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Pin to quick picksRockhopper Share News (RKH)

Share Price Information for Rockhopper (RKH)

London Stock Exchange
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Share Price: 12.80
Bid: 12.70
Ask: 12.80
Change: -0.25 (-1.92%)
Spread: 0.10 (0.787%)
Open: 13.00
High: 13.00
Low: 12.80
Prev. Close: 13.05
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Rockhopper Reports Favourable Ruling In Ombrina Mare Field Arbitration

Thu, 27th Jun 2019 14:15

(Alliance News) - Rockhopper Exploration PLC on Thursday said a tribunal rejected Italy's request for suspending the Ombrina Mare field arbitration and related intra-EU jurisdictional objections.

The oil and gas company with interests in the North Falkland Basin and Greater Mediterranean regions said it has strong prospects of recovering very significant monetary damages - on the basis of lost profits - as a result of Italy's breaches of the Energy Charter Treaty.

"This decision represents an important step in the wider arbitration process. While much is still to be done, we remain positive on the prospects of the claim and look forward to an outcome in early 2020," said Rockhopper Chief Executive Officer Sam Moody.

Rockhopper lodged a request for arbitration with the International Centre for Settlement of Development Disputes back in 2017 after the Italian government banned offshore oil and gas activity close to the coast, banning any exploration or production within 12 nautical miles of the coast. The Ombrina Mare field lies within 12 nautical miles off the coast, and is therefore was affected by the restrictions.

The company expects final outcome of the arbitration in first quarter of 2020.

Shares in Rockhopper were down 1.0% at 20.76 pence each.

More News
22 Jan 2024 14:00

IN BRIEF: Rockhopper notes Navitas update on the Sea Lion asset

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company with key interests in the Falkland Islands - Notes Navitas Petroleum LP's update on the Sea Lion asset. Says Navitas has identified suitable and available existing floating production storage and offloading vessels, and is actively working with leading industry vendors to secure all long lead equipment, continuing to target Sea Lion phase 1 final investment decision in 2024 and first oil at the end of 2026.

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20 Dec 2023 12:16

IN BRIEF: Rockhopper shares leap up on new monetisation deal

Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company with key interests in the Falkland Islands - Enters agreement with a regulated specialist fund for monetisation of an arbitration award. Award, announced in late August, 2022, relates to arbitration against Republic of Italy relating to the Ombrina Mare oil field. Rockhopper will retain legal and beneficial ownership of the award, and the fund will make cash payments in up to three tranches. Will retain around EUR15 million of upfront payment of EUR45 million on completion, due to previous litigation funding agreement in 2017.

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28 Sep 2023 15:08

TRADING UPDATES: Rockhopper loss widens; Synectics inks new contract

(Alliance News) - (Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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16 Aug 2023 08:42

Rockhopper names ex-Cairn Energy CEO as non-executive chair

(Alliance News) - Rockhopper Exploration PLC on Wednesday appointed Simon Thomson as its new non-executive chair, effective from October 1.

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13 Jul 2023 13:54

IN BRIEF: Rockhopper makes progress in Italy dispute

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.

