Business
MOG acquisition - no further consideration payable
MOG acquisition - no further consideration payable.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 0732S Rockhopper Exploration plc 19 September 2014 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTO OR FROM ANY RESTRICTED JURISDICTION OR WHERE IT WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF ANY SUCH JURISDICTION\nRECOMMENDED CASH, SHARE AND CONTINGENT CONSIDERATION OFFER BY ROCKHOPPER EXPLORATION PLC (\"ROCKHOPPER\") FOR\nMEDITERRANEAN OIL & GAS PLC (\"MOG\")\nconfirmation no contingent consideration is payable\n \nFurther to the announcement made by Rockhopper on 9 July 2014, Rockhopper appointed ERC Equipoise Limited to produce a Competent Person's Report to determine the 2C Contingent Resources estimated to be potentially recoverable from the HQ Prospect. ERC Equipoise Limited has provided its report to Rockhopper which confirms that no Liquid Hydrocarbons have been encountered in the HQ Prospect. Therefore, the Agreed Resources are nil and no Contingent Consideration is payable.\nTerms defined in the scheme document dated 20 June 2014 have the same meanings where used in this announcement.\n \nEnquiries\nRockhopper Exploration plc\nTel: 0207 016 9571\nSam Moody - Chief Executive (via Vigo Communications)\nStewart MacDonald - Chief Financial Officer\n \nCanaccord Genuity Limited (NOMAD and Joint Broker)\nTel: 0207 523 8000\nHenry Fitzgerald-O'Connor\n \nVigo Communications\nTel: 0207 016 9571\nPeter Reilly\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCGGUBPBUPCGAR\n ","length":2151,"tagName":"div"}]