Extension of South Falkland Basin Licences

RNS Number : 9884H

Rockhopper Exploration plc

30 November 2022

 

30 November 2022

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Extension of South Falkland Basin Petroleum Licences

Rockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin, is pleased to announce that, following discussions with the Falkland Islands Government ("FIG"), FIG has agreed to extend each of the Company's South Falkland Basin Production Licences, in which the Company holds a 100% interest, until 3 December 2024. The Licences were previously due to expire on 3 December 2022. There are no additional licence commitments.

Samuel Moody, Chief Executive Officer, commented: 

"The Company is grateful to the Falkland Islands Government for the extension of its South Falkland Basin licence interests. Whilst our primary focus is on working with Navitas to bring the Sea Lion development in the North Falkland Basin to fruition, this extension will enable us to progress our understanding of these highly prospective licences in the south - in particular, the PL011 licence which adjoins the Borders & Southern Darwin discovery - which offer the opportunity for future regional development in the Falklands."

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/Georgia Langoulant

Tel. [phone]

Vigo Consulting

Patrick d'Ancona/Ben Simons/Kendall Hill

Tel. [phone]

 

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