HIGHLIGHTS OPERATIONS Completed Falklands drilling programme, baseline survey, geotechnical survey HSE rig on hire 397 days 1 offshore LTI, 2 onshore LTI FARM IN Farmed in to licences PL004b & PL004c FUND RAISE Raised 46.5mm…
OPERATIONS SINCE 2011 AGM Wells drilled 14/10-7 14/10-8 14/10-9 14/15/4 Post drilling & development environmental baseline survey multiple seabed & water sampling points, analysis ongoing, baseline data to form part of EIS for…
HSE RECORD Drilling Campaign 2010/11 Vessel Operations 2012 LTI 3 0 Recordable 0 Injury 2 Minor 11 1 Injury Near 1 Miss 16 344,760 man hours Total 74,184 hours LTI details No LTIs, no environmental Crushed finger…
FARM IN TO PL004B AND PL004C Interest in 4b increased from 7.5% to 60% Interest in 4c increased from 7.5% to 25% Consideration was drilling well 14/15-4 Rationale based on RKH technical team view SLMC extended into the acreage…
FUND RAISE Raised 46.5mm GBP before expenses by way of a placing October 2011 Strengthened balance sheet and funded farm in to PL004b and PL004c 6
CPR New CPR published by Gaffney Cline & Associates Confirms Rockhopper view of Sea Lion as a large oil field with good upside potential and near field additional discoveries 7
FARM OUT Farm Out to Premier Oil announced on 12 July 2012 Purpose of Farm Out To seek an experienced and capable Operator for the development To fully finance the development To retain a material stake Terms of farm out…
FARM OUT CURRENT STATUS & INDICATIVE DEVELOPMENT TIMETABLE Farm out expected complete by end 2012 Handover to Premier commenced immediately post announcement Not yet completed Operatorship handover anticipated late 2012 Premier…
FALKLANDS ACTIVITIES Premier & Rockhopper have recently made rig market enquiry Results will demonstrate rig availability & timing of campaign Current plan to drill a number of exploration wells using one of the two development…
WHAT NEXT Continue Falklands programme Exploration significant low risk upside remains Appraisal Casper/Casper South/Beverley Development Sea Lion Move to main market Eligibility / Timing to be assessed Consider pursuing…
ROCKHOPPER POST FARM OUT Fully funded material 40% stake in a significant oil field development 48mm USD exploration carry (estimated to equate to 3 wells) 40% stake in high impact exploration portfolio within North Falklands…
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