{"id":34654,"date":"2026-01-16T07:52:24","date_gmt":"2026-01-16T07:52:24","guid":{"rendered":"https:\/\/www.thebusinessdesk.com\/south-west\/?p=34654"},"modified":"2026-01-16T07:53:30","modified_gmt":"2026-01-16T07:53:30","slug":"rockhopper-raises-7m-to-support-falklands-oilfield-development","status":"publish","type":"post","link":"https:\/\/www.thebusinessdesk.com\/south-west\/news\/34654-rockhopper-raises-7m-to-support-falklands-oilfield-development","title":{"rendered":"Rockhopper raises \u00a37m to support Falklands oilfield development"},"content":{"rendered":"<p>AIM-listed Rockhopper Exploration has raised \u00a36.9m in an open offer that was seven times oversubscribed.<\/p>\n<p>The oil and gas company is based in Salisbury and has key interests in the North Falkland Basin.<\/p>\n<p>Rockhopper has already raised more than \u00a3100m 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.<\/p>\n<p>It launched the offer to shareholders before Christmas and it closed yesterday.<\/p>\n<p>Sam Moody, chief executive of Rockhopper Exploration, said the oversubscribed offer reflected &#8220;strong shareholder support at an exciting time for Rockhopper&#8221;.<\/p>\n<p>He added: &#8220;[We] look forward to progressing the Sea Lion development with partner and operator Navitas.&#8221;<\/p>\n<p>Navitas has a 65% interest in the project with Rockhopper holding the remaining minority stake.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Open offer is latest round of fundraising<\/p>\n","protected":false},"author":18,"featured_media":24815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,120781],"coauthors":[81],"class_list":["post-34654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-markets","tag-featured-story","tag-top-story","tag-wiltshire"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - 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