Business
14/10-4 Appraisal well-further technical update
14/10-4 Appraisal well-further technical update.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 1959E Rockhopper Exploration plc 04 April 2011 \n\nEmbargoed: 0700hrs, 4 April 2011\n \nRockhopper Exploration plc\n(the \"Company\")\n \n14/10-4 Appraisal well - further technical update\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to provide the following technical update on its Sea Lion Discovery after further interpretation of the results of well 14/10-4:\n \n· Porosity in 14/10-4 in the range 15%-27%, average 20%\n· Net to gross within the pay zone of 88%\n· Dual packer modular formation dynamic tester (MDT) results indicated well had the potential to flow at 2,700 bbls per day, compared to c.2,000 bbls per day seen in 14/10-2\n· Management interprets new low case area of 22km2 with stock tank oil initially in place (STOIIP) of 516 mmbbls giving 155 mmbbls recoverable at 30% recovery factor\n· New seismic depth conversion confirms upper fan full to spill, oil water contact within the upper fan package at 2,477m true vertical depth subsea (TVDSS)\n· Analysis of MDT results and logging indicates 14/10-2 and 14/10-4 are in communication.\n \nA presentation containing this information is available on the Company's web site: www.rockhopperexploration.co.uk\n \nEnquiries:\n \nRockhopper Exploration plc\nSam Moody - Chief Executive\nTel. +44 (0)20 7920 2340 (via M: Communications)\n \nM: Communications\nPatrick d'Ancona or Ben Simons\nTel. +44 (0)20 7920 2340\n \nCanaccord Genuity Limited\nCharles Berkeley / Henry Fitzgerald-O'Connor\nTel. +44 (0) 20 7050 6500\n \nNotes to Editors\n \nRockhopper was established in February 2004 with a strategy to invest in and carry out an offshore oil exploration programme to the north of the Falkland Islands. The Company floated on AIM in August 2005 and holds a 100 per cent. interest in four offshore production licences: PL023, PL024, PL032 and PL033 which cover approximately 3,800 sq. km. Rockhopper has also farmed in (7.5% working interest) to licences PL003 and PL004, which are operated by Desire Petroleum. These licences have been granted by the Falkland Islands gov...