July 30, 2019 / 8:03 AM / 4 months ago

Rockhopper moves towards financing for Falklands project

LONDON, July 30 (Reuters) -

* Rockhopper Exploration said on Tuesday a Preliminary Information Memorandum, which will form the basis of a loan application for the Sea Lion senior debt project financing, has been submitted to potential senior lenders.

* Premier Oil is Rockhopper’s partner in the Sea Lion project offshore the Falklands Islands.

* “The submission of the PIM marks a material milestone in the project financing process for the Sea Lion development,” Rockhopper said.

* “Should the application be well received, we anticipate moving into a phase of detailed lender due diligence and documentation during Q4 2019.” (Reporting by Shadia Nasralla, editing by Louise Heavens)

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