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 […]
Tag: Rockhopper Exploration plc
Rockhopper recruits ex-Capricorn CEO and COO
Rockhopper Exploration plc has recruited former Capricorn Energy chief executive officer Simon Thomson and chief operating officer Paul Mayland to develop its South Falklands assets. ARRIVALS Mr Thomson becomes non-executive chairman and Mr Mayland is appointed independent non-executive director (NED), effective 1 October 2023. Mr Thomson was chief executive officer of Cairn Energy, later renamed […]
Rockhopper-Italy to work jointly over €247m award
Rockhopper Exploration plc and Italy must work together over the €247m Ombrina Mare award, before the oil and gas explorer is allowed to take legal action. PROVISIONAL STAY The ICSID award relates to compensation from Italy’s ban on oil and gas exploration within 12 miles of the Italian coastline, which affected Rockhopper’s activities. In October […]
Rockhopper welcomes Navitas plan for Sea Lion
Rockhopper Exploration plc’s partner has produced a revised development plan for phased drilling of 23 wells for 269 million barrels of oil at the Sea Lion project in the North Falkland Basin. RESOURCE In its 2022 presentation, the company described the Sea Lion project as a world class field that was larger than the North […]
Rockhopper awaits ruling on Italy’s move over award
Rockhopper Exploration plc said today that the Italian Government’s request to annul the €247 million award relating to the Ombrina Mare oil field dispute is due to have its final hearing during Q1 2024. AWARD The award comprises €190 million plus accrued interest from January 2016 to August 2022. Interest was paused for four months following the […]
Rockhopper extends South Falkland licences
Rockhopper Exploration plc has extended each of its oil production licences (100%) in the South Falkland Basin. FOCUS The licences, which were due to expire on 3 December 2022, will remain valid until 3 December 2024. Chief executive Samuel Moody said that the company would continue to focus on working with Navitas Petroleum LP to develop […]