Big Malc22 Dec 2025 16:31
Rockhopper has announced that further to the announcement made on 10 December 2025 regarding the Company taking the Final Investment Decision (“FID”) on the Sea Lion Project, Financial Close has now occurred.
Accordingly, the Placing, as announced on 31 July 2025, will proceed to completion and the Company will proceed to launch the Open Offer.
All key contracts in connection with Phase 1 of the Sea Lion Project have now been negotiated and entered into by the operator Navitas Petroleum and Development Limited (“Navitas”). The budgeted costs from FID to project completion, including appropriate schedule and capex contingencies and financing costs, remain at US$2.1 billion as announced in July 2025. On this basis, taking into account the proceeds of the Placing, the Company is fully funded for its equity portion of Phase 1 of the Sea Lion Project. Rockhopper has announced that further to the announcement made on 10 December 2025 regarding the Company taking the Final Investment Decision (“FID”) on the Sea Lion Project, Financial Close has now occurred.
Accordingly, the Placing, as announced on 31 July 2025, will proceed to completion and the Company will proceed to launch the Open Offer.
All key contracts in connection with Phase 1 of the Sea Lion Project have now been negotiated and entered into by the operator Navitas Petroleum and Development Limited (“Navitas”)Rockhopper has announced that further to the announcement made on 10 December 2025 regarding the Company taking the Final Investment Decision (“FID”) on the Sea Lion Project, Financial Close has now occurred.
Accordingly, the Placing, as announced on 31 July 2025, will proceed to completion and the Company will proceed to launch the Open Offer.
All key contracts in connection with Phase 1 of the Sea Lion Project have now been negotiated and entered into by the operator Navitas Petroleum and Development Limited (“Navitas”). The budgeted costs from FID to project completion, including appropriate schedule and capex contingencies and financing costs, remain at US$2.1 billion as announced in July 2025. On this basis, taking into account the proceeds of the Placing, the Company is fully funded for its equity portion of Phase 1 of the Sea Lion Project. . The budgeted costs from FID to project completion, including appropriate schedule and capex contingencies and financing costs, remain at US$2.1 billion as announced in July 2025. On this basis, taking into account the proceeds of the Placing, the Company is fully funded for its equity portion of Phase 1 of the Sea Lion Project.