Rockhopper secures extensions to Falkland Islands licences

18th Oct 2024 11:13

(Sharecast News) - Rockhopper Exploration announced on Friday that the Falkland Islands Government (FIG) had agreed to extend all of its petroleum production licences in both the North and South Falkland Basins.

The AIM-traded firm said the licences would now run until 31 December 2026.

It said the extension followed discussions between Rockhopper and the Falkland Islands Government, securing its continued exploration and development rights in the region for the next two years.

"We are pleased to have extended the licences, enabling us to continue progressing our work in the Falkland Islands," said chief executive officer Sam Moody.

At 1048 BST, shares in Rockhopper Exploration were up 2.17% at 13.25p.

Reporting by Josh White for Sharecast.com.