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CAPITAL MARKETS PRESENTATION – Rockhopper Exploration

Rockhopper Exploration · Sep 21, 2011 · 73 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 1
    ROCKHOPPER EXPLORATION PLC CAPITAL MARKETS PRESENTATION SESSION 2 TECHNICAL UPDATE DAVE BODECOTT EXPLORATION DIRECTOR TECHNICAL TEAM NFB GEOLOGICAL SETTING EXPLORATION HISTORY TO WELL 14/10-2 FIONA MACAULAY GEOLOGY &…
  2. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 2
    TECHNICAL UPDATE INTRODUCTION DAVE BODECOTT EXPLORATION DIRECTOR TECHNICAL TEAM NFB GEOLOGICAL SETTING EXPLORATION HISTORY TO WELL 14/10-2 SEPTEMBER 2011 13
  3. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 3
    TECHNICAL UPDATE SUBSURFACE TEAM SEPTEMBER 2011 14
  4. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 4
    TECHNICAL UPDATE NORTH FALKLAND BASIN LOWER APTIAN RECONSTRUCTION (122 my) SEPTEMBER 2011 15
  5. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 5
    TECHNICAL UPDATE SETTING NORTH FALKLAND BASIN NFB 50km wide and 290km in length 5km of syn riV sediment ll Failed linear atlanXc riV trend Deep lacustrine basin lled with lower cretaceous highly organic shales,…
  6. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 6
    TECHNICAL UPDATE STRATIGRAPHIC SETTING SEPTEMBER 2011 17
  7. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 7
    TECHNICAL UPDATE EXPLORATION HISTORY ROCKHOPPER SEISMIC CAMPAIGNS Licences PL023/024 ca1,500km2 of 2D & 4 CSEM lines in 2006 Licences PL032/033 ca850km2 of 3D by CGG in 2006/7 Licences PL023/024 ca550km2 2D acquired by…
  8. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 8
    TECHNICAL UPDATE EXPLORATION HISTORY DRILLING 1998 DRILING CAMPAIGN Well Operator TD m Shows 14/5-1A Shell 4,525 Oil shows and Gas 14/10-1 Shell 3,005 Live oil 27 deg API 14/9-1 Amerada 2,590 Oil stains 14/9-2 Amerada 2,345…
  9. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 9
    TECHNICAL UPDATE SOURCE ROCK TYPE & RICHNESS Rock-Eval pyrolysis (colour = wells) T-max versus Hydrogen Index Diagram HI (mg/gTOC) 0 100 200 300 400 500 600 700 800 900 1000 1100 400 410 Ernest source Sea Lion rocks source…
  10. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 10
    TECHNICAL UPDATE SOURCE ROCK MATURITY Surface intercept at 0.18%Ro Vitrinite Reflectance (%Ro) 1.0 500 Spore Colour Index (1-10) 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 500 Type Cuttings 1000 LithoStratigraphy Apto/Albian…
  11. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 11
    TECHNICAL UPDATE GEOLOGICAL MODEL OF SEA LION RESERVOIR thick-bedded sandlobes outer-fan thin-bedded sandlobes deepwater lacustrine muds SEPTEMBER 2011 22
  12. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 12
    TECHNICAL UPDATE SEAL SEPTEMBER 2011 23
  13. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 13
    TECHNICAL UPDATE RESERVOIR, SOURCE, SEAL IN 23/24 RESERVOIR: Excellent quality reservoir sands found in the Ernest well SOURCE: IniXal source rock analysis indicates good oil source potenXal in these licence areas SEAL:…
  14. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 14
    TECHNICAL UPDATE EXPLORATION 23/24 ERNEST 26/6-1 SEPTEMBER 2011 25
  15. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 15
    TECHNICAL UPDATE EXPLORATION 23/24 ERNEST EM ANOMALY RKH Summary ResisXve shales and silts between 1500 and 1750m esXmated to be causing the Ernest EM resisXvity anomaly. This secXon was hard and caused slow drilling POOH…
  16. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 16
    TECHNICAL UPDATE SEA LION TO WELL 14/10-2 Shell 10km 14/5-1 Sea Lion structure IdenXed pre Polarcus 3D Shell 14/10-1 Sea Lion 14/10-2 SEPTEMBER 2011 27
  17. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 17
    TECHNICAL UPDATE 14/10-2 DISCOVERY WELL LOCATION SEPTEMBER 2011 28
  18. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 18
