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Client profile

06 December 2005
Interim results

[extract below]

 

Highlights:

 

Successful placing and listing on AIM, raising £15m before expenses

Award of two further licences in the North Falkland Basin, making Rockhopper the largest acreage holder in the North Falkland Basin

2D seismic survey commissioned on our 100% owned acreage

Agreement signed with Desire Petroleum to farm-in to 7.5% of two licences adjacent to

Rockhopper owned acreage

Management team strengthened

 

Commenting on the results, Chairman Pierre Jungels said: 'Our strategy in the Falklands is to mature a number of high quality drillable prospects on our 100% held acreage and to be ready for a substantial drilling campaign once the availability and cost of drilling units are more favourable'.

 

Managing Director, Sam Moody said 'The steps we have taken over the last six months have laid the groundwork for the long-term future of the company'.

 

Contact:

 

Rockhopper Exploration plc

Sam Moody, Managing Director 01722 414 419

Peter Dixon-Clarke, Finance Director

 

Aquila Financial Ltd

Peter Reilly 020 7849 3319

Yvonne Fraser 020 7849 3326

 

 

Notes to editors:

 

The Rockhopper Group started trading in February 2004 to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Group, which floated on AIM in August 2005, is currently the largest licence holder in the North Falkland Basin and owns a 100 per cent. interest in four offshore production licences which cover approximately 5,800 sq. km. These licences have been granted by the Falkland Islands government.

 

In total, the Board and its Consultant, the Falklands expert David Bodecott, have over 120 years experience in the oil industry, with specific expertise in the field of exploration and in the region itself.

 

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