Rockhopper Exploration, the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, has provided a corporate update, the highlights of which are below:
– Economic production* from Egypt and Italy for the year ended 31 December 2016 expected to average approximately 1,350 boepd net to Rockhopper
– Sea Lion continues to progress through the detailed engineering phase of FEED – improved economics with updated Field Development Plan and Environmental Impact Statement submitted to the Falkland Islands Government
– Ombrina Mare arbitration expected to commence in Q1 2017
– Isobel Deep well insurance settlement achieved – expected resulting year-end 2016 cash at upper end of previous guidance.
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