27 January 2025
Rockhopper Exploration
plc
("Rockhopper" or the "Company")
Full and Final Settlement
with United Oil and Gas
Rockhopper Exploration plc (AIM:
RKH), the oil and gas company with key interests in the North
Falkland Basin ("NFB"), is pleased to announce it has entered into
an agreement with United Oil and Gas plc (AIM: UOG) ("United") to
settle an outstanding balance related to the transfer of the Abu
Sennan concession in Egypt to United.
As part of the settlement
agreement, United will issue to Rockhopper 59,823,810 shares in
United at a price of £0.001p per share, which is to take place
within 14 business days. This settlement brings to a close all
outstanding matters related to the Abu Sennan
transaction.
Samuel Moody, CEO of Rockhopper, commented
"We are pleased to have reached this
agreement with United, and we wish its Chief Executive Brian Larkin
and the team all the best in their future
endeavours."
Enquiries:
Rockhopper Exploration
plc
Sam Moody - Chief Executive
Officer
Tel. +44 (0)20 7390 0230 (via Vigo
Consulting)
Canaccord Genuity Limited (NOMAD and
Joint Broker)
Henry Fitzgerald-O'Connor/James
Asensio/Charlie Hammond
Tel. +44 (0) 20 7523 8000
Peel Hunt LLP (Joint
Broker)
Richard Crichton/Georgia Langoulant
Tel. +44 (0) 20 7418 8900
Vigo Consulting
Patrick d'Ancona/Ben Simons/Fiona
Hetherington
Tel. +44 (0) 20 7390 0234
