Business
3D Seismic and Operational Up
3D Seismic and Operational Up.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 9615B Rockhopper Exploration plc 26 August 2008 \n \n\n\nPRESS RELEASE\n26 August 2008\n\nResults of 3D Interpretation and Operational Update\n\nRockhopper Exploration plc ('Rockhopper' or the 'Company'), the AIM traded (RKH) oil and gas explorer with licences in the North Falkland Basin, is pleased to provide an update on further technical work on the 3D seismic collected over licences PL032 and PL033 along with an operational update.\n\nHighlights:\n\n\n\nDepth conversion of the 3D interpretation has been completed\n\n\n\n\n\nDirectors' best estimates of P50 unrisked reserves over licences PL032 and PL033 increased from 1.2 bn bbls recoverable to 1.8 billion barrels recoverable \n\n\n\n\n\nModest drilling depths confirmed for oil plays\n\n\n\n\n\nAVO study shows strong indications of hydrocarbons inside the Sea Lion fan system within the 3D area\n\n\n\n\n\nBasin modelling studies suggest larger source kitchens with greater areas and more extensive oil windows than previously interpreted\n\n\n\n\n\nIndependent log analysis of Shell well 14/5-1A confirms gas saturations over a 1,400 metre gross interval, new gas prospect mapped which this well tested in a flank position\n\n\n\n\n\nInitial review suggests this newly identified gas prospect could contain multi Tcf gas in place\n\n\n\n\n\nUpdated economics\n\n\n\n\n\nRockhopper intends to work closely with Desire and Arcadia to secure a suitable drilling unit for a minimum 6 well campaign in the North Falkland Basin\n\n\n\nDepth conversion of 3D seismic interpretation\n\nDepth conversion mapping has now been completed over licences PL032 and PL033 and the following table sets out the results:\n\n\n\n\n\n\n\n\nPlay type\n\n\n\n\n\nProspect\n\n\nP50 unrisked recoverable reserves\n(millions of barrels)*\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nPinchout\n\n\nSedge \n\n\n55\n\n\n\n\n \n\n\nTyssen \n\n\n14\n\n\n\n\n \n\n\nJason\n\n\n350\n\n\n\n\n \n\n\n \n\n\n \n\n\n\n\nFans\n\n\nSea Lion\n\n\n230\n\n\n\...