7th Dec 2007 07:01
Rockhopper Exploration plc07 December 2007 PRESS RELEASE 7 December 2007 Rockhopper Exploration plc ("Rockhopper") Ernest Site Survey Completed Rockhopper is pleased to announce that Wavefield Inseis ASA has successfullycollected the site survey data over the Ernest prospect in Licence PL024. Pierre Jungels, Rockhopper Exploration's Executive Chairman, commented: "Now that the site survey over Ernest has been acquired the only remaining itemis to complete the Environmental Impact Assessment , which is already underway.Once complete we will be in a position to drill, subject to rig availability. The possibility of a large Falklands drilling campaign has become more concretewith BHP's entry into the region and Rockhopper would certainly be interested inparticipating in any such campaign. The farm out market is improving as is themarket for mid water semis, giving us a number of options for drilling once weare ready. We are making good progress in our interpretation of the 3D seismic data overlicences PL032 and PL033 and initial indications are encouraging . We should bein a position to update the market on the final interpretation results beforethe end of January. We will then reprocess that 3D seismic to remove the need for additional sitesurveys in that acreage and we should therefore have several drillable targetsonce our interpretation and reprocessing is completed." NB: This statement has been approved by the Company's geological staff whoinclude David Bodecott (Exploration Director), who is a Member of PetroleumExploration Society of Great Britain (PESGB) and the American Association ofPetroleum Geologists (AAPG) with over 30 years of experience in petroleumexploration and management, for the purpose of the Guidance Note for Mining, Oiland Gas Companies issued by the London Stock Exchange in respect of AIMcompanies, which outline standards of disclosure for mineral projects. 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 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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