Rockhopper Exploration (GB:RKH) has released an update.
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Rockhopper Exploration plc has secured an insurance policy to protect its shareholders should the Ombrina Mare Arbitration Award be annulled by the Italian Republic, guaranteeing a minimum payout of €31 million. Additionally, the company has signed a deal to sell its Italian assets to Zodiac Energy Limited, which will see a reduction in liabilities and costs, and a refocus on their Sea Lion project while retaining potential upside from two undeveloped licenses.
For further insights into GB:RKH stock, check out TipRanks’ Stock Analysis page.