    TECHNICAL UPDATE 14/10-2 CPI 2400-2480M &'(&)*+ ,-..-/-0 12-34567 8979:4;0…
  19. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 19
    TECHNICAL UPDATE 14/10-2 CPI…
  20. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 20
    TECHNICAL UPDTE FIONA MACAULAY GEOLOGY & GEOPHYSICS MANAGER TECHNICAL UPDATE SLMC EXPLORATION UPSIDE SEPTEMBER 2011 31
  21. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 21
    TECHNICAL UPDATE POST WELL 14/10-2 2010-11 SEISMIC CAMPAIGN Polarcus contracted between RKH-Argos Asima & Desire 2 state of the art x-bowed heavy weather seismic vessels built in 2009 Nadia operated with 8 streamers and…
  22. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 22
    TECHNICAL UPDATE POST WELL 14/10-2 2010-11 SEISMIC CAMPAIGN Polarcus contracted between RKH-Argos Asima & Desire 2 state of the art x-bowed heavy weather seismic vessels built in 2009 Nadia operated with 8 streamers and…
  23. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 23
    TECHNICAL UPDATE The image cannot be displayed. Your computer may not have enough memory to open the image, or the image may have been corrupted. Restart your computer, and then open the file again. If the red x still appears, you may…
  24. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 24
    TECHNICAL UPDATE POST WELL 14/10-2 SLMC AMPLITUDE MAP SEPTEMBER 2011 35
  25. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 25
    TECHNICAL UPDATE 14/10-3 LOCATION MAP SEPTEMBER 2011 36
  26. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 26
    TECHNICAL UPDATE 14/10-3 CPI ABC %&''&(&) *(&+,-./ 01/12,3) +142 5 .2,23,6,3) 7,381+14) 9&3./ :&3;/&3,1< 1/.(=( 0C1C '87AB-.=2 '87AB-.=2 N;;-.=2 .V2 ;0 85A4…
  27. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 27
    TECHNICAL UPDATE 14/10-4 LOCATION MAP SEPTEMBER 2011 38
  28. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 28
    TECHNICAL UPDATE 14/10-4 CPI %&'%()& *+,,+-+. /-+01234 5646718. 0697 :…
  29. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 29
    TECHNICAL UPDATE 14/10-5 LOCATION MAP SEPTEMBER 2011 40
  30. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 30
    TECHNICAL UPDATE 14/10-5 CPI &BC&DEF +,--,),. /',01234 5646718. 0697 ':)…
  31. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 31
    TECHNICAL UPDATE 14/10-6 LOCATION MAP SEPTEMBER 2011 42
  32. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 32
    TECHNICAL UPDATE 14/10-6 CPI SEPTEMBER 2011 43
  33. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 33
    TECHNICAL UPDATE 14/10-7 LOCATION MAP SEPTEMBER 2011 44
  34. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 34
    TECHNICAL UPDATE 14/10-7 CPI SEPTEMBER 2011 45
  35. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 35
    TECHNICAL UPDATE Seismically disXnguishable fan lobes SEPTEMBER 2011 46
  36. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 36
    FAST TRACK SEISMIC NORTH SOUTH SEISMIC LINE through new data SEPTEMBER 2011 47
  37. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 37
    FAST TRACK SEISMIC EAST WEST SECTION SEPTEMBER 2011 48
  38. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 38
    TECHNICAL UPDATE CARTOON SECTION THROUGH SLMC SEPTEMBER 2011 49
  39. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 39
    TECHNICAL UPDATE SIMILARITY SLICES Similarity Slice 20ms above Base SLMC Similarity Slice 50ms above Base SLMC SEPTEMBER 2011 50
  40. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 40
    TECHNICAL UPDATE SIMILARITY SLICES SL10 SL20 Casper SL30 Similarity Slice 20ms above Base SLMC Similarity Slice 50ms above Base SLMC SEPTEMBER 2011 51
  41. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 41
    TECHNICAL UPDATE TECHNICAL PROJECT STATUS Extended ElasXc Impedance (EEI) Pre-stack inversion analysis 14/10-7 14/10-5 SEPTEMBER 2011 52
  42. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 42
