Business
14/10-6 Appraisal Well Spud
14/10-6 Appraisal Well Spud.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 5327K Rockhopper Exploration plc 18 July 2011 \n\nEmbargoed: 0700hrs 18 July 2011\nRockhopper Exploration plc\n \n(\"Rockhopper\" or the \"Company\")\n \n14/10-6 Appraisal Well Spud\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-6 appraisal well (\"the Well\") was spudded at 2125 hrs BST on 15 July 2011. The Well is situated on Licence PL032, which is 100% owned and operated by Rockhopper, and is the third appraisal well to be drilled on the Sea Lion feature since Rockhopper's oil discovery in May 2010. \n \nThe Well is located some 4.1km to the west of the 14/10-2 discovery well, on the western side of the structural low at top reservoir, and 2.3km to the south-west and 14m updip from the 14/10-4 appraisal well. The Well is designed to investigate reservoir and hydrocarbon presence outside what the Company considers the minimum case area. Both Sea Lion Main and Lower fan intervals are targets, with all the Sea Lion Main fan expected to be above the Oil-Water Contact established by the 14/10-4 appraisal well, and with reservoir expected to be thinner than encountered in previous wells on the Sea Lion feature. \n \nDrilling operations are expected to take approximately 38 days and a further announcement will be made once drilling is completed.\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 government.\n \nAn extensive work programme has been carried out over a number of y...