Southern rockhopper penguin may just be a colour morph of the macaroni penguin. Interbreeding with the macaroni penguin has been reported at Heard and Marion Islands, with three hybrids recorded there by a 1987-88 Australian National Antarctic Research Expedition. The southern rockhopper penguin group has a global population of roughly 1 million pairs. About two-thirds of the global population belongs to "E. c. chrysocome" which breeds on the Falkland Islands and on islands off Argentina and southern Chile. These include most significantly Isla de los Estados, the Ildefonso Islands, the Diego Ramírez Islands and Isla Noir. "E. c. filholi" breeds on the Prince
Rockhopper Exploration viable rates. In July 2012, Rockhopper announced that it had entered into a conditional farm out agreement with Premier Oil plc whereby Premier will acquire 60% of Rockhopper's interests in its North Falkland Basin licences in exchange for an upfront cash payment of $231m, a contribution of $722m to Rockhopper's share of the Sea Lion development costs and a net exploration carry of $48m. Rockhopper will be fully funded on its share of the Sea Lion development through the contribution to costs and standby financing provided by Premier. First oil from Sea Lion is expected in 2020. Rockhopper holds interests