IN BRIEF: Rockhopper notes UK and Argentina Falklands tribunal
Rockhopper Exploration PLC - oil and gas company with a 35% working interest in the Sea Lion project, North Falkland Basin - Notes the International Tribunal for the Law of the Sea hearing on Tuesday and Wednesday. The Hamburg-based tribunal will consider Argentina's challenge to oil development in the North Falkland Basin. In September, Argentine President Javier Milei claimed activities in the area are unlawful and vowed to sanction oil companies drilling in the British overseas territory. Rockhopper has a 35% working interest in Sea Lion, the other 65% is owned by Navitas Petroleum Development & Production Ltd. Rockhopper says it will provide an update on the project when appropriate.
Current stock price: 66.30 pence, down 0.3% on Tuesday afternoon in London.
12-month change: down 17%
By Niall Holden, Alliance News reporter
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