Rockhopper Explora.on PLC Investor Presenta,on 12 August 2015 1
Rockhopper at a glance - post recently announced acquisi.on of Beach Egypt Key metrics Market cap at 60p: 275 million 2P reserves: 1 mmboe (+ 4.0 mmboe Egypt) Cash at year end 2014: 200 million (no debt) 2C con,ngent resources:…
Our business model: Building a well-funded, full cycle, explora.on led E&P company Maintaining balance sheet strength 200m cash and no debt Fully funded through rst phase of Sea Lion development Building a balanced porBolio in…
Track record of success Sea Lion Appraisal Consolidates interests in NFB acreage Explora.on in NFB commences Following the successful ow test in Rockhopper consolidates its interests in the In February, Rockhopper announced…
Ac.vity schedule 6
North Falkland Basin
Sea Lion FPSO concept re-selected 70m JV pre FID spend 2015 Target FEED award Q3 2015 Target sanc,on during 2016 14 development wells 8 producers 5 water injectors Low cost phased FPSO solu,on 1 gas producer / injector…
Zebedee, 14/15b-5 oil & gas discovery Successful discovery of oil and gas in three new F2 sequence reservoirs at Zebedee All seven prognosed reservoir targets were penetrated on or close to prognosis, with an eighth reservoir…
Isobel Deep, 14/20-1 oil discovery Isobel Deep well penetrate c. 33% of prognosed reservoir thickness (24m of 80m) before higher than an,cipated pressure results in well suspension Oil recovered to surface from Isobel Deep F3…
NFB 2015 explora.on campaign CHATHAM (RKH 40%) JAYNE EAST (RKH 24%) Sea Lion west ank appraisal to Low risk / high value prospects determine presence or absence on east ank of gas cap Excellent reservoir quality in F2 Adds…
Greater Mediterranean
Italian porBolio overview Guendalina Ombrina Mare 20% working interest 100% working interest Eni operator Rockhopper operator Currently producing 200 boe/d net 25 40 mmbbl recoverable oil Side-track well (H2 2015) expected to…
Croa.a First Licence Round Rockhopper awarded 40% non-operated interest in Block 9, alongside Eni as operator in Croa,an Hydrocarbon Authoritys (CHA) 1st Licensing round Block located in shallow (c.80m) water in Pliocene…
Recently announced acquisi.on of Beach Egypt
Transac.on overview and ra.onale Con.nua.on of Rockhopper strategy to build a well funded, full cycle, explora.on led E&P Focus on our core areas of the North Falkland Basin and Greater Med / North Africa Opportunis,cally add…
PorBolio overview Abu Sennan 22% working interest Kuwait Energy operator Four elds currently producing 1,300 boe/d net to Rockhopper 4.5 mmboe (2P/2C) net to Rockhopper Ac,ve drilling program to target near-eld upside…
Transac.on terms and metrics Headline considera.on of 22 million Key deal metrics Approximately 11.5 million cash Headline considera,on 22 million 10.5 million new Rockhopper shares Es,mated 2015 produc,on 1,300 boe/d Es,mated…
Funding Update* Cash at 31 December 2014 : 200 million NFB well cost es,mated at 50 million gross per well Total net cost to Rockhopper for all four NFB wells c.25 million (aver carries) 48 million Explora,on Carry from…
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