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Falkland Islands CSEM Survey
Falkland Islands CSEM Survey.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n Rockhopper Exploration plc\n21 December 2005\n\n\n\nPRESS RELEASE\n\nFor immediate release: 21 December 2005\n\nRockhopper Exploration plc\n\n Rockhopper Exploration to conduct electromagnetic surveys\n\nRockhopper Exploration plc ('Rockhopper' or 'the Company') has commissioned\nOffshore Hydrocarbon Mapping plc (OHM) to undertake an electromagnetic survey\nprogramme on the Company's 100% held licences in the North Falklands Basin.\n\nData gathered from electromagnetic surveys provide exploration companies with\ninformation on whether a chosen exploration target has resistive properties\nsufficient to indicate the presence, or otherwise, of hydrocarbons before\ndrilling.\n\nThe surveys are due to take place in early 2006 and will increase the Company's\nunderstanding of the prospectivity of the acreage.\n\nLikely targets include, J1, which is a robust 4 way dip closure located in less\nthan 200 metres of water. The Company is also planning to obtain additional 2D\nseismic data over this prospect in the early part of 2006.\n\nSam Moody, Managing Director commented: 'We are very excited to be moving our\nexploration programme forward using this new technique. OHM's recent\nannouncement confirming the effectiveness of the electromagnetic method in\nshallow water was key for us. The Falkland Islands are in a fairly remote\nlocation and any future drilling programme has to be as cost effective and\nde-risked as far as possible.\n\n'We already know that J1 is a good structure in relatively shallow water and the\nelectromagnetic survey combined with additional 2D seismic could result in a\nsignificantly de-risked drillable prospect. We have identified a number of other\nstructural closures and work is currently progressing on selecting a second\ntarget.\n\n'We believe this OHM survey, combined with our already commissioned 2D survey,\nwill lead to a significant step forward in our understanding of this acreage by\nthe end of the first quarter in 2006.'\n\nEnds\n\nContacts:\nSam Moody, Managing Director Rockhopper Exploration 01722 414 419\nwww.rockhopperexploration.co.uk\n\nAquila Financial Limited \nPeter Reilly 020 7849 3319\nYvonne Fraser 020 7849 3320\[email protected]\n\nNotes to editors\n\nThe Rockhopper Group started trading in February 2004 to invest in and carry out\nan offshore oil exploration programme to t...