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 […]
Tag: Rockhopper Exploration plc
Rockhopper awarded €190m in arbitration with Italy
Rockhopper Exploration plc has been awarded €190 million (£160m) compensation relating to the Ombrina Mare oil field dispute following the ICSID* arbitration with Italy. OUTCOME “The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation,” added the company in a statement. “The award is final and binding […]
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 raises $3.4m via open offer
Rockhopper Exploration plc said it had raised US$3.4 million (£2.8m) from an open offer in respect of 39,652,160 units. The number represents more than 69% of the 57,310,264 available open offer units. In addition to the placing and subscription on 15 June, Rockhopper has now raised in aggregate US$10.4 million (£8.5 million).
Rockhopper raises £5.75m via placing and subscription
Rockhopper Exploration plc has raised US$7 million (£5.75m) through a placing and subscription. DISCOUNT The company placed 82,182,776 units each at the issue price of 7 pence, which is a 12.5% discount to the closing price on 14 June 2022. Each unit comprises one new ordinary share and, for every two new ordinary shares subscribed for, […]
Rockhopper notes close of arbitration
Rockhopper Exploration plc said that it had been told that the proceedings related to the Ombrina Mare arbitration were closed on 25 April 2022. DAMAGES The International Centre for Settlement of Investment Disputes (ICSID) tribunal has 120 days after closing to issue its award, extendable by 60 days. Rockhopper is seeking damages based on lost […]