Business
Ernest Site Survey
Ernest Site Survey.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n Rockhopper Exploration plc\n28 November 2007\n\n\nPress Release\n\nFor immediate release: 28 November 2007\n\nRockhopper Exploration plc ('Rockhopper' or the 'Company')\n\n \n Rockhopper commissions site survey\n\nRockhopper, the North Falkland Basin oil and gas exploration company, is pleased\nto announce that it has commissioned Wavefield Inseis to conduct a site survey\nover its Ernest prospect in licence PL024. The site survey is a necessary part\nof preparatory work ahead of drilling. Rockhopper is already conducting an\nEnvironmental Impact Assesment over licences PL023 and PL024 in readiness for\ndrilling.\n\nThe Ernest prospect is a relatively low risk independent 4-way dip closed\nstructure in 160m of water approximately 100km offshore the Falkland Islands. \nThe robust 4-way closure has an areal extent of some 2880 acres, within a total \narea of over 6,000 acres.\n\nSam Moody, Managing Director commented:\n\n'We are very pleased that Wavefield are able to perform this site survey over\nErnest, which is currently the lowest risk prospect in our portfolio. The 3D\nseismic in our licences PL032 and PL033 means that we should not require\nadditional site surveys in that area to prepare for drilling.'\n\n\nNB: This statement has been approved by the Company's geological staff who\ninclude David Bodecott (Exploration Director), who is a Member of Petroleum\nExploration Society of Great Britain (PESGB) and the American Association of\nPetroleum Geologists (AAPG) with over 30 years of experience in petroleum\nexploration and management, for the purpose of the Guidance Note for Mining, Oil\nand Gas Companies issued by the London Stock Exchange in respect of AIM\ncompanies, which outline standards of disclosure for mineral projects.\n\n\nFor further information, please contact:\n\nRockhopper Exploration plc www.rockhopperexploration.co.uk\nSam Moody - Managing Director 01722 414 419\n\nAquila Financial Ltd www.aquila-financial.com\nPeter Reilly 020 7202 2601\nYvonne Fraser 020 7202 2609\n\nLandsbanki Securities (UK) Limited - Corporate Finance\nTom Hulme 020 7426 9000\n\n\n\nNotes to editors\n\nwww.rockhopperexploration.co.uk\n\nThe Rockhopper Group started trading in February 2004 to invest in and carry out\nan offshore oil exploration programme to the north of the Falkland Islands. The\nGroup, floated on AIM in August 2005...