Rockhopper has provided an update on the company’s Greater Mediterranean assets, reporting improved production from Abu Sennan, strong realisations and confirmation of a four-well drilling programme in 2018. The company’s Egyptian receivables position is significantly reduced ($4.5m outstanding) and historical liabilities to Beach Energy have been satisfied, meaning that Rockhopper will now benefit from 100% of payments from EGPC relating to its net interest. Cash flows from the c
26 Feb 2018
Rockhopper Exploration - Greater Med assets provide positive cash flow
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Rockhopper Exploration - Greater Med assets provide positive cash flow
Rockhopper Exploration plc (RKH:LON) | 13.1 0 0.0% | Mkt Cap: 83.8m
- Published:
26 Feb 2018 -
Author:
Sanjeev Bahl -
Pages:
2
Rockhopper has provided an update on the company’s Greater Mediterranean assets, reporting improved production from Abu Sennan, strong realisations and confirmation of a four-well drilling programme in 2018. The company’s Egyptian receivables position is significantly reduced ($4.5m outstanding) and historical liabilities to Beach Energy have been satisfied, meaning that Rockhopper will now benefit from 100% of payments from EGPC relating to its net interest. Cash flows from the c