Sea Lion Update

RNS Number : 6870T

Rockhopper Exploration plc

26 July 2022

 

26 July 2022

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Sea Lion Update

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, is pleased to announce that all regulatory consents required for the transaction between the Company, Harbour Energy plc ("Harbour") and Navitas Petroleum LP ("Navitas") as announced on 19 April 2022 (the "Transaction") have been received from both the Falkland Islands Government ("FIG") and the UK Secretary of State. As part of the Transaction, FIG has agreed to grant a two-year licence extension to all the licences held by Rockhopper in the North Falkland Basin. Accordingly, the licences will now run until 1 November 2024.

The Transaction remains subject to certain other conditions but is expected to formally complete during Q3 2022.

Enquiries:

Rockhopper Exploration plc

Sam Moody - Chief Executive Officer

Tel. [phone] (via Vigo Consulting)

Canaccord Genuity Limited (NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor/Gordon Hamilton

Tel. [phone]

Peel Hunt LLP (Joint Broker)

Richard Crichton/Alexander Allen

Tel. [phone]

Vigo Consulting

Patrick d'Ancona/Ben Simons/Kendall Hill

Tel. [phone]

The information contained within this Announcement is deemed by Rockhopper Exploration plc to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

 

END

 

 

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