Rockhopper Exploration PLC Investor Presentation 25 February 2016 1
Strategy Building a well-funded, full-cycle, exploration led E&P North Falkland Basin (NFB) and Mediterranean & North Africa Balanced portfolio in core Building a balanced portfolio across the asset life cycle geographical areas…
Continued delivery against corporate objectives Progress to date 2016 Pre-FEED work completed SPS FEED award Q1 2016 Significant progress in Project entered FEED - FPSO, SURF T&I and Flexibles Additional savings targeted to…
North Falkland Basin
Consolidated North Falkland Basin Position Rockhopper FOGL Combined Operator Group PL032 40% n/a 40% Premier PL003a 3% 92.5% 95.5% Rockhopper PL003b 3% 57.5% 60.5% Rockhopper PL004a PL004b 24% 40% 64% Premier PL004c PL005 n/a 100%…
Sea Lion Phase 1 Development Update Collaborative partnership Phase 1 project economics enhanced with falling break-even price Subsea FPSO Installation 220 mmbbl from NE & NW areas of PL032 Peak production of 85,000 bbl/d 18 wells…
Potential of North Falkland Basin Confirmed Successful exploration programme now complete Zebedee discovery proves up additional resource to northern North Phase 1 Falklands Basin development Adds 60 mmbbl resource to Sea Lion Phase…
Revised Commercial Terms with Premier Rockhopper to access the full 48 million Exploration Carry for the 2015/16 Exploration Carry drilling campaign Rockhopper to retain 337 million Development Carry for Phase 1 Sea Lion…
Successful Isobel-2 Re-drill Oil Discovery Re-drill targets 27m of Net Pay in Isobel Deep 4.2km Emily, Isobel and from Isobel Deep Isobel Deep Discovery Well Five F3 reservoir Reservoir quality as fans intercepted at expected at…
Successful Isobel-2 Re-drill Oil Discovery F3 fans intercepted by well in marginal locations due to geometry of fan bodies 14/20-2 14/20-2 14/20-2 Irene (F3A) Emily (F3D) Elaine South (F3F) Good seismic correlation…
Greater Mediterranean
Mediterranean Asset Overview Guendalina (RKH 20%) Eni operated Currently producing 580 boe/d net Estimated revenue 7m in 2016 Civita (RKH 100%) Rockhopper operated Currently producing 160 boe/d net Estimated revenue 2m in…
Funding Update Cash at 31 December 2015 : 110 million (unaudited) Forecast expenditure on progressing Sea Lion FEED in 2016 : 20 million net to Rockhopper Minimal expenditure on exploration expected in 2016 taking into account 48…