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Sea Lion Field Operational Update

Source: www.gulfoilandgas.com 6/14/2017, Location: South America

Rockhopper Exploration plc (RKH), the oil and gas company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to provide the following operational and corporate update.

Sea Lion Phase 1, North Falkland Basin (RKH 40% working interest)

The Front End Engineering and Design (FEED) process has substantially progressed and de-risked the Sea Lion development with focus in 2017 continuing on the commercial, fiscal and financing elements of the project.

A number of contractors have now expressed interest in potentially providing funding for the project and the Company is hopeful of reaching agreement in principle on key terms over the coming months with a view to being in a position to sanction the project during 2018.

Discussions are also progressing with potential providers of export credit finance to the project.

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