Financial PosiEon 30 September 2011 million Resources available at 30 September 2011 131 Net liabiliEes at 30 September 2011 * (15) Net funds from shares placed on 12 October 2011 70 186 Expected drilling costs to…
Ocean Guardian Drilling Campaign Status Rockhopper Operated Wells 393 days on hire to Rockhopper as Operator to Friday 6th January 2012 10 wells 3 oil discoveries (Sea Lion, Casper, Casper South) 3 gas discoveries (Casper,…
Resource EsEmates Further technical work ongoing to determine resource esEmates post the end of the drilling campaign Final fully processed 3D seismic data available Q1 2012 10
ExploraEon Upside 500 m 5 6 49S PL01 PL032 PL033 5 MulEple play types on Rockhopper Acreage Only Play type 3 (fans) targeted during 2010-2012 drilling 4 campaign 2011 3D seismic fully processed data available for 2…
Next Steps H1 2012 Commence preparaEon for new Competent Persons Report Commence Farm Out process ConEnue Development Planning 12
Summary MulE well drilling campaign MulEple oil and gas discoveries Successful appraisal Industry interest to enter data room Fully funded to FID 13