Through the acquisition of FOGL, Rockhopper acquired a 52% interest in Noble Energy operated acreage to the south and east of the Falkland Islands. Following the results of the Humpback well, Noble and Edison gave notice to withdraw from this acreage. As a result, during 2017 Rockhopper became operator of the South & East Falkland Basin acreage with a 100% working interest. No outstanding financial or operational commitments exist in relation to the Company’s South & East Falkland Basin interests.
In 2022, the Falkland Islands Government agreed to extend each of the company’s South Falkland Basin licences to 3 December 2024.