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Rockhopper Exploration ( (GB:RKH) ) has issued an announcement.
Rockhopper Exploration plc has reached a full and final settlement with United Oil and Gas plc regarding the transfer of the Abu Sennan concession in Egypt. As part of the agreement, United will issue Rockhopper 59,823,810 shares, resolving all outstanding matters related to the transaction, which could positively impact Rockhopper’s financial position and strategic focus in its core operating areas.
More about Rockhopper Exploration
Rockhopper Exploration plc is an oil and gas company with significant interests in the North Falkland Basin. It focuses on exploration and development projects in this region, aiming to leverage its assets to capitalize on opportunities within the oil and gas industry.
YTD Price Performance: 42.23%
Average Trading Volume: 3,657,461
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £228.7M
See more insights into RKH stock on TipRanks’ Stock Analysis page.
