Northern Petroleum plc (AIM:NOP) agreed to acquire Rockhopper Civita Limited from Mediterranean Oil & Gas Plc on June 8, 2017. Rockhopper Civita Limited contains the producing Civita gas field and associated processing facilities and pipeline, a local operations base, Scanzano Concession, Torrente Celone Concession (50% interest), Monte Verdese Concession (60% interest), San Basile Concession (85% interest) and Civita Permit. Northern Petroleum will assume the abandonment liabilities of the production concessions, which, excluding Aglavizza and the two fields with redevelopment potential, are estimated to be approximately €3 million and forecast to be incurred over the next ten years. Rockhopper Civita Limited generated €1.1 million of revenue and €0.7 million of operating profit. The operating profit from the Civita gas field was €0.9 million. Transaction is subject to inter alia Italian regulatory approval and is expected to close later in 2017. Antonio Bossi, David Coaten of Stockdale Securities Limited acted as financial advisors and joint brokers to Northern Petroleum plc. Jonathan Wright of FirstEnergy Capital LLP acted as joint broker to Northern Petroleum plc. Edward Westropp of FTI Consulting LLP acted as financial advisor to Northern Petroleum plc. Henry Fitzgerald-O'Connor, James Asensio of Canaccord Genuity Hawkpoint Limited acted as financial advisors to Rockhopper Exploration plc. Patrick d'Ancona and Ben Simons acted as public relation advisors to Rockhopper Exploration plc. As on June 15, 2017, Ashurst LLP and Roberto Leccese of Ughi & Nunziante acted as a legal advisors to Rockhopper Civita. Richard Morrison, Richard Hail, Richard Redmayne of SP Angel Corporate Finance LLP acted as financial advisors to Cabot Energy Plc. Northern Petroleum plc (AIM:NOP) cancelled the acquisition of Rockhopper Civita Limited from Mediterranean Oil & Gas Plc on January 3, 2019. The transaction was conditional upon Italian regulatory approval which was originally expected later in 2017. Such regulatory approval has not yet occurred and hence Cabot Energy Plc and Rockhopper have mutually agreed not to proceed with the proposed transaction.