This has been an eventful year of corporate activity so far for Rockhopper Exploration (RKH), as interim results remind us, although the only new information in the half-year figures was news of further cost reductions at the Sea Lion field, which reduce the break-even price to $45 (£34) a barrel.
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Given the ongoing development projects, and limited production from Beach Egypt, the City expects a pre-tax loss of $14.9m and an adjusted loss per share of 3.9¢, moving to losses of £16m and 3.8¢ in 2017.