Rockhopper, the oil and gas company with key interests in the North Falkland Basin, has announced the results from an updated independent technical report conducted by Netherland, Sewell & Associates, Inc. ('NSAI') on behalf of Rockhopper on the Company's Sea Lion field (the 'New Report'). The Report is effective as at 31 July 2026.
The New Report shows that overall gross resource volumes and Net Present Values have increased when compared with the Company's previous independent resource evaluation, also conducted by NSAI, effective December 2025, and announced on 2 April 2026 (the 'December 2025 Report').
Importantly, the New Report incorporates the newly accelerated Central Development Area ('CDA') which the Operator intends to develop utilising the OSX-1 FPSO. The increase in resources combined with the acceleration of development at the CDA and updated commodity price assumptions has led to a significant increase of approximately $788 million in the 2P + 2C Net Present Value of the Rockhopper 35% interest in the Sea Lion development.
