Business
14/10-7 Exploration Well Spud
14/10-7 Exploration Well Spud.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 7659M Rockhopper Exploration plc 22 August 2011 \n\nFor immediate release: 22 August 2011\nRockhopper Exploration plc\n \n(\"Rockhopper\" or the \"Company\")\n \n14/10-7 Exploration Well Spud\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, announces that the 14/10-7 exploration well (the \"Well\") was spudded at 0600hrs BST on 22 August 2011. The Well is situated on Licence PL032, which is 100% owned and operated by Rockhopper.\n \nThe Well is located approximately 3.3km to the north west of the 14/10-2 discovery well, just outside of the Sea Lion Discovery Area. The Well is designed to investigate reservoir and hydrocarbon presence towards the northern limit of the currently mapped extent of the Sea Lion Main Complex within an area of relatively low amplitudes. Accordingly, the Sea Lion Main Complex will be the only target, with reservoir expected to be thinner than encountered in the 14/10-2 discovery well.\n \nDrilling operations are expected to take approximately 32 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 years on the licences operated by Rockhopper. This has included 2D and 3D Seismic and Controlled Source Electromagnetic Mapping (CSEM). In February 2010, the Ocean Guardian drilling rig arrived in Falkland waters to carry out a mult...