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Rockhopper Exploration ( (GB:RKH) ) has issued an update.
Rockhopper Exploration has successfully secured €31 million from an insurance policy related to the Ombrina Mare ICSID arbitration. The company is also progressing with the disposal of its Italian assets to Zodiac Energy Limited, with the transaction subject to regulatory approvals. This strategic move allows Rockhopper to focus on the Sea Lion development by reducing costs and liabilities while retaining potential upside in two Italian licenses.
More about Rockhopper Exploration
Rockhopper Exploration plc is an oil and gas company with key interests in the North Falkland Basin.
Average Trading Volume: 3,010,076
Technical Sentiment Signal: Buy
Current Market Cap: £481.3M
For an in-depth examination of RKH stock, go to TipRanks’ Overview page.