Rockhopper Exploration plc has signed detailed heads of terms for Harbour Energy plc to exit the Falklands Islands and for Navitas Petroleum LP to farm-in. PARTNERS Harbour will sell its interests leaving Rockhopper with 35% and Navitas 65% compared with 30% each previously. Rockhopper and Navitas, the planned operator, will align working interests across their Falkland […]
Tag: North Falkland Basin
Rockhopper extends licences in North Falkland Basin
Rockhopper Exploration plc announced it had extended its North Falkland Basin petroleum licences, including the Sea Lion Discovery Area, until 1 November 2022. DISCUSSIONS The company’s licences had been due to expire on 1 May 2021. The extension follows discussions between the hydrocarbon exploration and production company and joint venture partners, Harbour Energy and the […]
Argos seeks licence extension and partners after H1 losses
Argos Resources Ltd intends to apply for an extension to its licence to operate in the North Falkland Basin. The Falkland Islands-based company is also in talks with parties interested in its drilling licence programme and looking to raise further finance. The news comes as it posted an increase in half year losses compared with the […]