Business
Drilling Update - Liz Well
Drilling Update - Liz Well.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 6616J Rockhopper Exploration plc 01 April 2010 \n\nFor immediate release: 1 April 2010\n \nRockhopper Exploration plc\n \n(\"Rockhopper\")\n \nDrilling Update: Liz 14/19-A Exploration Well\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, notes the announcement by Desire Petroleum PLC (AIM: DES) regarding the Liz 14/19-1 well, in which Rockhopper has a 7.5% working interest:\n \nDesire Petroleum PLC, the operator, has provided a further drilling update on the Liz 14/19-1 Exploration well, where wireline operations are continuing.\n \nFrom the interpretation of the logs received to date, it appears that the deepest play type is still undrilled and Desire's intention is to drill around a further 200 metres to test this play subject to operational constraints\n \nWireline logging and sampling have been completed on the lower section of the well, primarily below 3,400 metres where the deeper gas shows were encountered. Petrophysical interpretation indicates that gas pay has been penetrated but that the reservoir quality in this section is poor.\n \nWireline sampling and pressure recording has still to be carried out on the primary Liz target and a number of other zones where hydrocarbon shows were encountered.\n \nFinal completion of the well is expected late next week.\n \nUpon release from Liz, the Ocean Guardian drilling rig will relocate to drill the Sea Lion 14/10-B Exploration well (100% Rockhopper) on the western margin of the North Falkland Basin.\n \n-Ends-\nEnquiries:\n \nRockhopper Exploration plc\nSam Moody - Managing Director\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 Adams\nJeffrey Auld/ Elijah Colby/ 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 to licences...