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JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration

Rockhopper Exploration · Jul 30, 2012 · 12 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 1
    ROCKHOPPER EXPLORATION PLC FARMOUT AGREEMENT WITH PREMIER OIL JULY 2012
  2. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 2
    HIGHLIGHTS OF THE TRANSACTION Premier Oil plc (Premier) to acquire 60 per cent. of Rockhoppers interests in its North Falkland Basin licences US231 million upfront cash payment on completion of transaction US722 million Sea Lion…
  3. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 3
    IMPLICATIONS OF THE TRANSACTION Rockhopper will be fully funded on its share of the Sea Lion development through the Development Carry and standby financing arrangement provided by Premier with the option to secure third party…
  4. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 4
    PREMIER OIL A GOOD FIT FOR THE SEA LION DEVELOPMENT Premier is a strong operator with FPSO experience in similar conditions to North Falkland Basin Premier FPSO operating experience includes: Chim Sao, offshore Vietnam West…
  5. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 5
    FINANCING SEA LION AND ADJACENT DISCOVERIES ILLUSTRATIVE EXAMPLE IF STANDBY FINANCING IS TAKEN UP Leased FPSO pre first oil c.US2bn US million Purchased FPSO pre first oil c.US3bn Total development capex (gross) 5,000 Rockhopper…
  6. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 6
    DETAILED ACREAGE POSITION POST FARM OUT SUBJECT TO REGULATORY AND PARTNER APPROVALS Licence RKH Operator interest PL032 40% Premier PL033 40% Premier PL023 40% Premier PL024 40% Premier PL003 3% Desire PL004a 3% Desire PL004b…
  7. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 7
    POST FARM OUT ASSET BASE PreFarm Out CPR (1) PreFarm Out CPR PostFarm Out 40% Retained (1) Contingent Oil Resources Net to Rockhopper (probabilistic) Contingent Oil Resources Net to Rockhopper (probabilistic) Millions of barrels…
  8. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 8
    FALKLANDS CONTINUE TO BE CORE FOCUS AREA High retained equity stake in derisked North Falkland Basin acreage Successful risk spreading within Falklands acreage Falklands Acreage Risk Spreading Development Sea Lion now fully…
  9. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 9
    AMI Offshore Areas North Falkland Basin Namibia South Africa Southern Mozambique Equity Split RKH 40% PMO 60% 10
  10. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 10
    AMI SIMILARITY TO NORTH FALKLAND BASIN AMI targets geological province that is continuation of Cretaceous rifted eastern margin play of the opening Southern Atlantic Lower Cretaceous lacustrine / marine source potential within…
  11. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 11
    ROCKHOPPER SUBSURFACE TEAM Fully resourced subsurface team grown through exploration & appraisal phase In excess of 30 experienced individuals wholly or significantly contributing to current technical work programme Farm…
  12. JULY 2012 CORPORATE PRESENTATION – Rockhopper Exploration – slide 12
    SUMMARY Rockhopper will be fully funded on its share of the Sea Lion development through the Development Carry and standby financing arrangement provided by Premier with the option to secure third party financing in place of the…

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