03 July 2008
Rockhopper Exploration plc ("Rockhopper" or "the Company"); Preliminary Results to 31 March 2008
Rockhopper Exploration plc (AIM:RKH), the North Falkland Basin oil and gas exploration company, today announces its preliminary results for the year ended 31 March 2008.
 3D interpretation confirms potential for 1.2 billion barrels recoverable oil in licences PL032 and PL033
Total 3.7 billion barrels P50 recoverable now identified on all acreage
SPD appointed to act as outsourced drilling department
Placing raised £3.6 million after expenses
Commenting, Dr. Pierre Jungels, Rockhopper Exploration's Chairman, said:
"During the year we made further significant progress with our plans to explore and exploit any resources in our North Falkland Basin licences and we are now at the final phase before drilling.
The Board's target is to drill between two and four wells on our acreage. We are keeping our options open with regard to how those wells are financed, the options being to farm out, or raise equity or a combination of the two. In making a decision we will be guided by determining the best value matrix for our shareholders."
Contact:
Rockhopper Exploration plc
www.rockhopperexploration.co.uk
Sam Moody – Managing Director
01722 414419
Aquila Financial Limited (PR)
Peter Reilly
0118 979 4100
Landsbanki Securities (UK) Limited (NOMAD and Broker)
Tom Hulme/Sebastian Jones
020 7426 9000
Download
press release (inc Financial Statements)
[PDF, 92KB]
|
