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


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


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 2017

  • 50% increase in production to 1.2kboepd
  • Divestment of non-core Italian interests onshore Italy
  • 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 $51 million; no debt
  • Reduced recurring G&A by 50% over the three 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