Rockhopper Exploration plc Ombrina Mare Arbitration Update (1102U)
31 Marzo 2021 - 3:00AM
UK Regulatory
TIDMRKH
RNS Number : 1102U
Rockhopper Exploration plc
31 March 2021
31 March 2021
Rockhopper Exploration plc
("Rockhopper" or the "Company")
Ombrina Mare arbitration update
Rockhopper Exploration plc (AIM: RKH), the oil and gas company
with key interests in the North Falkland Basin, provides the
following update on its international arbitration against the
Republic of Italy in relation to the Ombrina Mare field.
Further to the Company's announcement of 24 December 2020, the
Tribunal has today provided the following update:
" The Tribunal's deliberations and the drafting process have
both advanced very considerably. The Parties will receive regular
updates as we draw this part of our work to a conclusion."
Rockhopper continues to believe it has strong prospects of
recovering very significant monetary damages - on the basis of lost
profits - as a result of the Republic of Italy's breaches of the
Energy Charter Treaty. All costs associated with the arbitration
are funded on a non-recourse ("no win - no fee") basis from a
specialist arbitration funder.
A further update will be provided in due course.
Enquiries:
Rockhopper Exploration plc
Sam Moody - Chief Executive Officer
Stewart MacDonald - Chief Financial Officer
Tel. +44 (0) 20 7390 0234 (via Vigo Communications)
Canaccord Genuity Limited (NOMAD and Joint Broker)
Henry Fitzgerald-O'Connor/James Asensio
Tel. +44 (0) 20 7523 8000
Peel Hunt LLP (Joint Broker)
Richard Crichton
Tel. +44 (0) 20 7418 8900
Vigo Communications
Patrick d'Ancona/Ben Simons
Tel. +44 (0) 20 7390 0234
The information contained within this announcement is deemed by
the Company to constitute inside information as stipulated under
the Market Abuse Regulations (EU) No. 596/2014 ("MAR").
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END
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