Rockhopper Exploration plc
21 December 2005
PRESS RELEASE
For immediate release: 21 December 2005
Rockhopper Exploration plc
Rockhopper Exploration to conduct electromagnetic surveys
Rockhopper Exploration plc ('Rockhopper' or 'the Company') has commissioned
Offshore Hydrocarbon Mapping plc (OHM) to undertake an electromagnetic survey
programme on the Company's 100% held licences in the North Falklands Basin.
Data gathered from electromagnetic surveys provide exploration companies with
information on whether a chosen exploration target has resistive properties
sufficient to indicate the presence, or otherwise, of hydrocarbons before
drilling.
The surveys are due to take place in early 2006 and will increase the Company's
understanding of the prospectivity of the acreage.
Likely targets include, J1, which is a robust 4 way dip closure located in less
than 200 metres of water. The Company is also planning to obtain additional 2D
seismic data over this prospect in the early part of 2006.
Sam Moody, Managing Director commented: 'We are very excited to be moving our
exploration programme forward using this new technique. OHM's recent
announcement confirming the effectiveness of the electromagnetic method in
shallow water was key for us. The Falkland Islands are in a fairly remote
location and any future drilling programme has to be as cost effective and
de-risked as far as possible.
'We already know that J1 is a good structure in relatively shallow water and the
electromagnetic survey combined with additional 2D seismic could result in a
significantly de-risked drillable prospect. We have identified a number of other
structural closures and work is currently progressing on selecting a second
target.
'We believe this OHM survey, combined with our already commissioned 2D survey,
will lead to a significant step forward in our understanding of this acreage by
the end of the first quarter in 2006.'
Ends
Contacts:
Sam Moody, Managing Director Rockhopper Exploration 01722 414 419
www.rockhopperexploration.co.uk
Aquila Financial Limited
Peter Reilly 020 7849 3319
Yvonne Fraser 020 7849 3320
rockhopper@aquila-financial.com
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.
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.