ROCKHOPPER EXPLORATION PLC CORPORATE UPDATE JANUARY 2013
ROCKHOPPER EXPLORATION PLC CORPORATE SNAPSHOT Interests in 8 licences in the North Falkland Market data(2) Basin (NFB). Exchange AIM 38% of the Sea Lion oil field (321 mmbbl gross) Ticker RKH and 30% of adjacent discoveries (65…
ROCKHOPPER EXPLORATION TRACK RECORD 2004 - 2005 Rockhopper is established and granted licences PL023, PL024, PL032 and PL033 in the NFB. Farm-in to licences PL03 and PL04. IPO and admission to AIM raising 15 million. 2006 - 2008…
FARM OUT TO PREMIER OIL HIGHLIGHTS OF THE TRANSACTION Farm-out to Premier Oil announced in July 2012 Objectives To attract an experienced and capable operator to develop Sea Lion. To fully finance the project. To retain a material…
SEA LION DEVELOPMENT CURRENT STATUS Farm-out to Premier Oil completed October 2012 Operatorship transferred November 2012 Development Plan FPSO in 450m water depth; tanker offloading. Associated gas used as fuel or re-injected. 22…
NFB ACREAGE POSITION POST FARM OUT Licence Rockhopper interest PL032 40% PL033 40% PL023 40% PL024 40% PL003 3% PL004a 3% PL004b 24% PL004c 10% 7
EXPLORATION UPSIDE SIGNIFICANT POTENTIAL IN NORTH FALKLAND BASIN Rockhopper has a strong understanding of the NFB and retains the sub-surface lead in exploration while working closely with Premier Oil. Both companies exploration…
EXPLORATION UPSIDE CHATHAM The Chatham system comprises an extensive northerly fed channel and terminal fan complex. A well on this prospect would be the first real test of this system. Much of the feature lies beneath the western…
EXPLORATION UPSIDE S2 The S2 prospect is an Early Cretaceous easterly fan that is wholly located on licence PL032, where Rockhopper has a 40% stake. The preferred S2 well location would be c.15 km north of the likely location of…
EXPLORATION UPSIDE THE ZEBEDEE LOCATION The proposed Zebedee well location would intersect a total of six exploration targets and is situated on licence PL04b, where Rockhopper has a 24% stake. It is south of the Sea Lion field and…
EXPLORATION UPSIDE THE GEORGE LOCATION The potential George well location is on licence PL04b, where Rockhopper has a 24% stake. The primary objective of a well here would be to appraise the existing Casper South reservoir and the…
EXPLORATION UPSIDE NEW VENTURES & PEOPLE AMI with Premier Oil Targets a geological province that is continuation of the Cretaceous rifted eastern margin play of the opening of the South Atlantic. Lower Cretaceous lacustrine / marine…
SUMMARY ROCKHOPPER GOING FORWARD Rockhopper is fully funded for its share of capital expenditure on Sea Lion through the US722 million (net) development carry and standby financing arrangement provided by Premier Oil. Rockhopper has…
APPENDIX 15
OPERATIONS DRILLING EFFICIENCY (AGR DATA) Waiting-on-weather Non-productive time NFB vs. North Sea NFB vs. North Sea All wells average (46 All wells average (46 9.5% 18.5% wells) wells) North Sea average (35 North Sea average…
OPERATIONS METOCEAN CONDITIONS 17
FARM OUT STANDBY FINANCING & TAX TREATMENT Financing arrangement with Premier Oil Expected tax treatment Available on all development capex (pre and post first oil). Branch elections effective from 1 April 2012 mean that this is…
EXPLORATION PROSPECT INVENTORY FAN PLAY TYPE Fan Name Block WI % Gross Unrisked Prospective Resources MMBBLS GCoS % Low Best High SL30 PL032 40 8.5 13.0 18.6 22 Casper South PL032 40 3.8 6.2 9.1 16 Casper South PL004c 10 5.3 8.1 11.3…
BOARD OF DIRECTORS DR. PIERRE JUNGELS, CBE - Chairman JOHN CROWLE - Non-Executive Director PhD Geophysics & Hydraulics, California Institute of Trained geologist with upstream oil and gas experience Technology. Previously worked at…
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