CEO’s vision and strategy

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CEO’s vision and strategy 2017-04-26T16:44:29+00:00

Sam Moody

“Rockhopper’s strategy is to build a well-funded full-cycle, exploration led E&P company.

This strategy is underpinned by three core themes: Balanced portfolio in core geographical areas, maintaining balance sheet strength and value accretive exploration.”

Sam Moody, Chief Executive Officer

Vision

To build a well-funded, full-cycle, exploration-led E&P company

Strategy

Strategic aim

  • Building a balanced portfolio in core areas
    • Focus on North Falkland Basin and Greater Mediterranean
    • Across the full asset life cycle
    • Production base to enable growth through exploration

Delivery in 2016

  • Acquisition and integration of exploration and production assets in Egypt
  • Material increase in economic production* to 1,350 boepd

* Economic production includes production from the effective date (being 1 January 2016) of the acquisition of assets in Egypt.

  • Maintaining balance sheet strength
    • Prudent balance sheet management
    • Partial monetisation of assets to fund development
    • Disciplined approach to cost management
  • Year-end cash and term deposits $81 million; no debt
  • Reduced recurring G&A by 30% over last two years
  • Value accretive exploration
    • Leveraging technical skillset
    • Focus on proven hydrocarbon basins
    • Managed exposure to high-impact opportunities
  • Independent resources audit confirmed 517 mmbbl (2C) in Sea Lion Complex with 207 mmbbl of near-field exploration upside

Delivery on strategy

CEO's vision