Rockhopper Exploration plc’s partner has indicated that the final investment decision has moved from late 2024 to mid-2025 with first oil during Q4 2027 at Sea Lion in the North Falkland Basin. AREAS The company added that the gross capital expenditure needed to first oil had risen to US$1.4 billion due to inflation but the project […]
Tag: Rockhopper Exploration plc
Rockhopper extends Falkland licences
Rockhopper Exploration plc has secured a two-year extension to all its licences in the North and South Falkland Basin. PARTNERS The Falkland Islands Government granted the extension until 31 December 2026. In the North Falkland Basin, Rockhopper holds a 35% interest in licence PL032, containing the Sea Lion discovery extending into PL004, and PL033. The company […]
Rockhopper receives initial €19m over Ombrina Mare
Rockhopper Exploration plc said it had received €19 million of the €45m tranche I payment of the Ombrina Mare arbitration award. CASH BALANCE The balance of €26m goes to the original arbitration funder, while tranches II and III remain payable to Rockhopper upon a successful annulment outcome. The company’s legal representatives will receive success fees of […]
Rockhopper due first Ombrina Mare payment
Rockhopper Exploration plc said it expected tranche I payment from its Ombrina Mare arbitration award within five business days. The compensation relates to Italy’s ban on oil and gas exploration within 12 miles of the Italian coastline, which affected the company’s activities in the oil field. Rockhopper subsequently went to tribunal at the International Centre […]
Rockhopper issues 20m shares in warrant exercise
Rockhopper Exploration plc issued a total of 20,349,328 ordinary shares of £0.01 each pursuant to the final exercise of warrants issued as part of the capital raising in June 2022. A total 57,176,012 warrants were exercised prior to the expiry date of 31 December 2023 raising gross proceeds of approximately £5.146m since July 2022. The company issued 60,917,237 warrants to […]
Rockhopper issues 900,000 shares in warrant exercise
Rockhopper Exploration plc has issued a total 989,889 ordinary shares of 1 pence each from warrants issued as part of the fundraise in June 2022. The shares were issued on 6, 14, 21 and 28 September 2023 under the company’s existing block listing entitlement. As at 30 September 2023, Rockhopper’s issued ordinary share capital comprised 591,439,130 ordinary shares […]