Rockhopper raises £7m to support Falklands oilfield development
AIM-listed Rockhopper Exploration has raised £6.9m in an open offer that was seven times oversubscribed.
The oil and gas company is based in Salisbury and has key interests in the North Falkland Basin.
Rockhopper has already raised more than £100m in the last year to fund its phase 1 development work in the Sea Lion oilfield, where it discovered 1.7bn barrels of oil in place.
It launched the offer to shareholders before Christmas and it closed yesterday.
Sam Moody, chief executive of Rockhopper Exploration, said the ove... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
