Peel Hunt is delighted to have acted as joint bookrunner to Rockhopper Exploration plc on its successful capital raise of up to $200m.
Rockhopper Exploration plc is an oil and gas company focused on the development of the Sea Lion project in the North Falkland Basin, where it holds a 35% working interest alongside operator Navitas Petroleum. The fundraise allows the company to meet its funding requirement for the Central Development Area, as well as its estimated proportionate cost to acquire a second FPSO, alongside Navitas Petroleum.
The Company utilised AIM's recently introduced Capital Access Window, enabling the placing to be completed efficiently while minimising execution risk and market disruption.
