REG - Rockhopper Exp plc - Annulment Insurance Update

Rockhopper ExplorationAnnouncement

07/07/2025 07:00

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RNS Number : 9596P  Rockhopper Exploration plc  07 July 2025

The information contained within this Announcement is deemed by Rockhopper
Exploration plc to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue
of the European Union (Withdrawal) Act 2018 ("MAR").

 

7  July 2025

 

Rockhopper Exploration plc

("Rockhopper" or the "Company")

 

Annulment Insurance Update

 

Rockhopper Exploration plc (AIM: RKH), the oil & gas company with key
assets in the North Falkland Basin, provides the following update in respect
of the insurance policy announced on 14(th) October 2024 and intended to
protect against an unsuccessful outcome in the Ombrina Mare ICSID arbitration.

 

Following the annulment of the award by the ad hoc Panel, as announced on
3(rd) June 2025, Rockhopper submitted claims and statements of loss under the
terms of the insurance policy.

 

The lead insurer has confirmed that the loss has been triggered and, as a
result, Rockhopper is therefore confident it will receive the full €31
million amount to which it is entitled under the policy.  The Company will
make a further announcement once the funds are received.

 

Rockhopper intends to submit a new request for arbitration and is in
discussion with the new funder (announced on 20 December 2023) with regard to
the timing of this new request.  A further release will be made as and when
appropriate.

 

 

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/James Asensio/Charlie Hammond

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/Fiona Hetherington

Tel. +44 (0) 20 7390 0234

 

 

 

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