5th Apr 2006 07:00
Rockhopper Exploration plc05 April 2006 PRESS RELEASE For immediate release: 5 April, 2006 Rockhopper Exploration plc 3D survey - Letter of Intent Signed Rockhopper Exploration plc (Rockhopper) is pleased to announce the signing of aLetter Of Intent with CGG Marine to conduct a 3D seismic survey on its NorthFalkland Basin acreage. The survey is planned for the Falkland summer months andis currently scheduled to begin in December 2006. The survey, which consists ofa minimum of 685km2 over licences PL032 and PL033 is aimed at providing furtherdata over a number of promising leads and prospects, and in addition, betterdefinition of the zones from where oil was recovered and gas detected in the 2wells drilled in 1998. Licences PL032 and PL033 lie in less than 500m of water and were the subject of2 wells drilled during 1998, one of which recovered live oil to the surface. Thelicences are already covered by 1546 km 2D and 368 km2 3D seismic data andRockhopper has access to that data. Rockhopper is now targeting a different playtype in addition to those early wells, representing an untested oil play. Sam Moody, Managing Director, commented: "We are very pleased to have one of theworlds leading seismic contractors coming to work in the Islands at a time oftight supply for high quality services in the oil sector. In 2006, we havealready completed 2D seismic and CSEM surveys over licences PL023 and PL024, andthe completion of this 3D seismic survey will be a further step in progressingour exploration effort. By acquiring, processing and interpreting this data theCompany is taking all available steps to ensure that we have the maximumflexibility in planning a future exploration drilling programme." For further information, please contact: Rockhopper Exploration plc www.rockhopperexploration.co.ukSam Moody - Managing Director 01722 414 419 Aquila Financial Ltd www.aquila-financial.comPeter Reilly 020 7202 2601Yvonne Fraser 020 7202 2609 Notes to editors:A graphic showing the location of licences PL032 and PL033, the proposedlocation of the 3D seismic survey and the existing prospects and leads isavailable from Aquila Financial Limited or can be downloaded from the Rockhopperwebsite: www.rockhopperexploration.co.uk Rockhopper Exploration plc started trading in February 2004 to invest in andcarry out an offshore oil exploration programme to the north of the FalklandIslands. The Group, floated on AIM in August 2005, is currently the largestlicence holder in the North Falkland Basin and has a 100 per cent. interest infour offshore production licences which cover approximately 5,800 sq. km. Theselicences have been granted by the Falkland Islands government. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Rockhopper