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22 Jun 2023 15:44

UK shareholder meetings calendar - next 7 days

Friday 23 June 
Cadogan Petroleum PLCAGM
Mears Group PLCAGM
Non-Standard Finance PLCAGM
Ocean Harvest Technology Group PLCAGM
Oxford Biomedica PLCAGM
Pelatro PLCAGM
Petrofac LtdAGM
Princess Private Equity Holding LtdAGM
Rathbones Group PLCGM re agreement regarding all-share combination with Invested Wealth & Investment Ltd
Supply@Me Capital PLCGM re open offer warrantholders
Vietnam Enterprise Investments LtdAGM
VPC Specialty Lending Investments PLCAGM
Monday 26 June 
Aterian PLCAGM
Capricorn Energy PLCAGM
Corre Energy BVAGM
Facilities by ADF PLCAGM
Lexington Gold LtdSGM re proposed acquisition of White Rivers Exploration Ltd
LifeSafe Holdings PLCAGM
Premier African Minerals LtdAGM
Vast Resources PLCGM re issuing new share capital
Volvere PLCAGM
Tuesday 27 June 
Acuity RM Group PLCAGM
Comptoir Group PLCAGM
Creo Medical Group PLCAGM
First Tin PLCAGM
Forward Partners Group PLCAGM
Galantas Gold CorpAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Hamak Gold LtdAGM
ICG Enterprise Trust PLCAGM
Impellam Group PLCAGM
India Capital Growth Fund LtdAGM
Inspiration Healthcare Group PLCAGM
Instem PLCAGM
JD Sports Fashion PLCAGM
Kingfisher PLCAGM
Mercantile Ports & Logistics LtdGM re equity fundraising
Mobile Tornado Group PLCAGM
Revolution Beauty Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serabi Gold PLCAGM
Sondrel Holdings PLCAGM
Surface Transforms PLCAGM
Surgical Innovations Group PLCAGM
Trinity Exploration & Production PLCAGM
Wednesday 28 June 
Atalaya Mining PLCAGM
Avacta Group PLCAGM
Boku IncAGM
Cambridge Cognition Holdings PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Cobra Resources PLCAGM
Cora Gold LtdAGM
Dial Square Investments PLCAGM
Itaconix PLCAGM
NB Distressed Debt Investment Fund LtdAGM
Panthera Resources PLCGM re directors’ authority to allot shares
Phoenix Spree Deutschland LtdAGM
Pineapple Power Corp PLCAGM
Polarean Imaging PLCAGM
RA International Group PLCAGM
Schroder European Real Estate Investment Trust PLCAGM
Shield Therapeutics PLCAGM
St Mark Homes PLCAGM
Star Phoenix Group LtdAGM
ValiRx PLCAGM
Velocys PLCAGM
Vertu Motors PLCAGM
Warpaint London PLCAGM
Westminster Group PLCAGM
Zenova Group PLCAGM
Thursday 29 June 
3i Group PLCAGM
Africa Opportunity Fund LtdAGM
Anemoi International LtdAGM
Anpario PLCAGM
Ariana Resources PLCAGM
Beowulf Mining PLCAGM
Celadon Pharmaceuticals PLCAGM
Cornish Metals IncAGM
East Imperial PLCAGM
East Star Resources PLCAGM
Eden Research PLCAGM
Engage XR Holdings PLCAGM
First Class Metals PLCAGM
Gresham House Energy Storage Fund PLCGM re remuneration policy
Gusbourne PLCAGM
HeiQ PLCAGM
Helios Underwriting PLCAGM
Ingenta PLCAGM
IQE PLCAGM
Kooth PLCAGM
Landore Resources LtdAGM
Let's Explore Group PLCAGM
Likewise Group PLCAGM
MGC Pharmaceuticals LtdGM re issue of convertible notes
Morgan Advanced Materials PLCAGM
NetScientific PLCAGM
New Century AIM VCT 2AGM
Norman Broadbent PLCAGM
Reabold Resources PLCAGM
Rockhopper Exploration PLCAGM
Roquefort Therapeutics PLCAGM
Serica Energy PLCAGM
SpaceandPeople PLCAGM
Symphony Environmental Technologies PLCAGM
Synairgen PLCAGM
Thalassa Holdings LtdAGM
tinyBuild IncAGM
Touchstone Exploration IncAGM
Trident Royalties PLCAGM
Unigel Group PLCAGM
Verici Dx PLCAGM
Xpediator PLCAGM
  
Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 May 2023 14:31

Rockhopper Exploration revenue falls annually amid lower gas prices

(Alliance News) - Rockhopper Exploration PLC on Tuesday reported a double-digit drop in yearly revenue as gas prices interfered with production.

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23 Mar 2023 20:32

TRADING UPDATES: Fragrant Prosperity to buy Hi 55, Oscillate talks end

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday not separately reported by Alliance News:

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2 Dec 2022 20:39

TRADING UPDATES: Sunrise secures funds; Bango launches e-distribution

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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31 Oct 2022 19:58

TRADING UPDATES: 4Global wins deal; James Cropper profit warning

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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31 Oct 2022 11:23

AIM WINNERS & LOSERS: TP riss on takeover deal; Rockhopper vows fight

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Monday.

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29 Sep 2022 16:14

EARNINGS SUMMARY: HSS Hire reinstates interim dividend, revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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23 Sep 2022 21:02

TRADING UPDATES: Neometals swings to loss; Funding Circle strikes deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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23 Sep 2022 12:57

Navitas joins Rockhopper as new operator at Sea Lion

(Sharecast News) - Oil and gas explorer and producer Rockhopper Exploration announced on Friday that the transaction enabling Harbour Energy to exit the North Falkland Basin had been completed.

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5 Sep 2022 10:36

Canaccord Genuity raises target price on Rockhopper Exploration

(Sharecast News) - Analysts at Canaccord Genuity raised their target price on oil and gas firm Rockhopper Exploration from 24.0p to 40.0p on Monday following the group's Ombrina Mare arbitration award success.

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