Rockhopper Exploration Values Sea Lion Stake at $1.8 Billion Following Independent Assessment

PUBLISHED: 03 Jun 2025 @ 18:18 | Comments (0) | More info about Fiona Craig

Rockhopper Exploration Plc (LSE:RKH) has released the findings of an independent resource assessment conducted by Netherland, Sewell & Associates, Inc., highlighting the substantial potential of its oil assets in the North Falkland Basin. The report estimates the company’s net 2C contingent resources at approximately 255 million barrels, assigning a valuation of $1.8 billion based on a $70 per barrel oil price.

This valuation reinforces the significant upside of Rockhopper’s 35% interest in the Sea Lion oil project. The company continues to pursue avenues to unlock this value, including active development strategies and financial support agreements with project partner Navitas Petroleum.

About Rockhopper Exploration

Rockhopper Exploration Plc is an oil and gas exploration company focused on the North Falkland Basin, where it holds a substantial working interest in the Sea Lion development and adjacent licenses. Through its partnership with Navitas Petroleum, Rockhopper is advancing its development plans with the aim of commercializing its sizable hydrocarbon resources.

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