Outgoing chairman of Rockhopper Exploration said the company was in the “strongest possible” position it had been in for “some considerable time” as a new leadership takes over on 1 October. EXPERIENCE Keith Lough and non-executive director John Summers leave on 30 September after nine “challenging and enjoyable” years to make way for former Capricorn […]
Tag: Navitas Petroleum LP
Rockhopper welcomes Navitas $2.2bn plan for Sea Lion
Rockhopper Exploration plc reported a revised $2.2 billion development plan showing phased drilling of 23 wells for 269 million barrels of oil at the Sea Lion joint venture project in the North Falkland Basin. SEA LION In its 2022 presentation, the company described the Sea Lion project as a world class field that was larger […]
Rockhopper completes Navitas deal for Falkland licences
Rockhopper Exploration plc has completed the transaction for Harbour Energy plc to leave and Navitas Petroleum LP to become a partner in its North Falkland Basin licences. NORTH FALKLAND BASIN The agreement, signed in April 2022, also sees Navitas become the operator and hold a 65% stake in Rockhopper’s the licences. Licence Rockhopper Navitas as […]
Rockhopper given two more years for Falkland licences
Rockhopper Exploration plc has secured a two-year extension to its licences in the North Falkland Basin. TRANSACTION The additional period was granted as part of the transaction, expected to complete during Q3 2022, of the change in companies involved in the project. Rockhopper added that the Falkland Islands Government and the UK Secretary of State had received […]
Rockhopper signs binding deal over Falkland licences
Rockhopper Exploration plc said it had signed legally binding definitive documentation for Harbour Energy plc to exit and Navitas Petroleum LP to enter the North Falkland Basin. TRANSACTION The deal will see Navitas acquire Premier Oil Exploration and Production Ltd, the company in which Harbour Energy plc holds all of its Falkland Islands licences. Rockhopper (35%) and Navitas […]
Rockhopper reports second extension for Falklands deal
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the heads of terms for oil interests in the North Falkland Basin. DATE The companies, which signed the deal in December 2021, first extended the date from 31 January to 31 March 2022. Today’s announced agreement extends the deadline from […]