Rockhopper Exploration | 2025 Half Year Report
Funded for FID: Strong Balance Sheet, Institutional Support, and Clear Path to FID by Year-End
Disclosure: As of now, I own shares in Navitas and Rockhopper. This is not advice or a recommendation. The content reflects my personal opinion and is for informational purposes only. This post should not replace reading the official company’s financial reports. It also does not guarantee that Argentina will not continue to challenge the project for political reasons.
Background
This morning, Rockhopper published its Half-Year Results for the Six Months Ended 30 June 20251, including some highlights and outlooks (share price as of publishing: 75.8p).
Rockhopper Exploration, holding a significant stake in the Sea Lion project, continues to position itself for a Final Investment Decision (FID) in partnership with Navitas Petroleum. The operator has reiterated its guidance for FID in the second half of 2025, supported by recent placement and an improved balance sheet.
The company stresses its long-term partnership with the Falkland Islands Government (FIG), reaffirming its support for the islanders’ right to develop their natural resources.
Rockhopper has operated offshore the Falkland Islands since 2004, with the Sea Lion discovery made in 2010.
An updated version of the March 2025 analysis will be available in Episilon’s Newsletter soon. In the meantime, if you are new to it, read the March 2025 analysis.