Business
Liz 14/19-A Exploration Well
Liz 14/19-A Exploration Well.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 4984H Rockhopper Exploration plc 22 February 2010 \n\nFor immediate release: 22 February 2010\n \nRockhopper Exploration plc\n \n(\"Rockhopper\")\n \nLiz 14/19-A Exploration Well Spud\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, notes the announcement by Desire Petroleum PLC (AIM: DES) that the Liz 14/19-A Exploration well, in which Rockhopper has a 7.5% working interest, was spudded on 22 February 2010. \n \nRockhopper is scheduled to drill the Sea Lion 14/10-B Exploration well (100% Rockhopper) following completion of the Liz well, which has an estimated duration of 30 days.\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) 20 050 6770\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 PL003 and PL004 which are operated by Desire Petroleum in which it holds a 7.5% working interest. These licences have been granted by the Falkland Islands government.\n \nAn extensive work programme has been carried out over a number of years the licences operated by Rockhopper. This has including 2D and 3D Seismic and Controlled Source Electromagnetic Mapping (CSEM). Rockhopper intends to drill the Sea Lion and Ernest prospects on its acreage during 2010 in addition to participating in three further wells with Desire. In November 2009 the Company completed an equity placing to raise gross proceeds of £50 million which covers the anticipated costs of these wells, including contingencies. In February 2010 the Ocean Guardian drilling rig arrived in Falklands waters to begin a drilling campaign on each of these prospects during 2010. \n \nRockhopper Exploration plc www.rockhopperexploration.c...