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Rockhopper Exploration losses deepen after asset writedown

By BFN News | 09:40 AM | Wednesday 18 September, 2019

Rockhopper Exploration booked a deeper first-half loss after it wrote down the value of its Greater Mediterranean portfolio and its revenue slipped. Pre-tax losses for the six months through June amounted to $16.5m, compared to losses of $7.4m on-year. The loss included a $10.1m non-recurring non-cash impairment of goodwill associated with the Mediterranean assets. Revenue fell to $4.8m, down from $5.2m, after the company experienced lower average oil prices. At 9:40am: (LON:RKH) Rockhopper Exploration PLC share price was +0.22p at 19.84p Story provided by

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