Update on Drilling Rig and Analyst Presentation

3 March 2015

Falkland Oil and Gas Limited

("FOGL" or "the Company")

&

Rockhopper Exploration plc

("Rockhopper" or the "Company")

Update on Drilling Rig and Analyst Presentation

Falkland Oil and Gas Limited (AIM: FOGL), the oil and gas exploration company focused on its extensive license areas to the North, South and East of the Falklands islands, and Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with interests in the North Falkland Basin and the Greater Mediterranean region, are pleased to announce that the drilling unit Eirik Raude has arrived in the North Falkland Basin (NFB) and will shortly be moving to location to commence the first well, on the Zebedee prospect, of the six well drilling campaign that will see two wells drilled in the NFB then one to the south of the islands, followed by two more in the north and a final slot in the south.

Sam Moody, CEO of Rockhopper and Tim Bushell, CEO of FOGL, will be hosting a joint presentation today for sell-side analysts. The companies will provide an update on the upcoming 2015 drilling programme, and their respective presentations will be available later today on the company websites, www.rockhopperexploration.co.uk and www.fogl.com.

No new material financial information will be disclosed in the presentation.

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