REG - Rockhopper Exp plc United Oil & Gas PLC - Full and Final Settlement with United Oil and Gas

Rockhopper ExplorationAnnouncement

27/01/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250127:nRSa7627Ua&default-theme=true

RNS Number : 7627U  Rockhopper Exploration plc  27 January 2025

 

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

 

 

 

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://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 (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGZGZMGVZGKZZ