ROCKHOPPER EXPLORATION PLC CORPORATE UPDATE JULY 2013
ROCKHOPPER EXPLORATION PLC CORPORATE SNAPSHOT Interests in 8 licences in the North Falkland Market data(2) Basin (NFB). Exchange AIM 38% of the Sea Lion oil field and 30% of Ticker RKH adjacent discoveries via a 40% interest in…
ROCKHOPPER EXPLORATION TRACK RECORD 2004 - 2005 Rockhopper is established and granted licences PL023, PL024, PL032 and PL033 in the NFB. Farm-in to licences PL03 and PL04. IPO and admission to AIM raising 15 million. 2006 - 2008…
SEA LION PROJECT CURRENT STATUS Development Plan FPSO in 450 metres of water with tanker offloading. Associated gas used as fuel or re-injected. 22 producers, 13 water injectors and a gas injector, drilled from 3 subsea centres.…
SEA LION PROJECT CURRENT STATUS Subsurface & Drilling Detailed static and dynamic modeling underway. Rig contracting strategy being developed and discussions with drilling contractors underway. Planning logistics and base…
EXPLORATION UPSIDE SIGNIFICANT POTENTIAL IN NORTH FALKLAND BASIN Rockhopper has a strong understanding of the NFB and retains the sub-surface lead in exploration while working closely with Premier Oil. Both companies exploration…
EXPLORATION UPSIDE CHATHAM The Chatham system comprises an extensive northerly fed channel and terminal fan complex. A well on this prospect would be the first real test of this system. Much of the feature lies beneath the western…
EXPLORATION UPSIDE S2 The S2 prospect is an Early Cretaceous easterly fan that is wholly located on licence PL032, where Rockhopper has a 40% stake. The preferred S2 well location would be c.15 km north of the likely location of…
EXPLORATION UPSIDE THE ZEBEDEE LOCATION The proposed Zebedee well location would intersect a total of six exploration targets and is situated on licence PL04b, where Rockhopper has a 24% stake. It is south of the Sea Lion field and…
EXPLORATION UPSIDE THE GEORGE LOCATION The potential George well location is on licence PL04b, where Rockhopper has a 24% stake. The primary objective of a well here would be to appraise the existing Casper South reservoir and the…
CAPITAL RECONSTRUCTION CREATING DISTRIBUTABLE RESERVES Cancelling the share premium account Funding requirements ahead of first oil In June 2013, Rockhopper received authority from its shareholders to cancel the companys share premium…
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 financing arrangement provided by Premier Oil. Rockhopper has…
APPENDIX 15
OPERATIONS DRILLING EFFICIENCY (AGR DATA) Waiting-on-weather Non-productive time NFB vs. North Sea NFB vs. North Sea All wells average (46 All wells average (46 9.5% 18.5% wells) wells) North Sea average (35 North Sea average…
OPERATIONS METOCEAN CONDITIONS 17
FARM OUT TO PREMIER OIL HIGHLIGHTS OF THE TRANSACTION Farm-out to Premier Oil announced in July 2012 Objectives Attract an experienced and capable operator to develop Sea Lion. Fully finance the project. Retain a material stake.…
FARM OUT STANDBY FINANCING & TAX TREATMENT Financing arrangement with Premier Oil Expected tax treatment Available on all development capex (pre and post first oil). Branch elections effective from 1 April 2012 mean that this is…
EXPLORATION PROSPECT INVENTORY FAN PLAY TYPE Fan Name Block WI % Gross Unrisked Prospective 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…
BOARD OF DIRECTORS DR. PIERRE JUNGELS, CBE - Chairman CHRIS WALTON Senior Independent Director PhD Geophysics & Hydraulics, California Institute of Finance Director at Easyjet from 1999 to 2005 where Technology. Previously worked at…
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