Business
Sea Lion funding update
Sea Lion funding update.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 1077H Rockhopper Exploration plc 30 July 2019 \n\n30 July 2019\nRockhopper Exploration plc\n(\"Rockhopper\" or the \"Company\")\n \nSea Lion funding update\n \nRockhopper Exploration plc (AIM: RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that the Preliminary Information Memorandum (\"PIM\"), which will form the basis of a loan application for the Sea Lion senior debt project financing, has been submitted to potential senior lenders.\n \nThe PIM submission is supported by a comprehensive set of independent expert reports covering the full range of technical, reservoir, HSSE, legal and tax aspects of the Sea Lion project.\n \nAs part of the PIM submission process, lender due diligence advisers, including financial and legal advisers have been appointed.\n \nSam Moody, CEO of Rockhopper, commented:\n \n\"The submission of the PIM marks a material milestone in the project financing process for the Sea Lion development. Should the application be well received, we anticipate moving into a phase of detailed lender due diligence and documentation during Q4 2019.\"\n \n \nEnquiries:\n \nRockhopper Exploration plc\nSam Moody - Chief Executive Officer\nStewart MacDonald - Chief Financial Officer\nTel. +44 (0) 20 7390 0230 (via Vigo Communications)\n \nCanaccord Genuity Limited (NOMAD and Joint Broker)\nHenry Fitzgerald-O'Connor\nJames Asensio\nTel. +44 (0) 20 7523 8000\n \nPeel Hunt LLP (Joint Broker)\nRichard Crichton\nTel. +44 (0) 20 7418 8900\n \nVigo Communications\nPatrick d'Ancona\nBen Simons\nTel. +44 (0) 20 7390 0231\n \n \nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 (\"MAR\").\n \n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END UPDCKCDBFBKDDOB\n ","length":4351,"tagName"...