StockMarketWire.com - Rockhopper Exploration said it remained on track to complete a sale of its stake in Egyptian assets to United Oil & Gas by the end of the fourth quarter.

Rockhopper Exploration said that all the existing joint venture partners in the Abu Sennan concession had irrevocably and unconditionality waived their pre-emption rights. The process to satisfy the remaining conditions precedent, including United shareholder approval, completion of the readmission of United to trading on AIM and receipt of Egyptian government approvals, were progressing well, it added.


At 1:18pm:

[LON:RKH] Rockhopper Exploration PLC share price was +0.13p at 19.23p

[LON:UKOG] UK Oil Gas Investments Plc share price was +0.05p at 1.08p



Story provided by StockMarketWire.com