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Rockhopper Exploration PLC - oil and gas exploration company with key interests in the North Falkland basin - Divests entire stake in United Oil & Gas PLC for gross proceeds of GBP3 million. Sells 114.5 million shares in United Oil at 2.66 pence per share, a 6.7% discount to Wednesday's closing price of United's shares. To use proceeds to strengthen balance sheet.
Current share price: 6.42 pence
Year-to-date change: down 57%
By Tapan Panchal; tapanpanchal@alliancenews.com
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