
27 Mar 2023
Rockhopper Exploration (RKH LN) - Sea Lion development plan update
Sea Lion upfront development CAPEX materially reduced. Rockhopper has announced an update to its planned development concept for its Sea Lion project in the Falklands (Rockhopper 35%), which is being progressed in partnership with Navitas Petroleum. As previously indicated by Rockhopper, the main change in the new development plan is a reduction in the CAPEX required to get to first oil: this is now expected to be US$1.3bn gross, from US$1.8bn previously, and includes using a leased redeployed F ....

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Rockhopper Exploration (RKH LN) - Sea Lion development plan update
Rockhopper Exploration plc (RKH:LON) | 0 0 4.4% | Mkt Cap: 72.8m
- Published:
27 Mar 2023 -
Author:
Daniel Slater, CFA -
Pages:
6 -
Sea Lion upfront development CAPEX materially reduced. Rockhopper has announced an update to its planned development concept for its Sea Lion project in the Falklands (Rockhopper 35%), which is being progressed in partnership with Navitas Petroleum. As previously indicated by Rockhopper, the main change in the new development plan is a reduction in the CAPEX required to get to first oil: this is now expected to be US$1.3bn gross, from US$1.8bn previously, and includes using a leased redeployed F ....