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Ombrina Mare Project Update

6 Jan 2016 07:00

RNS Number : 9390K
Rockhopper Exploration plc
06 January 2016
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6 January 2016

Rockhopper Exploration plc

"Rockhopper" or the "Company"

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Ombrina Mare Project Update

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Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and Greater Mediterranean region, provides the following update on the status of the Ombrina Mare project offshore Italy.

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The Italian Parliament has approved the 2016 Budget Law which reintroduces restrictions on offshore oil and gas activity including the general ban on exploration and production activity within 12 nautical miles of the coast of Italy. This restriction was originally introduced in 2010 and repealed in 2012.

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Certain exceptions apply for existing production concessions and none of the Company's other interests in Italy, including the Guendalina gas field, are expected to be impacted by this new legislation. The Budget Law came into force on 1 January 2016.

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At the same time, Rockhopper has been granted a 12 month extension to the suspension of the Ombrina Mare exploration permit to 31 December 2016.Β Ombrina Mare is located within the 12 mile limit and the Company is conducting an in depth review of this new legislation, how the exploration permit is affected and its impact on the Ombrina Mare project.

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Enquiries

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For further information, please contact:

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Rockhopper Exploration plc

Tel: (via Vigo Communications) - 020 7016 9571

Sam Moody - Chief Executive

Fiona MacAulay - Chief Operating Officer

Stewart MacDonald - Chief Financial Officer

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Canaccord Genuity Limited (NOMAD and Joint Broker)

Tel: 020 7523 8000

Henry Fitzgerald-O'Connor

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Liberum Capital (Joint Broker)

Tel: 020 3100 2227

Clayton Bush

Neil Elliot

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Vigo Communications

Tel: 020 7016 9571

Peter Reilly

Patrick d'Ancona

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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MSCBELLBQFFBBBF
Date   Source Headline
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3rd Jun 20143:44 pmRNSHolding(s) in Company
3rd Jun 201410:24 amRNSForm 8.5 (EPT/RI)
3rd Jun 20148:59 amRNSForm 8.5 (EPT/RI)
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2nd Jun 201411:08 amRNSForm 8.5 (EPT/RI)
2nd Jun 20149:45 amRNSForm 8.5 (EPT/RI)
2nd Jun 20149:24 amRNSForm 8.5 (EPT/RI)
30th May 201411:14 amRNSForm 8.3 - [Rockhopper Exploration Plc]
30th May 201410:09 amRNSForm 8.5 (EPT/RI)
30th May 20149:53 amRNSForm 8.5 (EPT/RI)
30th May 20148:58 amRNSForm 8.5 (EPT/RI)
29th May 20142:33 pmRNSHolding(s) in Company
29th May 201411:11 amRNSForm 8.3 - Rockhopper Exploration Plc
29th May 201410:12 amRNSForm 8.5 (EPT/RI)
29th May 201410:04 amRNSForm 8.5 (EPT/RI)
29th May 20148:48 amRNSForm 8.3 - [Rockhopper Exploration plc]
29th May 20148:41 amRNSForm 8.5 (EPT/RI)
28th May 20144:55 pmRNSForm 8.3 - Rockhopper Exploration PLC
28th May 20144:47 pmRNSForm 8.3 - Rockhopper Exploration PLC
28th May 201411:36 amRNSForm 8.5 (EPT/RI)
28th May 201410:35 amRNSForm 8.5 (EPT/RI)
28th May 20148:46 amRNSForm 8.5 (EPT/RI)
27th May 20146:19 pmRNSForm 8.3 - Rockhopper Exploration Plc
27th May 20142:01 pmRNSForm 8.3 - Rockhopper Exp plc
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27th May 20141:42 pmRNSForm 8.3 - [Rockhopper Exploration plc]
27th May 201412:05 pmRNSForm 8.3 - Rockhopper Exp plc
27th May 201411:52 amRNSForm 8.5 (EPT/RI)
27th May 201411:00 amRNSForm 8.5 (EPT/RI)

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