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30 September 2026 Rockhopper Exploration plc ( " Rockhopper " , the " Group " or the " Company " ) Half - Year Results for the Six Months Ended 30 June 2026 Rockhopper Exploration plc ( AIM : RKH ) , the oil and gas company with key interests in the North Falkland Basin ( " NFB " ) , announces its unaudited results for the six months ended 30 June 2026 ( " H1 2026 " ) . YEAR TO DATE HIGHLIGHTS Northern Development Area phase 1 project ( " NDA 1 " ) • NDA 1 sanctioned in late 2025 and fully funded • • Operator targeting first oil in Q1 2028 Manufacturing process for long - lead items and on islands work progressing FPSO arrived in Southeast Asia , following initial pre - acceptance survey in UK shipyard Drilling expected to commence early 2027 Second FPSO purchased by Navitas for Central Development Area ( " CDA " ) • OSX - 1 FPSO purchased by Navitas • • Potential to increase total production to c.180,000bbls / d when combined with NDA production Operator target is to take FID for CDA in H1 2028 with first oil possible in 2030 Updated Sea Lion Independent Reserves and Resources Report • • Netherland , Sewell & Associates , Inc ( " NSAI " ) prepared new Sea Lion Independent reserve and resource report dated end July 2026 , ( the " New NSAI Report " ) 2P reserves 110mmbbls 2C resources : 219mmbbls Increase in post - tax Rockhopper NPV 10 of US $ 0.79bn at the 2P + 2C level from US $ 2.16bn to US $ 2.95bn * Exploration to recommence in the NFB • • Operator has announced its intention to drill several exploration wells during / at end of the development campaign Significant exploration upside highlighted in New NSAI Report Capital Raise • Placing raised US $ 180 million . Open Offer raised US $ 20 million Provides funding through to mid - 2028 including spend on NDA 1 , OSX - 1 purchase and associated upgrade work , exploration spend , and Falkland Islands Government ( " FIG " ) requirement for Early Project Failure funding Italian Disposal . Previously announced disposal has received all required FIG approvals , Italian approvals remain outstanding Board Changes Board strengthened by addition of William Perry ( CFO ) and Barak Mashraki ( Non - Executive Director ) Outlook • NDA 1 work progressing towards first oil target of Q1 2028 • Funded to mid - 2028 based on Operator estimates and current plan • FPSO purchased for CDA with FID readiness targeted mid 2028 Samuel Moody , CEO of Rockhopper , commented : " This has been a landmark period for Rockhopper . First oil on NDA 1 remains targeted for Q1 2028 , and Navitas ' acquisition of the OSX - 1 FPSO to accelerate the Central Development Area has driven a significant increase in the independent valuation of our interest in Sea Lion . Together with our recent capital raise , which leaves us fully funded to first oil , and the continued strong support of the UK and Falkland Islands Governments , we enter the second half of the year well positioned to deliver significant value to all stakeholders . "