ROCKHOPPER EXPLORATION Focused on the Falklands Final results 22 August 2013
AGENDA IntroducDon Sam Moody Sea Lion Update Sam Moody ExploraDon Update Fiona MacAulay Financial Update Peter Dixon-Clarke Outlook Sam Moody 3
INTRODUCTION BUILDING A SOLID FOUNDATION Rockhopper has aOracted a partner with both the nancial and technical resources to exploit the Sea Lion oil eld. The company has a very strong balance sheet and is fully nanced for its…
SEA LION & SATELLITES UPDATE SUBSURFACE MODELS COMPLETE, OPTIMISATION ONGOING The latest modelling suggests 2C resources of c.337mmbbl in the SLMC if a gas cap is Sea Lion & Satellites Mid Case Resources present on the western…
SEA LION PROJECT PHASED DRILLING Rockhopper and Premier conDnue to favour a phased drilling starDng in the north of the eld where c.284mmbbl of Sea Lions resources are located. The iniDal eld development plan will be submiOed…
SEA LION PROJECT EXAMINING AN ALTERNATIVE CONCEPT Premier has conrmed that an FPSO soluDon The Snorre TLP for the Sea Lion development is viable and meets its internal metrics. However, it is possible that a TLP will improve…
EXPLORATION UPSIDE DRILLING PLANS Opportunity for Rockhopper/Premier to enter into a rig sharing arrangement with other Falkands operators. Three slots for the joint venture have been included in the recent EOI. Other…
ECHATHAM XPLORATION UPSIDE WELL DRILL TARGETS LION GAS CAP / CHATHAM SEA CHATHAM Technical analysis reveals the possibility (esDmated at 50% SL20 by RKH) of a of non-equilibrium gas cap on the western ank of Sea Lion.…
EZEBEDEE XPLORATION UPSIDE WELL DRILL TARGETS ZEBEDEE JACKIE NW Well located in PL04b where RKH has a 24% WI. JOSIAH Total of 8 stacked exploraDon objecDves at this locaDon. HECTOR Targets an esDmated total mean unrisked…
FINANCIAL REVIEW BALANCE SHEET STRENGTHENED Income statement US million Pre-tax prot in the year to 31 March 2013 of 47 Underlying operaDng loss (13) million aaer an excepDonal gain of 59 million. ExcepDonal gain 59 Pre-tax prot…
FINANCIAL REVIEW TAX RETURN SUBMITTED In May 2013, a tax return was submiOed to the Falkland Islands Government Tax Oce (FIGTO) that recognised a CGT liability related to the farm-out of RKH FIG CGT liability es[mates* GBm…
FINANCIAL REVIEW CREATING DISTRIBUTABLE RESERVES At a General MeeDng In June 2013, shareholders voted in favour of a proposal to cancel the Share Premium Account in order to create distributable reserves. At the same meeDng,…
SUMMARY GROWING LONG-TERM VALUE Rockhopper is fully funded for its share of capital expenditure on Sea Lion through the development carry and standby nancing provided by Premier Oil. Rockhopper has an aligned and experienced…
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