Oil and gas company Rockhopper Exploration updated the market on its Egypt portfolio's operations and corporate affairs on Tuesday, reporting that at Abu Sennan, where it has a 22% working interest, year-to-date average daily production had been maintained at around 4,000 boepd gross, or 880 boepd net to Rockhopper.
Oil and gas exploration and production company Rockhopper Exploration told shareholders on Friday that it had continued to balance the progression of the Sea Lion project in the North Falkland Basin with building a material production base in the Greater Mediterranean throughout 2017, as the investors met for the annual general meeting.
(WebFG News) - CityFibre: RBC Capital Markets downgrades to sector perform with a target price of 81p.
Oil and gas company Rockhopper Exploration updated the market on Sea Lion Phase 1 in the North Falkland Basin, where it holds a 40% working interest, on Monday.
SSP: JP Morgan upgrades to overweight with a target price of 765p.
Shares in AIM-listed oil and gas explorer Rockhopper received a boost on news that its Falklands project was closer to approval at the end of the year.
Oil and gas business Rockhopper Exploration said on Thursday that its primary focus for the remainder of the financial year was to further progress funding proposals aimed at sanctioning its Sea Lion field project in the Falklands by the end of 2018.
Oil and gas company, Rockhopper Exploration announced its Abu Sennan drilling concession in Egypt had maintained a stable level of production, averaging 3,300 barrel of oil equivalent per day over the first six months of the year.
Rockhopper Exploration has streamlined its Italian portfolio by agreeing to sell a portfolio of non-core onshore assets to AIM-listed Northern Petroleum, which includes one gas-producing field and five other concessions.
Oil and gas company Northern Petroleum announced the acquisition of onshore production and development gas assets in Italy on Thursday, from Rockhopper Mediterranean - a wholly owned subsidiary of Rockhopper Exploration.
Rockhopper Exploration's shares rose more than 3% after it confirmed that the 2017 drilling campaign on the Abu Sennan Concession in Egypt had got underway.
Analysts at Canaccord Genuity highlighted the favourable prospects for junior oil explorers Rockhopper and Eland Oil&Gas.
Rockhopper Exploration increased its output in 2016 as it continued to progress on developing Sea Lion, its main project offshore the Falkland Islands while increasing its footprint in the Mediterranean.
Rockhopper Exploration says it has begun international arbitration proceedings against the Republic of Italy in relation to the Ombrina Mare project.
Rockhopper Exploration progressed on integrating its recent acquisitions, while completing a resource audit of its acreage in the North Falklands basin and increasing production from its Italian and Egyptian sites.
Oil and gas explorer RockHopper Exploration bought Egypt's Beach Petroleum for $11.9m to increase its "exposure to low cost, cash generative production assets" in the region.
Two top executives and one non-executive director at Rockhopper Exploration, including its finance chief, picked up some shares on the previous day, the company said in a statement.
Oil and gas companies Premier Oil and Rockhopper Exploration announced the termination of a joint venture drilling contract with Ocean Rig in the Falklands.
Rockhopper Exploration was facing more disappointment this week, after an about-face of Italian legislation sent its Ombrina Mare exploration project grinding to a halt.
Oil and gas exploration and production companies Rockhopper Exploration, Falkland Oil and Gas, and Premier Oil issued statements on Monday confirming the discovery of oil at the Isobel deep well, which is on the edge of neighbouring oilfield Elaine in Falkland Islands waters.