shares in rockhopper exploration plc more than doubled on wednesday after the company said the arbitration panel for its dispute against the italian government said it is entitled to 190 million euros 1894 million compensation shares at 1108 gmt were up 1158 pence or 140 at 200 pence the oilandgas company said the arbitration panel heldby unanimitythat italy breached its obligations under the energy charter treaty arbitration over the dispute began in 2017 following a decision by the italian government to not award rockhopper a concession covering the ombrina mare field the company said it expects to keep around 80 of the award which includes an interest at euribor of 4 compounded annually from jan 29 2016 until the time of payment we believe after collection of the award it will make a material contribution towards our share of the development costs chief executive officer samuel moody said italy has 120 days to appeal the decision