IN BRIEF: Rockhopper updates on Ombrina Mare arbitration award

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Rockhopper Exploration PLC - Salisbury, England-based oil and gas exploration company with key interests in the Falkland Islands - In December, Rockhopper said it had entered an agreement with a regulated specialist fund for monetisation of an arbitration award. Award, announced in late August 2022, relates to arbitration against Republic of Italy relating to the Ombrina Mare oil field. On Monday, says all conditions for transaction have been satisfied. Adds that tranche one payment is due within five days.

Current stock price: 14.90 pence each, closed up 3.5% on Monday in London

12-month change: up 19%

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