Rockhopper Exploration PLC April 2011 Update www.rockhopperexploration.co.uk
Disclaimer Certain information in this presentation about the Company and its prospects constitutes forward-looking information. Such forward-looking information, including but not limited to statements with respect to anticipated rates…
Falkland Island Exploration Areas 3
Rockhopper Falkland Islands Board of Directors Dr. Pierre Jungels, CBE: Chairman PhD Geophysics & Hydraulics, California Institute of Technology Previously at Shell, PetroFina SA, Enterprise Oil Sam Moody: CEO Co-founder of…
Rockhopper current corporate position Fully funded for all 2011 activities No debt, no convertibles Current cash position circa 300 million USD 258 million shares in issue AIM listed: ticker RKH.L 5
NFB 2010/2011 drilling 2010/2011 Drilling History North Falkland Basin name operator code date type rkh wi*** oil pay (net) Liz DES 14/19-1 apr 2010 exploration 7.5% - Sea Lion RKH 14/10-2 may 2010 exploration 100% 53m Ernest RKH…
Sea Lion - history Detailed Sea Lion Well Results Table Gross Net to gross Number of Net to gross Ave Sw in Oil column Net pay Porosity (%) reservoir main sands in pay zone pay zone (tvdss) thickness 14/10-2 67m 80% 7 83% 30%…
14/10-2 CPI 14/10-2 67m Gross reservoir thickness Top Sea Lion Upper Fan 80% net : gross 2400m (-2374m tvdss) 83% Net : Gross in pay zone 18-29% porosity 53m net pay 30% Average Sw in pay zone Oil recovered to surface from…
14/10-3 CPI 14/10-3 110m Gross reservoir thickness 84% net : gross 91% Net : Gross in pay zone 18-25% porosity 7.3m net pay 63% Average Sw in pay zone Top Sea Lion Northern Fan 2425m (-2399m tvdss) 2473.5m mdbrt Oil…
14/10-4 CPI 14/10-4 107m Gross reservoir thickness 76% net : gross 88% Net : Gross in pay zone 15-27% porosity 33m net pay 35% Average Sw in pay zone Oil recovered to surface from Top Sea Lion Upper Fan multiple MDTs 2465m…
Sea Lion Management Interpretation post 14/10-4 new low case area 22 km2 516 mmbbls STOIIP 155 mmbbls recoverable using 30% recovery additional wells required to confirm Management low case area STOIIP and recoverable…
Sea Lion Management Interpretation post 14/10-4 new mid case area 36.5 km2 volumes to be determined by drilling additional wells new high case area to be determined using additional seismic New mid case area 12
Sea Lion Reservoir Distribution Analysis of MDT pressures and logging data indicates communication between 14/10-2 and 14/10-4 in the southern fan upper All 3 wells have encountered thick sequences of good quality reservoir as…
Sea Lion RPS Energy economics Data from RPS Energy CPR 2009 Sea Lion Low Mid High 9000 npv 10 usd 80 bbl oil price 8000 STOIIP 234 568 1348 7000 mmbbls 6000 Recoverable 58 170 472 5000 mmbbls 4000 3000 2000 1000 NPV10…
2011 Plan - seismic Acquisition of new 3D seismic in unexplored areas with Polarcus 2x vessels shared with other operators Large programme - c 5000km2 Re-processing of existing 3D seismic Data acquisition currently due to complete…
2011 Plan - drilling Determine size of Sea Lion discovery Additional exploration Minimum 3 further wells Full flow test equipment targeted to be in place for next Rockhopper well 16
Summary Fully funded Strong Board and management team highly focused First oil discovery in the Falklands First flow test in the Falklands First successful appraisal in the Falklands 17