Rockhopper Exploration (LSE:RKH) announced its half-year 2025 results, reporting a successful capital raise of up to $140 million to fund the initial phase of the Sea Lion oil field development. The company has met its base equity requirement and remains confident in achieving the Final Investment Decision (FID) by year-end. An independent resource assessment highlights the significant potential of Sea Lion, with valuations reaching up to $2.3 billion at higher oil prices.
Additionally, Rockhopper received €31 million in insurance proceeds following the annulment of the Ombrina Mare Arbitration Award and is continuing its strategic exit from Italian operations to focus on its Falklands assets.
About Rockhopper Exploration
Rockhopper Exploration plc is an oil and gas company with a primary focus on the North Falkland Basin. Operating offshore the Falkland Islands since 2004, the company is advancing the Sea Lion oil field, a high-potential asset with substantial resources.
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