{"id":14645,"date":"2025-01-27T16:38:33","date_gmt":"2025-01-27T16:38:33","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=14645"},"modified":"2025-01-29T16:43:05","modified_gmt":"2025-01-29T16:43:05","slug":"egypt-rockhopper-exploration-reaches-full-and-final-settlement-with-united-oil-and-gas","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-rockhopper-exploration-reaches-full-and-final-settlement-with-united-oil-and-gas\/","title":{"rendered":"EGYPT: Rockhopper Exploration Reaches Full and Final Settlement with United Oil and Gas"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Rockhopper Exploration with key interests in the North Falkland Basin has announced it has entered into an agreement with United Oil and Gas to settle an outstanding balance related to the transfer of the Abu Sennan concession in Egypt to United.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As part of the &nbsp;settlement agreement, United will issue to Rockhopper 59,823,810 shares in United at a price of \u00a30.001p per share, which is to take place within 14 business days. This settlement brings to a close all outstanding matters related to the Abu Sennan transaction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Samuel Moody, CEO of Rockhopper, commented<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;We are pleased to have reached this agreement with United, and we wish its Chief Executive Brian Larkin and the team all the best in their future endeavours.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rockhopper Exploration with key interests in the North Falkland Basin has announced it has entered into an agreement with United Oil and Gas to settle an outstanding balance related to &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/egypt-rockhopper-exploration-reaches-full-and-final-settlement-with-united-oil-and-gas\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":12664,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[9199,709,11750,8878],"class_list":["post-14645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","tag-abu-sennan-concession","tag-egypt","tag-rockhopper-exploration","tag-united-oil-and-gas","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/09\/Egypt-Abu-Sennan.png?fit=874%2C581&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3Od","jetpack-related-posts":[{"id":14176,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-gas-receives-default-notice-relating-to-the-abu-sennan-concession\/","url_meta":{"origin":14645,"position":0},"title":"EGYPT: United Oil &#038; Gas\u00a0Receives Default  Notice \u00a0Relating to the Abu Sennan concession\u00a0","author":"","date":"January 23, 2024","format":false,"excerpt":"United Oil & Gas announces that it has received a default notice from\u00a0Kuwait Energy Egypt Limited\u00a0for a total of USD\u00a0$3,822,143\u00a0for outstanding cash calls in relation to the Abu Sennan concession. Pursuant to the joint operating agreement (JOA) relating to the Abu Sennan concession, the Company has 30 days to remedy\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/01\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":10167,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-makes-discovery-at-asd-1x-well-abu-sennan-concession\/","url_meta":{"origin":14645,"position":1},"title":"EGYPT: United Oil and Gas Makes Discovery at ASD-1X Well Abu Sennan Concession","author":"","date":"April 6, 2021","format":false,"excerpt":"Highlights: \u00b7\u00a0\u00a0\u00a0\u00a0Preliminary results suggest the ASD-1X exploration well encountered a total of at least 22m net oil pay interpreted across a number of reservoirs, including the Abu Roash C (AR-C), Abu Roash E (\"AR-E\"), Lower Bahariya and Kharita Formations \u00b7\u00a0\u00a0\u00a0\u00a0Well-testing is now planned, and if successful, will be followed by\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Egypt-Abu-Sennan.jpg?fit=750%2C406&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10213,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-reports-material-upgrade-to-abu-sennan-reserves\/","url_meta":{"origin":14645,"position":2},"title":"EGYPT: United Oil and Gas Reports Material Upgrade to Abu Sennan Reserves","author":"","date":"April 14, 2021","format":false,"excerpt":"Highlights: \u00b7\u00a0\u00a0\u00a0\u00a0Independent reserves and resources report, relevant to end 2020, by Gaffney Cline & Associates\u00a0 indicates material increase in reserves at Abu Sennan: o\u00a0\u00a024% increase in Abu Sennan Gross 2P Reserves to 16.8 MMboe (15% gas) from 13.5 MMboe at the beginning of 2020, representing a near 200% reserves replacement\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/EGYPT-Abu-Madi-West-Development-Lease.jpg?fit=512%2C361&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8421,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-abu-sennan-reserves-upgrade-production-update\/","url_meta":{"origin":14645,"position":3},"title":"EGYPT: Abu Sennan Reserves Upgrade, Production Update","author":"","date":"June 24, 2020","format":false,"excerpt":"United Oil & Gas Plc has provided the following update on the Abu Sennan concession, Egypt in which UOG holds a 22% working interest. This includes a production update covering the first half of June and the results of an Independent Reserves Report which estimates gross 2P reserves at Abu\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Abu-Sennan.png?fit=591%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Abu-Sennan.png?fit=591%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/06\/Abu-Sennan.png?fit=591%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":11511,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-united-oil-and-gas-announces-successful-result-at-al-jahraa-13-well\/","url_meta":{"origin":14645,"position":4},"title":"EGYPT: United Oil and Gas  Announces Successful Result at Al Jahraa-13 Well","author":"","date":"January 4, 2022","format":false,"excerpt":"United Oil & Gas has provided an update on the drilling of the Al Jahraa-13 development well (AJ-13) in the Abu Sennan licence, onshore Egypt.\u00a0 Highlights \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0AJ-13 development well encountered 17.5m of net pay in the oil-bearing Upper and Lower Bahariya reservoir targets \u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The well reached Total Depth (TD) several\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12415,"url":"https:\/\/www.oilnewskenya.com\/index.php\/egypt-kuwait-energy-unsuccessful-at-the-asv-1x-exploration-well-abu-sennan-licence\/","url_meta":{"origin":14645,"position":5},"title":"EGYPT: Kuwait Energy Unsuccessful at the ASV-1X exploration well, Abu Sennan licence","author":"","date":"July 6, 2022","format":false,"excerpt":"United Oil & Gas has reported that the \u00a0ASV-1X exploration well which was drilled in the Abu Sennan licence, onshore Egypt recovered no hydrocarbons although testing programme is still underway with over a week after a sucker rod pump was installed The \u00a0ASV-1X exploration well was drilled safely and under-budget\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2022\/03\/Egypt-Abu-Sennan-2.png?fit=591%2C472&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=14645"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14645\/revisions"}],"predecessor-version":[{"id":14646,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/14645\/revisions\/14646"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/12664"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=14645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=14645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=14645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}