ROCKHOPPER EXPLORATION Oil Barrel Conference 4 February 2015 1
Rockhopper Corporate Overview Our strategy is to create value through building a Core Areas NFB and Med/North Africa well-funded, full-cycle, exploration led E&P company We aim to do this by: Maintaining balance sheet strength and…
Rockhopper Summary Only E&P company to make a commercial oil Reserves and Resources (net to RKH) discovery in the Falklands 2C Contingent Resources Sea Lion oil field discovered in 2010 Falklands* 150 mmbbl Mediterranean 32 mmboe…
Indicative Activity Schedule Note: Potential for all four NFB wells to be drilled consecutively from March 2015 5
GREATER MEDITERANEAN OVERVIEW Sea Lion Development 6
Sea Lion Initial Phased Development (Rockhopper 40%) Phased, lower cost development solution adopted for the Sea Lion field Phase 1a Phased concept to develop gross Sea Lion 2C resources of Phase 1b 400 mmbbl (net 150 mmbbl to RKH)…
Sea Lion Phased Development Solution Likely FPSO Solution 2C Resources (mmbbl) Leased FPSO solution similar in scale to Premiers existing sanctioned Catcher Field Development Gross RKH (North Sea) Phase 1a (RKH 40%) 160 64 Phase 1b…
Sea Lion Development Timeline and Revised Commercial Terms 2014 2015 2016 2018 2019 FPSO FEED / design Submission of final Revised contract award FDP to FIG Development drilling development First Oil commences concept agreed…
GREATER MEDITERANEAN OVERVIEW North Falkland Basin Exploration 10
North Falkland Basin Eirik Raude 11
North Falkland Basin 2015 Exploration Highlights Eirik Raude rig on schedule to arrive in Falklands to spud first well in March 2015 Six wells planned (4 NFB, 2 SFB), with Rockhopper participating in all 4 NFB wells Rockhopper…
2015 High Impact Drilling Potential to Double Resources CHATHAM (RKH 40%) JAYNE EAST (RKH 24%) Sea Lion west flank appraisal to Low risk / high value prospects determine presence or absence on east flank of gas cap Excellent…
Greater Mediterranean - Building a Second Core Area 16
Rockhopper Acquisition of Mediterranean Oil & Gas plc Low cost, value enhancing entry into Mediterranean / North Africa region Acquiring 2P/2C resource base of 32.5 mmboe, increasing Rockhoppers 2P/2C resources by c.23% Acquiring…
GREATER MEDITERANEAN OVERVIEW Finance Update 18
Funding Update* Cash at 30 September 2014 : 205 million Pre-sanction capex on Sea Lion Phase 1a : 40 million (assumes FID mid 2016) Four firm exploration wells in NFB in 2015 : 25 million (after carries) 48m Exploration Carry from…
Capital Expenditure 2015 guidance: 60 million 20
Summary Building a well funded, full-cycle, exploration led E&P company Revised development concept and commercial arrangements agreed for Sea Lion Project sanction (mid 2016) no longer conditional on Premier finding farm-in partner…
Board of Directors DR. PIERRE JUNGELS, CBE - Chairman SAM MOODY - Chief Executive Officer PhD in Geophysics & Hydraulics from California Co-founder of Rockhopper Exploration. Previously at Institute of Technology. Previously worked…