Dear Rockhopper Exploration investors...
WE WON!
Ombrina is dead. And thanks to our protests, not only is Ombrina dead, so are 26 other oil and gas leases. To kill Ombrina, the Italian government had to re-instate a 12 mile buffer zone around the entire Italian coastline that effectively halted all those other projects. To summarize:
2007-2010 -- The Oil Center proposed by ENI in the town of Ortona, Abruzzo a desulfurizing unit with at least 3 oil wells, is dead;
2009-2015 -- The desulfurizing unit proposed by Forest Oil Corporation in the town of Bomba, Abruzzo with at least 5 gas wells, is dead; The Forest Oil Corporation is also dead. It was bought by Sabine oil who also declared bankruptcy.
2008-2016 -- Ombrina Mare with 4-6 oil wells and a desulfurizing FPSO unit, as proposed by Mediterannean Oil and Gas and later by Rockhopper Corporation is dead; Mediterranean Oil and Gas is also dead.
Abruzzo has now a law banning onshore oil drilling.
Italy has now a law banning offshore drilling within 12 miles from shore.
About time you guys started investing in solar, don't you think?
WE WON!
Ombrina is dead. And thanks to our protests, not only is Ombrina dead, so are 26 other oil and gas leases. To kill Ombrina, the Italian government had to re-instate a 12 mile buffer zone around the entire Italian coastline that effectively halted all those other projects. To summarize:
2007-2010 -- The Oil Center proposed by ENI in the town of Ortona, Abruzzo a desulfurizing unit with at least 3 oil wells, is dead;
2009-2015 -- The desulfurizing unit proposed by Forest Oil Corporation in the town of Bomba, Abruzzo with at least 5 gas wells, is dead; The Forest Oil Corporation is also dead. It was bought by Sabine oil who also declared bankruptcy.
2008-2016 -- Ombrina Mare with 4-6 oil wells and a desulfurizing FPSO unit, as proposed by Mediterannean Oil and Gas and later by Rockhopper Corporation is dead; Mediterranean Oil and Gas is also dead.
Abruzzo has now a law banning onshore oil drilling.
Italy has now a law banning offshore drilling within 12 miles from shore.
About time you guys started investing in solar, don't you think?
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