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Rockhopper Exploration – Good news, but does it move the investment needle?

By Peter Brailey | Tuesday 21 December 2021


Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Rockhopper Exploration (RKH), advised the market today that the application by the Italian Government to consider a case that potentially influenced the ability of the arbitration panel to rule on the company’s claim under the Energy Charter Treaty for the Ombrina Mare project had been rejected. This is good news, which followed the recently announced deal with Navitas Petroleum LP and Harbour Energy (HBR) to take Sea Lion oil field forward, which was also a step in the right direction. But does that make the company shares a buy?

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