Rockhopper Exploration (LSE:RKH) has obtained €31 million from an insurance policy linked to the Ombrina Mare ICSID arbitration. The company is also progressing with the sale of its Italian assets to Zodiac Energy Limited, with the transaction awaiting regulatory approvals.
This strategic initiative enables Rockhopper to streamline operations and reduce costs and liabilities, while preserving potential upside from two remaining Italian licenses. The company continues to focus on the development of its flagship Sea Lion project in the North Falkland Basin.
About Rockhopper Exploration
Rockhopper Exploration plc is an oil and gas company with principal interests in the North Falkland Basin, concentrating on the development of hydrocarbon resources.
This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Leave a Reply