Rockhopper reports rising development investment ahead of targeted Sea Lion production
Rockhopper ($RKH) reported a first-half shareholder loss of $3.45 million, compared with $50.99 million in the prior period, while property and equipment rose to approximately $405.5 million from $329.2 million at year-end. Cash and equivalents stood at $77.7 million, with a further $69.3 million in term deposits, illustrating the funding committed to its development program. The company reaffirmed that the operator is targeting first oil from Sea Lion’s initial northern development in the first
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