ROCKHOPPER EXPLORATION Focused on the Falklands Annual General Mee7ng 26 September 2013
INTRODUCTION BUILDING A SOLID FOUNDATION Rockhopper has aHracted 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 con7nue to favour a phased drilling star7ng in the north of the eld where c.284mmbbl of Sea Lions resources are located. The ini7al eld development plan will be submiHed…
SEA LION PROJECT EXAMINING AN ALTERNATIVE CONCEPT Premier has conrmed that an FPSO solu7on 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 & ZEBEDEE SEA Technical analysis reveals the possibility (es7mated at 50%) of CHATHAM a of non-equilibrium gas cap on the western ank of Sea Lion. SL20 If…
FINANCIAL REVIEW BALANCE SHEET STRENGTHENED Income statement US million Pre-tax prot in the year to 31 March 2013 of 47 Underlying opera7ng loss (13) million aer an excep7onal gain of 59 million. Excep7onal gain 59 Pre-tax prot…
FINANCIAL REVIEW TAX RETURN SUBMITTED In May 2013, a tax return was submiHed to the Falkland Islands Government Tax Oce (FIGTO) that recognised a CGT liability related to the farm-out of RKH FIG CGT liability esPmates* GBm…
FINANCIAL REVIEW CREATING DISTRIBUTABLE RESERVES At a General Mee7ng 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 mee7ng,…
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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