ROCKHOPPER EXPLORATION PLC CANACCORD GENUITY GLOBAL RESOURCES CONFERENCE OCTOBER 2012
ROCKHOPPER EXPLORATION PLC CORPORATE SNAPSHOT Interests in 8 licences in the North Falkland Market data(3) 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 on 12 July 2012 Objectives To attract an experienced and capable operator to develop Sea Lion. To fully finance the project. To retain a…
FARM OUT TO PREMIER OIL CURRENT STATUS Transaction Formal agreement received from the Falkland Islands Government (FIG), farm-out should complete shortly. Handover to Premier commenced immediately post announcement. Transfer of…
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. Appraise existing candidates for tie-back to Sea Lion FPSO (Casper,…
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 11
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 13
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…
EXPLORATION LEADS INVENTORY Lead Block WI % Gross Unrisked Prospective Resources MMBBLS GCoS % Best (1) Jason PL032 40 254.4 5 Tyssen (1) PL032 40 65.4 5 (1) Sedge PL004c 40 65.7 5 (1) Fox PL004b 40 172.7 GCA 5 Stephens (1) PL004c 40…
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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