Rockhopper Exploration PLC - Salisbury, England-based oil & gas exploration and production company - Says Navitas Petroleum LP will buy Premier Oil Exploration & Production Ltd. Rockhopper and Navitas to align working interests across North Falkland Basin licenses.
Harbour Energy, a North Sea-focused oil and gas firm, held all of its Falkland Island licenses in its now former subsidiary company Premier Oil Exploration & Production. Navitas bought the company by buying all shares.
Navitas will receive 65% of the licenses from its acquired company, while Rockhopper receives the remaining 35%.
Meanwhile, Harbour Energy PLC, signs documentation with Rockhopper and Navitas over North Falkland Basin.
Current stock price: 8.90 pence, down 5.2% on Tuesday
12-month change: down 5.1%
By Tom Budszus; tombudszus@alliancenews.com
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Rockhopper (RKH)
Harbour Energy (HBR)