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2D Seismic Interpretation
2D Seismic Interpretation.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n Rockhopper Exploration plc\n05 February 2007\n\n\n \n\n\nPRESS RELEASE\n\n\n5 February 2007\n\n\n2D Interpretation Update\n\n\n• Ernest contains multiple zones of interest - target size increased by 30%\n\n• Newly mapped Lead K closure co-incident with CSEM response\n\n• 20 additional structural leads identified\n\n\nInterpretation of the 920km 2D seismic data collected in early 2006 is complete\nand Rockhopper Exploration is pleased to provide the following exploration\nupdate.\n\nThe 2D seismic data, when combined with the controlled-source electromagnetic\nsurvey (CSEM) data gathered in late 2005, gives the Company increased confidence\nin prospect Ernest such that the potential recoverable P50 reserve estimate has\nbeen increased by 30% to 130 mmbbls. In addition, on Lead K, a closure has been\nconfirmed coincident with that identified by CSEM and could contain 60 mmbbls\nrecoverable.\n\nA further twenty structural leads have been identified which warrant further\ninvestigation. It is estimated that nine of these could be sufficiently large to\neach contain over 100 mmbbls recoverable and of those seven could each contain\nover 200 mmbbls recoverable.\n\nThe data was collected over two areas, firstly over Ernest, secondly over the\nsouthernmost areas of licences PL023 and PL024. The data over Ernest has been\ninterpreted in conjunction with the CSEM data collected at the same time.\n\nErnest\n\nAs a result, Ernest can now be mapped at multiple levels, with at least two\nzones of interest on the new seismic data from c.980m depth to c.2000m depth.\nThe new 2D has also allowed us to further refine our estimates of the potential\nsize of the prospect.\n\nThe CSEM data over Ernest shows a single discreet resistor on Line 1 (East /\nWest) at a level of approximately 1500m. This is coincident with the deeper\nclosure mapped on the seismic.\n\nAdditionally, the CSEM data over Ernest shows two discreet resistors on Line 2\n(North / South); one appears to be at the deeper level and is coincident with\nthe resistor described above. The second appears to be at a shallower level and\nappears to be coincident with a separate closure, still part of Ernest, at a\nlevel of approximately 1100m. We have also observed an amplitude versus offset\n(AVO) anomaly on the flank of Ernest at this shallower level which is coincident\nwith the...