Tag: Rockhopper Exploration

• Wednesday, October 16th 2024 - 08:25 UTC

  Falklands, Rockhopper Exploration disposes of Italian assets to focus on Sea Lion

  

  Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin (“NFB”), has announced it has put in place an insurance policy to cover the event that the Italian Republic succeeds in its attempt to have the Rockhopper Ombrina Mare Arbitration Award annulled and has also signed a share purchase agreement with Zodiac Energy Limited to exit its other Italian assets.

• Tuesday, January 23rd 2024 - 17:31 UTC

  Promising update for Sea Lion development and Falklands' oil industry

  

  Rockhopper Exploration PLC has released a corporate update in which it refers to the recent release published by Navitas Petroleum LP on the Sea Lion development in the North Falkland basin. The release includes an updated development plan to align with their static and dynamic reservoir models, resulting in the increase in certified resources in an updated NFB independent resource report conducted by Netherland Sewell & Associates on behalf of Navitas.

• Thursday, December 1st 2022 - 10:32 UTC

  Rockhopper Exploration South Falkland Basin licenses extended for two years

  

  Rockhopper Exploration oil and gas company which last year agreed to jointly develop the Sea Lion project at the North Falkland Basin with Israel's Navitas as leading financer and operator, announced that following discussions, the Falkland Islands Government had agreed to extend the company's licenses at the South Falkland Basin.

• Tuesday, October 11th 2022 - 10:55 UTC

  Argentina has ten companies in the “bad boys” list for involvement in Falklands oil activities

  

  The Argentine Secretary of Malvinas affairs has included another oil company with interests in the Falklands hydrocarbons industry in the “list of bad boys” for allegedly operating without authorization from Argentina.

• Wednesday, July 27th 2022 - 09:32 UTC

  Falklands extends oil licenses two years for farm-in Rockhopper/Navitas accord

  

  Positive news for Falklands' oil industry development. All regulatory consents for the transaction between Harbour Energy plc and Israel's Navitas Petroleum LP of its Falkland Islands offshore license interests have been approved by the Falkland Islands government and the United Kingdom minister of state.

• Wednesday, April 20th 2022 - 10:05 UTC

  Rockhopper and Israel's Navitas as operator, agree to develop Sea Lion project

  

  Rockhopper Exploration and Navitas Petroleum have reached an agreement by which the Israeli company becomes the operator of the promising Sea Lion project located north of the Falkland Islands. This lays the basis for a new technical and financing plan for a lower-cost development of the Sea Lion area.

• Friday, September 24th 2021 - 09:12 UTC

  Oil company lifts all South Atlantic operations, future of project in Falklands now reshaped

  

  A hydrocarbon development project in the Falkland Islands faces new challenges following the announcement of one of the companies involved that it shall be lifting all South Atlantic operations.

• Thursday, April 9th 2020 - 08:45 UTC

  Falklands' Sea Lion development delayed responding to oil market conditions

  

  Rockhopper Exploration is responding to market developments by reducing staffing levels and activity related to the Sea Lion development in the offshore North Falkland basin. The company plans to maintain a smaller team, mainly focused on regulatory, fiscal and financial issues, pending a recovery in the external macro-environment.

• Wednesday, July 24th 2019 - 23:55 UTC

  Rockhopper divests from Egypt to concentrate in the Falklands' Sea Lion project

  

  Oil and gas exploration firm Rockhopper Exploration, with interests in the Falklands and preparing to advance with the Sea Lion project, has agreed to sell its assets in Egypt to United Oil & Gas in a US$ 16m deal. The sale of Rockhopper Egypt includes a non-operated 22% interest in the Abu Sennan concession onshore Egypt and the existing assets of the business.

• Thursday, September 20th 2018 - 06:52 UTC

  Falklands Sea Lion development on track to begin offshore operations

  

  Negotiations continue with service providers for the Premier Oil-operated Sea Lion development in the offshore North Falkland basin. According to partner Rockhopper Exploration, Phase 1 will develop around 220 MMbbl in license PL032 and a further 300 MMbbl from the license’s remaining resources under Phase 2.