ROCKHOPPER EXPLORATION PLC CORPORATE UPDATE NOVEMBER 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 eld (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. Farmin to licences PL03 and PL04. IPO and admission to AIM raising 15 million. 2006 2008…
FARM OUT TO PREMIER OIL HIGHLIGHTS OF THE TRANSACTION Farmout to Premier Oil announced on 12 July 2012 ObjecUves To ahract an experienced and capable operator to develop Sea Lion. To fully nance the project. To retain a…
FARM OUT TO PREMIER OIL CURRENT STATUS TransacUon Handover to Premier commenced immediately post announcement. CompleUon occurred midOctober 2012. Operatorship transferred endOctober 2012. Development Plan FPSO in…
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 subsurface lead in exploraUon. Appraise exisUng candidates for Ueback to Sea Lion FPSO…
EXPLORATION UPSIDE NEW VENTURES & PEOPLE AMI with Premier Oil Targets a geological province that is conUnuaUon of the Cretaceous riped eastern margin play of the opening of the South AtlanUc. Lower Cretaceous lacustrine /…
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 nancing arrangement provided by Premier Oil. Rockhopper…
APPENDIX 11
OPERATIONS DRILLING EFFICIENCY (AGR DATA) WaiUngonweather NonproducUve Ume NFB vs. North Sea NFB vs. North Sea A ll wells average (46 A ll wells average (46 9.5% 18.5% wells ) wells ) N o rth S ea average (35 N o rth S ea…
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 rst oil). Branch elecUons eecUve from 1 April 2012 mean that Once the eld…
EXPLORATION PROSPECT INVENTORY FAN PLAY TYPE Fan Name Block WI % Gross Unrisked Prospecve 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 Prospecve Resources MMBBLS GCoS % Best Jason (1) PL032 40 254.4 5 (1) Tyssen PL032 40 65.4 5 (1) Sedge PL004c 40 65.7 5 (1) Fox PL004b 40 172.7 GCA 5 Stephens (1)…
BOARD OF DIRECTORS DR. PIERRE JUNGELS, CBE Chairman JOHN CROWLE NonExecuUve Director PhD Geophysics & Hydraulics, California InsUtute of Trained geologist with upstream oil and gas experience Technology. Previously worked at Shell,…
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