Rockhopper Exploration (GB:RKH) has released an update.
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Rockhopper Exploration plc has reported a substantial increase in its Sea Lion project’s resource base and a more cost-effective development plan, enhancing the project’s economics significantly. The company has also entered into a monetization agreement for their Ombrina Mare Arbitration Award, which could provide crucial funding for the Sea Lion project if the Falkland Island Government approves. Despite no revenue for the year and a reported loss, Rockhopper remains optimistic about the project’s future and its potential to generate shareholder value.
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