Rockhopper Exploration ("Rockhopper") (AIM: RKH) is an AIM listed oil and gas exploration company based in the United Kingdom.
Rockhopper has licences to explore for oil and gas in the North Falkland Basin, a basin with two proven petroleum systems and a proven high quality oil source rock.
The company was admitted to AIM in 2005 and has since completed an extensive work programme in the area, including two 2D seismic surveys, a 3D seismic survey, four CSEM lines, site surveys and benthic sampling.
In February 2010, the Ocean Guardian drilling rig arrived in Falklands waters to carry out a multi-well drilling campaign. Rockhopper drilled an exploration well on its Sea Lion prospect during April and May 2010, the result of which is the first oil discovery and Contingent Oil Resource in the North Falkland Basin.
Blocklisting Interim Update and Total Voting Rights
The Company provides the following update in accordance with Schedule Six of the AIM Rules for Companies regarding its existing block listing arrangements.
Name of company
Rockhopper Exploration PLC
Name of scheme
Options over Ordinary Shares that were granted under the 10 May 2005 scheme to Falklands Conservation and various persons associated with businesses in the Falkland Islands
Period of return (from/ to)
28 July 2011 to 28 January 2012
Number and Class of Securities not issued at the start of the period under the scheme
14,358 Ordinary Shares
Number of securities issued under the scheme during the period
0 Ordinary Shares
Balance under the scheme of securities not yet issued at the end of the period
14,358 Ordinary Shares
Number and class of securities originally admitted and the date of admission
50,000 Ordinary Shares admitted on 3 February 2010
In order to take into account all Ordinary Shares issued under the above block listing to date the Company also provides notification that the issued share capital of the Company consists of 284,154,596 ordinary shares of 1p each with voting rights. No Ordinary Shares are held in treasury.
The above figure of 284,154,596 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FSA's Disclosure and Transparency Rules.
Rockhopper Exploration plc
Sam Moody - CEO
01722 414 419
M: Communications Ltd
Patrick d'Ancona or Ben Simons
0207 153 1547
Canaccord Genuity (NOMAD and Broker)
Charles Berkeley / Henry Fitzgerald-O'Connor
020 7050 6500
This information is provided by RNS
The company news service from the London Stock Exchange
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii
Rockhopper Exploration PLC
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iii
GLG Partners LP
4. Full name of shareholder(s) (if different from 3.):iv
N/A
5. Date of the transaction and date on which the threshold is crossed or reached:v
19/01/12
6. Date on which issuer notified:
20/01/12
7. Threshold(s) that is/are crossed or reached: vi, vii
< 5%
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of shares
if possible using the ISIN CODE
Situation previous to the triggering transaction
Resulting situation after the triggering transaction
Number of Shares
Number of Voting Rights
Number of shares
Number of voting rights
% of voting rights x
Direct
Direct xi
Indirect xii
Direct
Indirect
GB00B0FVQX23
2,621,146
2,621,146
2,621,146
2,621,146
0.92%
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument
Expiration date xiii
Exercise/ Conversion Period xiv
Number of voting rights that may be acquired if the instrument is exercised/ converted.
% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument
Exercise price
Expiration date xvii
Exercise/ Conversion period xviii
Number of voting rights instrument refers to
% of voting rights xix, xx
CFD
N/A
N/A
N/A
11,544,582
Nominal
Delta
4.06%
4.06%
Total (A+B+C)
Number of voting rights
Percentage of voting rights
14,165,728
4.99%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
GLG Partners is an investment management firm investing money on behalf of clients and investment funds
Proxy Voting:
10. Name of the proxy holder:
Not applicable
11. Number of voting rights proxy holder will cease to hold:
Not applicable
12. Date on which proxy holder will cease to hold voting rights:
Not applicable
13. Additional information:
Not applicable
14. Contact name:
Dan Johnson
15. Contact telephone number:
020 7016 7426
This information is provided by RNS
The company news service from the London Stock Exchange
Rockhopper Exploration plc ('Rockhopper' or the 'Company') announces the grant of share appreciation rights ('SARs') relating to the Company's ordinary shares of 1 pence each ('Ordinary Shares') to several of its Directors under the terms of the Company's existing Unapproved Employee Share Option Scheme.
Name of Executive
Position
Total number of Shares comprised in the SAR
SARs (% of current issued ordinary share capital)
Total SARs awarded
Total SARs (% of current issued ordinary share capital)
Sam Moody
Chief Executive Officer
103,703
0.04%
1,217,248
0.43%
Peter Dixon-Clarke
Finance Director
67,489
0.02%
581,697
0.20%
David Bodecott
Exploration Director
67,489
0.02%
581,697
0.20%
The base price of the SARs awarded on 17 January 2012 was 303.75 pence per Ordinary Share (being the official closing price of an Ordinary Share on the dealing day immediately preceding the date of grant).
The Company's Remuneration Committee has made this annual award of SARs subject to certain performance conditions (the "Performance Conditions") which must be satisfied for the SARs to vest:
1. 10% will vest upon satisfaction that all operations have been completed in accordance with health and safety standards and that there has been no materially adverse environmental impact caused by operations.
