oil and Rockhopper Exploration has the potential to spark the next wave of exploration in the north Falkland basin.
13/06/12
It is believed the proposed referendum in the Falklands could boost interest from the oil and gas industry.
31/05/12
While some potential partners are unable to participate in the proposed development due to its location, Rockhopper is ‘very pleased’ with the quality of the companies that are participating in the ‘data room’.
20/04/12
Analysts at banking heavyweight Goldman Sachs say they are disappointed by the new competent persons report from Falkland oil firm Rockhopper Exploration.
Goldman Sachs reiterates its "buy" rating and raised its price target to 466p from 444p.
Press: 22.03.13: -1.87, (158.13) Press: Source - Independent Hedge fund manager Crispin Odey, who owns 10 per cent of the company, has been... read more
08.01.13 :-2.5, (171) Barclays upgrades its rating to "overweight" from "equal weight" but cut its price target to 290p from 350p.
17.12.12 :-1.5, (155.5) Merchant Securities reiterates its "neutral" rating but cut its price target to 328p from 358p.
Societe Generale upgrades its rating to "buy" from "hold" but cut its price target to 200p from 210p.
| Date | Director | Trans | Amount | Type | Price(p) | Value (£) | Holding | % |
|---|---|---|---|---|---|---|---|---|
| 01/02/13 | S.J. Moody | EX | 208,176 | OPT | 0.00 | 0 | 1,391,047 | 0.49 |
| 01/02/13 | P.J. Dixon-Clarke | EX | 141,509 | OPT | 0.00 | 0 | 700,833 | 0.25 |
| 18/07/12 | D.H. Bodecott | BUY | 14,982 | ORD | 198.25 | 29,702 | 257,239 | 0.09 |
| 18/07/12 | S.J. Moody | BUY | 7,490 | ORD | 198.25 | 14,849 | 1,164,387 | 0.41 |
| 18/07/12 | P.J. Dixon-Clarke | BUY | 12,484 | ORD | 198.25 | 24,750 | 297,759 | 0.10 |
| Date | Type | Turnover | Profit | EPS (p) | Dividend (p) | Currency |
|---|---|---|---|---|---|---|
| 30/09/12 | Interim | 0.00 | -6.38 | -2.24 | 0.00 | USD |
| 31/03/12 | Full year | 0.00 | -53.78 | -19.92 | 0.00 | USD |
| 30/09/11 | Interim | 0.00 | -32.53 | -12.60 | 0.00 | USD |
| 31/03/11 | Full year | 0.00 | -87.19 | -40.58 | 0.00 | USD |
| 30/09/10 | Interim | 0.00 | -27.49 | -14.82 | 0.00 | USD |