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Rockhopper Secures €31 Million Insurance Payout Post-Arbitration Annulment

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Rockhopper Secures €31 Million Insurance Payout Post-Arbitration Annulment

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Rockhopper Exploration ( (GB:RKH) ) just unveiled an announcement.

Rockhopper Exploration has announced that following the annulment of an award by an ad hoc panel, it has triggered a €31 million insurance policy related to the Ombrina Mare ICSID arbitration. The company is confident in receiving the full amount and is planning to submit a new request for arbitration, with discussions underway regarding the timing of this request.

More about Rockhopper Exploration

Rockhopper Exploration plc is an oil and gas company with key assets located in the North Falkland Basin. The company focuses on exploration and development within this region, aiming to leverage its strategic positioning in the energy sector.

Average Trading Volume: 2,712,494

Technical Sentiment Signal: Buy

Current Market Cap: £376.8M

For detailed information about RKH stock, go to TipRanks’ Stock Analysis page.

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