1st Mar 2006 07:01
Rockhopper Exploration plc01 March 2006 PRESS RELEASE 1 March 2006 Rockhopper Exploration plc Completion of Falkland Islands survey programme Rockhopper Exploration plc ("Rockhopper") is pleased to announce that theexclusive 2D seismic survey and the electromagnetic surveys carried out on itsFalkland Islands acreage have now been successfully completed The 2D seismic survey, completed by GSI, acquired approximately 920 kilometresof data over Rockhopper's 100% licences PL023 and PL024. The data gathered willbe processed in the UK and on completion will be interpreted and integrated withthe existing 1832km of 2D data covering licences PL023 and PL024, on which theJ1 prospect and a number of leads have already been identified. It is hoped thatthe new mapping will enhance the J1 prospect and also change the status of anumber of the leads identified into prospects The controlled source electromagnetic (CSEM) surveys, completed by OffshoreHydrocarbon Mapping plc, were also carried out over Rockhopper's PL023 and PL024licence. The CSEM survey technique has been successfully used by major oilcompanies elsewhere in the world but this is the first CSEM survey ever carriedout in the Falkland Islands. The processing and interpretation of both the 2D and CSEM surveys is expected totake approximately 3 to 4 months. Pierre Jungels, Rockhopper's Executive Chairman commented: "We are pleased thatthese surveys have been completed. We can now concentrate on processing thegathered data in order to improve our understanding of our acreage and decide onhow to move forward. " Ends Contact: Rockhopper Exploration plc www.rockhopperexploration.co.ukSam Moody - Managing Director 01722 414 419 Aquila Financial Ltd [email protected] Reilly 020 7202 2601Yvonne Fraser 020 7202 2609 Notes to editors:A graphic showing the location of licences PL023 and PL024, the J1 prospect andother leads, the 2006 2D seismic and CSEM survey locations and the existing 2Dseismic data to which Rockhopper has access is available from Aquila FinancialLimited or can be downloaded from the Rockhopper website: www.rockhopperexploration.co.uk The Rockhopper Group started trading in February 2004 to invest in and carry outan offshore oil exploration programme to the north of the Falkland Islands. TheGroup, floated on AIM in August 2005, is currently the largest licence holder inthe North Falkland Basin and has a 100 per cent. interest in four offshoreproduction licences which cover approximately 5,800 sq. km. These licences havebeen granted by the Falkland Islands government. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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