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How Will Hartshead’s RockRose Deal Reshape Its UK North Sea Gas Future?
1:23pm on Friday 31st of October, 2025 AEDT
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Energy
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How Will Hartshead’s RockRose Deal Reshape Its UK North Sea Gas Future?
1:23pm on Friday 31st of October, 2025 AEDT
Key Points
Well Carry Agreement reduces Hartshead’s P2607 JV interest from 40% to 35%
RockRose Energy to fund 100% of Phase C well costs, capped at US$197.6 million
Two-year extension request submitted to North Sea Transition Authority due to permitting delays
Strong cash balance of over AUD 22 million supports ongoing development
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