Added to YB: 2025-06-19
Pitch date: 2025-06-16
RKH.L [bullish]
Rockhopper Exploration plc
+45.61%
current return
Author Info
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Company Info
Rockhopper Exploration plc, an oil and gas exploration and production company, engages in the exploration, appraisal, and development of oil and gas acreage primarily in the Falkland Islands.
Market Cap
GBP 404.1M
Pitch Price
GBP 0.48
Price Target
2.83 (+307%)
Dividend
N/A
EV/EBITDA
-114.60
P/E
8.92
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
value
Rockhopper (RKH.L) - O&G Growth Story for 17 Cents on a Dollar
RKH.L: 4th largest undeveloped deepwater oil discovery worldwide with 321mmbbls (35% working interest) at $25/bbl total cost. $2.3bn NAV trading at 83% discount. FID expected Sep 2025, first production 2H 2027. Partner Navitas provides 0% interest financing. $4.58 PT (6x upside). 2 years wait for FCF but profitable now with no debt.
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