Rockhopper Exploration PLC Company Update - January 2016 1
Continued Delivery Against Corporate Objectives Pre-FEED work recently completed Project entering FEED with the award of FPSO FEED contract to Significant progress in SBM advancing Sea Lion Significant technical & cost improvements…
Sea Lion Development Update Phase 1a FEED awarded Phase 1a Phase 2 Phase 1a Now Develops NE &NW FPSO FEED Awarded to SBM 18 Wells (13 Pre-Drilled) Surf FEED Awards Q1 2016 11 Producers Sanction Target H2 2017 6 Water…
Revised Commercial Terms Rockhopper to access the full 48 million Exploration Carry for the Exploration Carry 2015/16 drilling campaign Rockhopper to retain 337 million Development Carry for Phase 1a Sea Lion Development Further…
Consolidated North Falkland Basin Position RKH FOGL Combined Operator Group PL032 40% n/a 40% Premier PL003a 3% 92.5% 95.5% RKH/FOGL PL003b 3% 57.5% 60.5% RKH/FOGL PL004a PL004b 24% 40% 64% Premier PL004c PL005 n/a 100% 100%…
Successful Isobel-2 Redrill Oil Discovery Post completion Rockhopper will have 64% equity position in PL004 Re-drill targets 27m of Net Pay in Isobel Deep 4.2km Emily, Isobel and from Isobel Deep Isobel Deep Discovery Well Five…
Successful Isobel-2 Redrill Oil Discovery F3 Fans intercepted by well in marginal locations due to geometry of fan 14/20-2 14/20-2 14/20-2 bodies Irene (F3A) Emily(F3D) Elaine South (F3F) Good seismic correlation…
The North Falkland Basin A step closer to realising Billion Barrel Potential 8
Schematic Reservoir Correlation Across the Basin 9
MEDITERRANEAN 10
Mediterranean Asset Rationalisation Key Assets Identified ITALY Guendalina Non Operated Production Ombrina Mare Operated Appraisal/Development Civita Operated Production Monte Grosso Operated Exploration OTHER MED…
Guendalina (20%) Successful sidetrack provides significant production boost GUE2A Sidetrack penetrates all gas bearing target Pliocene sands in up dip-position and with good reservoir characteristics Two additional deeper horizons…
Civita (100%) - Delivered on time and on budget Rockhoppers First Operated Gas Development came on stream Friday 13th November 2015 Well located in Aglavizza Production Concession First Production 2P reserves of approximately 1bcf at…