REG - Rockhopper Exp plc - Extension of South Falkland Basin Licences

Rockhopper ExplorationAnnouncement

30/11/2022 07:00

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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. +44 (0) 20 7390 0234 (via Vigo Consulting)

 

Canaccord Genuity Limited (NOMAD and Joint Broker)

Henry Fitzgerald-O'Connor/Gordon Hamilton

Tel. +44 (0) 20 7523 8000

 

Peel Hunt LLP (Joint Broker)

Richard Crichton/Georgia Langoulant

Tel. +44 (0) 20 7418 8900

 

Vigo Consulting

Patrick d'Ancona/Ben Simons/Kendall Hill

Tel. +44 (0) 20 7390 0234

 

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