Business
3D Seismic Programme - UPDATE
3D Seismic Programme - UPDATE.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 0569V Rockhopper Exploration plc 27 October 2010 \n \n\nEmbargoed: 0700hrs 27 October 2010\n \nRockhopper Exploration plc\n(\"Rockhopper\" or the \"Company\")\n \n3D Seismic Programme - UPDATE\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, is pleased to announce the signing of a further contract for marine seismic acquisition services with Polarcus Limited for the use of the seismic vessel MV Polarcus Nadia (\"Nadia\"). This contract is in addition to Rockhopper's contract for the MV Polarcus Asima vessel announced on 21 October 2010.\n \nUnder the contract Rockhopper will acquire a 3D seismic survey over areas of its licence PL024 (100% Rockhopper) and adjacent areas, which were not previously defined by 3D seismic, as well as participating with Desire Petroleum plc on areas of licences PL003 and PL004, in which Rockhopper has a 7.5% working interest. \n \nA contract to process the data will be the subject of a separate invitation to tender, which will be issued shortly. Monarch Geophysical Services Limited has been retained to provide specialist acquisition and processing supervision throughout the project.\n \nDesire Petroleum plc has simultaneously signed an identical contract with Polarcus Limited allowing the two companies to share the Nadia vessel for acquiring seismic data in each of their adjacent licences and other areas.\n \nNadia is expected to commence the joint survey in December 2010 with completion by end of April 2011.\n \nEnquiries:\n \nRockhopper Exploration plc\nSam Moody Ð Chief Executive\nTel. +44 (0)20 7920 2340 (via M: Communications)\n \nM: Communications\nPatrick dÕAncona 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, ...