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 […]
Tag: Rockhopper Exploration plc
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 […]
Rockhopper-Harbour-Navitas extend Falklands deal date
Rockhopper Exploration plc, Harbour Energy plc and Navitas Petroleum LP have extended the provisions of the signed heads of terms for its licences in the North Falkland Basin. TRANSACTION The deal will see Harbour sell its interests, leaving Rockhopper with 35% and Navitas 65% compared with 30% each previously. Rockhopper today said that the date […]
Rockhopper CFO Stewart MacDonald to step down
Rockhopper Exploration plc announced that Stewart MacDonald will step down as executive director and chief financial officer on 31 January 2022. Mr MacDonald is to take up a senior leadership role with another company. Following his departure, Rockhopper’s financial controller since 2011 William Perry will lead the company’s finance function but will not join the […]
Rockhopper signs Falklands deal with Navitas
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 […]
Rockhopper looks to Navitas as new Falklands partner
Rockhopper Exploration plc said it was in discussions with potential partner Navitas Petroleum LP after Harbour Energy plc decided against proceeding with the Sea Lion project in the North Falkland Basin. HARBOUR In its interim results published today, Harbour said it had undertaken a thorough review of the Sea Lion project in which it has a […]