    TECHNICAL UPDATE TECHNICAL PROJECT STATUS Core and Core Analysis Total core cut to date : 279m (915V) 14/10-3 : 101m cut, 95.6m recovered 14/10-4 : 57m 14/10-5 : 64m 14/10-6 : 30m 14/10-7 : 27m Core Work Slabbing &…
  43. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 43
    TECHNICAL PROJECT STATUS RCAL (RouXne Core Analysis) Core Porosity and Permeability Source:: Kirk Petrophysics SEPTEMBER 2011 54
  44. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 44
    TECHNICAL UPDATE TECHNICAL PROJECT STATUS 14/10-5 Core Photography and Petrology Plane polarized Porosity 24.8% light image K: 270 mD SEPTEMBER 2011 55
  45. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 45
    TECHNICAL PROJECT STATUS FMI Processing and core to FMI correlaXon Well 14/10-4 Source: Task Geoscience FMI wireline logs enable interpretaXon of deposiXonal environment and once correlated to the core can provide alternaXve…
  46. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 46
    TECHNICAL PROJECT STATUS CMR wireline evaluaXon and CMR to core correlaXon Water peak Oil peak RKH CPI CMR T2 RLA5 T2 tracks RLA5 in water WUT zone 2503.75mMD Well 14/10-4 Source: Corex/RPS CMR shows clear support…
  47. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 47
    TECHNICAL UPDATE %&%'()* +%&,(,%-(./%0* 01)(,%'2* 31()%'* &.10, BIOSTRATIGRAPHIC CORRELATION USING CUTTINGS AND CORE SAMPLES * * 1.(14* 5* 607/..1* 89.)(,%'* .)0 * *…
  48. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 48
    TECHNICAL PROJECT STATUS CHEMOSTRAT CORRELATION Chemical straXgraphic correlaXon : wells 14/10-2, 14/10-3, 14/10-4, 14/10-5 (sandstone dataset). Ichron SEPTEMBER 2011 59
  49. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 49
    TECHNICAL UPDATE 14/10-2 TEST Primary objecXve Well owed reservoir uid to surface establish that the well can ow at PI: 2.4 stb/d/psi for Upper Fan commercial rates esXmated PI 2.8 stb/d/psi if Lower The driving force behind…
  50. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 50
    TECHNICAL UPDATE 14/10-5 TEST Primary objecXve Maximum rate test establish that the well can ow at Stabilised owrate ca. 5508 stb/d with commercial rates FWHP of 783psi on 48/64chk Built on experience gained from maximum…
  51. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 51
    TECHNICAL UPDATE OIL FLUID ANALYSIS Reservoir Temp 840C API ca 290 GOR 261-272 Viscosity 6.7cP FormaXon Volume Factor 1.16 Pour Point ca 300C Oil sample from 14/10-3 SEPTEMBER 2011 62
  52. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 52
    TECHNICAL UPDATE WIRELINE MINI DST ANALYSIS Excellent supplement to full producXon DSTs When used in conjuncXon with all other available wireline log data gives a good predicXon of producXvity for the wellbore under natural…
  53. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 53
    TECHNICAL UPDATE FORMATION TEST DATA FormaXon pre-test pressures and full sampling suite taken on each of the wells FormaXon pressure tests show that the pressures are consistent between the various wells up to and including 10-7…
  54. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 54
    TECHNICAL UPDATE VOLUMETRICS CASE AREA SELECTION StaXgraphic play Low and Mid case areas selected using amplitude variaXons and distance from data points High Case area selected using mapped pinch out of reservoir Upside…
  55. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 55
    TECHNICAL UPDATE VOLUMETRICS VOLUMETRIC METHODOLOGY SEPTEMBER 2011 66
  56. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 56
    TECHNICAL UPDATE VOLUMETRICS Management EsXmates for in place prospecXve resources within SLMC Low Mid High SLMC 608 1086 1279* *Management esXmates that up to approximately 10% addiXonal resource could be contained within…
  57. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 57
    TECHNICAL UPDATE 2D InjecXvity SimulaXon VOLUMETRICS RECOVERY FACTORS Recovery Factor likely to be in the range of 30-40% Figures based on : Published viscous ood analogue data Dykstra-Parsons waterood model Scoping 2D…
