Time to cut and run5 Oct 2021 14:42
A significant settlement of the OM claim might be the opportune time to re-evaluate the plans for the future, Too much time has been wasted and the chances of successfully developing Sealion are receding. Whilst oil and gas will still be needed development will increasingly take place in fields and oil provinces which already have infrastructure. Rockhopper should seriously consider realizing all assets, licences, data and either return cash to shareholders or identifying a new project. Given the track record on successful projects the former is probably preferable. I am sad to reach this conclusion but I have to be realistic.