13 December 2021 

 

Rockhopper Exploration plc

(“Rockhopper” or the “Company”)

Directorate Change

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin, announces that Stewart MacDonald has informed the Board of his intention to step down from his role as Executive Director and Chief Financial Officer, effective 31 January 2022, to take up a senior leadership role with another company. 

William Perry, Rockhopper’s Financial Controller since 2011, will lead the Company’s finance function following Mr MacDonald’s departure, although it is not intended that he will join the Board in the immediate future.

Stewart MacDonald, CFO commented:

“I have very much enjoyed my near eight years as Rockhopper’s CFO but have decided that the time is right for me to take on a new role. I will leave the Company with the Sea Lion project entering a new chapter with the proposed farm-out to Navitas. Navitas brings significant, proven capital raising expertise and, through the proposed farm-in, they will take primary responsibility for financing the Sea Lion project going forward.”

Samuel Moody, CEO, commented:

“I would like to thank Stewart for all of his hard work since he joined the Board in 2014.  He leaves us having agreed what we believe is a positive and exciting framework with Navitas that sees us fully aligned and committed to bringing Sea Lion to production.”

Enquiries:

Rockhopper Exploration plc
Sam Moody – Chief Executive
Stewart MacDonald – Chief Financial Officer
Tel. +44 (0) 20 7390 0234 (via Vigo Consulting)

Canaccord Genuity Limited (NOMAD and Join Broker)
Henry Fitzgerald-O’Connor/James Asensio
Tel. +44 (0) 20 7523 8000

Peel Hunt LLP (Joint Broker)
Richard Crichton
Tel. +44 (0) 20 7418 8900>

Vigo Consulting<
Patrick d’Ancona/Ben Simons
Tel. +44 (0) 20 7390 0234