Rockhopper Explora.on PLC Acquisi.on of Beach Egypt 18 April 2016 1
Transac+on Overview Transac.on originally announced in August 2015 but could not complete due to pre-emp.on by exis.ng JV partner Background Opportunity to acquire subsequently re-emerged Transac.on terms substan.ally…
Por;olio Overview* Abu Sennan 17% working interest Kuwait Energy operator Gas pipeline commissioned April 2015 and sales commenced Average net produc.on c.1,000 boepd Ac.ve drilling program to target near-eld upside El…
Transac+on Ra+onale Consistent with strategy to build a well funded, full cycle, explora.on led E&P Fit with ar+culated Focus on core areas of the NFB and Greater Med / North Africa strategy Opportunis.cally add low-cost produc.on…
Abu Sennan Concession (Beach Egypt 22% reducing to 17%*) Western Desert Concession awarded 2007, rst discoveries 2011, rst oil 2012 Kuwait Energy (50% & Operator), Dover Investments 28%, Beach 22% (reducing to 17%) 5…
Abu Sennan Concession Explora+on Upside Concession underexplored Concession area remains underexplored Area fully covered by 3D with mul.ple explora.on leads and prospects 3D PDSM volume now available Ini.al 6 month…
El Qaa Explora+on Licence (Beach Egypt 25%) Licence awarded in 2014, four years + 2 years explora.on term Dana (37.5% & Operator), Petrocel.c 37.5%, Beach 25% 467km2 of 3D seismic & 35km of 2D seismic acquired in 2015 with…
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