Cost Reductions and PDMR Dealing
Rockhopper Exploration plc announces several measures to materially reduce its cost base following a Board review of expenditure.
Sea Lion farm-in update
Rockhopper Exploration plc is pleased to provide the following update in relation to the previously announced Heads of Terms with Navitas Petroleum LP to farm into the Sea Lion project.
Full-year results for the year ended 31 December 2019
Rockhopper Exploration plc is pleased to announce its audited results for the year ended 31 December 2019.
Impact of COVID-19
Rockhopper Exploration plc provides the following update in response to current market uncertainty related to COVID-19 and commodity price weakness.
Completion of disposal of Rockhopper Egypt Pty Limited
Rockhopper Exploration plc is pleased to announce that following satisfaction of the requisite conditions precedent, the disposal of Rockhopper Egypt Pty Limited to United Oil and Gas plc ("United") has now completed.
Director Share Purchases
Rockhopper Exploration plc announces that on 14 January 2020 a total of 285,00 ordinary shares of £0.01 each in the Company ("Shares") were purchased by certain Directors as follows:
Heads of Terms with Navitas Petroleum to farm-in to the Sea Lion project
Rockhopper Exploration plc is pleased to announce that Rockhopper and Premier Oil Exploration and Production Limited ("Premier") have signed a detailed Heads of Terms with Navitas Petroleum LP ("Navitas") to farm in for a 30 per cent interest in the Sea Lion project (the "Transaction"). In addition, Rockhopper and Premier have agreed certain amendments to their existing commercial arrangements.
Egypt Operational Update
Rockhopper Exploration plc provides the following operational update in relation to the Abu Sennan concession, Egypt (“Abu Sennan”). Through Rockhopper Egypt Pty Limited, Rockhopper holds a 22% working interest in Abu Sennan.
Abu Sennan transaction update
Rockhopper Exploration plc is pleased to provide the following progress update in relation to its previously announced disposal of Rockhopper Egypt Pty Limited to United Oil & Gas Plc ("United").
PL032 Discovery Area Licence Extension
Rockhopper Exploration plc is pleased to announce that the Falkland Islands Government has extended the PL032 Discovery Area licence (in which Rockhopper has a 40% working interest) (the "Licence") until 1 May 2021, with no additional licence commitments. The Licence was previously due to expire on 15 April 2020.