Rockhopper Exploration Reveals $1.8 Billion Valuation of Sea Lion Stake

Rockhopper Exploration ( (GB:RKH) ) has provided an update.

Rockhopper Exploration has announced the publication of an independent resource evaluation by Netherland, Sewell & Associates, Inc., highlighting the company’s significant oil resources in the North Falkland Basin. The evaluation estimates Rockhopper’s net 2C contingent resources at 255 million barrels, valued at $1.8 billion at an oil price of $70 per barrel. This assessment underscores the potential value of Rockhopper’s stake in the Sea Lion project, with ongoing efforts to realize this value through development plans and financial agreements with Navitas Petroleum.

The most recent analyst rating on (GB:RKH) stock is a Buy with a £30.00 price target. To see the full list of analyst forecasts on Rockhopper Exploration stock, see the GB:RKH Stock Forecast page.

More about Rockhopper Exploration

Rockhopper Exploration plc is an oil and gas company with significant interests in the North Falkland Basin. The company focuses on the exploration and development of oil resources, particularly holding a 35% working interest in the Sea Lion project and associated licenses. Rockhopper benefits from various financial arrangements with Navitas Petroleum to support its development activities.

Average Trading Volume: 2,801,801

Technical Sentiment Signal: Buy

Current Market Cap: £347.7M

For detailed information about RKH stock, go to TipRanks’ Stock Analysis page.