2. 40% will vest upon satisfactory progress being made towards reaching Final Investment Decision on the Sea Lion field in accordance with the timetable agreed by the Board.
3. 50% will vest upon timely completion of a Competent Person's report in accordance with the Company's needs.
Any unvested SARs will lapse if the Performance Conditions are not achieved by 31 December 2012.
The current issued share capital of Rockhopper is 284,154,596 Ordinary Shares.
Rockhopper Exploration plc
Sam Moody - CEO
01722 414 419
M: Communications Ltd
Patrick d'Ancona or Ben Simons
0207 153 1547
Canaccord Genuity (NOMAD and Broker)
Charles Berkeley / Henry Fitzgerald-O'Connor
020 7050 6500
This information is provided by RNS
The company news service from the London Stock Exchange
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached:ii
ROCKHOPPER EXPLORATION ORD
2 Reason for the notification (please tick the appropriate box or boxes):
An acquisition or disposal of voting rights
X
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments
An event changing the breakdown of voting rights
Other (please specify):
3. Full name of person(s) subject to the notification obligation:iii
Royal London Asset Management Limited
4. Full name of shareholder(s) (if different from 3.):iv
Registered Shareholder
Nominal
%
HSBC Global Custody Nominees (UK) Ltd
14,105,219
4.9639%
5. Date of the transaction and date on which the threshold is crossed or reached:v
06 January 2012
6. Date on which issuer notified:
09 January 2012
7. Threshold(s) that is/are crossed or reached: vi, vii
4%
8. Notified details:
A: Voting rights attached to sharesviii, ix
Class/type of shares
if possible using the ISIN CODE
Situation previous to the triggering transaction
Resulting situation after the triggering transaction
Number of Shares
Number of Voting Rights
Number of shares
Number of voting rights
% of voting rights x
Direct
Direct xi
Indirect xii
Direct
Indirect
GB00B0FVQX23
14,390,219
14,390,219
14,105,219
14,105,219
N/A
4.9639%
N/A
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction
Type of financial instrument
Expiration date xiii
Exercise/ Conversion Period xiv
Number of voting rights that may be acquired if the instrument is exercised/ converted.
% of voting rights
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction
Type of financial instrument
Exercise price
Expiration date xvii
Exercise/ Conversion period xviii
Number of voting rights instrument refers to
% of voting rights xix, xx
Nominal
Delta
Total (A+B+C)
Number of voting rights
Percentage of voting rights
14,105,219
4.9639%
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: xxi
See 4 above
Proxy Voting:
10. Name of the proxy holder:
N/A
11. Number of voting rights proxy holder will cease to hold:
N/A
12. Date on which proxy holder will cease to hold voting rights:
N/A
13. Additional information:
14. Contact name:
Charlotte Wright
15. Contact telephone number:
020 7506 6588
This information is provided by RNS
The company news service from the London Stock Exchange
Totally disagree there OB. Regardless of where the current negotiations are with potential JVs (I don't think they have come far but thats just me), what this is about is resource sharing. Argentina wants a cut. The sensible thing to do is to renegotiate as soon as possible in order to minimize any impact on potential JV ramifications and to not delay future development. Any JV partner needs to consider what will Argentina's role be in all of this. It is inevitable that resource sharing will occur but how much will Argentina want? Where is it coming from for the commercial income base or split 3 ways from the UK, FIG and commercial income from the developers. You don't go in and spend billions to realise 4 years down the track the PSC/PSA is rewritten and your future income base has been changed to accommodate anopther party at the table. You should know oil companies do not work like this. Soveriegn risk and divisional resource sharing is taken very seriously when assessing the economics.
The complaint o the UN decolonisation committee is a proxy case in order to force the UK and FIG to the negotiation table. Sovereignty is not an issue but resource sharing will probably be when you get down to the nitty gritty of it all. This is the first step to a possible legal challenge at the ICJ or equivalent international arbitration about the resources of the FI should the UK and the FIG wish to ignore it. You need a UN mandate to be contravened in order to take the case further which opens up a can of worms with respect to potential liabilities on a 10-25 year project and tarnishes further development.
Sticking your head in the ground and pompously fluffing the sovereign feathers will not make it go away. I was hoping Kirchner would be voted out at the last election and this would be avoided. She is going to pursue this like a chihuahua going at your ankles. The proper response is for them to be cu tin on this and everyone get on with their job. In the end there will be enough to go around and getting argentinas involvement will probably viewed as a positive for the development of the oil and gas resources of the FIs.
The apologista in the U.K. are an affront to the truth.
Unfortunately, resource conflicts are inevitable. The planet is now too small.
Those who opposed nuclear armament will always deny it was that big stick
which has kept the world peace since 1945.
I expect HMS Dauntless has had an influence on the speech from Argentina.
Put the politicians on the front line, hand to hand, preferably, to stop all wars, except the resource wars, which China is winning.
“Although the U.S. government has spent more than $940 billion on the conflict in Afghanistan since 2001, a treasure trove of mineral deposits, including vast quantities of industrial metals such as lithium, gold, cobalt, copper and iron, are likely to wind up going to Russia and China instead of American firms.”
The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