  58. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 58
    TECHNICAL UPDATE VOLUMETRICS PETREL MODEL SCHEMATIC 3D IMAGES OF SLMC SEPTEMBER 2011 69
  59. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 59
    TECHNICAL UPDATE SEA LION SUMMARY Good quality Lower Cretaceous RESERVOIR presence established exisXng as widespread, laterally conXnuous mass ow sheet sands. Good resoluXon and understanding of reservoir distribuXon from…
  60. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 60
    TECHNICAL UPDATE EXPLORATION PLAY TYPES PL032/PL033 SEPTEMBER 2011 71
  61. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 61
    TECHNICAL UPDATE EXPLORATION EXPLORATION TARGETS B15 B15 is straXgraphically deeper than SLMC Low case 100mmbbls stoiip Mid case 130mmbbls stoiip High case 161mmbbls stoiip SEPTEMBER 2011 72
  62. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 62
    TECHNICAL UPDATE EXPLORATION EXPLORATION TARGETS Casper Casper is straXgraphically shallower than SLMC Low case 135mmbbls stoiip Mid case 163mmbbls stoiip High case 194mmbbls stoiip SEPTEMBER 2011 73
  63. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 63
    TECHNICAL UPDATE EXPLORATION EXPLORATION TARGETS Kermit Kermit is straXgraphically deeper than SLMC Low case 39mmbbls stoiip Mid case 47mmbbls stoiip High case 55mmbbls stoiip SEPTEMBER 2011 74
  64. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 64
    TECHNICAL UPDATE EXPLORATION EXPLORATION TARGETS Chatham Chatham is straXgraphically deeper than SLMC Low case 28mmbbls stoiip Mid case 93mmbbls stoiip High case 318mmbbls stoiip ** Data from RPS Energy Competent…
  65. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 65
    TECHNICAL UPDATE EXPLORATION Management EsXmates prospecXve resources within fan play type Low Mid HIgh SLMC 608 1,086 *1,279 Lower Fan 100 130 161 Casper 135 163 194 Kermit 39 47 55 Chatham** 28 93 318 TOTAL 910 1,519…
  66. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 66
    TECHNICAL UPDATE POTENTIAL FUTURE WELL LOCATIONS SEPTEMBER 2011 77
  67. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 67
    TECHNICAL UPDATE EXPLORATION EXPLORATION TARGETS PLAY TYPE 5 JOHNSON Closed dened large structural closure Johnson Prospect Extent 310km2 + dened by 2D and 3D data (mapped from and recent 2011 TWT mapping Rockhopper 3D pre…
  68. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 68
    TECHNICAL UPDATE EXPLORATION JOHNSON CROSSLINE 1367 N-S SEPTEMBER 2011 79
  69. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 69
    TECHNICAL UPDATE EXPLORATION Seismic schemaXc of Johnson JOHNSON WELL DATA & SCHEMATIC Prospect from Rockhopper 3D Gas Shows and Log Analysis from 14/5-1 well Johnson Upper Pick High gas saturaXons between 3100 to…
  70. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 70
    TECHNICAL UPDATE EXPLORATION OTHER PLAY TYPES Pinch out Downthrown Closures Inversion Trend AddiXonal seismic processing and interpretaXon required to rene mapping and understanding SEPTEMBER 2011 81
  71. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 71
    TECHNICAL UPDATE EXPLORATION LICENCES 23 & 24 EXPLORATION 3D Seismic over Weddell structure and PL024 will be processed and available for interpretaXon end Q4 2011 Source rock and maturity analysis ongoing including…
  72. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 72
    TECHNICAL UPDATE EXPLORATION LICENCES 23 & 24 Further seismic processing and interpretaXon required to rene understanding Processing to be completed by end 2011 SEPTEMBER 2011 83
  73. CAPITAL MARKETS PRESENTATION – Rockhopper Exploration – slide 73
    TECHNICAL UPDATE EXPLORATION TECHNICAL SUMMARY Sea Lion appraisal nearing compleXon ExploraXon upside remains in Licences 32/33 and 23/24 Fan prospects and Johnson drill ready Further prospects in other play types required…

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