28th Nov 2007 07:00
Rockhopper Exploration plc28 November 2007 Press Release For immediate release: 28 November 2007 Rockhopper Exploration plc ("Rockhopper" or the "Company") Rockhopper commissions site survey Rockhopper, the North Falkland Basin oil and gas exploration company, is pleasedto announce that it has commissioned Wavefield Inseis to conduct a site surveyover its Ernest prospect in licence PL024. The site survey is a necessary partof preparatory work ahead of drilling. Rockhopper is already conducting anEnvironmental Impact Assesment over licences PL023 and PL024 in readiness fordrilling. The Ernest prospect is a relatively low risk independent 4-way dip closedstructure in 160m of water approximately 100km offshore the Falkland Islands. The robust 4-way closure has an areal extent of some 2880 acres, within a total area of over 6,000 acres. Sam Moody, Managing Director commented: "We are very pleased that Wavefield are able to perform this site survey overErnest, which is currently the lowest risk prospect in our portfolio. The 3Dseismic in our licences PL032 and PL033 means that we should not requireadditional site surveys in that area to prepare for drilling." 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 Landsbanki Securities (UK) Limited - Corporate FinanceTom Hulme 020 7426 9000 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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