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Rockhopper hope for Sea Lion

Third parties have expressed an interest in funding Rockhopper's long-delayed Sea Lion project.
June 15, 2017

Rockhopper Exploration (RKH) has long had hopes of commercialising its Sea Lion development in the North Falklands Basin, but in the last two years it has been hamstrung by a limited balance sheet and a debt-laden partner in Premier Oil (PMO).

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The tide might be turning. In an update on the project's front end engineering design (FEED) - which has been "substantially progressed and derisked" in 2017 - Rockhopper said "a number of contractors" and "potential providers of export credit finance" had expressed an interest in funding the project ahead of its sanction next year.