Rockhopper Exploration plc

Equities

RKH

GB00B0FVQX23

Oil & Gas Exploration and Production

Market Closed - London S.E. Other stock markets 11:35:02 2024-04-26 am EDT			5-day change	1st Jan Change
13.75 ^GBX	+2.23%		+2.80%	+23.32%

Jan. 22	Rockhopper notes Navitas update on the Sea Lion asset	AN
Jan. 22	Rockhopper Exploration Says Resources at North Falkland Basin Grew 11%	MT

Rockhopper makes progress in Italy dispute

July 13, 2023 at 08:56 am EDT

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration and production company - Says a provisional stay of enforcement will be lifted provided that it establishes an escrow account within the next five working days. This comes after Italy sought to annul an August 2022 award favouring Rockhopper under the Energy Charter Treaty. This resulted in an arbitration panel saying that Italy had breached its obligations under the award and thus owed Rockhopper EUR190 million in compensation.

Chief Executive Officer Sam Moody says: "We welcome the approach adopted by the ad hoc committee and believe this outcome will allow us to commence enforcement with no risk to Italy of non-recoupment pending the outcome of the annulment."

Current stock price: 13.07 pence, up 0.6% on Thursday

12-month change: up 86%

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

Latest news about Rockhopper Exploration plc

Rockhopper notes Navitas update on the Sea Lion asset	Jan. 22	AN
Rockhopper Exploration Says Resources at North Falkland Basin Grew 11%	Jan. 22	MT
Rockhopper Enters Deal to Monetize Award from Arbitration Case Against Italy; Shares Climb	Dec. 20	MT
Rockhopper shares leap up on new monetisation deal	Dec. 20	AN
Rockhopper loss widens; Synectics inks new contract	23-09-28	AN
Earnings Flash (RKH.L) ROCKHOPPER EXPLORATION Reports H1 Loss $-0.00	23-09-28	MT
Rockhopper Exploration plc Reports Earnings Results for the Half Year Ended June 30, 2023	23-09-28	CI
FTSE 100 Closes Down on Higher UK Rate Outlook	23-08-16	DJ
Sterling Could Fall as BOE Rate Expectations Rise Due to Economy Worries	23-08-16	DJ
Rockhopper Exploration Names New Nonexecutive Chair	23-08-16	MT
Rockhopper names ex-Cairn Energy CEO as non-executive chair	23-08-16	AN
Rockhopper Exploration plc Announces Board Changes	23-08-16	CI
FTSE 100 Closes Up 0.3% as US Inflation Data Supports Optimism	23-07-13	DJ
BP Likely to Launch Lower Buybacks in 3Q Versus 2Q	23-07-13	DJ
Rockhopper makes progress in Italy dispute	23-07-13	AN
Rockhopper Exploration plc Auditor Raises 'Going Concern' Doubt	23-06-05	CI
Rockhopper Exploration revenue falls annually amid lower gas prices	23-05-30	AN
Rockhopper Exploration plc Reports Earnings Results for the Full Year Ended December 31, 2022	23-05-30	CI
Fragrant Prosperity to buy Hi 55, Oscillate talks end	23-03-23	AN
TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution	22-12-02	AN
Rockhopper Exploration plc Announces Extension of South Falkland Basin Licences	22-11-30	CI
TRADING UPDATES: 4Global wins deal; James Cropper profit warning	22-10-31	AN
Rockhopper Falls 25% as Italy Challenges $188 Million Arbitral Award	22-10-31	MT
AIM WINNERS & LOSERS: TP riss on takeover deal; Rockhopper vows fight	22-10-31	AN
Rockhopper Exploration plc Reports Earnings Results for the Half Year Ended June 30, 2022	22-09-29	CI

Chart Rockhopper Exploration plc

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Company Profile

Rockhopper Exploration plc is a United Kingdom-based oil and gas exploration and production company. The Company operates through three segments, the oil and gas exploration and production activities in the geographical regions of the Falkland Islands and the Greater Mediterranean region, as well as its corporate activities centered in the United Kingdom. In North Falkland Basin, the Company holds a 35% interest in licenses PL032 and PL033. It also holds a 35% interest in PL004A, which contains the Isobel/Elaine discovery and PL004B, which contains the Zebedee discovery and PL004C. In addition, the Company holds operatorship of licenses PL005 with a 100% interest, PL003a with a 95.5% interest, and PL003b with a 60.5% interest. Its South Falkland Basin licenses include PL011, PL012 and PL014. It holds interests in two licenses with material upside, which include AC19 and Monte Grosso in Italy.

Sector

Oil & Gas Exploration and Production

Calendar

2024-05-27 - Q4 2023 Earnings Release (Projected)

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.1375 GBP

Average target price

0.3 GBP

Spread / Average Target

+118.18%

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