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: Sea Lion – North Falkland Basin
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 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 […]
Rockhopper chairman and NED step down
Outgoing chairman of Rockhopper Exploration said the company was in the “strongest possible” position it had been in for “some considerable time” as a new leadership takes over on 1 October. EXPERIENCE Keith Lough and non-executive director John Summers leave on 30 September after nine “challenging and enjoyable” years to make way for former Capricorn […]
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 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 […]