Business
Operational Update - Sea Lion
Operational Update - Sea Lion.
About this update from Rockhopper Exploration Plc
[{"type":"text","content":"\n RNS Number : 3190T Rockhopper Exploration plc 27 September 2010 \n \n\nEmbargoed: 0700hrs, 27 September 2010\n \nRockhopper Exploration plc\n(\"Rockhopper\" or the \"Company\")\n \nOperational Update - Sea Lion 1\n \nRockhopper Exploration plc (AIM: RKH), the North Falkland Basin oil and gas exploration company, completed operations, on 25 September 2010, to safely plug and abandon the Sea Lion 1 well - the first oil discovery and Contingent Oil Resource in the North Falkland Basin.\n \nRockhopper has released the Ocean Guardian drilling rig. \n \nThe Company is continuing to evaluate the information acquired during its successful drilling and testing of the Sea Lion prospect, in order to plan the next phase in proving the reserves discovered, as well as participating in a number of wells on licences PL003 and PL004 (Rockhopper: 7.5% working interest), which are operated by Desire Petroleum.\n \nSam Moody, Managing Director of Rockhopper, commented: \n \n\"Health, Safety and Environment remain our absolute priority when operating, so I am very grateful to all personnel, both Rockhopper's and its contractors, for their commitment and delivery of safe operations during the drilling of Ernest and testing of Sea Lion.\"\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 Genuity Limited\nRobert Finlay / 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, which are operated by Desire Petroleum. These licences have been granted by the Falkland Islands government.\n \nAn extensive work programme has been carried out over a number of years on the licences operated by Rockhopper. This has included 2D and 3D Seismic and Controlled Source Electromagne...