Rockhopper Exploration plc Ombrina Mare arbitration update (6810Y)
14 Mayo 2021 - 3:39AM
UK Regulatory
TIDMRKH
RNS Number : 6810Y
Rockhopper Exploration plc
14 May 2021
14 May 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 31 March 2021, the
Tribunal has today provided the following update:
" The Tribunal anticipates that it should be in a position to
render its award* in the course of July. The Tribunal will revert
to the Parties towards the end of June to confirm this timeframe
."
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.
*Note: under the International Centre for Settlement of
Investment Disputes (ICSID) rules the Tribunal's decision is
referred to as an "award."
Enquiries:
Rockhopper Exploration plc
Sam Moody - Chief Executive Officer
Stewart MacDonald - Chief Financial Officer
Tel. +44 (0) 20 7390 0234 (via Vigo Consulting)
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 Consulting
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").
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
MSCEAPSLFDSFEEA
(END) Dow Jones Newswires
May 14, 2021 04:39 ET (08:39 GMT)
Rockhopper Exploration (LSE:RKH)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Rockhopper Exploration (LSE:RKH)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024