Crude Oil (WTI)

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11:09am	Ukraine drones target two refineries, airfield in Russia's Krasnodar region, Kyiv source says	RE
07:47am	Oil refinery in Russia's Krasnodar region damaged in Ukraine drone attack, authorities say	RE

Rockhopper notes Navitas update on the Sea Lion asset

January 22, 2024 at 09:02 am EST

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company with key interests in the Falkland Islands - Notes Navitas Petroleum LP's update on the Sea Lion asset. Says Navitas has identified suitable and available existing floating production storage and offloading vessels, and is actively working with leading industry vendors to secure all long lead equipment, continuing to target Sea Lion phase 1 final investment decision in 2024 and first oil at the end of 2026.

Adds that gross 2C resources rise to 791 million barrels from 712 million. Rockhopper holds a 35% working interest in Sea Lion and associated North Falkland Basin licences and benefits from various loans from Navitas in relation to the development, which are detailed in previous announcements.

Current stock price: 10.67 pence, up 3.3%

12-month change: up 20%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
ROCKHOPPER EXPLORATION PLC	13.75 GBX	+2.23%	+2.80%	109M

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