28 November 2007
Rockhopper Exploration plc ("Rockhopper" or the "Company"): Rockhopper commissions site survey
Rockhopper, the North Falkland Basin oil and gas exploration company, is pleased to announce that it has commissioned Wavefield Inseis to conduct a site survey over its Ernest prospect in licence PL024. The site survey is a necessary part of preparatory work ahead of drilling. Rockhopper is already conducting an Environmental Impact Assesment over licences PL023 and PL024 in readiness for drilling.
The Ernest prospect is a relatively low risk independent 4-way dip closed structure in 160m of water approximately 100km offshore the Falkland Islands. The robust 4-way closure has an areal extent of some 2880 acres, within a total area of over 6,000 acres.
Sam Moody, Managing Director commented:
"We are very pleased that Wavefield are able to perform this site survey over Ernest, which is currently the lowest risk prospect in our portfolio. The 3D seismic in our licences PL032 and PL033 means that we should not require additional site surveys in that area to prepare for drilling."
NB: This statement has been approved by the Company's geological staff who include David Bodecott (Exploration Director), who is a Member of Petroleum Exploration Society of Great Britain (PESGB) and the American Association of Petroleum Geologists (AAPG) with over 30 years of experience in petroleum exploration and management, for the purpose of the Guidance Note for Mining, Oil and Gas Companies issued by the London Stock Exchange in respect of AIM companies, which outline standards of disclosure for mineral projects.
For further information, please contact:
Rockhopper Exploration plc
www.rockhopperexploration.co.uk
Sam Moody – Managing Director 01722 414 419
Aquila Financial Ltd
www.aquila-financial.com
Peter Reilly 020 7202 2601
Yvonne Fraser 020 7202 2609
Landsbanki Securities (UK) Limited – Corporate Finance
Tom Hulme 020 7426 9000
Notes to editors
www.rockhopperexploration.co.uk
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, floated on AIM in August 2005, is currently the largest licence holder in the North Falkland Basin and has 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.
Download
press release
[PDF, 24KB]
|
